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French and Benelux stocks-Factors to enjoy
Below are companyrelated news and stories from France and Benelux which might have an impact on the area's markets or private stocks. GAMBLING ESTABLISHMENT: French merchant Gambling establishment on Thursday reported 9-month group changed EBITDA at 402 million euros. It said it will provide its 2028 tactical plan on November 14th and that the number of task cuts expected should be at upper end of range at first announced. EIFFAGE, GETLINK: French building and renewables company Eiffage on Thursday said it now held 20.55% of Getlink's share capital SES, EUTELSAT COMMUNICATIONS: Spacerise, consortium made of satellites business SES, Eutelsat and Hispasat, was picked on Thursday by the European Commission to construct and operate Iris ² multi-orbit satellite constellation. UNIVERSAL MUSIC GROUP: Music label Universal Music Group on Thursday published third-quarter EBITDA at 556 million euros. It likewise said it was starting searching for a brand-new Chief Financial Officer as Boyd Muir was promoted to Chief Operating Officer Pan-European market data: European Equities speed guide ... ... ... ... FTSE Eurotop 300 index ... ... ... ... ... ... DJ STOXX index ... ... ... ... ... ... ... ... Top 10 STOXX sectors ... ... ... ...... Leading 10 EUROSTOXX sectors ... ......... Leading 10 Eurotop 300 sectors ... ... ...... Leading 25 European pct gainers ... ... ... ... ... Top 25 European pct losers ... ... ... ... ... Main stock exchange: Dow Jones ... ... ... Wall Street report ... Nikkei 225... ... ... Tokyo report ... ... FTSE 100 ... ... ... London report ...... Xetra DAX ... ... ... Frankfurt products ... ... CAC-40 ... ...... Paris products ...... World Indices ... ... ... ... ... ...... Reuters survey of world bourse outlook ... ... European Asset Allocation ... ... ... ... ... Reuters News at a look: Top News ... ... ... Equities ... ... ... Main oil report ...... Main currency report ...
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Sinopec says it has protected 10% more gas for winter than a year earlier
China's Sinopec Corp has secured gas products for the winter heating season at levels 9.7% greater than a year earlier by stepping up domestic production and spot freight imports, it said on Friday. The state oil and gas significant is raising output to record levels at essential domestic fields such as Puguang and Yuanba, both in the southwestern Sichuan basin, by accelerating drilling new wells in addition to detaining declines at ageing ones, the business stated in a declaration. Yuanba field alone, for example, currently pumps 13% above year-ago rates, Sinopec said, without providing a straight-out production figure. On imports, the company stated it proactively secured spot imports of melted gas (LNG) - super-chilled gas shipped in specialized tankers - and enhanced delivery schedules of LNG deliveries under long-lasting agreements. Sinopec also aims to raise LNG stock levels at key receiving and re-gasification terminals such as Qingdao and Tianjin to above 80% of their tank area ahead of the winter heating season, while raising storage at underground caverns at record rates, the firm stated. North China's winter heating season generally stretches in between mid-November through mid-March. China's gas need has enjoyed healthy development up until now this year thanks to robust domestic production and greater LNG imports helped by lower getting expenses. Evident gas demand rose 9.9% on the year to 318.4 billion cubic meters, the National Development and Reform Commission has stated.
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Firecracker ban defiance makes New Delhi the world's most contaminated city
New Delhi topped charts on Friday as the world's most contaminated city after revellers defying a ban on firecrackers to commemorate Diwali, the Hindu festival of lights, helped drive air quality to hazardous levels. Thick smog wreathed the Indian capital, shrouding the presidential palace in the main district and the surrounding gardens popular with joggers and bicyclists, after Thursday's. events. The air quality index stood at 348, said Swiss firm IQ Air,. taking contamination into the hazardous classification, pushing Delhi to. the top of a real-time list as the world's most polluted city. City government authorities have actually banned use of firecrackers. during Diwali and the winter season over the last couple of years, in line. with Supreme Court instructions, however have had problem enforcing. the step in spite of the risk of jail. Some Hindu groups say the restriction disrupts observance of. the festival, a position the Delhi government has formerly. countered by saying the restriction intends to save lives. Friday's smog also accompanied waste burning on farms in. northern India that exacerbates air quality at the start of. winter season each year as cold, heavy air traps contaminants from a. variety of sources.
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Taiwan cleans up as residue of Hurricane Kong-rey brushes Chinese coast
Taiwan cleaned up and offices and financial markets resumed on Friday after the powerful Typhoon Kongrey swept through the island triggering two deaths and snarling transportation, as the remnant of the storm brushed the Chinese coast. Kong-rey slammed into Taiwan's mountainous and sparsely inhabited east coast on Thursday afternoon, the biggest storm by size to hit the island in almost 30 years, then worked its method throughout central Taiwan before entering the Taiwan Strait and moving north. The fire department put the death toll at two - one whose truck was hit by a falling tree in central Taiwan, and another in Taipei who was struck by an electrical energy pole. It likewise reported 515 injuries. Employees in Taipei slowly removed fallen trees which snarled traffic, delaying the arrival of some ministers for a. parliament session. In the Taroko National Park in Hualien county, rescuers flew. to safety in a helicopter 2 Czech hikers who had been trapped. by the typhoon. Flight interruptions continued Friday, with 57. worldwide flights cancelled in addition to 135 domestic ones,. though the north-south high speed rail link resumed regular. operations. Even after losing power as it passed through Taiwan, Kong-rey. remained a serious tropical storm as it got in the Taiwan. Strait, bringing strong winds and heavy rainfall to the coastal. Chinese province of Fujian. Kong-rey will likely not make landfall in China however is. expected to quickly swing back into the open sea later on Friday. towards Japan.
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Vopak expects tidy energy financial investments to speed up towards 2030, CEO says
Global tank storage operator Vopak has devoted just a fraction of the $1. billion it assigned for energy transition tasks by 2030 however. anticipates financial investments to speed up towards completion of the years,. CEO Cock Richelle said. The company has actually invested a bit less than $100 million on the. jobs in the two years given that it made the costs pledge,. Richelle told Reuters in an interview. Although developments have decreased, we still see that. it kind of moved away from a huge hype and dream to a lot more. realism in constructing these new supply chains going forward, he. stated. Some of the elements that have actually slowed projects include a lack. of federal government mandates and rewards, greater production costs. for alternative fuels and increasing construction capital. expenditure, he included. For example, Norway's Equinor scrapped strategies to. export hydrogen to Germany since it is too costly and there. is inadequate need and Repsol put on hold hydrogen. tasks in Spain due to an unfavourable regulatory environment. You require all of those celebrations at the exact same time to hold. hands and essentially leap to make certain that you can establish a. entire supply chain, Richelle stated. I think that has actually been sluggish merely because of the reality that. it's either unclear what reward you're going to get at. production, or it's unclear what the mandate is and where you. wish to sell your product, or the incentive over there in order. to import the product. Looking ahead, Vopak is focusing on infrastructure tasks. in 4 areas of energy shift: biofuels and feedstocks such. as sustainable air travel fuel and sustainable diesel; hydrogen and. hydrogen providers such as ammonia; carbon dioxide (CO2) value. and supply chains; and battery storage. Vopak plans to catch a bigger share of the biofuels market. by transforming existing tank for bio-bunker fuel. mixing in Rotterdam and Singapore, and in the use of biofuels. as basic material for fuel and petrochemical production in India,. Brazil and Los Angeles, Richelle stated. For ammonia, Vopak is targeting big production centres such. as the Middle East and the U.S., and end-markets like Antwerp,. Rotterdam, Singapore and South Korea where it operates. terminals, he added. The business stated in July it had opened an. workplace in Japan to check out chances there. Vopak likewise has a strong existence in China, a competitive. manufacturer of green methanol, where it can assist in the. production and distribution of the alternative fuel, Richelle. said. In carbon storage, the company is working on a task in. Rotterdam and has a preliminary agreement with Australia's Northern. Area to develop a CO2 import terminal. Vopak is likewise making early steps in battery storage. investments, having actually revealed a job in Texas previously this. year, Richelle said. We see that there's potentially a crucial role for Vopak. to play as the world moves from the storage of particles to. electrons, he stated.
