ROUNDUP 4: IT breakdown at VW - Is the computer network becoming a risk?

WOLFSBURG - An IT breakdown almost completely paralyzed the VW Group on Wednesday. It was not until Thursday night that the problem could be fixed and production restarted. Politicians are already calling for more security in the digital world.

BMW: Zipse to remain boss until 2026 - new board member for sales

MUNICH - Automaker BMW has prematurely extended the contract of CEO Oliver Zipse until 2026. On Thursday, the supervisory board also decided to replace Pieter Nota, the board member responsible for sales, and appointed BMW China boss Jochen Goller as his successor.

IPO/ROUNDUP: Schott Pharma arrives on Borsen floor

FRANKFURT - The pharmaceutical division of Mainz-based specialty glass manufacturer Schott will henceforth be a listed company. On Thursday, shares of Schott Pharma were traded for the first time on the Frankfurt Stock Exchange. The first price was quoted at €30.00 per share at 9:17 a.m. in Frankfurt, after which company CEO Andreas Reisse and CFO Almuth Steinkühler rang the stock exchange bell.

Spirits producer Diageo reaffirms medium-term forecasts

LONDON - Spirits producer Diageo has confirmed its medium-term targets up to fiscal 2025. The company aims to continue to achieve organic sales growth averaging five to seven percent annually in fiscal years 2023 to 2025 (as of the end of June), CEO Debra Crew said Thursday before the start of the annual general meeting. This figure excludes currency and portfolio effects. Organic operating profit is expected to increase by six to nine percent in this period.

ROUNDUP/Meta AI: Facebook Group finds answer to ChatGPT.

MENLO PARK - Facebook Group Meta is bringing artificial intelligence chatbots and other features to its apps. The software will initially be available in the United States. Meta joins other tech heavyweights in upgrading AI offerings following the success of chatbot ChatGPT.

Ams Osram to raise €2.25 billion in fresh money

PREMSTÄTTEN - Austrian sensor maker AMS Osram plans to raise €2.25 billion in fresh money through a combination of a capital increase, new bonds and other financing instruments. This is intended to strengthen the balance sheet and also accelerate growth.

Ryanair cancels flights in winter schedule - lacks new aircraft

DUBLIN - The airline Ryanair plans to cancel a number of flights in its winter schedule. The reason is delays in the delivery of new Boeing aircraft, the company announced Thursday. "The flight cancellations will come into effect at the end of October and will be communicated to all affected passengers by email in the coming days," Ryanair CEO Michael O'Leary wrote. Guests will be offered rebooking or a refund, depending on their preference, he added.

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More news

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-Kreise: Schenker sale enters next phase - Deutsche Bahn seeks buyer

-2: Geschwister Oetker Beteiligungen KG announces figures for the first time - Sales up°.

Customer note:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/stk