Hensoldt AG is looking to take on engineers from auto supplier Aumovio SE that’s cutting jobs to help boost its ranks as the defense boom gathers pace. The radar and sensor maker is seeking to raise headcount by 1,600 people this year, which would boost its workforce by roughly a third over two years. Hensoldt wants to hire engineering, software and electronics specialists, it said Monday, forging...
Hensoldt AG is looking to take on engineers from auto supplier Aumovio SE that’s cutting jobs to help boost its ranks as the defense boom gathers pace. The radar and sensor maker is seeking to raise headcount by 1,600 people this year, which would boost its workforce by roughly a third over two years. Hensoldt wants to hire engineering, software and electronics specialists, it said Monday, forging an agreement with the auto parts maker to explore job transfers for sites in Germany, they said. Car parts maker Aumovio, which was spun out of Continental AG last year, announced in January that it would cut 4,000 research and development roles by the end of 2026. This restructuring also affects southern German sites located near Hensoldt’s plants. The agreement is intended to facilitate the transition of Aumovio employees into roles at these locations. Hensoldt is growing rapidly and hired about 1,200 new workers last year, increasing the size of the workforce to roughly 9,500 personnel. The German defense supplier already offered to take over nearly 200 Continental and Robert Bosch GmbH employees from locations in Wetzlar and the Stuttgart region in January of last year. This agreement shows how Germany’s growing burgeoning defense sector could help its struggling auto industry by retaining workers. Both Hensoldt’s Chief Executive Officer Oliver Doerre as well as several of his peers have cautioned how many roles they could fill. Apart from such job transition agreements, the continent’s defense boom has seen Renault SA starting to make drones in collaboration with French defense contractor Turgis Gaillard . German firm Schaeffler AG is set to enter an agreement with defense tech company Helsing GmbH to provide electronic components for unmanned aerial vehicles.
Tim Robberts Stock index futures were higher on Monday as oil prices touched $100 amid continued concerns over the Iran conflict. Now, here are five news stories that broke overnight to watch out for: Sable Offshore pipeline dispute: California regulators have ordered Houston-based Sable Offshore ( SOC ) to remove a section of pipeline that runs through Gaviota State Park, escalating a dispute jus...
Tim Robberts Stock index futures were higher on Monday as oil prices touched $100 amid continued concerns over the Iran conflict. Now, here are five news stories that broke overnight to watch out for: Sable Offshore pipeline dispute: California regulators have ordered Houston-based Sable Offshore ( SOC ) to remove a section of pipeline that runs through Gaviota State Park, escalating a dispute just days after the federal government directed the company to restart oil operations along the Santa Barbara coast. The California Natural Resources Agency said the pipeline segment lacks necessary state authorization, setting up a direct conflict between state and federal directives over the company’s operations. S&P 500 growth outlook: Goldman Sachs strategists say the U.S. stock market still has room to climb, projecting the S&P 500 ( SP500 ) could reach 7,600 by the end of 2026 as corporate earnings expand and the economy continues to grow at a moderate pace. The bank expects S&P 500 earnings to rise to about $309 per share in 2026 and $342 in 2027, implying annual growth of roughly 12% and 10%, respectively. Defense technology setbacks: Efforts to deliver major software upgrades for the F-35 Lightning II fighter jet stalled last year, with no new combat capability added, according to a Pentagon testing office assessment. The latest upgrade package, known as Technology Refresh-3, struggled with reliability and functionality issues during testing, remaining largely unusable for much of the year because of stability problems, missing capabilities, and newly discovered defects. Private tech-religious conference: Billionaire investor Peter Thiel has launched a series of private lectures in Rome focused on the concept of the Antichrist, drawing criticism from Catholic commentators and renewed scrutiny of the tech entrepreneur’s religious views. The invitation-only conference began Sunday and runs through Wednesday, with participants including figures from academic, technologic...
boggy22 UniCredit ( UNCFF ), an Italian banking group, launched an offer to raise its stake in Commerzbank ( CRZBF ) above 30%, offering 0.485 UniCredit ( UNCFF ) shares for each Commerzbank ( CRZBF ) share, valuing the bank at about €30.80 per share (~4% premium), CNBC reported. The company already holds about 28% of Commerzbank ( CRZBF ), including 26.04% in shares and the rest via total return ...
boggy22 UniCredit ( UNCFF ), an Italian banking group, launched an offer to raise its stake in Commerzbank ( CRZBF ) above 30%, offering 0.485 UniCredit ( UNCFF ) shares for each Commerzbank ( CRZBF ) share, valuing the bank at about €30.80 per share (~4% premium), CNBC reported. The company already holds about 28% of Commerzbank ( CRZBF ), including 26.04% in shares and the rest via total return swaps. Other major shareholders include the German government (12.72%), BlackRock ( BLK ) (5.73%), and Norges Bank Investment Management (3.14%). As per the report, the company plans to launch the offer in early May and will hold a shareholder vote on May 4 to approve a capital increase for the deal. Andrea Orcel, CEO of UniCredit ( UNCFF ), said a stake above 30%—implying a full takeover of the bank—is unlikely, as it would use about 200 basis points of its capital. UNCFF shares are down 10.5% Y/Y and were traded around $72.38 in pre-market, while CRZBF stock is down over 18% this year and traded near $33.63 on March 13. More on UniCredit S.p.A. UniCredit: Premium Profitability Deserves A Premium Valuation UniCredit S.p.A. 2025 Q4 - Results - Earnings Call Presentation UniCredit S.p.A. (UNCRY) Q4 2025 Earnings Call Transcript ClearBridge International Growth ACWI Ex-US Strategy adds and exits multiple positions UniCredit S.p.A. GAAP EPS of €1.22, revenue of €5.69B; initiates FY26 outlook
Newcastle Red Bulls head coach Alan Dickens is to leave the club with immediate effect. Dickens had been due to depart at the end of the season but an agreement has been reached to allow him to "pursue other opportunities", the club said in a statement., external He joined Newcastle in the summer of 2024 to work under director of rugby Steve Diamond, but was promoted to head coach when Diamond lef...
Newcastle Red Bulls head coach Alan Dickens is to leave the club with immediate effect. Dickens had been due to depart at the end of the season but an agreement has been reached to allow him to "pursue other opportunities", the club said in a statement., external He joined Newcastle in the summer of 2024 to work under director of rugby Steve Diamond, but was promoted to head coach when Diamond left after one game this season. The Red Bulls' current senior assistant coach, former Wales fly-half Stephen Jones, has been appointed head coach until the end of the season.