ROUNDUP: Delivery Hero nearly halves loss - but falls short of expectations

BERLIN - The food delivery service Delivery Hero has brought in less loss in the first half of the year than a year earlier. However, the company with brands such as Foodpanda and Tabalat missed the average expectations on the capital market. In Wednesday morning trading, the stock slid seven percent, putting it at the bottom of the MDax. This corresponds to the lowest value since April. Since the turn of the year, the shares have already lost around a quarter of their value.

ROUNDUP: Aroundtown real estate group devalues portfolio - billion loss

LUXEMBOURG - Commercial real estate specialist Aroundtown continues to feel the effects of the weak environment. High interest rates are putting pressure on real estate values. As a result, the company had to significantly devalue its portfolio in the first half of the year, posting a loss of billions of euros. In addition, Aroundtown sold properties slightly below book value. The operating business was also weaker, but better than analysts expected. For the current year, the company was slightly more optimistic than before.

Circles: Wintershall Dea considers sale of stake in pipeline holding company

KASSEL - Oil and gas group Wintershall Dea is considering selling its stake in pipeline operator holding company Wiga, according to sources. Together with a consultant, the company is looking for a buyer for its 50 percent stake in the company, the Bloomberg news agency reported Wednesday, citing people familiar with the matter. According to the report, Wiga's assets, including debt, are worth a total of more than five billion euros.

Software provider Suse continues to grow slowly

LUXEMBOURG/NUREMBERG - Weakening software provider Suse continued to make slow progress in its third fiscal quarter. Sales rose 2 percent year-on-year to $173 million (160 million euros) in the three months to the end of July, the SDax-listed company announced Wednesday in Luxembourg. Earnings before interest, taxes, depreciation and amortization, adjusted for special effects, slumped 14 percent to $55.9 million due to high growth investments. Below the line, the specialist for Linux operating systems widened its loss by 9 percent to 14 million dollars.

EU car market continues to recover in July - Less growth than in the first half of the year

BRUSSELS - Car sales in the European Union recovered a further bit in July from their weakness of recent years. A total of 851 156 passenger cars were newly registered, 15.2 percent more than a year earlier, according to the European industry association Acea in Brussels on Wednesday. Compared to the first half of the year, however, the recovery weakened. Thus, for the first seven months of the year, an increase of 17.6 percent to just under 6.3 million cars is on the books. But that's still 22 percent less than the same period in the pre-Corona year. In 2022, shortages of electronic chips and other components had slowed auto production.

Insurer Prudential earns more on new business

LONDON/HONG KONG - British life insurer Prudential significantly increased its profit from new business in the first half of the year. This grew by 36 percent to 1.49 billion U.S. dollars (1.37 billion euros), the company announced in London on Wednesday. That was slightly more than analysts surveyed by Bloomberg had previously expected. On the bottom line, the Asia and Africa-focused group posted a profit of $947 million - up from a loss of $1.5 billion a year earlier. New Chief Executive Officer Anil Wadhwani aims to increase earnings from new business by an average of 15 percent to 20 percent annually from 2022 to 2027, Prudential announced after a strategy review.

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

/jha