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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abb | LSE:ANN | London | Ordinary Share | CH0012221716 | CHF2.50(REGD) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 1,356.41 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 1,356.41 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/10/2024 | 07:30 | ALNC |  TOP NEWS: ABB improves in quarter but lowers full-year revenue outlook |
| 18/7/2024 | 08:54 | ALNC | ABB profit climbs 11% in second quarter amid "solid" demand |
| 18/4/2024 | 07:36 | ALNC | TOP NEWS: ABB first quarter results show 2024 "has started off well" |
| 08/3/2024 | 21:12 | ALNC | ABB inks USD150 million contract to power trains in Queensland |
| 23/2/2024 | 07:37 | ALNC | ABB appoints Wierod as CEO from August, replacing Rosengren |
| 01/2/2024 | 08:30 | ALNC | TOP NEWS: ABB boosts annual profit but quarterly earnings decline |
| 11/1/2024 | 06:52 | ALNC | IN BRIEF: ABB acquires robotics firm Sevensense for undisclosed amount |
| 08/1/2024 | 17:31 | ALNC | IN BRIEF: ABB buys Canadian company Real Tech |
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| Date | Time | Title | Posts |
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| 18/7/2012 | 05:53 | Alexander Nubia eyes "enormous prize" at Hamama | - |
| 23/9/2010 | 08:17 | ANN WILL DOUBLE YOUR MONEY::::::::: | 900 |
| 03/12/2004 | 08:16 | ANN WIDDECOMBE - THE NEXT THATCHER? | 44 |
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Posted at 30/7/2010 10:21 by sheeneqa ABB successful in bid to acquire 75% stake in its Indian subsidiary Zurich, Switzerland, July 27, 2010 ABB, the leading power and automation technology group, said today its open offer to increase the stake in its Indian subsidiary from 52.11 percent to 75 percent has been successful. During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 percent of the outstanding shares. ABB will acquire the shares on a proportionate basis since the offer has been oversubscribed by approximately 1.5 percent. The offer of Rs 900 per share, which was announced on May 17, 2010, values the transaction at approximately $965 million (based on foreign exchange rates at the time of the announcement). The share purchase is aimed at facilitating the long-term development of ABB's business in India. Assuming all acceptances have been validly tendered, ABB will increase its stake in ABB India from 52.11 percent to 75 percent. The final payment and credit of shares tendered is expected on or before August 10, 2010. A post-offer public announcement, in accordance with local requirements, with details of the shares tendered in the open offer will be published once the acquisition of shares has been completed. The open offer is being managed by HSBC Securities and Capital Markets (India) Private Limited. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people |
Posted at 26/4/2010 09:28 by ariane Shetrust you are well i hope you don't mind if i start a new thread showing ABBN as the new epic Ann tends to detract from abb as a great share enjoy your week |
Posted at 22/4/2010 09:41 by waldron Dividend information ABB's Board of Directors has proposed a dividend for 2009 of 0.51 Swiss francs per share, an increase of 0.03 Swiss francs per share, or 6 percent, compared to the prior year. The Board has also proposed that the dividend takes the form of a reduction in the nominal (par) value of the shares from 1.54 Swiss francs to 1.03 Swiss francs. The proposal is subject to approval by shareholders at the company's annual general meeting on April 26, 2010. If approved, the ex-dividend and payout date in Switzerland is expected in July 2010. |
Posted at 23/3/2010 08:44 by waldron Morgan Stanley lifts target on ABB to CHF25Posted on: Mon, 22 Mar 2010 05:29:09 EDT Symbols: MS, ABB Do you know when to trade MS & ABB ? Check for a PowerRating from TradingMarkets Dublin, Mar 19, 2010 (M2 PRESSWIRE via COMTEX) -- 22 March 2010 - Morgan Stanley raised Monday its share price target on Swiss-Swedish engineering group ABB Ltd (VTX: ABBN) (STO: ABB | Quote | Chart | News | PowerRating) to CHF25 from CHF23 and rated "equal weight" on the stock. The broker has upgraded its estimates for ABB's profit for 2010 and 2011 by 5.4% and 7.5%, respectively. With its restructuring programme, the group will be able to compensate for the decline in prices and volume and thereby keep the margins stable. "We see potential for guidance upgrades in 2010 when the resistance power in the margins becomes visible," Morgan Stanley said. The broker also sees a chance that ABB will post a surprising order intake next year. The share price target in such a more optimistic scenario is about CHF33, corresponding to an upside potential of some 45% over the current levels. Last Friday, the shares in ABB closed at CHF22.42, down by 1.84% on the day, on the SIX Swiss Exchange. In Stockholm, the stock had lost 1.37% to SEK150.80. (EUR1 = CHF1.4, EUR1 = SEK9.7) Comments on this story may be sent to nbr.feedback@nordicb For full details on Morgan Stanley (MS) MS. Morgan Stanley (MS) has Short Term PowerRatings at TradingMarkets. Details on Morgan Stanley (MS) Short Term PowerRatings is available at This Link. For full details on Abb Ltd (ABB) ABB. Abb Ltd (ABB) has Short Term PowerRatings at TradingMarkets. Details on Abb Ltd (ABB) Short Term PowerRatings is available at This Link. |
Posted at 12/3/2010 14:36 by ariane ABB surged 1.6 percent to 22.52 francs. Citigroup lifted its share-price estimate to 27 francs from 23 francs, citing "attractive longer-term growth prospects." |
