Live from the Markets: Kering shakes up Balenciaga and Saint-Laurent, Chrome in balance, Nestlé on relaunch

In France

Important announcements (and less important… I should point out that the information is given immediately before the opening and does not prejudge the color of the shares during the session)

• Kering appoints new general managers at Saint Laurent and Balenciaga.
• The CEO of Stellantis is preparing his group for the American market under Trump.
• Havas (Vivendi) is targeting a margin of 15% by 2028.
• S&P lowered Icade’s credit rating to BBB.
• Aéroports de Paris recorded a 6.5% increase in passenger traffic in October, exceeding pre-pandemic levels.
• NHOA will provide Red Eléctrica with two storage projects with a total capacity of 105MWh.
• Voltalia signs a contract with Green Arrow Capital for a solar power plant in Spain.
• Aelis Farma achieves its objectives in phase I/II with AEF0217 in young adults with Down syndrome, paving the way for a phase II next year.
• Onward Medical secures European grant to study the potential of ARC-BCI therapy to restore movement after stroke.
• Ikonisys raised €0.2 million through a private placement at EUR 1.53 per share.
• Nicox, Innate and Phaxiam presented progress.
• Vergnet ends its dispute with Global Growth Holding (Negma I think) with additional dilutive products.
• The main publications of the day : Tonies, Freelance… The rest here.

In the big world

Important (and not so important) announcements

D’Europe

• Nestlé aims in the medium term for organic turnover of at least 4% and an underlying operating margin of at least 17%.
• Enel, Leonardo and Ansaldo set up a nuclear reactor joint venture.
• ThyssenKrupp is carrying out a new write-down of a billion dollars on its steel division.
• Imperial Brands’ annual profit exceeds forecasts.
• Sonova posts a falling result in the first half of the current fiscal year, but sales are increasing.
• Rheinmetall holds an investor day.
• Endesa will invest $10 billion by 2027, with a focus on electricity networks.
• The president of Aquis Exchange resigns less than two weeks after the takeover offer from SIX.
• Autoneum buys 70% of the shares of the Chinese automotive supplier Jiangsu Huanyu Group.
• Siegfried opens a research center in Valais.
• Fitch raised Swiss Re’s credit rating from A to A+.
• Informa shows growth of 10.7% in its turnover over 10 months.
• Azelis buys the Finnish company Haarla.
• The main publications of the day : Imperial Brands, Sonova…

From North America

• The United States could force Google to sell Chrome to break its monopoly.
• Tesla is rebounding after releasing a report that Donald Trump’s transition team wants a federal framework for autonomous vehicles.
• Super Micro Computer appoints BDO as auditor and files compliance plan with Nasdaq.
• Activist investor Glenview gets 4 seats on CVS Health board.
• Activist investor Ananym Capital Management is pressuring Henry Schein to reshuffle his board, divest his medical distribution business, cut costs and replace CEO Stanley Bergman.
• Boeing said it had sent layoff notices to more than 2,500 employees in the states of Washington, Oregon, South Carolina and Missouri, as part of the plan to eliminate 17,000 jobs worldwide. .
• Newmont is selling Canadian facilities for up to $850 million.
• ServiceNow plans to invest $2 billion in Japan to expand its operations.
• Microchip Technology appoints Steve Sanghi as interim CEO following Ganesh Moorthy’s retirement.
• Trump Media is in talks to buy Bakkt, according to the FT.
• The main publications of the day : Walmart, Lowe’s, Medtronic, Keysight Technologies, George Weston, Jacobs Solutions, XPeng…

From Asia Pacific and beyond

• Sony is reportedly discussing a takeover of Kadokawa, according to Reuters.
• Activist investor Elliott takes stake in Tokyo Gas.
• Alibaba issued a dual-currency bond worth $5 billion.
• Trip.com posts higher third-quarter profit thanks to dynamic tourism market.
• The main publications of the day : Tokio Marine, Sompo Holdings, Taiwan Mobile…

The rest of the global publications calendar here.

Lectures