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AkzoNobel

News

Reuters - 1 day ago

AkzoNobel edges up on portfolio review plan in South Asia

BUZZ-AkzoNobel edges up on portfolio review plan in South Asia ** Shares in AkzoNobel AKZO.AS rise 2.8% to the top of Amsterdam's blue-chip index .AEX after the Dulux paint maker announced plans to review its South Asia portfolio ** The review will explore partnerships, joint ventures, mergers or divestitures ** "Akzo's management is adding another
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Reuters - 1 day ago

Dulux paint maker AkzoNobel to review options for its portfolio in South Asia

Dulux paint maker AkzoNobel to review options for its portfolio in South Asia Oct 4 (Reuters) - AkzoNobel AKZO.AS will review its business portfolio in South Asia, with the initial focus on decorative paints, the Dulux paint maker said late on Thursday, as it continues its efforts to cut costs and boost its core coatings business. Through the business review in the region, which the Dutch company called "ripe for consolidation", it will explore options like partnerships, joint ventures, mergers
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Reuters - 1 day ago

AkzoNobel Announces Portfolio Review In South Asia

BRIEF-AkzoNobel Announces Portfolio Review In South Asia Oct 4 (Reuters) - AkzoNobel NV AKZO.AS : SAID ON THURSDAY TO BEGIN PORTFOLIO REVIEW WITH INITIAL FOCUS ON DECO SOUTH ASIA REVIEW TO REDEPLOY CAPITAL FOR GROWTH IN ITS CORE COATINGS BUSINESSES INITIAL FOCUS WILL BE ON DECORATIVE PAINTS POSITIONS IN SOUTH ASIA WILL EXPLORE PARTNERSHIPS, JV, MER
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Reuters - 2 days ago

Indian paint makers decline as oil prices rise on Mideast conflict

BUZZ-Indian paint makers decline as oil prices rise on Mideast conflict ** Shares of Asian Paints ASPN.NS and Berger Paints India BRGR.NS drop 4% each ** Smaller firms Kansai Nerolac KANE.NS and Akzo Nobel India AKZO.NS decline 2% and 2.6%, respectively ** Oil prices rise on prospect of a widening Middle East conflict that could disrupt oil flow fr
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Reuters - 2 weeks ago

Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally

UPDATE 2-Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally Adds graphic, headcount in paragraph 3, context on wider market and YTD share performances in paragraphs 6-7 By Stephanie Hamel Sept 24 (Reuters) - Dulux paint maker Akzo Nobel AKZO.AS plans to cut about 2,000 jobs globally, more than 5% of its workforce, as part of its efforts to reduce costs, targeting positions in its head offices, the Dutch company said on Tuesday.
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Reuters - 2 weeks ago

Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally

Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally Sept 24 (Reuters) - Dulux paint maker Akzo Nobel AKZO.AS plans to cut about 2,000 jobs globally as part of efforts to reduce costs, the Dutch company said on Tuesday. "We aim to accelerate profitable growth by optimising our functional organisation," CEO Greg Poux-Guillaume said in a statement.
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Reuters - 3 weeks ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 12 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ABN AMRO ABNd.AS Dutch government said it completed the sale of part of its ABN AMRO shares. AKZO NOBEL AKZO.AS Issued 500 million euros ten-year maturity bond.
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Reuters - 3 weeks ago

Akzo Nobel Issues EUR 500 Mln Ten-Year Maturity Bond

BRIEF-Akzo Nobel Issues EUR 500 Mln Ten-Year Maturity Bond Sept 11 (Reuters) - Akzo Nobel NV AKZO.AS : SUCCESSFULLY ISSUES A EUR 500 MILLION BOND TEN-YEAR MATURITY AND A COUPON OF 3.750% SETTLEMENT IS SCHEDULED FOR SEPTEMBER 16, 2024 Source text for Workspace: nNDL9fCgSq Further company coverage: AKZO.AS (Gdansk Newsroom)
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Reuters - 3 weeks ago

Indian paintmakers gain on crude slip

BUZZ-Indian paintmakers gain on crude slip ** Shares of Asian Paints ASPN.NS gain 2.2%, Berger Paints India BRGR.NS rise 2.3% ** Smaller peer Kansai Nerolac KANE.NS up 1%, while Akzo Nobel India AKZO.NS is flat ** Brent crude futures LCOc1 fell below $70 for the first time in three years before recovering to $70.3 levels O/R ** Crude prices make up
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Reuters - 4 weeks ago

Akzo Nobel India rises after starting production at plant

BUZZ-Akzo Nobel India rises after starting production at plant ** Shares of Akzo Nobel India Ltd AKZO.NS rise as much as 4.6% to 3,855 rupees ** Paint maker says it has commenced commercial production at its Gwalior plant on Sept. 5 with an installed production capacity of 5166 T per annum ** Adds, invested 1.05 bln rupees ($12.51 million) to increase production capacity to meet the growing demand for powder coating, especially in North and East India ** Stock on track to gain for third week **
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Reuters - 4 weeks ago

