NEW YORK-- Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. fell$. 13 or. 3 percent, to $49.78. DuPont Co. rose$. 26 or. 4 percent, to $67.50.» Read More
Chemical company DuPont said on Tuesday that first-quarter profit rose 26 percent, spurred by robust demand for its biotech seed offerings and crop protection chemicals.
Rising food and energy prices took a toll on the bottom line of Associated British Foods -- the owner of retailer Primark -- the company said on Tuesday.
Chemical maker DuPont raised its profit forecast Thursday, saying strong growth in its agriculture businesses and emerging markets should help offset weakness in U.S. housing and automotive markets.
The stock's down 10% Tuesday. Cramer says it should be lower.
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European stocks closed lower across the board Thursday, following two days of gains, as fears over the health of the global economy remained.
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Pest control to parcel delivery firm Rentokil Initial is parachuting in the management team that turned around chemicals group ICI in a bid to recover from two profit warnings that have hammered its shares.
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The catalyst that propels this chemical stock might actually come from its ag business.
Akzo Nobel, the world's biggest producer of paints, posted forecast-beating fourth-quarter results on Thursday, boosting its shares as its coatings business grew despite the U.S. housing market crisis.
German drugs and chemicals group Bayer missed fourth-quarter earnings expectations Thursday, sending shares 4.7 percent lower on the DAX, but CEO Werner Wenning told CNBC he remains optimistic about the company’s outlook for this year.
European earnings failed to drive broader European markets higher, as disappointing numbers from bigger names and cautious guidance mostly pushed shares in reporting companies lower.
Bayer's quarterly profits missed market expectations, but the German drugs and chemicals group was upbeat about 2008 and said its healthcare and agrochemicals units would drive earnings.
Specialty chemicals company Clariant swung to profit in 2007 on reducing costs and raising prices, and CFO Patrick Jany said strong demand was likely to keep up this year.
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Full-year net profit at the world's biggest agrochemicals company, Syngenta, rose 75 percent to $1.11 billion, beating forecasts, as crop prices rose sharply amid raging demand for food and biofuel.
Dutch chemical group Akzo Nobel said on Thursday it expected 2007 revenues of 10.2 billion euros ($15.10 billion), reassuring investors about its coatings unit performance and lifting its shares.
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