Edition:
United Kingdom

Milla Nissi

Lanxess sees 2020 core profit at lower end of forecast, tough third quarter

13 Aug 2020

German specialty chemicals maker Lanxess said on Thursday its full-year core profit was likely to come at the lower end of its outlook, predicting some headwinds in the third quarter and improvement only later in the year.

UPDATE 2-Umicore warns of inventory surplus after weathering auto slump so far

31 Jul 2020

* Excess battery inventory to impact H2 (Adds share move, analyst comment, details from earnings call)

Disinfectant demand helps Lanxess beat profit forecasts, but harder virus hit coming

06 May 2020

German specialty chemicals maker Lanxess reported slightly stronger-than-expected quarterly profit on Wednesday, with firm demand for disinfectant ingredients offsetting a coronavirus-driven slump in engineering plastics.

UPDATE 2-Tank storage firm Vopak sees Q2 boost from oil market havoc

21 Apr 2020

* All terminals operational; limited virus impact so far (Updates with CFO comments, details)

Income funds sift for survivors as coronavirus cuts into dividends

01 Apr 2020

LONDON/GDANSK As companies cut dividends in response to the financial havoc caused by the coronavirus, fund managers whose portfolios rely on the payouts are sifting for those most likely to deliver a sustainable yield when the world recovers.

UPDATE 2-Umicore key division miss overshadows 2019 profit beat

07 Feb 2020

Feb 7 Shares in Belgian materials and recycling group Umicore fell as much as 4.7% on Friday after an earnings miss at one of its key divisions overshadowed a better-than-expected overall operating profit for 2019.

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