ROUNDUP: Fresenius raises targets for hospital business - shares up

LONDON/BAD HOMBURG - The medical group Fresenius is becoming more confident about its subsidiary Helios. The company now wants to reach the upper end of the targets set for the hospital operator in the current year and accordingly expects more profit and stronger sales growth at its subsidiary. No acquisitions are planned. This was well received on the stock market: Fresenius shares rose by more than three percent around midday.

ROUNDUP: Bayer must pay significantly less in glyphosate case - share price up

PHILADELPHIA/LEVERKUSEN - The pharmaceutical and agrochemical company Bayer must pay significantly less than expected in a lawsuit over the glyphosate-based weed killer Roundup. A court in Philadelphia reduced the damages awarded to the plaintiff by a jury from 2.25 billion US dollars to 400 million US dollars (367.5 million euros), according to court documents released late on Tuesday. This was the highest amount since the start of the trials surrounding the alleged cancer risks of the weedkiller glyphosate in 2018. Bayer intends to appeal. The share price rose.

ROUNDUP: SAP wants to strengthen itself with billion-euro takeover of WalkMe

WALLDORF/TEL AVIV - Europe's largest software manufacturer SAP wants to expand its offering for analyzing business processes with the acquisition of Israeli provider WalkMe. SAP intends to pay 1.5 billion US dollars in cash (1.38 billion euros) for this, as the Walldorf-based company announced on Wednesday. The software is designed to enable users to execute workflows seamlessly across any number of applications. Specifically, SAP is offering 14 US dollars per share, and WalkMe's Executive Board has reportedly approved the deal. The offer price represents a premium of 45 percent over WalkMe's closing share price in New York the previous evening.

Zara parent company Inditex surprises with good start to second quarter

ARTEIXO - After a weaker start to the year, demand for spring and summer clothing at Zara owner Inditex has recently picked up again. In the first five weeks of the second quarter, sales increased by twelve percent on a comparable basis and excluding exchange rate effects, as the clothing group announced in Arteixo on Wednesday. In the first quarter of the financial year, which ran until the end of April, the Spanish company had to be content with slower sales growth, as in the previous quarters. However, this was in line with analysts' expectations. The share price rose significantly.

Intel sells financial firm Apollo stake in Irish chip factory

SANTA CLARA - Intel is bringing a financial investor on board for its new chip factory in Ireland and is receiving a billion-euro cash injection in return. The company Apollo will be the leading investor in the acquisition of a 49 percent stake in the plant, called Fab 34, Intel announced on Tuesday. The purchase price was put at eleven billion dollars (10.1 billion euros).

E-car sales stagnate - combustion engines more in demand

FLENSBURG/BERLIN - Sales of electric cars in Germany are stagnating. As in April, around 29,700 cars with pure battery drive were newly registered in May, according to the Federal Motor Transport Authority in Flensburg on Wednesday. This was just under 31 percent less than a year ago, when there were still incentives from the state and manufacturers for purchases.

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Further news

-IPO/Change of ownership: Investor sells Sunrise Medical - No Borsengang

-Flatexdegiro shareholders wipe out Niehage and Korbmacher

-Hackers attack laboratory chain Synlab again - 'Impact' for patients

-FTI bankruptcy reorganizes booming travel market

-Eli Lilly manager becomes chief financial officer at Google parent Alphabet

-Northern states demand more speed from the federal government in social housing construction

-Dekra: Roads must be quickly adapted to changes in mobility

-Federal government wants to continue updating hospital atlas after criticism

-Survey: Over 60 percent in Germany have never used generative AI

-ROUNDUP: AI researchers want to be allowed to warn of risks

-Leica Camera expands mobile business - acquisition and app

-ROUNDUP/Next attempt: 'Starliner' to embark on manned test flight

-Potatoes scarce and expensive - Expert expects prices to fall

-After Tesla attack, no end to investigation yet in sight

-ChatGPT struggles with outages

-Chinese car market with a dip in May

-Breweries expect a boost in non-alcoholic beer for the European Football Championships

-FTI insolvency administrator strives for fastest possible solution for vacationers

-ROUNDUP 2: Tense flood situation in Bavaria - the southwest cleans up

-Election lawyer for ex-Wirecard boss Braun resigns from office

-Head of state Rhein: Compulsory insurance against natural hazards to be introduced quickly

-Fischer Group divests automotive division - Mutares takes over

-Voestalpine profit collapses - share price rises

-So far no flood damage to interim nuclear waste storage facilities

-Tax relief should bring more affordable housing

-ILA opens in Berlin - Scholz praises the industry for innovation

-Dispute over 'Big Mac': McDonald's loses in EU court

-Chemical industry wage partners postpone meeting again

-Airlines: Economic consequences of FTI bankruptcy manageable

-Consumer loans tested - Bafin sees deficits in lending in some cases

-Decision: WDR must invite Wagenknecht party to election program

-ROUNDUP: Scholz calls for more cooperation on armaments projects in Europe

-Airlines test procedure to avoid contrails

-Meteorologist complains about overburdened forecasting models for heavy rainfall

-Cartel Office: No application filed for FTI takeover proceedings

-European Ariane 6 rocket to be launched into space for the first time on July 9

Customer note:

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

/jha