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Death toll increases to 3 in Russian strike on high-rise house in Ukraine's Kharkiv
Rescue teams finished healing operations on Thursday at a. high-rise residence in the northeastern Ukrainian city of. Kharkiv struck by a Russian-guided bomb, with emergency services. stating the death toll had actually risen to 3. Emergency situation services stated children aged 12 and 15 were. amongst the dead in the Wednesday night strike, and thirty-six. individuals were injured. Kharkiv region Guv Oleh Syniehubov earlier stated that. among the kids had actually been pulled from under debris with head. wounds and fractures, but medics were unable to save him. Writing on the Telegram messaging app, Syniehubov stated the. strike had actually triggered a fire and destroyed most of one entrance,. making a substantial hole in the building. Reuters Tv video showed rescue groups picking their. way through twisted piles of concrete and other building. products to draw out the hurt and rush them into. ambulances. Firemens on long hoists dealt with smoke billowing. from shattered homes. Kharkiv remained in Ukrainian hands through the initial. failed advance of Russian forces on the capital Kyiv in the. early days of the February 2022 intrusion. It has actually since become a. regular target of Russian air attacks. President Volodymyr Zelenskiy said the attack highlighted. the need for more military aid from Ukraine's Western allies. On Thursday, Syniehubov said guided bombs hit 2 locations. outside the city, striking a service website. Three individuals were. treated for intense tension. Russian drones struck areas of Poltava area, further. west, damaging private homes, regional Guv Filip Pronin. stated on Telegram. Two people were rescued from a burning. building. A rocket strike on a station house in the Black Sea port. of Odesa injured 2 firemens, the regional governor said.
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German lawyers ask court to obstruct ship supposedly carrying explosives to Israeli business
Human rights attorneys have filed a court appeal in Berlin seeking to block a 150metricton delivery of militarygrade explosives aboard German freight ship MV Kathrin which they say is to be delivered to Israel's biggest defence contractor. The European Legal Assistance Center stated on Wednesday the action was filed on behalf of 3 Palestinians from Gaza, arguing that the shipment of primarily RDX dynamites might be used in munitions for Israel's war in Gaza, possibly adding to alleged war criminal activities and criminal activities versus humanity. Israel denies accusations that it has committed war crimes in the Gaza Strip, stating its forces follow international humanitarian law while combating Palestinian militants who operate in densely inhabited civilian locations. German-based Lubeca Marine, which owns the MV Kathrin, said the ship was never set up to make any port calls in Israel and had actually recently discharged its cargo, originally destined for Bar, Montenegro, without revealing where the discharge took location. The business decreased to disclose information of the cargo for contractual reasons, however said it complied fully with all worldwide and EU policies, guaranteeing essential licenses are gotten before any operations. The ELSC said the RDX delivery was destined for Israeli Military Industries, a division of Elbit Systems, Israel's largest defence specialist. Elbit Systems declined to remark. We never declared that the Kathrin was bound for Israel ( itself), it's the freight which is bound for Elbit Systems, ELSC lawyer Ahmed Abed told Reuters relating to the group's appeal submitted at Berlin's Administrative Court. The company neglected all the cautions. LSEG information and vessel-tracking website Marine Traffic showed that the MV Kathrin had docked in the major Egyptian Mediterranean port of Alexandria on Monday and was last seen there. According to the port of Alexandria's website, the ship, which it determined as German, unloaded military devices in Alexandria and was set to leave on Nov. 5. Egypt's army denied in a statement reports of assisting Israeli military operations, stating that there isn't any kind of cooperation with Israel. The Egyptian ministry of transport likewise said late on Thursday that the ship docked in Alexandria