FRANKFURT, May 15 Reuters German utility E.ON sees upside potential in its targeted investments in electricity distribution grids, its chief financial officer said in an earnings call with analysts on Wednesday. There is room for more in our investment plans, if economic conditions are right, CFO Marc Spieker said, when asked about investment targets being developed by grid […]

Now expects net loss vs break even in 202324 Books impairments on materials trading division Thyssenkrupp shares 2.2, Thyssenkrupp Nucera 7 FRANKFURT, May 15 Reuters German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand and prices at its steel unit, half of which […]

FRANKFURT, May 15 Reuters Germany39;s Allianz posted a betterthanexpected 22 rise in firstquarter net profit, helped by strength in its property and casualty insurance business, the company said on Wednesday. Net profit attributable to shareholders of 2.475 billion euros 2.68 billion in the three months through March compares with profit of 2.032 billion euros a year […]

SHANGHAI, May 15 Reuters Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lowerpriced brand Onvo which aims to compete there with Tesla39;s Model Y, the world39;s bestselling EV. Nio unveiled the Onvo L60 SUV with a sticker price starting from 219,900 yuan 30,476, 12 below the price of Tesla39;s Model Y […]

May 15 Reuters New York Community Bancorp39;s shares reversed course to trade down 4 as a deal to sell 5 billion of mortgage warehouse loans failed to assuage investors worried about the long road to profitability for the embattled lender. The deal, already hinted by NYCB, with JPMorgan Chase on Tuesday bolsters its liquidity. However, concerns stemming […]

FRANKFURT, May 15 Reuters RWE Germany39;s largest electricity producer, on Wednesday posted betterthanexpected core profit for the first quarter, boosted by stronger winds and a better than expected performance at its trading division. Adjusted earnings before interest, tax, depreciation and amortisation EBITDA for the period fell more than a quarter to 1.71 billion euros 1.85 billion, […]