Börse Express – dpa AFX overview: COMPANY from 06/26/2020

Wirecard: EU Commission engages in European financial supervision

BRUSSELS – In the Wirecard Scandal, the EU Commission is now turning on the European financial regulator ESMA. The supervisors should take a close look at the collapse of the Munich payment service provider and possible omissions by the supervisory authorities. A preliminary investigation report should be available by July 15. This emerges from a letter from the Commission to ESMA, which was received by the German Press Agency on Friday.

Wirecard scandal: Philippines suspect ex-board member Marsalek in China

MANILA / MUNICH – A key figure in the billionaire scandal surrounding the insolvent Dax Corporation Wirecard may be in China. According to data from the Philippine Immigration Service, former Wirecard board member Jan Marsalek traveled to the Southeast Asian country on Tuesday and to China via Cebu airport on Wednesday. However, the airport’s video footage did not show Marsalek left the country, Justice Minister Menardo Guevarra told CNN Philippines on Thursday.

Federal government: Wirecard case is worrying

BERLIN – The Federal Government has alarmed itself about the events at the insolvent payment service provider Wirecard
shown. “This is a worrying case,” said government spokesman Steffen Seibert on Friday in Berlin. “Because companies and financial markets have to work properly.”

ROUNDUP: RWE does not want electricity from dates 4 – ‘final chord’ for Innogy

FOOD / ERKELENZ – The energy company RWE does not want electricity from the new coal-fired power plant Datteln 4. “We are currently not purchasing electricity from Datteln 4,” said CEO Rolf Martin Schmitz at the Group’s online general meeting on Friday. RWE is still of the opinion that the contracts concluded years ago with the date operator Uniper
to have effectively terminated. Therefore “there will be no obligation to accept goods in the future”.

ROUNDUP: KLM secures loan of 3.4 billion euros – share increases

PARIS – The Dutch airline KLM
Royal Dutch Airlines has secured a loan of 3.4 billion euros. The airline’s board of directors has accepted a government support package, KLM said on Friday. With this, KLM wants to overcome the corona crisis and prepare for the future, it said. State aid is added to the € 7 billion announced in early May, which the French state granted to sister company Air France.

Hornbach with strong quarter – growth during the corona pandemic

NEUSTADT – The Hornbach hardware store group made a strong start to the new fiscal year – also due to the high demand in the 160 DIY megastores with garden centers during the Corona pandemic. In the first quarter (until May 31) the profit after taxes was 122.9 million euros, as the company announced on Friday. That was more than twice as much as in the same period last year at 51.7 million euros.

VW drives electrically in Zwickau – last combustion engine manufactured

ZWICKAU – end and beginning at the same time: in the Zwickau plant of the car manufacturer Volkswagen the last vehicle with an internal combustion engine rolled off the assembly line on Friday. While the white Golf Variant ended an era in the automotive city after 116 years, the all-electric ID.3 is said to establish a new one. “From now on, the Zwickau location will be all about electromobility,” said Reinhard de Vries, Managing Director Technology and Logistics at Volkswagen Sachsen. The renovation will begin on Monday so that a second assembly line for electric cars will be available by the end of the year. Despite looking ahead, there was a lot of melancholy among the employees that day, said General Works Council Chairman Jens Rothe. Zwickau’s tradition as the cradle of automotive engineering started in 1904 with August Horch.

ROUNDUP 2: Corona crisis drives fashion chain H&M into the red

STOCKHOLM – The Swedish fashion chain Hennes & Mauritz (Hennes & Mauritz ) posted a significant drop in the second quarter due to the Corona crisis. In the reporting period, which runs at H&M from the beginning of March to the end of May and thus included the previous high phase of the pandemic in Europe, the loss after taxes amounted to 4.99 billion Swedish kronor (477 million euros). The group announced on Friday in Stockholm. In the same quarter of the previous year, the H&M group had made a profit of CZK 4.57 billion. Germany continued to be the H&M market with the highest sales – even if local sales collapsed by over 40 percent.

ROUNDUP: Clevershuttle ceases operations in Berlin, Dresden and Munich

BERLIN – Clevershuttle, a service provider belonging to Deutsche Bahn (DB), is ceasing to operate in Berlin, Dresden and Munich. “From now on, customers can no longer order trips there,” the company said on Friday. The RBB had previously reported. Clevershuttle cited economic reasons as one of the reasons. The operation in Düsseldorf, Leipzig and Kiel, however, continues. There “strong local partnerships were formed”, the development of the business was positive.

Additional Reports

-Novartis receives recommendations in the EU for Xolair and Cosentyx

-AFP: Sanofi pharmaceutical company plans to cut 1,700 jobs in Europe

-Italy tightened regulations for hand luggage on airplanes

-Clevershuttle ceases operations in Berlin, Dresden and Munich

-DuMont becomes sole owner of ‘Düsseldorf-Express’

-Energy deal between RWE and Eon shortly before the end

– Clubs see disadvantages for women in the media sector in the corona crisis

-ARD anticipates additional costs due to the lack of sports events in the corona crisis

-Zur Rose is expanding in Germany

US investment firm takes over bankrupt airline Virgin Australia

-Vonovia enters the Dutch real estate market with a small stake °

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

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AXC0232 2020-06-26 / 15: 20

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