Edition:
United Kingdom

Christoph Steitz

Uniper signals little progress with Fortum on M&A deadlock

22 May 2019

DUESSELDORF, Germany/FRANKFURT Uniper signaled on Wednesday little prospect of a rapid breakthrough in talks with top investor Fortum that might lead to a full takeover of the German utility.

Fortum makes progress in talks to resolve Uniper standoff

21 May 2019

FRANKFURT Fortum on Tuesday made progress in talks over cooperation with energy group Uniper, of which it owns 49.99%, shortly after activist funds stepped back from increasing pressure on the Finnish utility to seek full control.

RPT-INSIGHT-Turmoil at Thyssenkrupp marks battle for Germany's economic identity

20 May 2019

By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze

Turmoil at Thyssenkrupp marks battle for Germany's economic identity

17 May 2019

By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze

Exclusive: Kone looks at options for potential Thyssenkrupp elevator deal - sources

15 May 2019

FRANKFURT/DUESSELDORF Finland's Kone is assessing the viability of a bid for Thyssenkrupp's 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it, four people familiar with the matter said.

Thyssenkrupp's elevator unit posts margin drop ahead of IPO

14 May 2019

FRANKFURT/DUESSELDORF, Germany Thyssenkrupp's elevator business, the conglomerate's crown jewel that it plans to list, saw operating margins fall in the second quarter due to higher material costs that also hit Swiss rival Schindler.

British retail energy woes weigh on E.ON, Centrica

13 May 2019

FRANKFURT/LONDON E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits.

Ailing Thyssenkrupp drops split plan in favour of elevators float

10 May 2019

FRANKFURT Germany's Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal.

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