Posted at 18/2/2010 06:36 by ariane ABB 4Q Net Profit Jumps To $540 Million, Increases Dividend By Goran Mijuk Of DOW JONES NEWSWIRES ZURICH (Dow Jones) ABB Ltd. (ABB) Thursday reported a more than twofold rise in fourth quarter net profit on the absence of crippling charges and as the Switzerland-based electrical engineering company benefited from cost cutting. The company said net profit for the three months to the end of December rose to $540 million, up from $213 million a year earlier when the company had to make legal provisions and take revamp charges. The figure beat the $447 million forecasts of 11 analysts polled by Dow Jones Newswires. "By acting quickly and decisively, we delivered a 2009 result well within our profitability target," said Chief Executive Joe Hogan. Thanks to strict cost controls and financial management, the company also boosted its operating cash flow 30.9% to $1.78 billion from $1.36 billion a year earlier, allowing ABB to lift its dividend 6% to CHF0.51 Swiss francs ($0.46) per share, up from CHF0.48. Looking ahead, Hogan said: "We'll continue to aggressively pursue growth in emerging markets...and at the same time, cost will remain a key focus." ABB said it will expand its cost savings target to $3 billion, up from about $2 billion previously. ABB's order development was strong. In the fourth quarter, orders rose 4% to $7.45 billion from $7.18 billion, partly helped by the weak dollar and still healthy demand in Asia. Orders are closely watched by the market as they indicate future revenue streams. Revenue, meanwhile, fell 4% to $8.76 million from $9.14 billion a year earlier. Web Site: -By Goran Mijuk, Dow Jones Newswires, +41 443 80 47; goran.mijuk@dowjones |
Posted at 27/11/2009 10:35 by grupo guitarlumber 3rd UPDATE: ABB To Restructure Automation Business(Adds CEO comment and detail.) By Goran Mijuk Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Swiss engineering company ABB Ltd. (ABB) Friday said it will overhaul its multi-billion-dollar automation business in an effort to better tap growth in a difficult economic environment. The revamp raised hopes ABB would find fresh pockets of growth in businesses such as renewable energy and further squeeze costs. It also rekindled hopes ABB might be preparing for a bigger acquisition in the automation field. As part of the restructuring, the company said its business units automation products and robotics will be regrouped from Jan. 1, 2010, into two new divisions--discrete automation and motion, and low-voltage products. ABB said its process automation division, which manufactures electrical motors and generators, will remain unchanged except for the addition of the instrumentation business from the automation products division. "ABB's automation businesses, with their focus on productivity and energy efficiency, have tremendous scope for growth," said Chief Executive Joe Hogan. "We have strengthened the market approach by grouping together businesses with similar customers, technologies and service models, which will help us accelerate the development of solutions for our customers." Hogan said the revamp would facilitate the integration of potential acquisitions, but was done primarly to improve ABB's market access and help it generate a bigger and more stable revenue share from service offerings. "I've been thinking about a new strucuture for the last few months," Hogan said during a conference call, adding the company's automation business looked the "most confusing" to outsiders, including investors and clients. The new structure should allow clients to realize and better tap ABB's entire range of product offerings, Hogan said. ABB will provide fresh revenue and profit goals next year for the new divisions, which have been under pressure amid the economic downturn as clients have shelved industrial production projects due to sagging consumer demand and a shortage of credit. In the third quarter, overall orders fell around 20% to $7 billion while revenue dropped 10% to about $7.9 billion, helped partly by ABB's still-solid power infrastructure operations. ABB's robotics unit, which manufactures industrial robots for the automotive, construction and airline industries, has been suffering from a decline in orders of more than 50% during the past few quarters. ABB's low-voltage products division, which has annual sales of about $4.8 billion, should benefit from still relatively healthy demand for electrical equipment, the company said. The unit will be led by Tom Sjoekvist. The new discrete automation and motion division, which will be run by Ulrich Spiesshofer, should increasingly tap into growing market segments for renewable energy. It should also benefit from ABB's robot expertise that should give the company an advantage over competitors such as Germany's Siemens AG (SI) and U.S.