Thyssenkrupp investors to vote on defence spin-off
In response to the stance of U.S. President Donald Trump, NATO's European members are increasing their defence budgets, which has driven up the shares of companies in the sector.
The order book of Thyssenkrupp's division TKMS - which makes submarines, frigates and develops mine-sweeping technologies - has swollen to more than 18 billion euros ($21 billion) from 11.7 billion at the end of September last year.
That has in turn boosted shares of its parent, which have more than doubled year-to-date.
Thyssenkrupp plans to spin off 49% of TKMS to its existing shareholders while keeping the remaining stake.
The general meeting will start at 0800 GMT and a vote will be held later in the day following an exchange between management and investors, which include the Alfried Krupp von Bohlen and Halbach foundation, Thyssenkrupp's largest shareholder.
Analysts expect the spin-off and separate listing to take place later this year, although Thyssenkrupp has yet to specify the timing.
Last month, Berlin reached a preliminary agreement with Thyssenkrupp that guarantees it will retain influence at TKMS as the government seeks to keep a certain level of control over strategic defence assets.
($1 = 0.8583 euros)
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The Sun
a few seconds ago
- The Sun
Ukraine will be forced to surrender eastern territory & forget about joining Nato under Trump and Putin's peace terms
STRICKEN Ukraine will be forced to surrender large swathes of its eastern territory and forget about ever joining Nato under peace terms haggled by Donald Trump and Vladimir Putin. The war-torn country's desire to join the European Union is also in doubt after the two superpower presidents held controversial talks in Alaska on Friday. 8 8 8 Ukraine would be outlawed fro m joining the Western defence alliance, but have its redrawn borders underwritten by its US and European allies in the terms suggested by the White House. Allies have offered 'ironclad' security assurances to protect Ukraine from future Russian aggression if a peace deal can be forged. But it would stop short of Nato Article 5 status, which sees members of the alliance leap to the aid of any member that is attacked. Ukraine's desire to join Nato has been blamed as a root cause of President Putin's invasion. He has insisted 'Nyet' — Russian for 'No' — over the proposal. But the future security of Ukraine is the number one condition of its president, Volodymyr Zelensky. British and other European troops could be committed to police the peace, with President Trump finally conceding the Americans would play a vital role in the future defence of Ukraine. Last night, German Chancellor Friedrich Merz publicly stated: 'The good news is that America is ready to participate in such security guarantees and is not leaving it to the Europeans alone.' And PM Sir Keir Starmer said Mr Trump's 'leadership in pursuit of an end to the killing' should be commended. Calls for an immediate ceasefire were dropped by world leaders yesterday, after Mr Trump announced he was instead pursuing a more stable and lasting 'peace deal'. Trump-Putin latest- Don says 'no deal' on Ukraine war & holds call with Zelensky after saying it's now 'up to him' Plans haggled at Friday's face-to-face summit are being circulated by the Americans after the US President and the Kremlin tyrant met each other in Anchorage, Alaska, for more than three hours. The Sun has been told a surrender deal would see Ukraine forced to reject Nato membership and other 'multinational deals'. Negotiations would also begin about ceding control of the Donetsk and Luhansk regions of Eastern Ukraine which are, in part, heavily occupied by Russian troops. There was confusion last night over whether the talks would focus on territory currently held by the Kremlin invaders, or whether the wider regions were on the table. Yesterday, EU leaders insisted: 'Russia cannot have a veto against Ukraine's pathway to EU and Nato.' However, that does not rule out Mr Zelensky deciding to withdraw Ukraine's stated aim to join both alliances as part of the wider deal. He will fly to Washington DC on Monday to meet with President Trump at the White House — six months after their disastrous Oval Office bust up, which saw the leader of the free world savage Mr Zelensky live on TV. 8 Russia has long claimed Donetsk and Luhansk are more loyal to Moscow than Kyiv, while Mr Zelensky has publicly ruled out giving up the land. However, he is under massive pressure to concede and end