|Bid||23.88 x 142800|
|Ask||23.88 x 10700|
|Day's Range||23.63 - 23.89|
|52 Week Range||21.05 - 27.07|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.16 (0.53%)|
|1y Target Est||N/A|
German steel distributor Kloeckner & Co is not working on a bid for Thyssenkrupp's Materials Services unit, a spokesman for the company said in response to a media report. German monthly Manager Magazin earlier reported that Kloeckner CEO Gisbert Ruehl would soon propose a joint venture under the leadership of his company, taking advantage of growing shareholder criticism over Thyssenkrupp's slow turnaround. "There are currently neither talks between Kloeckner & Co and Thyssenkrupp over a tie-up with the Material Services division nor are we preparing an offer for it," a Kloeckner & Co spokesman said.
German steel distributor Kloeckner & Co is not working on a bid for Thyssenkrupp's Materials Services unit, a spokesman for the company said in response to a media report. German monthly Manager Magazin earlier reported that Kloeckner CEO Gisbert Ruehl would soon propose a joint venture under the leadership of his company, taking advantage of growing shareholder criticism over Thyssenkrupp's slow turnaround.
German engineering association VDMA expects the British market to stagnate next year as manufacturers hold off investments in factory equipment while they wait for a degree of clarity in Brexit negotiations. The market is likely to grow by 1 percent in 2018, "if at all", VDMA Executive Director Thilo Brodtmann told a news conference on Tuesday, following expected growth of 5 percent this year. German engineering exports to Britain fell 4.5 percent in the first nine months of 2017, and the VDMA expects additional costs of 180 million euros ($212 million) a year for its members if Britain leaves the customs union.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for ThyssenKrupp AG. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish 50 ... Read more (Read more...)
The chief minister of Germany's state of North Rhine-Westphalia has been elected to the board of the foundation that is the largest shareholder in engineering group ThyssenKrupp (TKAG.DE), it said on Monday. The election for a seven-year term of Armin Laschet, from Chancellor Angela Merkel's Christian Democratic Union, comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel. "The membership is not tied to the position of chief minister.
Thyssenkrupp (TKAG.DE) has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel (TISC.NS) to merge their European steel operations, several people close to labour union IG Metall said. German industrial group Thyssenkrupp and India's Tata Steel agreed in September to merge their European steel operations, creating the continent's second largest steelmaker with revenues of 15 billion euros (13.22 billion pounds).
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp sees potential factory gear orders of more than 1 billion euros (£0.8 billion) over the next decade due to an expected production boom of lithium-ion batteries ...
Germany’s biggest union has given Thyssenkrupp AG until Dec. 22 to guarantee jobs and investments before the labor group will give its blessing to a joint venture with Tata Steel Ltd.
Thyssenkrupp (TKAG.DE) Chairman Ulrich Lehner has rejected investor calls to break up the industrial group and backed top management's plan to transform the firm into a technology group, Germany's Handelsblatt reported, citing an interview. Chief Executive Heinrich Hiesinger, who has run the group since 2011, is steering the firm away from the volatile steel sector and aims to transform it into a technology group focused on car parts and elevators. Cevian Capital, which holds around 18 percent in Thyssenkrupp, has criticized the management's transformation course for failing to boost profitability and called for structural changes to the group to help it become more agile.
German labour union IG Metall has given Thyssenkrupp until Dec. 22 to agree guarantees on jobs, plants and investment if the company is to get the union's backing for its deal with Tata Steel to merge their European steel operations. The deadline puts further pressure on Thyssenkrupp Chief Executive Heinrich Hiesinger, who has said he wants the approval of shop stewards for the plan to merge the group's European steel business with that of India's Tata Steel. Hiesinger, in the job since 2011, is trying to transform Thyssenkrupp into a technology group focused on car parts and elevators and workers say the company is shirking its responsibilities towards them by hiving off the steel business.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to ThyssenKrupp AG Here are 5 ETFs with the largest exposure to TKA-DE. Comparing the performance and risk of ThyssenKrupp AG with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis ThyssenKrupp AG reports financial results for the year ended September 30, 2017. We analyze the earnings along side the following peers of ThyssenKrupp AG – Salzgitter AG, Kloeckner & Co SE, Kone Oyj Class B and Tata Steel Limited Sponsored GDR RegS (SZG-DE, KCO-DE, KC4-DE and TTST-GB) that have also reported ... Read more (Read more...)
Demand for next-generation lifts and car components enabled Thyssenkrupp to report its highest annual order intake in five years as the German firm slowly exits steelmaking. Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel industry, its traditional mainstay.
