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ABB Ltd (ABBN.S)

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Thu, Jul 19 2018

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ABB presses ahead with reshaping business after profit beats forecasts

ZURICH ABB ABBN.S will consider reshaping its business further including selling some parts, Chief Executive Ulrich Spiesshofer said on Thursday, after the Swiss engineering company beat quarterly earnings forecasts.

ABB presses ahead with reshaping business after profit beats forecasts

ZURICH ABB will consider reshaping its business further including selling some parts, Chief Executive Ulrich Spiesshofer said on Thursday, after the Swiss engineering company beat quarterly earnings forecasts.ABB shares rose more than 4 percent on the Swiss bourse after the power grid and industrial robot maker posted a strong rise in orders and said it expected revenue growth to improve.Spiesshofer, who has been under pressure following ABB's sluggish growth in recent

UPDATE 2-ABB presses ahead with reshaping business after profit beats forecasts

* Shares up 4.4 percent (Rewrites, adds CEO comments, analysts, shares)

BRIEF-ABB CEO Says Confident Will See Rising Revenue Momentum Towards End Of Year

* ABB CEO SAYS CONFIDENT WILL SEE RISING REVENUE MOMENTUM TOWARDS END OF YEAR

ABB reports 30 percent rise in net profit during second quarter

ZURICH, July 19 ABB reported better-than-expected profit on Thursday despite weak sales as the Swiss engineering company warned about "rising geopolitical uncertainties" around the world.

ABB wins $150 million order for world's biggest offshore wind farm

ZURICH ABB has won orders worth more than $150 million (113.27 million pounds) from Danish energy company Orsted to supply technology to transmit wind energy from Hornsea Project Two, slated to be the world's largest offshore wind farm.

ABB wins $150 mln order for world's biggest offshore wind farm

ZURICH, July 11 ABB has won orders worth more than $150 million from Danish energy company Orsted to supply technology to transmit wind energy from Hornsea Project Two, slated to be the world's largest offshore wind farm.

ABB to acquire AB Rotech to expand automotive welding solutions

ZURICH, July 6 ABB will acquire Turkey's AB Rotech, a privately-owned company specialising in robotic welding solutions and services for the automotive industry, the Swiss engineering company said on Friday.

BRIEF-ABB Says Completes Acquisition Of GE Industrial Solutions

* SAYS COMPLETES ACQUISITION OF GE INDUSTRIAL SOLUTIONS Source text for Eikon: Further company coverage:

BRIEF-ABB wins Iraq order for Five Fixed And 15 Mobile 132 Kilovolt Substations

* HAS WON ORDERS FROM MINISTRY OF ELECTRICITY IN IRAQ TO DELIVER FIVE FIXED AND 15 MOBILE 132 KILOVOLT SUBSTATIONS Source text for Eikon: Further company coverage: (Reporting By Michael Shields)

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