|Bid||109.95 x 3500|
|Ask||110.05 x 14200|
|Day's Range||109.05 - 111.00|
|52 Week Range||87.83 - 117.35|
|PE Ratio (TTM)||24.34|
|Forward Dividend & Yield||2.45 (2.12%)|
|1y Target Est||N/A|
Deutsche Boerse, the German stock exchange operator, is planning a major shakeup of the composition of three key indexes later this year that affects technology stocks. Technology shares will now be included in the midcap index MDAX and the smallcap index SDAX, Deutsche Boerse said. Also, bluechip technology stocks in the benchmark DAX index will also be included in the TecDAX index.
The chairman of Deutsche Boerse's supervisory board said on Wednesday he would not insist on serving another full three-year term amid criticism that he is partly to blame for management missteps. Shareholder adviser Hermes EOS and other investors have said Joachim Faber should pave the way for a successor after the company's former chief stepped down last year amid an ongoing insider trading investigation. "I reserve the right to prepare for a transition in the chairmanship of the Supervisory Board during the next term of office," Faber told shareholders at the company's annual general meeting, where he was up for re-election.
Theodor Weimer’s pruning of Deutsche Boerse AG has only just begun. The German exchange group’s chief executive officer told shareholders Wednesday that he wants to cut as many as 50 management jobs as part of a plan to lower its annual running costs by 100 million euros ($118 million) by the end of 2020. Since replacing the ousted Carsten Kengeter at the start of the year, Weimer has focused on putting the Frankfurt-based company’s own house in order after abandoning the search for a transformational merger deal.
The chairman of Deutsche Boerse's (DB1Gn.DE) supervisory board said on Wednesday he would not insist on serving another full three-year term amid criticism that he is partly to blame for management missteps. Shareholder adviser Hermes EOS and other investors have said Joachim Faber should pave the way for a successor after the company's former chief stepped down last year amid an ongoing insider trading investigation. "I reserve the right to prepare for a transition in the chairmanship of the Supervisory Board during the next term of office," Faber told shareholders at the company's annual general meeting, where he was up for re-election.
Hermes EOS, the UK shareholder advisory service, has hit out against the management of the Deutsche Börse after a year in which the German exchange struggled to contain the fallout from a criminal investigation into insider trading allegations. The group on Tuesday said it would provide only “qualified support” for the re-election of chairman Joachim Faber as chairman and called on him not to serve his three-year term, but to use the next year to find his own successor. Hermes EOS advises shareholders with around 1.5 per cent of the voting rights of Deutsche Börse.
In this analysis, my focus will be on developing a perspective on Deutsche Börse Aktiengesellschaft’s (XTRA:DB1) latest ownership structure, a less discussed, but important factor. A company’s ownership structure isRead More...
FRANKFURT (Reuters) - Deutsche Boerse AG (DB1Gn.DE) plans to cut around 300 jobs as new CEO Theodor Weimer seeks to lower operating costs by 100 million euros (88 million pounds) through to 2020, Handelsblatt ...
Examining Deutsche Börse Aktiengesellschaft’s (XTRA:DB1) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met orRead More...
Deutsche Boerse (DB1Gn.DE) on Wednesday announced a framework for its strategy under its new chief executive that aims to make the German company the leading European exchanges group, as it reported an 11 percent drop in net profit in the first quarter. Theodor Weimer, who took over on Jan. 1, is seeking to open a new chapter after Deutsche Boerse was entangled in an insider trading scandal, a failed merger with its London counterpart and a profit warning last year. The roadmap, finalised on Wednesday at a meeting of the supervisory board, involves accelerated growth in "selected business areas" and increased investment in new technologies, the company said.
Deutsche Börse Aktiengesellschaft (XTRA:DB1) received a lot of attention from a substantial price movement on the XTRA over the last few months, increasing to €114.9 at one point, and droppingRead More...
Pricing DB1, a financial stock, can be difficult since these capital market businesses have cash flows that are affected by regulations that are not imposed upon other sectors. Maintaining aRead More...
European utilities plan to begin some direct trades with one another using blockchain technology within months, hoping to stay ahead in a world in which individuals may eventually sell green energy to one another. The distributed ledger technology that underpins the bitcoin currency has already been tested by energy operators for wholesale trading, but it will go live with just a few selected electricity and gas contracts to start with. The initiative, Enerchain, is a forerunner of more possible uses of the technology by established energy players and wider options explored by a raft of start-ups to harness its potential - many of them years away from execution.
Germany's financial markets watchdog is investigating whether Deutsche Boerse (DB1Gn.DE) should have provided more information to investors during its search for a new chief executive, with a ruling against the company potentially leading to a fine. A spokeswoman for the BaFin watchdog said it was looking into whether the German stock exchange operator should have publicly disclosed that a personnel committee on the supervisory board had on Nov. 13 narrowed its CEO search to two candidates. On Nov. 16, Deutsche Boerse announced that Theodor Weimer would be its new chief executive officer.
Many key European bond and stocks futures, including German Bund futures and DAX futures, did not open for trading on Friday as the Eurex trading system was hit by technical issues. German Bund futures, which allow investors to hedge against German government bonds, Italian BTP futures and French OAT futures were all down. As a result, trading in government bonds is extremely thin, most likely because investors are unable to hedge their investments, DZ Bank strategist Daniel Lenz said.
In December 2017, Deutsche Börse Aktiengesellschaft (XTRA:DB1) released its most recent earnings announcement, which confirmed that the company gained from a robust tailwind, leading to a double-digit earnings growth ofRead More...
Stock exchanges should talk to each other and have safeguards in place to mitigate bouts of extreme market volatility that can undermine investor confidence, global securities regulators proposed on Wednesday. The International Organisation of Securities Commissions (IOSCO) set out draft recommendations for public consultation on Wednesday to stop big market moves becoming disorderly. Changes have already been made nationally in recent years, but IOSCO aims for a more consistent approach across financial markets and to share best practices.
FRANKFURT (Reuters) - Covestro (1COV.DE), a maker of materials for insulation foams and transparent plastics, will replace broadcaster ProSiebenSat.1 Media (PSMGn.DE) on Germany's blue-chip DAX index (.GDAXI), ...
Deutsche Boerse (DB1Gn.DE) is aiming to win a quarter of the lucrative euro clearing market from London as Britain leaves the European Union, the German stock exchange operator's new chief executive said on Wednesday. Theodor Weimer also said he was reviewing the company's strategy and costs, and would provide details in late May. He added acquisitions could be part of his plans, with 1.3 billion euros (1.15 billion pounds) on hand. The comments at an annual press conference are the most extensive since Weimer took over as CEO at the start of the year.
Deutsche Boerse CEO Theodor Weimer speaks to Bloomberg's Nicolas Comfort from Frankfurt. Weimer said the company has it sights on a quarter of the euro-clearing market next year, and said the market is ...
Deutsche Boerse (DB1Gn.DE) posted a 26 percent rise in net profit in the fourth quarter of 2017, and the German stock exchange operator said it expects a 10 percent rise in 2018 net profit despite missing its 2017 target amid weak markets. Net profit in the quarter rose to 213.6 million euros ($263.6 million), above expectations of 192 million euros forecast in a Reuters poll of banks and brokerages. For the full year, profit rose 6 percent to 857.1 million euros, well under its goal of a 10 to 15 percent rise.