Direct from the Markets: Alstom, Rubis, Ahold, BMW, UBS, Toyota, AB Inbev, Claranova…

In France

Company results (comments are given directly and do not prejudge the evolution of securities)

• Equasens announces a decline in turnover in Q1 but expects an improvement thereafter.
• Hexaom recorded a turnover of -13.2% in the 1st quarter.
• Rubis confirms its 2024 objectives after a decline in turnover in the 1st quarter.

Important (and not so important) announcements

• Alstom will launch a capital increase of €1 billion, the group announced alongside its annual results.
• Axa increases the amount of its share buyback program to €1.8 billion.
• Michelin issues €1 billion in bonds.
• Forvia reduces its debt using the proceeds from its issuance of additional senior notes.
• Aéroports de Paris issues €500 million in bonds maturing in 2031 at 3.375%.
• CGG signs an alliance with Baker Hughes for CO2 capture and storage solutions.
• Eurobio buys the EndoPredict breast cancer expression test.
• Vogo raised €4.25 million at EUR 4.04 per share.
• Enertime is considering redeemable bonds to supplement its financing needs.
• Vergnet signs photovoltaic contracts.
• The main publications of the day: Claranova, DBV Technologies, Maat Pharma, Prismaflex, Hexaom… The rest here.

In the big world

Company results (comments are given directly and do not prejudge the evolution of securities, except for post-session exchanges in the United States, which normally reflect the trend well)

• Ahold Delhaize publishes a better than expected margin in Q1.
• Amadeus improves its profits by 20% in Q1.
• Anheuser-Busch InBev publishes rather in line with forecasts in the first quarter.
• Arista gained 6% outside the session after its T1.
• BMW reports a decline in automotive margin in the first quarter due to continued high costs.
• Evonik forecasts core profit for the second quarter in line with the first quarter and confirms its outlook for 2024.
• InWit, revenues and profits up in the first quarter.
• Leonardo posts an increase in orders and turnover in the first quarter thanks to the boom in electronics and helicopters.
• Lyft gained 6% outside the session after its Q1.
• Munich Re increases net profit by 68%, in line with preliminary figures.
• Puma announces a slight increase in its sales in the first quarter.
• Reddit soars by 17% outside the session after its Q1.
• Rivian lost 6% outside the session after its T1.
• Securitas publishes a first quarter in line with forecasts.
• Siemens Energy revises its outlook upwards and announces a CEO change at its troubled wind unit.
• Skanska reports below forecast in first quarter.
• Toyota reports 78% increase in operating profit in fiscal fourth quarter.

Important (and not so important) announcements

From Europe

• Shell sells its Singapore refinery and petrochemical assets to Chandra Asri and Glencore.
• Moody’s upgraded UBS’s credit rating to “Aa2” from “Aa3”.
• AstraZeneca is withdrawing its COVID-19 vaccine from the global market, according to the Telegraph.
• Moody’s upgraded Novo Nordisk’s A1 credit outlook from stable to positive.
• The new general director of Campari has plans for external growth after the agreement concluded with Courvoisier.
• The main publications of the day : Anheuser-Busch InBev, BMW, Munich Re, Henkel, Ahold Delhaize, Amadeus, Verbund, Endesa, Fresenius SE, Continental, Knorr-Bremse, Siemens Energy…

From the Americas

• Suzano is preparing a $15 billion offer for International Paper, according to several sources.
• Apple launches new tablets and a new chip.
• Microsoft accused of unfair competition in cloud services by a group of Spanish startups.
• Microsoft, Nvidia, Softbank invest in Wayve Technologies’ Series C round for an amount of $1.05 billion.
• Luminar reveals that Tesla is the largest customer for its lidar sensors.
• Levi Strauss ends its lawsuit against Italian Brunello Cucinelli over a trademark tab.
• Santos and Repsol are considering selling their stakes in Alaska oil fields, according to sources.
• The main publications of the day : Costco Wholesale, Uber Technologies, Arm Holdings, Airbnb, Shopify, Emerson Electric, Energy Transfer, Suncor Energy, The Trade Desk, Manulife, Li Auto, Ambev, Banco do Brasil…

From Asia Pacific and beyond

The rest of the global publications calendar here.

Readings

• Americans are accumulating a “phantom debt” that Wall Street cannot trace (Bloomberg, in English).
• Neom, the Saudi real estate megaproject in trouble (Wall Street Journal, in English).
• 1 in 24 New York residents is a millionaire (Bloomberg, in English).
• Does OpenAI have a future? (Semianalysis, in English).
• I read everything Elon Musk published for a week. Help (Mother Jones, in English).
• The paradoxes of inflation in Argentina (Project Syndicate, in English).
• Why was Jamaica the heartland of piracy? Uncharted Territories, in English).
• The future entropy of our world order (Noéma, in English).
• Imagination put through the mill of AI and brain imaging (Le Monde).
• The psychologist who convinced economists that to err is human (Project Syndicate, in English).