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German stocks - Factors to watch on November 27
November 27, 2017 / 6:13 AM / 17 days ago

German stocks - Factors to watch on November 27

FRANKFURT, Nov 27 (Reuters) - The following are some of the factors that may move German stocks on Monday:

ALLIANZ

The insurer is eyeing further acquisitions to expand its asset management business, the head of Allianz Global Investors, Andreas Utermann, told Welt am Sonntag weekly.

CARMAKERS

The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in production of electric vehicles, a raw materials expert at industry association BDI was quoted as saying in Sunday paper Welt am Sonntag.

Separately, BMW plans to raise its spending on research and development to 6.5 to 7 percent of sales in 2018, compared with its target of 5.5 percent, finance chief Nicolas Peter told Handelsblatt daily, adding R&D spending would remain high in 2019.

Also, cooperation of Volkswagen’s luxury brands Porsche, Bentley and Bugatti is going better than expected, with synergies exceeding a target of 100 million euros a year by more than half, Porsche CEO Oliver Blume told Automobilwoche.

E.ON, UNIPER

E.ON Chairman Karl-Ludwig Kley backed CEO Johannes Teyssen’s plan to sell the group’s 47 percent stake in Uniper to Fortum , saying in a Handelsblatt interview: “Of course there are alternatives... But this is the best solution. We intensively looked at that on the supervisory board.”

LINDE

The industrial gases group said late on Friday it had received approval from 90 percent of its shareholders for its planned $80 billion tie-up with Praxair.

THYSSENKRUPP

The engineering group’s managers and labour leaders have struck a conciliatory tone as they seek to resolve a dispute over job cuts resulting from a planned merger of its steel operations with those of India’s Tata Steel.

COMMERZBANK

Swiss bank UBS has formed a team to look into strategic options such as buying parts of Commerzbank, Neue Zuercher Zeitung am Sonntag cited a source as saying.

LUFTHANSA

The national carrier rebuffed accusations of unduly hiking fares after the collapse of smaller rival Air Berlin.

AIRBUS

Airbus has provisionally tapped the head of Rolls-Royce’s civil engines unit, Eric Schulz, to head its commercial jetliner sales, resolving months of uncertainty over who would succeed soon-to-retire John Leahy in one of the industry’s most high-profile posts, three people familiar with the matter said.

AROUNDTOWN

The group reported nine-month financial results, with FFO I up by 80 percent compared with the year-earlier period.

DELIVERY HERO

Q3 results due.

STABILUS

The group published fourth-quarter financial results and announced new longer-term targets through 2025.

ANNUAL GENERAL MEETINGS

BVB - 0.06 eur/shr dividend proposed

ANALYSTS’ VIEWS

SCOUT24 - Jefferies assumes coverage with “buy” rating, 40.20 euros price target

OVERSEAS STOCK MARKETS

Dow Jones +0.1 pct, S&P 500 +0.2 pct, Nasdaq +0.3 pct at close.

Nikkei -0.2 pct, Shanghai stocks -0.9 pct.

Time: 6.27 GMT.

GERMAN ECONOMIC DATA

No economic data scheduled.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Douglas Busvine, Ludwig Burger and Maria Sheahan)

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