ILIAD TO BE FOLLOWED AT THE PARIS BOURSE
PARIS (Reuters) – Stocks to watch Friday on the Paris Stock Exchange and in Europe, where benchmark futures are pointing to a cautious opening:
* ALTICE EUROPE recorded in the third quarter better than expected results and resumed growth in its turnover, even if its debt has hardly changed and its cash flow has dried up, announced Thursday the group telecoms, while confirming its annual objectives.
* ILIAD is open to the idea of mobile network sharing with its competitor ORANGE in order to reduce the costs linked to the development of 5G technology, its managing director, Thomas Reynaud, declared Thursday.
* VEOLIA welcomed on Thursday the decision of the Nanterre commercial court prohibiting SUEZ from taking any initiative that would make irrevocable the mechanism placing its Water activities in France in a foundation under Dutch law.
* BIONTECH – The European Union could spend more than 10 billion dollars (8.4 billion euros) to guarantee access to hundreds of millions of doses of vaccine candidates developed by Pfizer, in association with BioNTech, and CureVac a European official involved in the discussions on the matter told Reuters.
* SWISS RE confirmed its financial targets on Friday despite the challenges posed by the health crisis.
* BPER BANCA / BANCO BPM – The CEO of Unipol, main shareholder of BPER Banca, weighs all his weight in favor of a merger with Banco BPM in an interview published on Friday by the Italian daily Il Sole 24.
* AIRBUS and Boeing will likely turn to hybrid engines for their new generation of aircraft, the boss of Air Lease Corp, a large commercial aircraft leasing company, said on Thursday.
* ERAMET – The board of directors of SLN, the nickel division of the mining group, announced Thursday the appointment of Guillaume Verschaeve as general manager. He succeeds Colin McGibbon.
* SAFRAN – Berenberg raises its recommendation to “buy” against “keep” and raises its target price to 140 euros against 98 euros.