the bloody three-and-a-half year conflict, which has seen more than a million deaths. European leaders were locked in talks with the White House this weekend, as the world scrambled to catch up with what Mr Trump had offered Mr Putin to end the war. Last night, UK government sources said the PM was playing a key role in selling the terms of the deal to wider Western allies in a series of calls following the talks between the Americans and Russians. I welcome the openness of the United States, alongside Europe, to provide robust security guarantees to Ukraine as part of any deal. This is important progress and will be crucial in deterring Putin from coming back for more Sir Keir Starmer's statement President Trump yesterday insisted it is time for Mr Zelensky to choose whether to agree with the terms of the deal — as the pair prepared to meet tomorrow. The White House has also offered to play host to a trilateral summit between the Russians and Ukrainians if the deal is within reach. Speaking following Friday's talks, where he met with his Russian counterpart for the first time in six years, President Trump insisted it was 'a great and very successful day in Alaska!' He wrote on his Truth Social website: 'The meeting with President Vladimir Putin of Russia went very well, as did a late night phone call with President Zelensky of Ukraine, and various European Leaders, including the highly respected Secretary General of Nato. 8 8 'It was determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up. President Zelensky will be coming to D.C., the Oval Office, on Monday afternoon. If all works out, we will then schedule a meeting with President Putin. 'Potentially, millions of people's lives will be saved. Thank you for your attention to this matter!' Last night, President Putin also welcomed progress made at the talks, after leaving the summit without taking questions from hundreds of assembled journalists. In a televised address released by the Kremlin, he said: 'The conversation was very frank, substantive, and, in my opinion, brings us closer to the necessary decisions.' He added: 'We have not had direct negotiations of this kind at this level for a long time. We had the opportunity to calmly and in detail reiterate our position.' We are clear that Ukraine must have ironclad security guarantees to effectively defend its sovereignty and territorial integrity. No limitations should be placed on Ukraine's armed forces or on its cooperation with third countries. Russia cannot have a veto against Ukraine's pathway to EU and NATO European statement In a long statement, President Zelensky welcomed the offer of security guarantees outlined by Mr Trump, in a tentative sign he may be willing to sign up to the terms. He wrote: 'A real peace must be achieved, one that will be lasting, not just another pause between Russian invasions. Killings must stop as soon as possible, the fire must cease both on the battlefield and in the sky, as well as against our port infrastructure. 'All Ukrainian prisoners of war and civilians must be released, and the children abducted by Russia must be returned. 'Thousands of our people remain in captivity — they all must be brought home. Pressure on Russia must be maintained while the aggression and occupation continue.' He went on: 'In my conversation with President Trump, I said that sanctions should be strengthened if there is no trilateral meeting or if Russia tries to evade an honest end to the war. Sanctions are an effective tool. 'Security must be guaranteed reliably and in the long term, with involvement of Europe and the US. 'All issues important to Ukraine must be discussed with Ukraine's participation, and no issue, particularly territorial ones, can be decided without Ukraine. I thank our partners who are helping.' Yesterday the PM was taking part in a round of behind the scenes diplomacy, speaking to the White House and European capitals. He heaped praise on Mr Trump, saying his 'efforts have brought us closer than ever before to ending Russia's illegal war in Ukraine'. He went on: 'His leadership in pursuit of an end to the killing should be commended.' But the PM warned: 'While progress has been made, the next step must be further talks involving President Zelensky. 8 The path to peace in Ukraine cannot be decided without him. I spoke to President Zelensky, President Trump and other European partners, and we all stand ready to support this next phase. 'I welcome the openness of the United States, alongside Europe, to provide robust security guarantees to Ukraine as part of any deal. 