ROUNDUP: Adidas more optimistic thanks to 'Yeezy' sales - share rises strongly

HERZOGENAURACH - Sporting goods group Adidas is becoming more optimistic about the current year after initial sales of its "Yeezy" products. Overall, the Adidas business also performed slightly better than expected by the Dax Group in the second quarter. As a result, the expected loss and sales shortfall in 2023 should be lower than anticipated, as the manufacturer announced the previous evening in Herzogenaurach. On Tuesday morning, investors reacted enthusiastically on the stock exchange.

ROUNDUP: Unilever benefits from price increases - share rises

LONDON - Consumer goods maker Unilever is confident of a little more growth in 2023 after an unexpectedly good run so far. In the first six months, price increases in particular boosted the group's business. The half-year figures and the improved forecast were well received by experts and investors.

ROUNDUP/Lower glyphosate prices: Bayer with quarterly loss - outlook lowered

LEVERKUSEN - Not an easy start for Bayer CEO Bill Anderson, who has only been in office since June: when he presents his first quarterly financial statements at the beginning of August, the company's leader will have to justify a billion-dollar loss in the second quarter of the year. After a boom in 2022, prices for the weed killer glyphosate have now fallen significantly, and weaker demand for the drug make it necessary to write down goodwill in the billions, as the DAX group announced on Monday evening in Leverkusen. Therefore, there is a loss of billions for the second quarter. In addition, Bayer lowered the annual outlook. Experts had already expected, but the extent surprised. The share price quickly recovered on Tuesday after initial losses.

ROUNDUP: Flatexdegiro builds on second half of the year - Vice President resigns

FRANKFURT - Online broker Flatexdegiro is banking on better business in the second half of the year after weak months. A further significant improvement in margins is expected in the second half of the year, the company announced in Frankfurt on Monday evening. And CEO Frank Niehage expressed confidence that the recently weakening securities trading business will grow again in the future. On Tuesday, Flatexdegiro also came up with a surprising departure: Vice President Muhamad Chahrour is leaving the company at the end of December - after only one year in his current position.

U.S. chemical company Dow sees slumping profits and earnings

MIDLAND - Customer reticence, especially in Europe, has weighed heavily on the balance sheet of US chemicals group Dow in the second quarter. Sales shrank in the three months to the end of June by 27 percent year-on-year to 11.4 billion U.S. dollars (10.8 billion euros), as the company announced on Tuesday in Midland (U.S. state of Michigan). However, analysts had expected an even lower profit. In addition to the significant decline in sales in Europe, the Middle East, Africa and India, the company also had to contend with lower prices.

US auto giant General Motors raises profit outlook again

DETROIT - U.S. automaker General Motors (GM) again expects better business in the current year than previously after a jump in profits. Chief executive Mary Barra now expects net income of $9.3 billion to $10.7 billion (up to 9.6 billion euros) in 2023 instead of $8.4 billion to $9.9 billion, the company said Tuesday in Detroit. Day-to-day earnings should also be slightly higher at $12 billion to $14 billion before special items and interest and taxes. Previously, Barra had 11 billion to 13 billion on tap.

Spotify gains more users than expected

STOCKHOLM - Music streaming market leader Spotify gained significantly more new users than expected last quarter. However, due in part to higher levies on the music industry, Spotify remains deep in the red. The company is now countering this with a price increase in many countries. Germany is excluded for the time being.

ROUNDUP: Amadeus Fire earns more in the first half - share loses significantly

FRANKFURT - The personnel services provider Amadeus Fire has continued its growth course from the first quarter. The training business in particular performed significantly better in the first six months of the current fiscal year than a year earlier. The Personnel Services segment remained stable. Demand from companies for specialists and managers was at a good level overall, the company announced in Frankfurt on Tuesday. The Executive Board confirmed the earnings target for the full year 2023.

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Further news

-Industry association PCA: passenger car sales in China could also fall in July

-Siemens Healthineers rival GE Healthcare raises forecast

-Verizon with lower sales and profits - but still exceeds expectations

-ROUNDUP: World beer production rises - Hop harvest slumps due to extreme weather

-Musk: Twitter name too small for future service

-Lufthansa appeals against EU ruling on Corona aids

-Alstom collects significantly more orders than expected - shares up

-Strong demand and maintenance business boost confidence at General

Electric

-Auto insurers suffer losses - Association expects higher premiums

-Hochtief earns more

-Material shortage: Airbus jets powered by Pratt & Whitney have to go in for maintenance

-ROUNDUP/Statistics: Life expectancy during Corona down by half a year

-Evaluators advise simplification of arms procurement

-Lufthansa doubts price drop for sustainable fuels

-Court: Heavy rain and fog no reason for reduced travel price

-ROUNDUP/BGH: Flight cancelled - free rebooking for later trip possible

-Experts see limits to cannabis legalization

-Travel companies bring back thousands of Rhodes vacationers early

-Google puts fresh Street View images of Germany online

-Bahn buys XXL suburban trains for Munich from Siemens Mobility

-ROUNDUP/Scientist: 'Parliamentary loop' delays arms procurement

-Expecting strong online trade: DHL takes over Turkish parcel service provider

-TV ratings: Great interest in special broadcasts on fires in Greece°.

Customer Notice:

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

/jha