ROUNDUP: T-Mobile US wants to buy back more shares - Telekom shares in the red

BELLEVUE/BONN - Telekom subsidiary T-Mobile US wants to buy back billions of its own shares again. After the 14 billion U.S. dollars released so far, company CEO Mike Sievert plans to buy back his own shares for up to just over 15 billion dollars (14 billion euros) by the end of next year. Just under four billion dollars is to be paid out to shareholders in the form of dividends. The total volume of the capital distribution program amounts to 19 billion dollars, the company announced in Bellevue on Wednesday.

ROUNDUP: SAP acquires software management company LeanIX

WALLDORF - SAP wants to strengthen its activities around software for business transformation with an acquisition. To this end, the Walldorf-based Dax company wants to swallow its long-time partner LeanIX. The Bonn-based software management company provides customers with a better overview of their existing IT systems - and is also intended to facilitate the transition to SAP's core software S/4 Hana. SAP shares were up 0.5 percent on the Dax in the morning.

Industry association PCA: Car sales surprisingly up in August

PEKING - Demand in the world's most important car market, China, surprisingly picked up again in August. The number of deliveries rose by two percent year-on-year to 1.9 million cars, the industry association PCA (Passenger Car Association) announced in Beijing on Thursday on the basis of preliminary figures. At the end of August, the association had still announced that sales could have fallen again and forecast a drop of just over one percent to 1.85 million cars.

Number of Airbus deliveries falls

TOULOUSE - The world's largest aircraft manufacturer, Airbus, saw a further slowdown in its deliveries in the month just ended. In August, 52 aircraft went to its customers, the DAX-listed group announced Wednesday after the close of the stock exchange. This means that 433 of the 720 aircraft that Group CEO Guillaume Faury has set as a target for this year have now been delivered. In June, the manufacturer had handed over 72 commercial jets to its customers, but in July there were already seven fewer. Meanwhile, Airbus received orders for almost 120 new aircraft in August.

Thyssenkrupp CFO Klaus Keysberg leaves Group

ESSEN - Thyssenkrupp CFO Klaus Keysberg will leave the Group. He has decided not to extend his contract, which runs until the end of July 2024, the MDax-listed company announced in Essen on Wednesday evening after close of business. According to company sources, Keysberg started at thyssenkrupp in 1996 and has been responsible for the group's finances since April 2020. Management has begun a search for a successor, it said.

Nestle acquires majority stake in Brazilian chocolate maker

VEVEY - The world's largest food manufacturer Nestle is acquiring a majority stake in Brazilian premium chocolate maker Grupo CRM from financial investor Advent International. Grupo CRM operates a direct-to-consumer model with more than 1,000 chocolate boutiques under the Copenhagen and Brasil Cacau brands, as well as a growing online presence, according to a statement Thursday. The transaction is expected to close in 2024, subject to customary regulatory approvals. Financial terms were not disclosed.

Circles: China plans iPhone ban at workplace for civil servants, among others

LONDON - China plans to partially ban employees of state-backed employers and state-owned enterprises from using Apple iPhones at work, in addition to certain civil servants, according to insiders. Some state employers have already instructed employees to stop bringing their iPhones to work, the Bloomberg news agency reported Thursday, citing people familiar with the matter. Earlier, the Wall Street Journal, citing people with knowledge of the matter, had written that Chinese government employees would have to leave their iPhones at home. The price of Apple shares fell in midweek by about three and a half percent.

Chipmaker SK Hynix tests chips in Huawei smartphone

SEOUL - South Korean chipmaker SK Hynix has launched its own investigation into the suspected use of its products in Chinese vendor Huawei's new smartphone. The South Korean company made clear Thursday it would no longer supply memory chips to the Chinese tech giant. "SK Hynix has not done business with Huawei since the introduction of the U.S. restrictions against the company," it said in a statement. As for the issue of chips being installed in the Huawei device, "we have started an investigation to find out more details."

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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.

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