ROUNDUP: Jenoptik raises medium-term profitability target - shares in demand

JENA/BERLIN - The technology group Jenoptik is making better progress with its restructuring than expected. From the point of view of the management around CEO Stefan Traeger, business should therefore be more profitable in the medium term than previously thought. Jenoptik shares rose sharply on the news from the capital market day in Berlin on Friday. On the way to becoming a pure photonics group, the core business of the Jena-based company has now been significantly strengthened, but after the sale of the military technology division last year, some parts are still up for grabs.

ROUNDUP: Bechtle raises fresh funds for acquisitions with convertible bond

NECKARSULM - The IT service provider Bechtle has raised fresh funds with a convertible bond. The company placed unsecured and unsubordinated convertible bonds with a volume of 300 million euros, as Bechtle announced in Neckarsulm on Friday. The subscription rights of shareholders were excluded. Bechtle intends to use the money for acquisitions in Germany and abroad, including the expansion of promising business areas such as artificial intelligence (AI). The share came under pressure on Friday morning and lost more than six percent in the meantime.

ROUNDUP: Putin hands over airport to Russian administration - Fraport out

MOSCOW - Russian President Vladimir Putin has ordered a new operator structure for Pulkovo Airport in St. Petersburg, forcing the major German shareholder Fraport out of the business. Fraport had held 25 percent of the previous operating company. Putin justified the move with "unfriendly actions of some foreign states and international organizations", as can be seen from his decree published on Friday night.

Swiss Re expects higher profit for 2024

ZURICH - Reinsurer Swiss Re expects a higher profit in the coming year. The improved earning power should also benefit shareholders in the future. With the planned changeover from US GAAP to IFRS accounting at the beginning of 2024, Swiss Re expects "better visibility of profitability" and higher equity, the Group announced on Friday at its Investor Day.

Pfizer halts a trial of its slimming tablet due to side effects

NEW YORK - The pharmaceutical company Pfizer is stopping the development of its weight-loss drug Danuglipron in one case. More than half of the test subjects in an ongoing study had to stop taking the tablet due to side effects, the company announced on Friday. These included nausea and vomiting. The tablet was taken twice a day. The study was in the middle research phase.

Tesla's electric pickups significantly more expensive than announced

AUSTIN - Tesla's futuristic electric pickup truck "Cybertruck" will be significantly more expensive than originally announced. When the first vehicles were delivered, Tesla announced that the cheapest version of the stainless steel vehicle would cost 61,000 dollars (around 56,000 euros). The most expensive version, nicknamed "Cyberbeast", will cost 100,000 dollars.


Further news

-Roche announces partial discontinuation of MS drug fenebrutinib in the USA

-ROUNDUP 2/Wind and solar expansion: grid costs to be distributed more fairly

-Lauterbach wants to bring more pharmaceutical production to Germany

-EU agrees on protection for networked devices against cyber attacks

-ROUNDUP: Green light for new digital radios for the German Armed Forces

-Report: Meta wants to launch Threads in the EU in December

-Hamburg Airport joins Airbus hydrogen network

-Latvia signs purchase agreement for German Iris-T air defense system

-Double leadership for 'Reutlinger General-Anzeiger': Egenberger and Rabe

-First warning strikes in the steel industry after the end of the peace obligation

-Hamburg Airport joins Airbus hydrogen network

-SPD politician on Galeria: Maintaining the stability of city centers

-Germany imports significantly fewer Christmas trees

-Koln vice-chairman Sauren reiterates his opposition to DFL investor

-Higher minimum wage in geriatric care

-When will the rail strike start? GDL continues to keep a low profile

-ROUNDUP: Oettinger brewery focuses more on non-alcoholic drinks

-Candy industry produces fewer chocolate Santa Clauses

-More than 100 take-offs and landings at Munich Airport canceled°

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.