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British Business - Oct 3

PRESS DIGEST-British Business - Oct 3 Oct 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Starling Bank has been fined 29 million pounds ($38.4 million) by the City regulator for "shockingly lax" controls that left the financial system "wide open to criminals and those subject to sanctions".
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Siemens Closes Sale Of Innomotics To KPS Capital Partners

BRIEF-Siemens Closes Sale Of Innomotics To KPS Capital Partners Oct 1 (Reuters) - Siemens AG SIEGn.DE : CLOSES SALE OF INNOMOTICS TO KPS CAPITAL PARTNERS ENTERPRISE VALUE EUR 3.5 BILLION Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives

BRIEF-Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives Sept 30 (Reuters) - Siemens AG SIEGn.DE : SIEMENS AG - SIEMENS MOBILITY AND BEACON SIGN MAJOR FRAMEWORK CONTRACT FOR PURCHASE OF VECTRON LOCOMOTIVES SIEMENS AG - INITIAL ORDER FOR 25 VECTRON MS UNITS FOR CONTINENTAL EUROPE Source text for Eikon: [ID:] Further compan
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Siemens CFO expects full-year sales growth below forecasts

UPDATE 1-Siemens CFO expects full-year sales growth below forecasts Adds further executive comment from paragraph 6, background ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post lower-than-expected full-year sales growth, its Chief Financial Officer Ralf Thomas said in an interview published on Friday, although profits will not be harmed and its dividend could rise.
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Siemens sales growth likely to be below guidance, CFO tells paper

Siemens sales growth likely to be below guidance, CFO tells paper ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post weaker-than-expected full year sales growth, Chief Financial Office Ralf Thomas said in an interview published on Friday, although profits will not be harmed and the dividend could rise. "In terms of sales growth, the trend is not towards 4%, but towards 3%," Thomas told German newspaper Boersen-Zeitung.
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Burberry, Experian, GEA Group

EUROPE RESEARCH ROUNDUP- Burberry, Experian, GEA Group Sept 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Burberry, Experian and GEA Group, on Thursday. HIGHLIGHTS * Burberry BRBY.L : RBC cuts target price to 650p from 800p * Experian EXPN.L : RBC raises to sector perform from underperform * FACC AG FACC.VI : Kepler Cheuvreux raises to buy from hold * GEA Group AG G1AG.DE : Morgan Stanley raises to overweight from equal-weight
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Siemens Energy extends CEO contract as recovery continues

UPDATE 1-Siemens Energy extends CEO contract as recovery continues Recasts, adds details from paragraph 2, adds photos of Bruch Sept 25 (Reuters) - Siemens Energy ENR1n.DE said on Wednesday it has extended the contract of CEO Christian Bruch for a further five years, t he latest sign that the power equipment supplier has turned a corner following a major crisis at its wind turbine business.
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US business equipment borrowings fall 10% Y/Y in August, ELFA says

US business equipment borrowings fall 10% Y/Y in August, ELFA says Sept 24 (Reuters) - U.S. companies borrowed 10% less to finance equipment investments in August compared with the year-ago period, the Equipment Leasing and Finance Association (ELFA) said on Tuesday . New loans, leases and lines of credit signed up by companies in August were also down 17% from $11.1 billion a month earlier.
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Suez, Siemens and Abu Dhabi National Energy Company join up in desalination initiative

Suez, Siemens and Abu Dhabi National Energy Company join up in desalination initiative Sept 24 (Reuters) - French utility company Suez, German company Siemens SIEGn.DE and Abu Dhabi National Energy Company TAQA.AD have signed a memorandum of understanding (MoU) to participate in a desalination initiative to help emerging market countries. WHY IT MATTERS: Global warming and droughts have put pressure on the amount of drinking water supplies around the world.
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Auto File: Giorgia says it out loud

