“Paris Stock Market Updates: Renault-Nissan Agreement, Lagardere Revenue Increase, ADP Passenger Traffic Boost, and More”

2023-04-18 06:50:00

PARIS, April 18 (Archyde.com) – The values ​​to follow on Tuesday on the Paris Stock Exchange and in Europe where index futures give a slightly higher opening:

* The signing of the final agreements between RENAULT RENA.PA and Nissan 7201.T “is not a question of months”, the general manager of the diamond group Luca de Meo told the press on Monday on the sidelines of an industry event. .

* LAGARDERE LAGA.PA announced on Tuesday that its turnover at March 31 amounted to 1.67 billion euros, up 24.4% on a like-for-like basis.

* ADP ADP.PA reported on Monday that its total traffic rose 26.2% to 24.2 million passengers in March, or 95.6% of 2019 traffic.

* VIRBAC VIRB.PA published Monday a turnover for the first quarter of 314.8 million euros, down -1.3% at constant exchange rates, and confirmed its forecast for growth in the turnover annual revenue within a range of 4% to 6% at constant rates and scope.

* GSK GSK.L will acquire Canadian biopharmaceutical company Bellus Health BLU.TO for two billion dollars in a cash transaction, the two groups announced in a joint statement on Tuesday.

* ERICSSON reported lower first-quarter operating profit on Tuesday as telecom customers in high-margin countries, such as the United States, curbed spending on 5G equipment. The Swedish group also announced on Monday the resignation of its chief financial officer Carl Mellander, who will leave his post at the end of the first quarter of 2024.

* SIKA SIKA.S – The Swiss chemical manufacturer announced a 3% drop in quarterly sales, due to weaker demand in construction with rising interest rates, inflation and the war in Ukraine.

* UBS UBSG.S has announced that it is making changes to its $6 billion share buyback program following its takeover by Credit Suisse CSGN.S.

* EASYJET EZJ.L expects full-year 2023 earnings to beat expectations, spurred by strong demand over the Easter weekend and large summer bookings.

* BMW BMWG.DE expects slight sales growth in the Chinese market this year, CEO Oliver Zipse said.

* ORPEA ORP.PA – The association for the defense of minority shareholders of Orpea (ADAMO) calls for the holding without delay of a general meeting of shareholders after having gathered more than 5.5% of the capital, it announced Monday in a press release. Contacted by Archyde.com, the Ehpad group did not immediately comment.

* AIR FRANCE-KLM AIRF.PA – Air France and KLM announced on Tuesday that they had signed two revolving lines of credit linked to sustainable development for a total amount of 2.2 billion euros.

* ABIVAX ABVX.PA reported on Monday results showing obefazimod efficacy after two years of treatment in a study of ulcerative colitis.

* ENTAIN, specializing in betting, announced an increase in its quarterly net turnover, thanks to acquisitions and an increase in the number of active customers.

* REMY COINTREAU RCOP.PA – Bernstein raises its recommendation to “outperformance” against “performance in line with the sector”.

* ORANGE ORAN.PA – Barclays raises its recommendation to ‘overweight’ vs. ‘online weighting’.

* EUROAPI EAPI.PA – Berenberg starts tracking at “buy”.

➦ Changes in recommendations in Paris: Rémy Cointreau, Orange, Hermès, Euroapi

(Written by Laetitia Volga and Claude Chendjou, edited by Blandine Hénault)

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#Stock #market #stocks #follow #Paris #Europe

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