Tag: Rationalization and redevelopment
Credit Suisse manager goes to fintech Leonteq
UBS completes takeover of Credit Suisse – banking giant is born UBS has completed the world’s most significant bank takeover since the financial crisis. According to an open letter published…
Why Siemens is so busy selling its own divisions
Dusseldorf Some are just good at breaking up. The Siemens Group has long been known for its agile way of separating from divisions and thus continuously sharpening its core business.…
Thyssen-Krupp works council chief moves to management
Thyssen Krupp The industrial group is currently being rebuilt. (Photo: imago images/Rupert Oberhäuser) Berlin, Dusseldorf The head of the works council of the industrial group Thyssen-Krupp, Dirk Sievers, is giving…
Thyssen-Krupp works council chief moves to management
Thyssen Krupp The industrial group is currently being restructured, (Photo: imago images/Rupert Oberhäuser) Berlin, Dusseldorf The head of the works council of the industrial group Thyssen-Krupp, Dirk Sievers, is giving…
Deutsche Bank tightens construction financing and cuts hundreds of jobs
Deutsche Bank At the end of last year, the institute issued residential real estate loans totaling 182 billion euros. (Photo: AP) Frankfurt Deutsche Bank is streamlining its mortgage lending business.…
New Galeria boss plans to be operationally in the black for next year
Olivier van den Bossche The new Galeria boss wants to increase sales again this year in the remaining stores. (Photo: Stephan Pick) Eat Just a few days after the end…
That is Miguel Ángel López Borrego’s agenda
Dusseldorf For Miguel Ángel López Borrego, a wish will come true this Thursday. Three German companies are known all over the world, Mercedes, Siemens and Thyssen-Krupp, he once said in…
Bank sees bottlenecks among many property owners
Family under construction (symbol image) For many owners, the energy-related renovation of buildings entails high costs. (Photo: IMAGO / Shotshop) Frankfurt For many of Germany’s house and apartment owners, the…
Warning house group closes three branches less
Galeria branch in Dortmund The department store is one of the three locations that will not be closed after all. (Photo: dpa) Dusseldorf The department store group Galeria will get…
The new head of the supervisory board wants to maintain independence.
Frankfurt Manfred Knof cheers like a soccer player after the decisive goal in the World Cup final when he rings the bell at the Frankfurt Stock Exchange on February 27th.…
Delivery problems are causing difficulties for airlines
Frankfurt It was heavy fare for engine manufacturer Pratt & Whitney, which Indian low-cost airline Go First recently announced. Because the US group is currently not providing enough engines and…
VW wants to completely reorganize the core brand
Volkswagen boss Oliver Blume The restructuring of the core brand becomes the second major project of his tenure. (Photo: dpa) Dusseldorf, Wolfsburg The car manufacturer VW is preparing a far-reaching…
Bahn promises more modern stations and wants to create thousands of new jobs
Deutsche Bahn Deutsche Bahn wants to modernize numerous stations. (Photo: dpa) Berlin Deutsche Bahn wants to face the group’s serious crisis with an increase in staff, more money for the…
Deutsche Bahn is planning thousands of new jobs and more modern stations
Deutsche Bahn Deutsche Bahn wants to modernize numerous stations. (Photo: dpa) Berlin Deutsche Bahn wants to face the group’s serious crisis with an increase in staff, more money for the…
BT wants to cut more than 40 percent of its jobs
BT store in UK The British telecom group BT Group is planning radical job cuts. (Photo: Bloomberg) London The British telecommunications group BT Group wants to reduce its costs with…
Volkswagen is planning extensive restructuring of its core brand
Volkswagen boss Oliver Blume The restructuring of the core brand becomes the second major project of his tenure. (Photo: dpa) Dusseldorf, Wolfsburg The car manufacturer Volkswagen is preparing a far-reaching…
Saturn operator Ceconomy benefits from more stationary sales
Metro increases sales significantly – but earns less The wholesale group Metro posted a significant increase in sales in the second quarter in view of the high inflation and growth…
“The family did not damage the company’s liquidity”
Peek & Cloppenburg Founded in 1869, the company lost around a third of its sales during the pandemic. (Photo: Markus Kaiser/ PuC) Dusseldorf The ailing fashion retailer Peek & Cloppenburg…
The sale of the steel division is stuck
Steel production at Thyssen-Krupp in Duisburg The division, the future of which has been discussed for a long time, dragged the industrial group into the red in the past quarter.…
Hapag-Lloyd profit collapses – Thyssen-Krupp makes quarterly loss
Electricity group Verbund thanks to higher prices with profit increase Austria’s largest electricity group, Verbund, benefited in the first quarter from the sharp rise in futures market prices on the…