Auto File: Giorgia says it out loud Sept 24 - By Nick Carey , European Autos Correspondent Greetings from London! Another week, another reminder of how hard it is to scale up in the world of electric cars, especially if you’re trying to chase decades of Asian investment in and dominance of battery making. In a fresh announcement, Northvolt cut about a fifth of its workforce and dropped plans to massively expand a factory in Sweden, just two weeks after saying it was giving up on cathode active
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Ina Invest and Siemens; updates CMA CGM Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: * * Swiss real estate company Ina Invest INAI.S is considering a merger with its peer Cham Group and if talks succeed, shareholders of both firms will be able to vote on the plan in the spring of 2025, they said.
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Siemens to carve out EV charging business

UPDATE 3-Siemens to carve out EV charging business Adds further comment from Siemens in paragraphs 9-10, 13 By Marleen Kaesebier and Miranda Murray BERLIN, Sept 23 (Reuters) - Siemens SIEGn.DE plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, as it looks to grow in the rapidly evolving industry, the German conglomerate said on Monday.
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Siemens to carve out EV charging business

Siemens to carve out EV charging business BERLIN, Sept 23 (Reuters) - Siemens SIEGn.DE plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opportunities for more growth, the German conglomerate said on Monday. The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens.
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Europe in no hurry to loosen antitrust stance

ANALYSIS-Europe in no hurry to loosen antitrust stance Looser antitrust stance would face resistance Draghi report offers fresh ideas, still pro-competition Vestager set to hand over reins to successor By Mark John, Foo Yun Chee Sept 16 (Reuters) - Mario Draghi's call last week for a revamp of Europe's tough pro-competition policy rules prompted much speculation that the EU's next antitrust chief may take a lighter-touch approach to mergers that could yield European industrial "champions".
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Merck Signs Mou With Siemens To Drive Digital Transformation

BRIEF-Merck Signs Mou With Siemens To Drive Digital Transformation Sept 16 (Reuters) - MERCK KGAA MRCG.DE : SIGNS MOU WITH SIEMENS TO DRIVE DIGITAL TRANSFORMATION THROUGH PROJECTS ACROSS ALL THREE BUSINESS SECTORS SIEMENS NAMED ONE OF THE GLOBAL PREFERRED SUPPLIERS FOR MERCK'S NEXT-LEVEL AUTOMATION Further company coverage: MRCG.DE (Gdansk Newsroom
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Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows

BUZZ-Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows Adds chart, no changes to text ** Jefferies reduces weighta ge of Reliance Industries RELI.NS and Amber Enterprises AMBE.NS , increases HDFC Bank ** Brokerage replaces Larsen & Toubro LART.NS with Siemens SIEM.NS in its India model portfolio; adds Emcure Pharma E
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Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows

BUZZ-Jefferies cautious on Indian markets due to 'unsustainably high' domestic inflows ** Jefferies reduces weight on Reliance Industries RELI.NS , Amber Enterprises AMBE.NS and replaces Larsen & Toubro LART.NS with Siemens SIEM.NS in its India model portfolio ** Adds Emcure Pharma EMCU.NS and Interglobe Aviation INGL.NS in India portfolio, increas
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Siemens Awarded Framework Agreement By E.ON To Supply Charging Systems And Services

BRIEF-Siemens Awarded Framework Agreement By E.ON To Supply Charging Systems And Services Sept 16 (Reuters) - SIEMENS AG SIEGn.DE : AWARDED FRAMEWORK AGREEMENT BY E.ON TO SUPPLY CHARGING SYSTEMS AND SERVICES TO DECARBONIZE ROAD TRANSPORT ACROSS EUROPE CONTRACT COVERS A TWO-YEAR TIMEFRAME Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Struggling Northvolt stokes fear for Europe's battery future

FOCUS-Struggling Northvolt stokes fear for Europe's battery future Northvolt's troubles trigger doubts about its ability to produce enough batteries for Europe Northvolt to buy cathode active materials from Asian suppliers, source says Delivery issues triggered BMW contract cancellation, sources says Northvolt's struggles raise questions about future gigafactories and joint ventures, industry analysts say By Marie Mannes STOCKHOLM, Sept 13 (Reuters) - Northvolt's shock decision this week to shri
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