Daily Market Recap: Key News and Updates from Listed Companies Globally

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2024-07-11 06:23:55

Every morning, the Zonebourse team identifies and extracts the significant information related to listed companies around the world, to have the main story at the start of the trading day. The content includes one part on France and the other on the main international markets, especially American companies and those from major European markets (UK, Germany, Switzerland, Italy, Spain) and Asia- Pacific Ocean.

In France

Important (and not so important) announcements.

  • Credit Agricole is in talks to acquire Hanseatic Bank, the German consumer finance business of Société Générale, according to Bloomberg.
  • Stellantis is recalling more than 330,000 vehicles in the United States for an airbag problem.
  • Ipsen and Foreseen Biotechnology announce the signing of a licensing agreement for an antibody drug conjugate.
  • TF1 is banking on content aggregation within its TF1+ platform.
  • Eurofins Scientific says it is ready to detail its real estate program in response to Muddy Waters.
  • VusionGroup equips more than 230 Hy-Vee stores in the United States.
  • The Bich family group is reducing its voting rights in Bic.

  • LDLC Group completes the acquisition of the Rue du Commerce business.
  • Hunyvers sales increased by 16.8% over nine months.
  • Drone Volt is launching a capital increase that will be open to all while retaining preferential subscription rights.
  • Gaussin announces an offer to take over the assets and activities of its subsidiary Metalliance by the company CORAIL-SM.
  • They published / They must publish: Thermador, Ekinops, Ateme, Jute

In the world

Important (and not so important) announcements.

  • Apple plans to ship 10% more new iPhones in 2024 according to Bloomberg.
  • Intuit cuts 10% of its workforce and closes two locations.
  • Tesla increases prices of its Model 3 in Europe due to customs duties.
  • Citigroup will pay more than $135 million in fines for failing to meet its commitments to improve risk control.
  • Microsoft pays $21.7 million to settle CISPE antitrust complaint.
  • Novo Nordisk receives a request for additional information from the US FDA for Icodec insulin and signs a memorandum of understanding with the Indonesian company Bio Farma regarding insulin packaging in Southeast Asia.
  • Barry Callebaut improves its sales over nine months. Management’s financial objectives are confirmed.
  • Frasers Group increases its stake in Hugo Boss.
  • BP Plc partners with Simon Property for more than 900 electric vehicle chargers.
  • Leonardo and AID partner for innovation in the defense and security sector.
  • Uniper partners with Liquid Wind to develop e-fuel facilities for e-methanol.
  • AP Moller Maersk reports no injuries or damage after Houthi attack on US-flagged vessel.
  • BioArctic and Eisai get the green light from Hong Kong for their Alzheimer’s disease drug.
  • DNB Bank exceeds its profit forecast for the second quarter.
  • BASF completes production of glufosinate at two sites.
  • HSBC is restructuring its investment banking division.
  • S&P initiates EQT coverage with an A rating and a stable outlook.

  • Südzucker recorded a sharp drop in its profit in the first quarter.
  • AQ Group acquires British wiring harness manufacturer Rockford Components.
  • Pepco Group reports lower quarterly sales, but maintains its full-year profit forecast.
  • Celon Pharma believes its schizophrenia drug could bring in billions of dollars.
  • Recordati acquires its own shares for more than 3 million euros.

Key publications of the day: Pepsico, Progressive Corporation… Full agenda here.

Readings and videos

#Direct #Markets #Crédit #Agricole #Stellantis #Ipsen #Eurofins #Scientific #Novo #Nordisk

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