ROUNDUP: Paint manufacturer Sto has a weak start to the year - shares still up

STÜHLINGEN - The insulation material and paint manufacturer Sto continues to feel the effects of the weak construction industry. Turnover in the first quarter remained below the previous year's level and expectations, as the SDax-listed company announced in Stühlingen on Monday. In addition, turnover and operating earnings for 2023 fell. As in the previous year, Sto shareholders are nevertheless to receive a dividend of 31 cents per preference share with a special bonus of EUR 4.69 per share. The share price rose at the start of the week.

ROUNDUP: Postbank purchase could cost Deutsche Bank dearly - share price slide

FRANKFURT/Cologne - The acquisition of Postbank could have unexpectedly expensive repercussions for Deutsche Bank. In the protracted legal dispute with former shareholders of the acquired institution, the Dax group is bracing itself for an additional payment in the billions, as it surprisingly announced in Frankfurt on Friday evening. According to corresponding statements by the responsible court, the bank is expected to set aside 1.3 billion euros in the second quarter. The news went down badly on the financial markets on Monday.

ROUNDUP/Philips: Billion-euro settlement in the USA - Share price fireworks

AMSTERDAM - The medical technology group Philips has reached an agreement with the US judiciary on a settlement worth billions in connection with defective ventilators for sleep therapy. The Dutch company announced in Amsterdam on Monday that the settlement is intended to resolve a pending class action lawsuit and individual lawsuits filed by injured parties. Relief spread among the shareholders.

ROUNDUP: Porsche starts the year with a drop in sales and profits - share price falls

STUTTGART - The sports and off-road vehicle manufacturer Porsche has made a significantly weaker start to the new year due to the renewal of several models. Turnover from January to March shrank by more than a tenth year-on-year to 9.01 billion euros, as the Volkswagen subsidiary announced on Friday evening in Stuttgart at the close of business. At 1.28 billion euros, consolidated operating profit was around 30 percent below the previous year's figure. Analysts had expected smaller declines on average. The share price fell after the start of trading on Monday.

Delivery Hero to get new supervisory board chair - pressure from investor

BERLIN - The faltering food delivery company Delivery Hero wants to reorganize its supervisory board under pressure from investors. Kristin Skogen Lund, currently head of the Norwegian media and online retail group Schibsted, is to head the supervisory board in future. She is to be elected to the Supervisory Board at the Annual General Meeting in June and will then take over as Chairman, as Delivery Hero announced in Berlin on Monday. The current Chairman of the Supervisory Board, Martin Enderle, is also to be re-elected to the Council, but will relinquish his position as Chairman. The Supervisory Board is also to grow from six to eight members. According to the Nomination Committee, the growth and complexity of the company make an expansion necessary. The Delivery Hero share price rose slightly before the announcement.


Further news

-ROUNDUP: Deutsche Bahn plans to invest 16.4 billion euros in the rail network this year

-ROUNDUP: Poor survey results for electric cars - but ahead in breakdown statistics

-'Wiwo': Heidelberger Druck sees increased order intake in the 4th quarter

-US union pushes through income increase at Daimler Truck

-Car industry: Growing gap between number of charging stations and e-cars

-Unrest at Thyssenkrupp Steel: Employees plan protest rally

-Study: Electric cars could shake up car financing

-Ex-SAP board member Kleinemeier heads Merck supervisory board permanently

-Ex-league boss Seifert: No mediator in the DAZN/DFL dispute

-ROUNDUP: Habeck's 'pharma trip' - industry sees structural problems

-Major bank BBVA increases profit more than expected

-Galeria Kaufhof continues to shrink - Verdi calls for future concept

-E-motorcycles have a hard time in Germany

-Apple must also open iPad for alternative app marketplaces in the EU

-SportScheck takeover by Cisalfa on track

-Solarwatt plans to discontinue production of solar modules in Dresden

-Significantly more motorhomes in Germany - hotspots in the north and south

-US authorities investigate Tesla's improvements to the 'Autopilot' system

-Consumer advice center warns Chinese low-cost fashion retailer Shein

-Survey: Many bank customers waive reimbursement of account fees

-Kehl on Ricken's appointment at BVB: disappointed at first

-Trustee for Signa luxury real estate gets green light from court

-Border guards at London Heathrow go on strike for days

-Kremlin hands over Russian subsidiary of Bosch to Gazprom

-Deaths and severe damage after tornadoes in the USA

-'In their own hands': Desastroser BVB hopes for Paris

-Data protectionists file complaint against OpenAI and ChatGPT

-Bijou Brigitte with sales growth and profit decline

-Land of Hesse strengthens Helaba's equity - stake in Landesbank increases

-Getir leaves German market - focus to be on Turkey

-Behorde: 13 objections to Intel plans in Magdeburg

-Dieter von Holtzbrinck Media Group realigns management

-Once again after Wembley: BVB wants to seize historic opportunity

-TV ratings: Every third person watches 'Tatort' in Cologne

-Özdemir wants to enable more state aid for farmers

-EU adopts 'breakfast directives': Label the origin of honey°

Customer tip:

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