ROUNDUP 2/Basler struggles with market weakness: caps forecasts and cuts jobs

AHRENSBURG - Image processing specialist Basler has noticeably lowered its outlook due to an ongoing market slump. Thus, instead of 235 to 265 million euros, sales for the full year should now only be between 200 and 215 million euros, as the SDax company announced in Ahrensburg on Monday. Because the management is counteracting this by cutting around 200 full-time jobs and thus expects costs in the millions, it expects a pre-tax loss of 12 to 20 million euros. The share price initially fell sharply, but then recovered.

'FT': Yeezy shoe sell-off gives Adidas surprisingly high demand

LONDON/HERZOGENAURACH - Adidas has encountered brisk demand with its first sale of Yeezy sports shoes following the end of its partnership with rapper Kanye West, according to a press report. As of June 2, near the end of the promotion, Adidas had received orders worth more than 508 million euros for about 4 million pairs of sneakers, the Financial Times reported Monday, citing people familiar with the matter. Demand has exceeded the group's most optimistic forecasts, it added. An Adidas spokesman declined to comment, saying the group was close to releasing its quarterly figures.

ROUNDUP: Ryanair caught between travel woes and Boeing delays - shares plummet

DUBLIN - Europeans' desire to travel gave budget carrier Ryanair a sharp jump in profits from April to June. After the Russian war of aggression against Ukraine had dampened demand a year earlier, ticket prices rose sharply this time. Ryanair CEO Michael O'Leary also expects more expensive tickets for the summer, as the Irish company announced in Dublin on Monday. However, business growth is being held back by delays at aircraft manufacturer Boeing. The U.S. company is once again lagging behind in the delivery of new jets.

ROUNDUP: Headlamp specialist Hella increases sales and profitability strongly

LIPPSTADT - The automotive supplier Hella was able to significantly expand its business in the first half of the year. Compared to the same period last year, sales climbed by 17.3 percent to 4.0 billion euros, as the company announced in Lippstadt on Monday. Operating profit even rose by three quarters to 245 million euros, while the corresponding margin was two percentage points higher at 6.1 percent.

ROUNDUP 2: Vodafone slightly exceeds revenue expectations - ex-SAP finance chief arrives

LONDON - The crisis-ridden Vodafone Group has performed slightly better than expected at the start of the new financial year. The British company slightly exceeded analysts' expectations. However, they are still struggling in their most important market, Germany, and are once again having to accept more cancellations of their Internet products. Ex-SAP manager Luka Mucic is expected to turn things around in the fall at the latest - the former CFO of the Walldorf-based software company will join Vodafone in September in his own capacity. The news was well received on the stock exchange: Vodafone shares rose by around five percent in early trading.

ROUNDUP: Philips raises annual targets - sales and earnings increase significantly

AMSTERDAM - Business at medical technology group Philips is improving again after rather tepid quarters. Sales and earnings increased significantly in the second quarter, as the Dutch Siemens Healthineers competitor announced in Amsterdam on Monday. The company is becoming more confident for the full year due to fewer supply chain issues, higher demand in China and group restructuring. Meanwhile, Philips continues to be weighed down by a costly recall of ventilators and sleep therapy equipment. The shares lost value.

ROUNDUP: Database software business drives Software AG margins

DARMSTADT - Software AG, which is in the process of being acquired by financial investor Silver Lake, benefited in the second quarter from good business with database software. Revenue and margins exceeded analysts' expectations, partly due to unexpectedly early contract signings. In the declared future business with integration software, growth turned out to be much more meager.

ROUNDUP/Musk gets serious: Twitter to become X

SAN FRANCISCO - Twitter owner Elon Musk is trying to establish X as the new name for the short messaging service. On Monday, the change became visible step by step: first, the name was changed to an X on Twitter's official profile, and a little later a logo with the letter also replaced the familiar blue bird in the web version. However, the account name of the official profile of the service was still "@twitter" - and the familiar Twitter logo was still visible in the smartphone app. The X logo was simply projected onto the headquarters in San Francisco.

^

Further messages

-US oil company Chevron earns less - But more than analysts thought.

-FEDERATION: Toys sold online may contain hazardous substances

-AI firms promise Biden more circumspection

-Roche collaborates with Alnylam on RNAi therapeutic for hypertension

-Roche drug Evrysdi recommended by EU committee for infants with SMA

-IBM study: average data leak costs around 4 million

-Sandoz receives positive CHMP recommendation for MS biosimilar natalizumab

-Press: UBS executives must draw up job-cutting program

-Still zero interest rates for savers at many banks

-EnBW boss: SuedLink must not be delayed

-Media: Bayern's midfielder Sabitzer tells BVB he will join the club

-Spain remains most important supplier of fruit and vegetables

-Transport Minister Wissing advocates urban cable cars

-Cruise ship 'Carnival Jubilee' leaves Meyer shipyard building dock

-'Cherlato' - Singer Cher enters the ice cream business

-Survey: security by far most important when paying

-FDP wants to continue blocking children's advertising barriers for food products

-Bayerischer Rundfunk closes 2022 with a plus

-Survey: Many wishes for fiber-optic Internet still unfulfilled

-Security researcher: Schufa tenant information can be called up under someone else's name

-RTL Group secures further TV rights for soccer

-ROUNDUP: Railway union EVG expects mediator's proposal for Friday

-Pistorius sees ammunition procurement as urgent task

-Pilots: German airports with improved security

-Europe's quantum computer opens up to companies

-Organizers cancel Rhodes trips - special flights to Germany

-Verivox: Car insurance considerably more expensive

-ROUNDUP/Transfer backlog cleared up: BVB before commitment of Sabitzer

-Fires on Rhodes rage on - Tourists not in danger

-Press: Tottenham owner demands immediate sale of Kane

-Meyer Burger pauses expansion of solar plant in Saxony-Anhalt°.

Customer Notice:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha