Business

Stock markets: Stocks to follow in Paris and Europe – 2022-11-08 at 09:20

PARIS, Nov 8 (Reuters) – Stocks on the Paris Stock Exchange and Europe adopted on Tuesday:

* RENAULT RENA.PA introduced on Tuesday that it’s focusing on enhancements in its working margins over the subsequent few years thanks to a method that separates electrical and thermal energy and goes via a number of partnerships to compensate for restricted capital.

➦ Renault targets 8% margin in 2025, no deal but with Nissan

* CARREFOUR CARR.PA introduced on Tuesday that it expects internet free money move of greater than 1.7 billion euros and price financial savings of 4 billion euros by 2026, as a part of a brand new strategic plan supposed to make the group extra resilient in the excessive context. Inflation

➦ Carrefour has raised its money move targets in its 2026 strategic plan

* EDF EDF.PA – A leak occurred final Wednesday in the first circuit of the No. 1 reactor at the Sivaux nuclear energy plant (Vienne) that dangers delaying its restart scheduled for January 8, we realized from an business supply with direct data. occasion

➦ Leak at nuclear threatens to delay restart of Sivax 1-supply

* AIR FRANCE-KLM AIRF.PA introduced on Monday the early reimbursement of 1 billion euros of the three.5 billion euros in excellent loans assured by the French state (PGE).

➦ Air France-KLM publicizes early reimbursement of PGE 1 billion euros

* EURAZEO EUR.PA introduced that its property beneath administration reached 32.37 billion euros at the top of September and confirmed the forecast introduced in March. On Monday, the group introduced a deal to promote its majority stake in American perfume group Nest at a valuation of round $200 million.

* UBISOFT UBIP.PA introduced that it has positioned 470 million euros in Ocean, a problem in which its Chinese shareholder Tencent (which has 5.5% of the capital) has subscribed up to 5%.

* VICAT VCTP.PA introduced on Monday that it expects decrease EBITDA this 12 months than in 2021 however which ought to be at least on par with what it generated in 2020. The group generated consolidated revenues of two.6 billion euros in the primary 9 months of the present fiscal 12 months, up 15.7% at fixed scope and change charges.

* BAYER BAYGn.DE – The German agrochemical and pharmaceutical large on Tuesday launched higher-than-anticipated quarterly outcomes, supported by sturdy demand for seeds and pesticides, and it confirmed its full-12 months forecast.

* MUNICH RE MUVGn.DE – The German reinsurer posted a quarterly internet revenue up 44% and confirmed its annual forecast regardless of the affect of Hurricane Ian, estimated at round 1.6 billion euros for the group, and deteriorating financial situations.

* DEUTSCHE POST DPWGn.DE – The German group of courier and logistics companies raised its annual working revenue (Ebit) forecast to take note of the continued development of its operations and significantly the great efficiency of its subsidiary DHL.

* PANDORA PNDORA.CO posted barely higher-than-anticipated quarterly earnings and reaffirmed its full-12 months steering.

* Associated British Foods ABF.L – proprietor of Primark posted a 42% rise in full-12 months revenue however confirmed earnings will fall in the present monetary 12 months due to rising prices and falling family disposable incomes.

* Henkel HNKG_p.DE raised its full-12 months income and revenue forecast after posting a 17% gross sales improve in the third quarter, helped by greater costs for its adhesives.

* BPER BANCA EMII.MI – Italy’s fourth-largest financial institution posted a greater-than-anticipated quarterly internet revenue, pushed by an increase in income following the acquisition of Banca Carriage.

* Update on adjustments to suggestions in Paris:

➦ Update on advice adjustments in Paris: Hermès, Sodexo, Kering, LVMH, Biomérieux

(Writing by Claude Chendjou and Marc Angrand, Editing by Tangi Salon)

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