to discharge a delivery for Egypt's ministry of military production, adding that the ship submitted a main demand to leave to Turkey. The MV Kathrin has been denied entry at several African and Mediterranean ports, consisting of in Angola, Slovenia, Montenegro and Malta, according to the ELSC. It stated Portuguese authorities just recently needed the ship to switch from a Portuguese flag to a. German flag before it might continue. In August, Namibian authorities blocked the vessel, which. departed from Vietnam's port of Haiphong, from entering its main. harbour, Amnesty International has reported. Germany's economy ministry, called in the case due to the fact that the. ship is German-owned and flagged, said it had received letters. from legal representatives on the matter but declined to discuss them. The ministry stated the MV Kathrin shipment did not constitute. an export from Germany, as the explosives were neither filled. nor dispatched from German area. It stated there was no legal. basis for requiring an export licence under German law.
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Port of Montreal workers at 2 terminals start new strike, company group says
Unionized employees started a limitless strike at two terminals of the port of Montreal on Thursday amid stalled talks on a new labor contract, the employers' association said. The strike affects 2 terminals run by Termont, which handle about 40% of the port's container traffic however just about 15% of the port's overall volumes. In a statement, the Maritime Employers Association got in touch with federal Labour Minister Steven MacKinnon to intervene to bring celebrations back to the negotiating table. The unpredictability caused by this long hold-up and the reoccurrence of labor disagreements are impacting the Quebec and Canadian economies, and Canada's reputation as a reliable and resilient trading partner, stated the Maritime Employers Association when the strike commenced on Thursday. Commodities like Western Canadian pulse crops are considerable users of the terminals. The union has stated that it has focused actions on Termont due to the fact that of employer-specific grievances. Termont is targeted due to the fact that it is the only company at the Port of Montreal to modify schedules in a punitive way, Canadian Union of Public Worker 375, which represents the longshore employees, said on Oct. 28. Federal Labour Minister Steven MacKinnon stated the federal government stayed ready to aid with mediation. Celebrations should discover a process resulting in a worked out arrangement as quickly as possible. Federal arbitrators and Minister MacKinnon remain offered to assist them, and we continue to monitor the scenario closely, MacKinnon stated in a statement. The employer's association formerly requested for federal intervention.
Hubbell raises yearly profit forecast on strong need for power grid devices
Electrical equipment maker Hubbell on Thursday raised its 2024 adjusted revenue forecast anticipating strong demand for its gadgets utilized in power grids.
The Connecticut-based business now anticipates full-year changed earnings to be between $16.35 and $16.55 per share, above its earlier expectations of in between $16.20 and $16.50 per share.
Hubbell has actually taken advantage of the ongoing U.S. power grid upgrades, which has improved demand for its products such as insulators and arresters that help prevent outages and safeguard transmission lines from lightning strikes.
The U.S. federal government has actually been working to overhaul the country's electric transmission system, which is under pressure from severe weather conditions and a growing variety of power-hungry data centers.
In the 3rd quarter, Hubbell's sales from the utility sector, which made up 61% of its overall revenue in 2023, increased 11% from a year earlier.
Performance in the quarter was led by strength in data center and renewables verticals, Hubbell CEO Gerben Bakker stated.
However, sales in the electrical segment, that makes electrical wiring and light, were down about 5%.
Hubbell reported an adjusted profit of $4.49 per share for the quarter, compared with experts' average quotes of $4.45. per share, according to information put together by LSEG.
Its income rose about 5% to $1.44 billion, compared with. estimates of $1.48 billion.
(source: Reuters)