Labour representatives have piled pressure on Thyssenkrupp in talks over the group's planned European steel joint venture with India's Tata Steel, saying they remained concerned over jobs and plants. Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. Earlier this month, IG Metall, Germany's largest trade union called on management to provide guarantees for jobs, plants and future investments and has requested an independent review over whether the joint venture will be able to survive on its own.
IG Metall, Germany's largest trade union called on Thyssenkrupp's (TKAG.DE) management to provide guarantees for jobs, plants and future investments in relation to a planned European steel tie-up with Tata Steel (TISC.NS). In an information leaflet seen by Reuters, IG Metall said management had failed to address employees' concerns about their future once the joint venture goes ahead next year. Under these circumstances we cannot approve of this joint venture," IG Metall said, adding it expected management to respond to its demands by Nov. 10.
Rating Action: Moody's changes outlook on Tata Steel and Tata Steel UK Holdings to stable from negative. Global Credit Research- 06 Nov 2017. Singapore, November 06, 2017-- Moody's Investors Service has ...
The world's 250 biggest listed companies account for a third of all man-made greenhouse gas emissions yet few have strong goals to limit rising temperatures, a study showed on Tuesday. Coal India, Gazprom and Exxon Mobil topped the list when measuring carbon dioxide emitted by companies and by consumers using their products, it said.
FRANKFURT/DUESSELDORF, Oct 25 (Reuters) - German steel distributor Kloeckner & Co sees parts of Thyssenkrupp's Materials Services unit as a good strategic fit, but has not been approached about buying some of its assets, its chief executive said. Analysts expect that Thyssenkrupp could at some point decide to sell its Materials Services business, which made 11.9 billion euros ($14 billion) of sales in its 2015/2016 fiscal year, more than twice the 5.7 billion Kloeckner generated in 2016.
Germany will make a contribution of up to 540 million euros to help finance Israel's purchase of three ThyssenKrupp submarines, or around a third of the estimated value of the deal, government spokesman ...
Tata Steel (TISC.NS) and Thyssenkrupp (TKAG.DE) have no plans to spin off their pending European steel joint venture within the next two to three years, Tata's managing director said on Monday. Markets widely expect the longer-term aim of the merger is an initial public offering that would give the two companies a way to exit the volatile European steel business, but Tata Steel ruled that out in the near term. "Definitely no IPO in the next two to three years," T.V. Narendran, Tata's managing director for India and South East Asia, told Reuters at the World Steel Association general assembly in Brussels.
Thyssenkrupp (TKAG.DE), trying to transform itself into a technology group, is attracting strong demand for its next-generation elevators, which operate without steel cables or ropes, it said on Friday. The German group is banking on MULTI as well as internet-connected elevators as it strives to become a technology conglomerate and shift away from its core steelmaking business, which it plans to merge with Tata Steel (TISC.NS). "Demand is gigantic," Andreas Schierenbeck, chief executive of Thyssenkrupp Elevator, the group's most profitable business unit, told Reuters.
Labour bosses at Germany's Thyssenkrupp (TKAG.DE) said workers' legal say in strategic decisions at the corporate level could be diluted in the planned holding structure for the new venture with India's Tata Steel (TISC.NS). Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger. In a statement published late on Thursday, the German group's works council welcomed a pledge by chief executive Heinrich Hiesinger to stand by workers' so-called co-determination rights but were sceptical about how this would play out under the joint venture's future holding structure.
FRANKFURT/DUESSELDORF (Reuters) - North Rhine-Westphalia, Germany's most populous state and home to Thyssenkrupp (TKAG.DE), said on Wednesday it was confident a deal between workers and management could be reached to push through a steel merger with Tata Steel (TISC.NS). Thyssenkrupp and India's Tata Steel last month agreed to merge their European steel operations to create a business with revenues of 15 billion euros (13.29 billion pounds), the second business steelmaker on the continent after ArcelorMittal (MT.AS). Armin Laschet, state premier of North Rhine Westphalia, said he did not think Supervisory Board Chairman Ulrich Lehner would have to use his casting vote to push through the deal, adding those involved were trying to "find a solution everyone can say yes to in the end".
German engineering and steel group Thyssenkrupp (TKAG.DE) has created a new unit for its global forging activities in a bid to cater to new industries and cut reliance on combustion engine parts, which still account for a large part of its business. The unit, forged technologies, was formed Oct. 1, the start of Thyssenkrupp's fiscal year, and has about 7,000 employees and sales of more than 1 billion euros ($1.2 billion), with 18 production sites and distribution in more than 70 countries. It is attached to Thyssenkrupp's components business division and will be managed from the group's headquarters in Essen.