French and Benelux stocks - Factors to watch November 26
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Google has proposed further changes to its European Search Results to comply with the EU Digital Markets Act.
France's Alstom exceeds cash expectations due to strong orders and cost control
Alstom, the French train manufacturer, beat expectations on Wednesday for its cash position half-year. This was due to increased volumes and cost savings initiatives. Alstom, a manufacturer of trains and signalling for urban and regional railway networks…
Russia replaces foreign gas turbine technology with its own high-capacity, Russian-developed gas turbine
The Russian government has developed its own alternative technologies to Western technology that it cannot import. Vladimir Putin inaugurated the new unit of the Udarnaya Power Station in southern Russia via video link…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Dutch government announced that it has completed the sale of a part of its ABN AMRO shareholdings.
Prysmian Wraps Up DolWin3 Gig
Prysmian Group, the major player in energy and telecom cable systems industry, has has announced that it commissioned the 900MW DolWin3 high voltage direct current (HVDC) offshore grid link in the German North…
Airswift Eyes APAC Growth
Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…
Andy Richardson Joins as COO of SimecAtlantis Energy Limited
Simec Atlantis Energy announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable…
Siemens Gamesa to Cut as Many as 6,000 Jobs
Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year. The job cut would amount to more than 20 percent of the company's total workforce of around 26,000.
Siemens May Cut Jobs in Power Turbine Business Overhaul
Siemens may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said.
France Approves of Siemens/Alstom Tie-up if Jobs Spared
France has nothing against a potential tie-up between German engineering group Siemens and Alstom if the deal does not bring job cuts, the French government's spokesman said on Friday. Earlier on Friday, Le Monde…
Wind Turbine Tie-Ups Under Pressure
Siemens Gamesa, Nordex underperform following tie-ups; more deals expected with Nordex, Senvion seen as takeover candidates. A sell-off in shares of recently merged wind turbine makers highlights the growing speed…
GE Wins First Major Deal from Alstom Portfolio, in Romania
General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal to result from its $10.6 billion 2015 acquisition of Alstom's power business.
BV Approvals Help Propel Floating Offshore Wind Sector
Bureau Veritas has issued a Preliminary Design Approval for a Floating Offshore Wind Turbine (FOWT) foundation designed by DCNS Energies. The floating foundation is based on a semi-submersible floater, designed to be competitive…
GE Power Division Signs $3 bln Services Deal in Algeria
GE Power, a division of General Electric Co, has signed a services deal with a subsidiary of Algerian utility Sonelgaz valued at more than $3 billion, the largest such agreement ever for GE Power, GE said on Monday.
Germany Linked Up 818 MW of Offshore Wind in 2016
Germany connected 818 megawatts (MW) of newly built offshore wind capacity to power networks last year, wind energy industry group BWE said on Thursday, less than in 2015 but still leaving the industry on course to beat government targets for 2020.
EDF Delays French Offshore Wind Park Project
French state-owned utility EDF's renewable energy unit has postponed the expected start of operations at its first offshore wind turbines by one year to 2021, it said on Tuesday. A consortium of EDF and Alstom…
GE to Buy Wind Turbine OEM
General Electric Co said it would buy LM Wind Power, a maker of rotor blades used in wind turbines, from private equity firm Doughty Hanson for $1.65 billion, as it looks to boost output in its renewable energy business.
GE Mulls Offshore Wind JV Adwen
General Electric is in talks with the French state and several companies about acquiring Areva-Gamesa's offshore wind joint venture Adwen, GE chief Jeff Immelt told French daily Le Figaro. GE has contracts to build 1…
GE Ramps up Offshore Wind Game, eyes Takeover
General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its…
GE Interested in German Offshore Wind, Eastern Europe
General Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe. "German offshore wind has become very important for us…