'This is important progress and will be crucial in deterring Putin from coming back for more. 'In the meantime, until he stops his barbaric assault, we will keep tightening the screws on his war machine with even more sanctions, which have already had a punishing impact on the Russian economy and its people. Our unwavering support for Ukraine will continue as long as it takes.' In a joint statement, Sir Keir and European leaders including France's Emmanuel Macron and Italy's Giorgia Meloni, said: 'We are clear Ukraine must have ironclad security guarantees to effectively defend its sovereignty and territorial integrity. 'No limitations should be placed on Ukraine's armed forces or on its cooperation with third countries. Russia cannot have a veto against Ukraine's pathway to EU and Nato. 8 By Sophia Sleigh DONALD Trump was right to bring Vladimir Putin to the negotiating table on Friday, says Dame Priti Patel. The Shadow Foreign Secretary gave her support to the US President's efforts — while adding that Britain must keep up 'tightening the screws' on the Russian tyrant's regime. The Tory grandee told The Sun on Sunday: 'It is right President Trump has brought Putin to the negotiating table. 'And we support his efforts in ending Russia's illegal invasion of Ukraine. 'Now is the time for the Euro-Atlantic partnership to be stronger than ever in supporting Ukraine, and forcing Putin to end his barbaric war. 'The British government must lead the charge, as we have done, in keeping pressure on Putin through sanctions — and demonstrate we can lead efforts to support Ukraine, and tighten the screws on Russia.' But others had concerns that no ceasefire had been reached yesterday — even with Mr Trump having warned Putin of 'severe consequences" if fighting did not stop. Former Tory leader Sir Iain Duncan Smith said: 'Trump has to tell him to agree to a ceasefire or he will up the ante on sanctions, secondary sanctions and weapons to Ukraine. Putin has to fear what Trump can do — more than his own generals and politicians who would come after him.' He added that Trump 'must understand who Putin is, a KGB man who has one purpose in life — to recreate the Soviet Union'. Former PM Boris Johnson also said that Trump was right to make a move as Putin was weaker than he seemed owing to the war's damage to Russia's economy. Most Labour MPs remained quiet on the talks. Crossbench peer and intelligence expert Lord Peter Ricketts said they were a 'clear win' for Putin.
Daily Mail
30 minutes ago
- Daily Mail
Nigel Farage adviser claims UK would be better off if it had not fought Nazi Germany and calls for Britain to 'regain' former colonies
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The Independent
an hour ago
- The Independent
Starmer to speak with coalition of the willing ahead of Zelensky-Trump meeting
Sir Keir Starmer will speak to western allies on Sunday ahead of Volodymyr Zelensky's White House meeting with Donald Trump. The Prime Minister, France's Emmanuel Macron and Germany's Friedrich Merz will host the meeting of the coalition of the willing on Sunday afternoon. The coalition, made up of 30-plus nations, is prepared to deter Russian aggression by putting troops on the ground in Ukraine once the war is over. The meeting, which is expected to take place at approximately 2pm UK time, comes on the heels of US President Mr Trump's summit in Alaska with his Russian counterpart Vladimir Putin. Mr Trump hoped to secure a peace deal from the talks at a military base in Anchorage, but both he and Mr Putin walked away without agreement on how to end the war in Ukraine. The US leader, however, insisted 'some great progress' was made, with 'many points' agreed and 'very few' remaining. Several news outlets have cited sources which claimed that during the negotiations Mr Putin demanded full control of Donetsk and Luhansk – two occupied Ukrainian regions – as a condition for ending the war. In exchange he would give up other Ukrainian territories held by Russian troops. Other outlets reported that Mr Trump is inclined to support the plan, and will speak to Mr Zelensky about it on Monday when they meet in the Oval Office. After the Alaska summit, the US president told Fox News it was now up to Mr Zelensky to 'make a deal' to end the war. Sir Keir commended Mr Trump's 'pursuit of an end to the killing' following a phone call with the US president, Mr Zelensky and Nato allies on Saturday morning. But he insisted Ukraine's leader must not be excluded from future talks to broker a peace in Ukraine.