-based Rockwell Automation Inc (ROK). The division had pro forma sales of about $6.6 billion in 2008. Process automation, which will continue to be led by Veli-Matti Reinikkala and has annual sales of about $8.4 billion, should benefit from the integration of the instrumentation business as measuring temperature, flow and pressure are key to optimizing industrial processes, ABB said. Analysts welcomed the changes, expecting the new structure to help ABB further take out costs and adapt better to changing customer needs. "The new divisional structure could also hint at upcoming mergers and acquisition activity," said Panagiotis Spiliopoulos, analyst at Bank Vontobel, who rates the stock at hold. ABB last February ousted its long-standing CEO Fred Kindle, who left the firm amid a dispute over the company's acquisition strategy, which the board considered to be too tame. The company's appointment of deal maker Hogan, who joined from General Electric Co (GE), was taken as a sign ABB would use some of its liquid assets for a bigger buy instead of a flurry of minor deals. But so far no major acquisition has emerged as Hogan's arrival coincided with the start of the economic downturn, pushing him to concentrate on cost cutting and streamlining ABB's businesses in Europe and the U.S., which were hit hardest during the downturn. However, hopes are still alive ABB could spend some of its more than $5 billion in cash for a major acquisition that would boost its market share and help generate more economies of scale. At 0949 GMT, ABB's shares traded up CHF0.05, or 0.3%, at CHF18.6 while the broader Swiss market traded down 0.5%. The stock has gained about 19% in value this year |
Posted at 09/7/2009 08:19 by waldron ABB shareholders approve all Board proposals Zurich, Switzerland, May 5, 2009 Shareholders of ABB, the leading power and automation technology group, have approved all proposals submitted by the Board of Directors to the company's annual general meeting in Zurich today. All eight members of the Board were re-elected for another annual term. The Board of Directors re-elected Hubertus von Grünberg to the position of Chairman of the Board. Shareholders voted for a payout of 0.48 Swiss francs per share for 2008, to be paid in the form of a reduction in the nominal value of the shares. They agreed to reclassify legal reserves to increase ABB's share capital flexibility, and to renew the authorized share capital, a measure that allows the company to issue as many as 200 million shares during the next two years. A total of 1,369 shareholders attended the annual general meeting and 52.5 percent of the total share capital was represented. They approved the annual report, the consolidated financial statements and the annual financial statements for 2008. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people. |
Posted at 31/3/2009 21:00 by waldron ABB: Switzerland's Slumbering Giant 4 commentsby: Paul Harper March 31, 2009 This Swiss power & automation specialist ABB is moving from strength to strength with the recent announcement of a 550m contract which integrates with a green power project in Ireland. Irish system operator Eirgrid, has ordered a transmission system using HVDC Light (high-voltage direct current), an ABB technology with environmental benefits that include neutral electromagnetic fields, oil-free cables, low electrical losses, and compact converter stations. The solution will allow Ireland to expand wind power generation & via the new link, will enable it to import power from the UK as needed & to export power when it generates a surplus. "We are delighted to partner Eirgrid for this project," said Peter Leupp, head of ABB's Power Systems division. "ABB's HVDC Light technology will enhance the stability of both the Irish and U.K. transmission grids, and also expand capacity for the use of renewable power." For those not in the know, ABB Ltd, is a global leader in power and automation technologies, enabling customers to improve performance while lowering potential environmental impact. The company has operations in 87 countries globally & currently carries a workforce of approximately 110,000 employees, delivering complex power projects into logistics, energy, industry & utility sectors. This is just the latest in a string of deals that ABB has managed to pull together in the face of the turmoil in global markets. Looking at ABB's press release pages, it is apparent that the company has capitalised on its almost unique position as a global player in its field. In 2009 alone, ABB has so far announced in the region of $2.3bn in new contracts, a strong performance in these troubled times. Referring to ABBs annual report (a weighty 7.4Mb file) from 2008, revenues rose 20 percent to a record $34.9bn as the company continued to drive growth and also managed to deliver on its strong order backlog, more on that later. Earnings before interest and taxes (EBIT) reached $4.6bn, with the company recording its second highest net income statement in its history, even after provisions taken in the fourth quarter, which saw the order book drop by 60% on 2007 Q4 earnings. Admirable stuff. Even more admirable is the fact that ABB exited 2008 with an order backlog in the region of $24bn, which is a huge cushion to take it through the troubled waters of 2009. ABB is not however resting on its laurels. Under the new management team of CEO Joe Hogan (recent head of GE's Healthcare division), the company has reacted to the global shift, as ABB's business is pretty much tied to GDP of the countries it operates in. Hogan has instigated a cost reduction plan that should pare costs by as much as $1.3Bn per annum. The company has recognised that its orders are down in Europe, as industrial and construction demand has dramatically slowed. Also in Asia, ABB has suffered, mainly due to the fact that the explosive growth in the region in 2007 could not be offset in 2008. One area that I am sure ABB will be focusing on is Emerging Markets, which will need to continue expanding their power grids for years to come, while