Thyssenkrupp AG (TKAG.DE)
FRANKFURT Germany's Thyssenkrupp joined rivals in reporting a strong recovery of its steel business, just weeks before it plans to ink a deal to merge the unit with the European operations of India's Tata Steel.
* Shares down as much as 2 pct on disappointing free cash flow
FRANKFURT, Feb 14 German industrial and technology group Thyssenkrupp on Wednesday reported a 35 percent increase in first-quarter operating profit, helped by a recovery at its steel unit, which it is currently trying to merge with Tata Steel.
LONDON Tata Steel will finance the repair of a blast furnace at Britain's largest steelworks in Port Talbot, Wales, extending its life by seven years and soothing concerns about its commitment to Europe's steel sector, four sources told Reuters.
* To invest in blast furnace at a cost of roughly 75 mln pounds
DUESSELDORF Steel workers at Germany's Thyssenkrupp voted on Monday in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel until 2026, removing another key hurdle for the tie-up.
* Approval key step in creating Thyssenkrupp-Tata Steel JV (Recasts, adds official confirmation, Thyssenkrupp comment)
* Deutsche Telekom had 1.2 bln euro T-Systems writedown in Q3 (Adds background)
DUESSELDORF, Germany, Feb 1 German industrial group Thyssenkrupp said on Thursday it had ended its business relationship with T-Systems, in a setback to Deutsche Telekom's IT services arm as it embarks on a restructuring.
FRANKFURT/BOCHUM, Germany Thyssenkrupp will review its strategy after a planned tie-up with India's Tata Steel, its chief executive said on Friday, fuelling investor hopes for further steps to make the sprawling industrial group more focused.