Live from the Markets: Stellantis slows down with Leapmotor, Continental warns, Tesla powers 1000

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)

• Stellantis and Leapmotor abandon their plan to build the B10 SUV in Poland. In addition, Stellantis will lay off 400 people at its Detroit parts factory.
• Wendel is launching a capital increase reserved for its employees.
• Atos announces that its subsidiary Bull has issued a preferred share for the benefit of the French State as part of the protection rights granted to the French State on sovereign and sensitive activities
• Unieuro, purchased at more than 90%, will be delisted, announces Fnac Darty.
• Egide raises €1.67 million with its ABSAs.
• Cabasse raises €0.4 million via its dilutive convertible bond issuance program.
• The main publications of the day : Transgene… The rest here.

In the big world

Important (and not so important) announcements

D’Europe

• Continental AG lowers its annual revenue forecast.
• NatWest buys back its shares for 1 billion pounds from the British government, thus accelerating its privatization.
• Universal Music Group believes that Pershing Square does not have the right to demand the delisting of Amsterdam.
• Cellnex profits for the first nine months of 2024 increase by 6.1%.
• Hannover Re revises its profit forecasts upwards and targets even more in 2025.
• Delivery Hero continues Talabat's 15% IPO in Dubai.
• Partners Group is exploring the sale of a stake in ISP UK Schools.
• ASML is investigating the reasons for a global IT outage that affected its operations across all its facilities.
• Direct Line plans to cut 550 jobs and shows a drop in gross written premiums.
• Novo Nordisk begins buying back shares as part of its DKK 3.1 billion buyback program.
• Swiss asset manager EIP increases its stake in Eni's Plenitude to 10%.
• IG-Metall asks Volkswagen management to reduce salaries.
• Swiss stock exchange operator SIX will acquire the British stock exchange Aquis Exchange.
• Brazil plans to buy more Gripen fighter jets from Saab.
• Shell has resumed operations in the Gulf of Mexico following disruptions caused by Hurricane Rafael.
• Webuild has been awarded a A$1.7 billion contract to design and build the North Tunnels package of Melbourne's Suburban Rail Loop East project.
• Recordati does not see any impact from potential US tariffs on pharmaceuticals.
• The main publications of the day : Hannover Re, Cellnex Telecom, Continental AG…

From North America

• Tesla hits $1,000 billion in capitalization for the first time since 2022.
• Family settling of scores at Estée Lauder, according to the WSJ.
• Boeing is reportedly close to a financing agreement to help its supplier Spirit Aero. Furthermore, the group could sell its subsidiary Jeppesen for $6 billion.
• American Airlines loses appeal of ruling banning alliance with JetBlue.
• Enphase Energy lays off 17% of its staff.
• The main publications of the day : Robinhood, Aramark…

From Asia Pacific and beyond

• The United States has ordered TSMC to halt deliveries to China of chips used in artificial intelligence applications, according to Reuters.
• Toyota wants to increase production in China as part of a change in strategy, Reuters has learned.
• DBS (Singapore) has its sights set on expanding into Malaysia.
• Baidu is set to launch artificial intelligence glasses in November.
• Australian company Resolute Mining confirms that its CEO and two other employees are detained in Mali.
• The main publications of the day : Recruit Holdings, Vodacom, Abu Dhabi National Energy, Celltrion, Bridgestone Corporation…

The rest of the global publications calendar here.

Lectures