S32 News: Basic Materials Roundup: Market Talk - 22nd Jan 2024, 10:19pm

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0806 GMT – BASF preliminary results for 2023 are below expectations, with the German company’s chemicals division causing the biggest shortfall due to unplanned shutdowns, Deutsche Bank Research analyst Virginie Boucher-Ferte says in a research note. Sales are expected to be at EUR68.90 billion, down 21% year-over-year, 1% above the bank’s expectation but 2% below consensus, Boucher-Ferte says. 0256 GMT – South32 bull Jefferies reiterates its buy rating on the stock, despite ...

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