Europe top stories - weekly summary

30 July 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 29 July 2012.

Belgium's Solvay Q2 net profit up 2% on higher selling prices
Solvay’s second-quarter adjusted net profit rose by 2% year on year to €258m ($319m), buoyed by higher selling prices and favourable currency effects, the Belgium-based producer said on Friday.

BASF cautious on H2 outlook, sees chems weaker in 2012
BASF does not expect global economic growth to pick up in the second half of the year and believes it unlikely that earnings from its chemical businesses in 2012 will match those of 2011, the company said on Thursday.

Germany’s Wacker expects challenging year ahead
Wacker Chemie expects full-year 2012 sales for the group to be slightly below the figure reported last year, as it anticipates a challenging economic environment marked by uncertainty, it said on Wednesday.

UK Croda’s shares rally after positive first-half earnings
Croda's shares rallied on Tuesday after the UK-based specialty chemicals firm reported strong half-year earnings.

Europe chem stocks fall on fears Spain needs full sovereign bailout
European chemical stocks fell sharply on Monday, in line with financial markets, amid fears Spain will need a full sovereign bailout after a second region indicated it will ask the country's government for financial help.

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By: Franco Capaldo
+44 (0)20 8652 3214



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