Latest News and Updates: H&M, Engie, Ipsen, Imerys, and Neoen Recommendations on European Markets

2023-06-29 05:55:00

(Updated with H&M, Engie, Ipsen, Imerys, recommendation on Neoen)

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Change in futures on the CAC 40 0#FCE index:

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Variation of Stoxx 600 0#FXXP index futures:

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Securities that are traded ex-dividend .EX.PA

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Update on European .EUFR markets

PARIS, June 29 (Archyde.com) – The values ​​to follow on Thursday on the Paris Stock Exchange and in Europe where the “futures” on indices signal a stable opening:

* RENAULT RENA.PA announced on Thursday that it is revising its financial targets for the current year upwards, thanks in particular to demand for its new family models, the Austral SUV and the Dacia Jogger station wagon in the lead.

* KERING PRTP.PA – HSBC lowers its recommendation to “hold” against “buy” and its target price to 580 euros against 720 euros.

* H&M HMb.ST reported higher-than-expected profit between March and May and said third-quarter sales were well underway.

* ORANGE ORAN.PA – The leading French telecom operator confirmed on Wednesday its intention to withdraw from the retail banking market and its entry into exclusive negotiations with BNP PARIBAS BNPP.PA to create a “referencing partnership”, with the aim to transfer the customers of Orange Bank in France to it.

* SANOFI SASY.PA reaffirmed Thursday its ambition to generate an annual turnover of more than ten billion euros in vaccines by 2030.

* OVHCLOUD OVH.PA published quarterly revenue on Thursday in line with expectations, driven by the good results of its cloud computing division.

* CASINO CASP.PA – The group announced on Wednesday that a deadline had been set for July 3 for the submission of offers to contribute equity to the capital of the group, as part of the process of restructuring its debt.

* ORPEA ORP.PA – The manager of Ehpad announced on Wednesday that its restructuring plan had been approved by a majority of the classes of affected parties and that it would be presented as planned to the Commercial Court of Nanterre in the coming days.

* The shareholders of ATOS ATOS.PA gathered in general assembly rejected Wednesday at 67.38% a resolution demanding the departure of the chairman of the board of directors Bertrand Meunier.

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* SES-IMAGOTAG SESL.PA said in a statement on Wednesday that it had not inflated its income contrary to allegations Gotham City Research and had mandated its advisers to alert the AMF to the many breaches of its regulations committed, according to it, by the hedge fund.

* IMERYS IMTP.PA has announced a strategic partnership to accelerate the development of the UK’s largest lithium deposit with British Lithium.

* IPSEN IPN.PA announced positive results from the US FDA’s advisory committee on investigational palovarotene for the treatment of fibrodysplasia ossificans progressiva, a rare bone disease.

* ENGIE ENGIE.PA has announced an agreement with the Belgian government on the extension of the Tihange 3 and Doel 4 nuclear reactors and on all obligations related to nuclear waste.

* ESI GROUP ESIG.PA – Electronic equipment maker Keysight Technologies KEYS.N announced on Wednesday the acquisition of a majority stake in French software company ESI Group in a 913 million euro deal.

* TELEPERFORMANCE TEPRF.PA – Berenberg starts monitoring the value to “buy”.

* VALLOUREC VLLP.PA – Jefferies begins follow-up to “buy”.

* SOITEC SOIT.PA – Citigroup begins to cover the stock to “buy”.

* NEOEN NEOEN.PA – Deutsche Bank begins monitoring at “conserve”.

THE FRANCE & INTERNATIONAL 7-DAY AGENDA:

(Written by Laetitia Volga and Jean-Stéphane Brosse, edited by Kate Entringer)

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