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ROUNDUP: SAP competitor Salesforce grows faster than expected - shares in demand

SAN FRANCISCO - The US software company Salesforce has exceeded market expectations with strong growth in the past quarter. Profits also rose significantly. The SAP rival is also reaping the rewards of its cost-cutting program. The share price rose by more than 8 percent in the morning. Investors were also impressed by the slight increase in margin forecasts.

ROUNDUP 2: Siltronic aims for strong growth until 2028 - cautious outlook for 2024

LONDON - The manufacturer of silicon wafers for the semiconductor industry Siltronic wants to continue to benefit from megatrends such as digitalization and electromobility in the coming years. Sales and operating profit margin are set to increase significantly by 2028, also thanks to the new plant in Singapore. However, Siltronic CEO Michael Heckmeier is cautious about 2024 for the time being. At least the first half of the year will probably still be impacted by high inventories held by chip manufacturers and their customers, as the company announced at its Capital Markets Day in London on Thursday. The recently strong share price came under significant pressure.

ROUNDUP: Thyssenkrupp reorganizes Executive Board - harsh criticism from IG Metall

ESSEN - The industrial group Thyssenkrupp is reorganizing its Executive Board: A successor has been found for outgoing CFO Klaus Keysberg. In addition, the new CEO Miguel López will be able to work with a larger Executive Board team in future, which will be given more operational responsibility. This is likely to reverse the previous holding strategy. Criticism came from the IG Metall trade union. The Supervisory Board's decision was a first - for the first time, the owners overrode the votes of the employees.

ROUNDUP: Lufthansa calls off sale of Lufthansa Technik shares

FRANKFURT - Lufthansa now wants to keep its maintenance division completely after all. The plan to sell a minority stake in Lufthansa Technik will no longer be pursued, the MDax company announced in Frankfurt on Thursday. Instead, the growth plans developed in recent months are to be implemented independently. The Chairman of the Executive Board of Lufthansa Technik, Soren Stark, spoke of "very ambitious goals for the coming years", according to a company statement. The Lufthansa share turned negative following the news. At midday, the share price was still down a moderate 0.3 percent.

ROUNDUP: Musk rails against X's renegade advertising customers

NEW YORK - Major advertisers are fleeing Elon Musk's online platform X out of fear for their image - but instead of doing damage limitation, the tech billionaire is verbally giving them the middle finger. "If someone tries to blackmail me with ads? Blackmail me with money? Go fuck yourself!" Musk ranted on stage at a New York Times conference on Wednesday, repeating the expletive several times. He specifically mentioned Disney boss Bob Iger.

ROUNDUP: Technology group ABB raises its ambitions

ZURICH - ABB wants to grow faster than before. The technology group has set itself more ambitious targets in terms of both sales growth and the operating profit margin. Group CEO Bjorn Rosengren now considers ABB's transformation phase to be over. "We have set new standards and are now leaving the transformation phase," he explained at the company's capital market day on Thursday.


More news

-'WSJ': US health insurers Humana and Cigna negotiate mega-merger

-ASML boss Wennink steps down - successor Fouquet comes from within the company's own ranks

-ROUNDUP: Pension provision: Guaranteed interest rate could rise again after decades

-Fresenius completes demerger of dialysis specialist FMC

-Court obliges government to take additional climate measures

-ROUNDUP: Galeria could soon be put up for sale

-Deutsche Beteiligungs AG aims to increase net asset value

-Ford lowers profit target after wage agreement

-Employees sharply criticize election of Thyssenkrupp board members

-Press: Cevian wants to invest in insurer Baloise

-Signa subsidiary SportScheck files for insolvency

-Marcus Schulte becomes Chief Financial Officer of Deutsche Pfandbriefbank

-Berlin KaDeWe boss: Signa bankruptcy no danger for luxury department store

-After Signa insolvency: Municipal association for active role of cities

-BMW and Mercedes-Benz build fast-charging network in China

-Testing company Dekra expects sales growth

-Heads of online platforms must testify again in the US Senate

-Number of 5G mobile contracts in Western Europe to double in 2023

-IG-Metall boss: German manufacturers too late with affordable cars

-Glitch at Commerzbank: incorrect debits after cash withdrawal

-Schufa: Better creditworthiness score with more data

-Rail traffic running again after overhead line damage in Hanover

-EU agreement to protect journalists against harassment claims

-ARD wants to use artificial intelligence for more live subtitles

-ROUNDUP: European launcher Ariane 6 to fly for the first time in mid-2024

-NordLB makes progress - profit jump in first nine months

-Faster baggage checks - airport deploys more CT scanners

-Charges filed for precious metal theft at Aurubis

-Collective bargaining dispute in the steel industry: IG Metall calls for warning strikes°

Customer note:

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