MIDDAY BRIEFING – Companies and Markets -2- | news


DZ Bank more optimistic after significant profit increase in the first half of the year

The DZ Bank Group is more optimistic for the year as a whole after significant profit increases in the first half of the year. The pre-tax profit should now “noticeably exceed 2 billion euros” in 2021, announced the central institute of the Volks- und Raiffeisenbanken. At the beginning of the year, the cooperative banking group still expected a result “slightly below the previous year’s level” of 1.46 billion euros.

Encavis is converting hybrid bonds early

The Dutch Encavis subsidiary Encavis Finance BV intends to convert two convertible bonds issued in 2017 and 2019 into shares early. The board of directors and management of Encavis Finance BV would have decided, with the consent of the Encavis supervisory board, of their contractual right to premature conversion of the Bonds To make use of it.

Immofinanz increases the dividend proposal for the 2020 financial year to EUR 0.75

The Austrian real estate group Immofinanz has raised its dividend proposal for the 2020 financial year by 20 cents to 0.75 euros. The company did not disclose a reason for the increase.

Knaus Tabbert wants to invest – target of 2 billion sales by 2025

The motorhome manufacturer Knaus Tabbert wants to significantly expand its production capacities in view of the high demand. In addition, Knaus Tabbert AG is setting itself ambitious goals for growth and operating profit by 2025: by then, sales are expected to rise to 2 billion euros. To secure the supply chains and material supply, a broader supplier structure for core components is to be increasingly relied on in the future.

Some United 777 jets may be on the ground by early 2022

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United Airlines will have to leave dozens of similar aircraft on the ground over the US state of Colorado due to stricter safety requirements in connection with the loss of an engine cover for a Boeing 777 by the beginning of next year. As several people familiar with the matter reported, the US aviation authorities are examining additional safety requirements for those jets, large-space Boeing 777 aircraft with Pratt & Whitney engines, before allowing them to carry passengers again.


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DJG / cln

(END) Dow Jones Newswires

August 30, 2021 06:56 ET (10:56 GMT)


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