FRANKFURT (Reuters) – Heliocentris Fuel Cells, a German expert for clean energy storage, sees higher sales next year as it hopes to benefit from support programmes around the world, its chief financial officer told Reuters.
“Next year, we want to grow regarding revenues as we expect the market for clean energy storage to pick up further,” Andras Gosztonyi said in an interview on Tuesday.
FRANKFURT (Reuters) – European shares fell further on Friday, a day after posting their biggest one-day drop in seven months, as concerns about contagion from Dubai’s debt crisis curbed investors’ appetite for riskier assets.
By 0922 GMT, the FTSEurofirst 3000 was down 0.3 percent at 984.99 points but trimmed earlier losses, having been down as much as 1.7 percent.
FRANKFURT, Nov 25 (Reuters) – European shares rose from the
outset on Wednesday as a revised U.S. growth forecast for 2010
by the Federal Reserve boosted optimism about an economic
recovery, with commodity stocks among the top gainers.
At 0906 GMT, the FTSEurofirst 300 <.FTEU3> index of top
European shares was up 0.6 percent at 1,022.29 points. The
benchmark has gained about 58 percent from its lifetime low of
March 9 and is up 23 percent year-to-date.
FRANKFURT/BARCELONA, Nov 19 (Reuters) – Upbeat talk from two
of Europe’s top chip makers about joining the global sector
recovery drew a cool response from share traders who saw their
performance lagging stronger rivals.
“Despite Infineon beating consensus estimates, we expected
better numbers for the fourth quarter, as well as a more
optimistic outlook for the running quarter, following bullish
statements from competitors,” Sal Oppenheim analyst Juergen
Wagner wrote, keeping a “reduce” rating for the stock.
FRANKFURT, Nov 19 (Reuters) – European shares were down on
Thursday, set to fall for a third consecutive session, as
banking stocks weighed, while food producers also fell after
Danone <DANO.PA> cut its sales growth target.
By 1101 GMT, the pan-European FTSEurofirst 300 <.FTEU3>
index was down 0.3 percent at 1,024.29 points. The index, which
is up 23 percent in 2009, has surged 59 percent since reaching a
record low in early March.
FRANKFURT, Nov 19 (Reuters) – German group Infineon
<IFXGn.DE> is bullish for its fiscal 2010, saying sales could
grow by more than 10 percent as chipmakers worldwide recover
from a prolonged downturn.
The forecast came as the company said cost cuts had helped
it report fourth-quarter results above market expectations.
“Assuming a stabilising or growing world economy, currently
high demand and order levels lead Infineon to expect sales
growth of 10 percent or more for the 2010 fiscal year at an
assumed U.S. dollar/euro exchange rate of 1.50,” it said on
FRANKFURT, Nov 18 (Reuters) – European shares closed lower
on Wednesday, dropping for a second consecutive day, as higher
mining stocks failed to offset weak U.S. macroeconomic data that
showed an unexpected fall in housing starts in October.
The FTSEurofirst 300 <.FTEU3> index of top European shares
ended down 0.3 percent at 1,027.16 points, having hit a fresh
13-month high earlier in the trading session.
FRANKFURT (Reuters) – Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors <GM.UL> has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said.
“GM Chairman (Ed) Whitacre has said that his company can handle Opel, so this means that agreements and pledges that were based on other concepts are moot,” Bruederle told reporters on the sidelines of a financial industry conference on Monday.
FRANKFURT, Nov 13 (Reuters) – European shares advanced for a
third day on Friday, as news that British Airways <BAY.L> and
Iberia <IBLA.MC> are set to merge offset data showing German and
French third-quarter GDP growth came in below expectations.
By 0930 GMT, the FTSEurofirst 300 <.FTEU3> index of top
European shares was up 0.2 percent at 1,017.12 points after
hitting a three-week closing high in the previous session.
FRANKFURT/MADRID (Reuters) – European renewable companies posted moderate to sharp declines in quarterly results but sounded more upbeat for 2010, as costs cuts and an expected pickup in demand help lift profits after a year of turmoil.
Three of Germany’s top solar energy companies said they expected to either return to or grow profits next year following a year of weak economic demand, reduced government subsidies and bruising price competition from low-cost Asian rivals.