Tag: Union Investment
Adidas sales stagnate at the beginning of the year – but new CEO Gulden sees progress
Adidas boss Björn Gulden The separation of US scandal rapper Kanye West and the joint brand “Yeezy” costs the sporting goods company a lot of sales and profits. (Photo: Reuters)…
“Have to take one step at a time”
Adidas CEO Björn Gulden The new CEO has already declared 2023 to be a year of transition for Adidas. (Photo: Reuters) Herzogenaurach Almost two weeks before the annual general meeting,…
Investors demand a fresh start at Bayer
Dusseldorf Norbert Winkeljohann, Chairman of the Bayer Supervisory Board, could hardly have paid the outgoing CEO any more respect: “Dear Mr. Bayer,” he called to Werner Baumann at the beginning…
Conti supervisory board extends CEO Nikolai Setzer’s contract
Nikolai Setzer Continental’s supervisory board has extended the 52-year-old’s contract by a further five years. (Photo: dpa) Dusseldorf The Continental Supervisory Board has extended the contract of CEO Nikolai Setzer…
BASF expects improvement in the second half of the year at the earliest
Dusseldorf After a comparatively weak start to the year, the chemical group BASF is sticking to its goals for 2023. However, all hopes rest on an economic recovery in the…
Despite the slump in earnings, BASF is sticking to its annual targets
BASF For the year as a whole, the chemical company continues to expect a decline in adjusted operating profit. (Photo: dpa) Frankfurt The chemical company BASF has confirmed its annual…
Investors criticize the institute’s planned annual general meeting
Deutsche Bank in Frankfort To the annoyance of important investors, the bank has restricted the opportunity for shareholders to ask questions at the general meeting. The re-election of the deputy…
Investors criticize the institute’s planned annual general meeting
Deutsche Bank in Frankfort To the annoyance of important investors, the bank has restricted the opportunity for shareholders to ask questions at the general meeting. The re-election of the deputy…
Bayer board of directors receives bonus despite high glyphosate costs – shareholders express clear criticism
Bayer CEO Werner Baumann: Dusseldorf The remuneration of Bayer’s board of management has met with ongoing criticism from investors and proxy advisors. Reason: In 2022, Bayer also had to deal…
Federal Court of Justice overturns judgment against two stock market professionals
The verdict is now moot. “In all cases, the criminal court based its assessment of evidence on documents without making them the subject of the main hearing,” said the Federal…
Bayer boss gets less salary to say goodbye
Dusseldorf Bayer boss Werner Baumann says goodbye to his post with a drop in salary. Despite a record operating profit, the CEO will receive around five percent less remuneration for…
Allianz and DWS: fund business suffers from scandals
DWS: Wealth division of Deutsche Bank DWS and Allianz Global Investors are suffering from the withdrawal of funds from their customers. (Photo: Reuters) Frankfurt The fund market in Germany is…
For whom Riester can still be worthwhile
Frankfurt Riester savers have to brace themselves for sobering numbers these days. Because the providers of the more than three million subsidized old-age provision contracts with funds send out their…
Test case against EY over Wirecard bankruptcy begins
Frankfurt Damaged Wirecard shareholders are now taking on the auditor EY. On Monday, the Bavarian Supreme Regional Court (BayObLG) in Munich appointed the private investor Kurt Ebert as model plaintiff…
Adidas share: Group cuts dividend
Herzogenaurach The new Adidas boss Björn Gulden has prepared investors for a difficult transition year 2023 with possible losses. “We have to reduce inventories and reduce discounts,” said the Norwegian…
Adidas share: Group cuts dividend
Herzogenaurach The new Adidas boss Björn Gulden has prepared investors for a difficult transition year 2023 with possible losses. “We have to reduce inventories and reduce discounts,” said the Norwegian…
Inflation in Germany remains at 8.7 percent in February
euro coin Consumer prices in Germany continue to rise rapidly. (Photo: LightRocket/Getty Images) Frankfurt, Dusseldorf German inflation is proving surprisingly persistent. In February, the consumer price index (CPI) of the…
Inflation in Germany remains at 8.7 percent in February
euro coin Consumer prices in Germany continue to rise rapidly. (Photo: LightRocket/Getty Images) Frankfurt The inflation rate in Germany remained constant in February. Consumer prices increased by 8.7 percent compared…
Puma achieves record sales and operating profit in 2022
Munich Even after the change from CEO Björn Gulden to Adidas, Puma wants to further reduce the gap to the ailing arch-rival. “We have accelerated our growth worldwide and across…
Puma achieves record sales and operating profit in 2022
New Puma CEO Freundt Puma’s business is said to be better than Adidas’ this year as well. (Photo: dpa) Even after the change from CEO Björn Gulden to Adidas, Puma…