Europe's top stories - weekly summary

22 July 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 19 July 2013.

Europe spot acetone prices stabilise, demand flat
European spot acetone price and demand levels have stabilised with not much expected to change in the coming weeks, sources said on Friday.

Divestment buoys Akzo Q2 results, but outlook muted for 2013
AkzoNobel said on Thursday that the sale of its North American decorative paints business helped to drive a strong rise in net income for the second quarter of 2013, but that sales and operating income were down, and the outlook for 2013 remains muted.

Europe spot benzene approaching yearly lows
Falling global prices and soft derivative demand have helped pull European benzene prices down in July, sources said on Wednesday, with spot numbers fast approaching the lowest point so far in 2013.

Strong earnings for new industrial gases projects, Bernstein says
New projects in the industrial gases sector completed between 2010 and 2012 have been strong drivers of profitability for two of Europe’s largest gases players, US analyst Bernstein Research said on Tuesday.

UBS raises target share price for Swiss EMS on strong H1 results
UBS has raised its target share price for EMS Group after the Switzerland-based producer reported strong first-half net operating income, the investment bank said on Monday.

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By: Staff Reporter
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