Live from the Markets: Euroapi and OVH are exposed, Novo Nordisk misses, Micron is depressed
Every morning, the - team identifies and summarizes the significant information concerning listed companies around the world, to have the main news at the start of the trading day. The content includes one part on France and the other on the main international markets, in particular American companies and those from major European markets (UK, Germany, Switzerland, Italy, Spain) and Asia-Pacific.
In France
Important (and less important) announcements
- Saint-Gobain will buy FOSROC for around €960 million.
- Sanofi announces the publication in the NEJM of positive phase III data with Dupixent in the treatment of eosinophilic esophagitis in children.
- Technip Energies acquires Shell technology to accelerate bio-polyester production.
- Eiffage and Spie chosen by EDF to provide an emergency system on six French EPR2s.
- GTT receives an order from a Korean shipyard.
- Vallourec starts operating a charcoal production plant using pioneering technology.
- Euroapi details its Focus 2027 operational roadmap. The 2024 EBITDA margin will be limited to “4 to 7%”.
- Clariane sells its serviced residences business in France.
- OVH improves its revenues by 9% in fiscal Q3, confirms its objectives and talks about Nvidia in its CP.
- Argan inaugurates a site near Montpellier.
- Fleury Michon sells its shares in Platos Tradicionales.
- Talan filed his simplified takeover bid at EUR 3.12 per Micropole share.
- Riber receives an order for a research machine in France.
- Wallix strengthens its partnership with Cisco to cyber secure industrial networks.
- Carbios is in discussions with Zhink Group for a long-term partnership to establish industrial PET biorecycling capabilities in China.
- WeAccess raised €0.62 million through a capital increase of 1 EUR.
- Forsee Power will equip more than 1,000 buses retrofitted by Wrightbus, a world leader in zero-emission buses.
- Mauna Kea creates CellTolerance, a company dedicated to developing an exclusive program for detecting and treating food intolerances.
- The main publications of the day: Signals Girod, Figeac Aero… The rest here.
In the wide world
Important (and less important) announcements
D’Europe
- Novo Nordisk also misses out: €764 million writedown after failure in hypertension.
- The French state will buy 80% of Alcatel Submarine Networks from Nokia.
- Edison acquires 50% stake in offshore wind project in Sicily.
- Bunzl raises profit margin forecast for 2024.
- Italian company Eni agrees to sell two Alaska upstream assets to Hilcorp.
- Var Energi discovers oil and gas in the North Sea.
- Watches of Switzerland “cautiously optimistic” after a difficult 2024 financial year.
- Hennes & Mauritz misses second quarter forecast and sales decline in June.
- Ireland raises €593m in latest AIB Group share sale.
- Bayer’s pharmaceutical division plans to cut more management positions.
- Stadler wins a major contract in Poland.
- Vetropack stops production at St-Prex earlier than planned.
- The main publications of the day : Hennes & Mauritz, Bunzl…
From the Americas
- Amazon’s turn to enter the club of companies that have reached the $2 trillion mark in capitalization. In addition, the group is preparing to launch a low-cost version of Temu, according to The Information.
- Major US banks successfully pass their stress tests, paving the way for increased shareholder remuneration.
- Micron fell by 8% outside the session after its quarterly reports.
- BlackBerry jumped 8% outside the session after its quarterly results.
- Carlyle and KKR win auction for $10 billion in student loans from Discover Financial, according to the FT.
- Suzano gives up on buying International Paper.
- Tesla is no longer expected to sell more electric vehicles than all of its competitors combined in the United States, a first in six years.
- McDonald’s is drawing a line under its experiment with “plant-based” burgers in the United States.
- Whistleblower warns of other possible problems on Boeing B787s.
- ISS recommends that Vista Outdoor shareholders refrain from voting in favor of the sale of its The Kinetic division to CSG.
- Paychex forecasts quarterly revenue growth below estimates, shares fall.
- Future Pak withdraws its offer to purchase Vanda Pharmaceuticals.
- Brazilian pulp manufacturer Klabin is investing $301 million in modernizing its plant.
- Today’s main publications : Nike, McCormick, Walgreens Boots Alliance…
From Asia Pacific and elsewhere
- SoftBank is investing in research startup Perplexity AI at a valuation of $3 billion, according to Bloomberg.
- Toyota’s global production for May is down, with a sharp decline in China.
- Indian company UltraTech Cement acquires stake in India Cements for $226 million.
- Vietnam Airlines is reportedly considering purchasing the Chinese C919 airliner.
- A subsidiary of Fairfax India Holdings is selling a 9.7% stake in CSB Bank for $70 million.
- Today’s main publications : Because…
The rest of the global publications calendar here.
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