MS says 2025 turning point for EU chemicals, names Akzo as top pick

BUZZ-MS says 2025 turning point for EU chemicals, names Akzo as top pick ** Current demand growth in European chemicals lacks near term catalysts, but is set to improve from 2025, supported by interest rates' cuts and lower gas prices, says Morgan Stanley ** MS analysts anticipate 2.7% supply growth on average over the next four years (vs 4.6% over
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Reuters - 4 weeks ago

Air Liquide, Novo Nordisk, Syensqo

EUROPE RESEARCH ROUNDUP- Air Liquide, Novo Nordisk, Syensqo Sept 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air Liquide, Novo Nordisk and Syensqo, on Thursday. HIGHLIGHTS * Air Liquide AIRP.PA : Morgan Stanley cuts to underweight from equal-weight * Lanxess AG LXSG.DE : Morgan Stanley raises to overweight from underweight * Novo Nordisk NOVOb.CO : JP Morgan raises target price to DKK 1050 from DKK 950 * Swiss Life Holding AG
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Reuters - 2 months ago

Berger Paints India beats Q1 profit estimates on lower taxes

Berger Paints India beats Q1 profit estimates on lower taxes BENGALURU, Aug 9 (Reuters) - Berger Paints India BRGR.NS reported first quarter profit above estimates on Friday, helped by lower tax expenses. The company reported consolidated net profit of 3.54 billion rupees ($42.2 million) for the April-June period, largely unchanged from year ago, but above analysts' average estimate of 3.42 billion rupees as per LSEG data.
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Reuters - 2 months ago

India's Grasim posts loss in Q1 as paint business drags margins

India's Grasim posts loss in Q1 as paint business drags margins BENGALURU, Aug 9 (Reuters) - India's Grasim Industries GRAS.NS reported a first-quarter loss on Friday, as its newly-launched paint business hurt margins while it struggled to keep a lid on costs. Indian paint manufacturers are grappling with declining customer loyalty as consumers increasingly turn to more affordable options.
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Reuters - 2 months ago

Akzo Nobel India hits record high after Q1 profit rises

BUZZ-Akzo Nobel India hits record high after Q1 profit rises ** Shares of Akzo Nobel India Ltd AKZO.NS rise as much as 3.4% to a record high of 3,076 rupees ** Maker of Dulux Paints reported a 4.3% rise in Q1 consol net profit to 1.15 bln rupees ($13.74 mln), helped by a rise in demand for its paint products ** Q1 consol rev from ops grew 3.7% y/y ** Adds, see an increase in raw material costs in the second half of the fiscal and are taking necessary pricing actions ** Stock on track to gain for
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Reuters - 2 months ago

Paint maker Akzo Nobel India reports Q1 profit rise on higher demand

Paint maker Akzo Nobel India reports Q1 profit rise on higher demand BENGALURU, Aug 1 (Reuters) - Akzo Nobel India AKZO.NS reported a 4.3% rise in its first-quarter profit on Thursday, as demand for its paint products across different verticals picked up in June ahead of the monsoon. The maker of Dulux Paints said its consolidated net profit rose to 1.15 billion rupees ($13.74 million) in the quarter ended June 30, from 1.1 billion rupees a year earlier.
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Reuters - 2 months ago

India economic, corporate events on August 1

DIARY- India economic, corporate events on August 1 BENGALURU, Aug 1 (Reuters) - Diary of India economic, corporate events on August 1. ECONOMIC, CORPORATE .BSE500 EVENTS: RIC Local Start Date Local Time Indicator Name Period Reuters Poll Prior INPMI=ECI 1 Aug 2024 10:30 HSBC MANUFACTURING PMI July 59.0 58.5 Start Date Start Time RIC Company Name E
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Reuters - 2 months ago

India paint maker Kansai Nerolac gains on Q1 profit rise

BUZZ-India paint maker Kansai Nerolac gains on Q1 profit rise ** Kansai Nerolac Paints KANE.NS shares up 3%, set for best day in three weeks ** Kansai Nerolac, a unit of Japan's Kansai Paint 4613.T , reports 4% rise on adjusted Q1 profit , helped by price hikes ** Other paint companies -- Shalimar Paints SHLP.NS , Asian Paints ASPN.NS , Berger Pain
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Reuters - 2 months ago

India's Kansai Nerolac Q1 adjusted profit rises on automotive demand

India's Kansai Nerolac Q1 adjusted profit rises on automotive demand BENGALURU, July 29 (Reuters) - India's Kansai Nerolac Paints KANE.NS posted a 4% year-on-year rise in first-quarter adjusted profit on Monday, aided by continued demand for automotive coatings. The company, owned by Japan's Kansai Paint Co 4613.T , said its consolidated profit before exceptional items and tax in the quarter ended June 30 rose to 3.08 billion rupees ($36.8 million) from 2.95 billion rupees a year ago.
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Reuters - 2 months ago

Jet2, Natwest Group, Unilever

EUROPE RESEARCH ROUNDUP-Jet2, Natwest Group, Unilever July 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Jet2, Natwest Group and Unilever, on Monday. HIGHLIGHTS * BAE Systems BAES.L : Citigroup raises to buy from neutral * Drax Group Plc DRX.L : Morgan Stanley raises target price to 670p from 650p * Jet2 Plc JET2.L : HSBC raises target price to 2020p from 1980p * Natwest Group Plc NWG.L : Berenberg raises target price to 415p
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