2023-11-13 06:59:03
Stocks to follow on Monday on the Paris Stock Exchange and in Europe:
* VALEO VLOF.PA announced on Friday that it had signed an agreement with Tecnobus for the latter to take over its site in Ferentino, Italy, before the end of the year.
* TOTALENERGIES TTEF.PA is close to an agreement to buy a portfolio of natural gas power plants owned by producer TexGen Power LLC in Texas in order to expand in the United States, Bloomberg reports, citing sources familiar with the matter. folder.
* SOCIETE GENERALE SOGN.PA – The French group plans to sell Hanseatic Bank, its retail banking activity in Germany, which it has controlled since 2005, reports the Bloomberg agency.
* ORPEA ORP.PA announced a first capital increase on Monday of around 3.9 billion euros, and will propose a new board of directors.
➦ Orpea announces a first capital increase
* SOLVAY SOAC.BR – In its new 2028 strategy revealed on Monday, the group plans an increase in the underlying Ebitda margin in a range between 25 and 30%, and anticipates gross savings of 300 million euros on an annual basis.
➦ Syensqo targets growth in net turnover between 5% and 7% over the period 2024-2028
* VOLKSWAGEN VOWG_p.DE might cut jobs as the group plans to cut administrative staff costs by a fifth by 2026, daily Handelsblatt reported on Monday, citing an internal company podcast with the resources chief human.
* BANCA MONTE DEI PASCHI BMPS.MI – Rating agency Fitch announced on Friday that it had upgraded the bank’s rating from “B+” to “BB”, with a stable outlook, to reflect “the successful restructuring of the bank”.
* TELECOM ITALIA TLIT.MI – Rating agency Fitch placed TIM on positive watch following the company’s board of directors approved last week an agreement to sell its national fixed line network to the American fund KKR KKR .NOT .
* TECHNIP ENERGIES TE.PA – Barclays lowers its recommendation to “underweight” from “overweight”.
* M&G MNG.L – JP Morgan raises its recommendation from “underweight” to “neutral”.
(Written by Claude Chendjou)
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