mature economies in North America and Europe will only look to smaller upgrades to legacy platforms. This can already be seen in recent wins in Mozambique, Kuwait, Oman, Saudi & South Africa. The company is also looking into how it may capitalise on the fact that countries must tackle climate change, if they are to continue to grow their GDP and satisfy growing consumer demand for greener technologies. I feel that ABB is under recognised by the markets & looking at the ADR's performance against the criteria above, can only come to the conclusion that it is severely undervalued at today's price of $13.50, having reached a 52 week low of $9.11. Past shrewd management of assets, coupled with a typically Swiss style of quietly acquiring smaller companies to either subsume competition or add to its technology base, make ABB a winner for me. To that end, I instigated a buy on the ADR Monday and am setting a target price of $25 by Q3 of 2009. I am also of the opinion that ABB will profit from some of the new energy projects that have been announced and which I have previously commented upon on MyStockVoice, particularly in the Brazilian Petrobras (PBR) and the West African Total (TOT) projects. Disclosure: Long ABB. |
Posted at 14/2/2009 09:51 by grupo guitarlumber February 12, 2009 - 9:46 PM ABB accelerates move to cheaper markets Image caption: Hogan is prepared to grasp the nettle (Keystone)Swiss-Swed The firm said it must reduce costs and exploit higher demand for its services in countries including Mexico and Poland after profits and orders fell appreciably last year. ABB announced on Thursday that net profits tumbled by 17 per cent in 2008 to $3.1 billion (SFr3.6 billion). This included an 88 per cent fall in fourth-quarter net profit to $213 million. The company that specialises in equipment and services for the energy and automotive sectors also cautioned that orders had fallen by about ten per cent in the last three months of 2008 particularly large scale projects. It plans to reduce costs by $1.3 billion in the next two years. ABB revealed that it has built or expanded 30 plants in emerging markets in the last year. Staff in countries including Estonia, Vietnam, Brazil and Egypt now make up 44 per cent of total headcount compared with 30 per cent four years ago. No evacuation New chief executive Joe Hogan would not comment directly on how this could affect jobs in developed markets, including the home bases of Switzerland and Sweden. But he told swissinfo that the focus was on expanding operations in cost efficient countries. "It's going to accelerate. We have to do that in the sense of the economic environment that we are faced with," he said. "Obviously when order rates are down ten per cent in the fourth quarter, with some businesses down 30 per cent, then we have to take cost actions." Hogan, who joined the group a year ago after the shock departure of former CEO Fred Kindle, added that cost reductions would only be made in underperforming divisions in countries with low demand. "This will not be a complete evacuation from high-cost to low-cost countries," he said. ABB increased its staff by 8,000 last year to 120,000. The company also hopes to cash in on infrastructure projects in developed countries financed by a raft of government stimulus packages. Positive signs Annual profits were hit by a previously announced $870 million provision largely to cover the costs of investigations in the United States and Europe into suspect payments and alleged anti-competitive practices between 2004 and 2007. Of that sum, $140 million was earmarked for restructuring costs. ABB said it would halt its SFr2.2 billion ($1.9 billion) share buyback scheme until further notice to safeguard its $5.4 billion cash stockpile. The firm spent $650 million on company takeovers last year and said it would continue to look at small to mid-sized targets. Hogan admitted that the immediate future was uncertain, but insisted that the company would not cut its previously announced growth targets until 2011. ABB has enjoyed a remarkable turnaround in fortunes after facing bankruptcy at the turn of the century. "Orders were down as customers delayed projects or cut capital expenditures. But the long-term drivers of our business to increase energy efficiency, secure reliable power and improve industrial productivity have not changed," he said. swissinfo, Matthew Allen in Zurich ABB 2008 FULL-YEAR RESULTSNet profit: $3.1 billion ($3.76 billion in 2007) Revenues. $34.9 billion ($29.2 billion) EBIT (earnings before interest and tax): $4.55 billion ($4 billion) Total staff: 120,000 (112,000) A shareholder dividend of SFr0.48 per share has been proposed. -------------------- ABB IN EMERGING MARKETSABB employed 52,659 staff in emerging markets (EMs) in 2008, compared with just under 30,000 in 2004. The proportion of total group headcount rose from 30% to 44%. Some 45% of all manufacturing employees are based in EMs. The group has increased its sourcing spending (procurement of goods, materials and services) from EMs by $5 billion since 2005. EMs will provide 40% of the group's total sourcing by 2010, according to ABB plans. ABB built or expanded 30 manufacturing plants in EMs last year. The company plans to expand both manufacturing and engineering capacity in these countries in future. -------------------- LINKSABB ( ABB statement ( ABB share price ( -------------------- -------------------- URL of this story: |
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