2023-10-17 06:56:00
Stocks to follow on Tuesday on the Paris Stock Exchange and in Europe:
* RENAULT RENA.PA announced on Tuesday that its eponymous brand had accelerated its growth in Europe in the third quarter, with a 25% increase in sales year-on-year.
* AEROPORTS DE PARIS ADP.PA reported on Monday group traffic in September up 15.1%, to 31.2 million passengers, or 99.9% of 2019 traffic.
* TOTALENERGIES TTEF.PA reported on Tuesday a margin on variable costs in the third quarter of 95.1 dollars per tonne for refining Europe.
* WENDEL MWDP.PA announced on Tuesday that it was in exclusive negotiations with a view to acquiring a controlling stake in IK Partners.
* ARAMIS GROUP ARAMI.PA announced on Monday the promotion of Fabien Geerolf and Ivan Velasco to the positions of group financial director (CFO) and group technology director (CTO).
* VOLKSWAGEN VOWG_p.DE – The Volkswagen brand’s 10 billion euro cost reduction plan is falling behind schedule due to stalled discussions with unions, two sources close to the matter reported on Monday.
* ROLLS-ROYCE RR.L plans to cut 2,500 jobs as part of a cost-cutting program, Sky News reported on Monday.
* LONZA LONN.S – The Swiss pharmaceutical subcontractor once once more reduced its margin target for 2024 following the unexpected departure of its CEO last month, citing a decline in the activities of Moderna MRNA.O and Kodiak Sciences KOD.O.
* ERICSSON warned on Tuesday that it expected the uncertainty weighing on its mobile network activities to persist until 2024, following reporting a drop in its turnover in the third quarter once morest a backdrop of a decline in demand for 5G equipment in North America.
* RIO TINTO RIO.AX RIO.L reported on Tuesday an increase in quarterly production from its copper and aluminum activities but lowered its annual forecast for iron ore in Canada due to operational problems.
* THG THG.L – The British e-commerce group confirmed on Tuesday its annual turnover and profit forecasts which had been revised downwards last month, ensuring that it had returned to growth in its sales at a rate of constant change in September.
(Written by Claude Chendjou)
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