Dpa-AFX review: COMPANY from 06/13/2022 – 15.15 | News

Chemistry retailer Brenntag grows more optimistic and raises its outlook for 2022.

ESSEN – After a good start to the year, the chemicals trading company Brenntag (Brenntag SE) is still on the way to success and is raising its outlook. Due to the positive trend in earnings so far, the management of the Essen-based company now expects a profit before interest, taxes, depreciation and amortization of between 1.75 and 1.85 billion euros, adjusted for special effects, like the company unexpectedly announced on Monday. To date, the Dax group (DAX 40) has announced an operating result of between 1.45 and 1.55 billion euros. The forecast takes into account the expected increases in efficiency from the current savings program and the effects of purchases already made. In the meantime, the share grew by more than 6%, recently on a very weak market it continued to grow by 3%.

Tesla announces a three-to-one stock split

AUSTIN – Along with US electric car maker Tesla, another major US company announced a stock split to make its shares cheaper for small investors. The company of a tech billionaire Elon Musk announced on Friday after the US market close that its board of directors would agree to the three-to-one split if it is approved by shareholders at the upcoming AGM. Tesla announced in March that it was planning a split. But it was not clear in what proportion.

“FT”: CS is under the supervision of the UK Financial Services Authority

ZRICH – According to media reports, Credit Suisse (Credit Suisse (CS)) has been on the watch list of the British financial regulator FCA in the UK. As reported on Sunday in the Financial Times, FCA expressed concern that a large bank had not sufficiently improved its corporate culture, management and risk control, citing the authority’s letter in May. About twenty of the approximately 60,000 institutions it supervises are on the FCA’s watch list. This indicates that the authority has serious concerns about Credit Suisse, writes “FT” for someone familiar with the meaning of the list.

Qatar takes over a full stake in the new LNG project

PARIS / DOHA – Qatar has awarded the French energy group TotalEnergies a 25% stake in a new liquefied natural gas project with which the Arab country hopes to significantly increase its liquefied natural gas (LNG) export capacity. Totalenergies announced on Sunday that the joint venture with state-owned QatarEnergy will produce a quarter of North Field East (NFE). The volume of LPG exports is expected to increase from 77 to 110 million tonnes annually by 2027.

Deutsche Bank announces the end of negative interest rates for individual customers

FRANKFURT – Bank customers in Germany can count on the end of negative interest rates on overnight and overnight accounts as part of the interest rate hike announced by the European Central Bank (ECB) for July. “The amount of the deposit fee is based on the so-called deposit at the end of the day of the European Central Bank. If the ECB raises the end-of-day deposit rate by 0.25 percentage points in line with the last announcement in July, Deutsche Bank and Postbank will pass this adjustment to their private customers and the short-term custody fee will increase by 0.25 percentage points, it said on Monday spokesman for the largest German financial institution.

ING expects earnings to increase in the next few years

AMSTERDAM – The leading Dutch bank, ING (ING Group), expects higher income in the face of rising interest rates in the coming years. The parent company of a German direct bank of the same name announced on Monday in Amsterdam that total income should increase by an average of three percent per year between 2022 and 2025. The fee income is even expected to increase by five to ten percent per year. Meanwhile, the bank wants to further cut costs for the euro earned.

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Additional reports

– Several days in July without gas via Nord Stream 1 due to maintenance work

-Co-founder Sahin: Biontech will also be an independent company in the future

Industrial Steel Strike: Thousands on Warning Strike – Voting in Sight?

-Habeck on the future of the refinery: I want to do “Schwedt to Leuna”

The Ministry of Economy counters criticism of the embargo by Brandenburg

-BASF confirms the purpose of selling new agricultural products

-Fracturing experts in gas production in Germany

-ROUNDUP / Survey: Every third office worker in Germany has to return to the office

-Director Deutschlandradio: The switch from FM to DAB + is becoming more and more important

-l-Embargo: Left calls for a “guarantee plan” for the GDR

-FDP demands greater use of federal police in airports

The Farmers’ Association calls for a uniform European minimum wage

-Association of gas stations: High fuel prices due to high purchase costs

-The situation at the airports is not expected to improve quickly

-Young used cars are sometimes just as expensive as new cars

– Frankfurt waste disposal company FES also hit by hackers

– Haaland to Man City switch perfect: contract until 2027

Media: Dortmund interested in David Raum Hoffenheim

Customer Note:

SUMMARY: You are reading the summary in the company’s review. There are several reports of this on the dpa-AFX news site.

/ jha

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