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BASF SE (BASFn.DE)

BASFn.DE on Xetra

58.65EUR
1:45pm IST
Change (% chg)

€0.80 (+1.38%)
Prev Close
€57.85
Open
€58.06
Day's High
€58.83
Day's Low
€57.99
Volume
247,329
Avg. Vol
3,274,531
52-wk High
€81.77
52-wk Low
€55.64

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Thu, Jul 25 2019

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BASF to stick to investment plans after profit warning

FRANKFURT German chemicals maker BASF on Thursday stuck with its investment budget and future earnings forecasts to try to move on from a surprise cut to its profit outlook for 2019 earlier this month that hit its shares.

UPDATE 2-BASF to stick to investment plans after profit warning

* Chemicals, Materials accounted for 83% of fall in Q2 profit

GLOBAL MARKETS-Stocks drop as trade dims earnings outlook; Mexican peso tumbles

* GRAPHIC-World FX rates in 2019: http://tmsnrt.rs/2egbfVh (Updates to close of U.S. markets)

German shares drag Europe lower as BASF profit warning bites

German shares drove Europe lower on Tuesday after a profit warning from chemicals giant BASF citing trade friction put chemical and auto makers on the back foot, while a slump in copper prices knocked mining stocks. | Video

UPDATE 2-German shares drag Europe lower as BASF profit warning bites

* Ocado gains after affirming forecast (Updates to close, adds quote)

BASF shares tumble after chemicals giant slashes outlook

FRANKFURT BASF shares fell almost 7% early on Tuesday after an overnight profit warning in which the German chemicals giant citing trade friction forecast a 30% fall in adjusted annual operating profit instead of a rise.

UPDATE 3-BASF shares tumble after chemicals giant slashes outlook

* China output could fall further -analyst (Adds analyst note)

European shares fall as BASF profit warning hits German stocks

July 9 European shares opened lower on Tuesday in what could be their third straight day of losses as German shares fell sharply due to a profit warning from chemicals giant BASF.

UPDATE 2-BASF slashes 2019 outlook, blames U.S.-China trade war

* BASF to cut 6,000 jobs by 2021 (Adds detail from earnings statement)

BASF to slash 6,000 jobs, lowers fiscal year outlook

FRANKFURT, July 8 German chemicals giant BASF on Monday lowered its 2019 outlook and announced it would cut 6,000 jobs, blaming a downturn in automotive markets and the North American agricultural sector for weaker second-quarter results.

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