Top Stocks to Watch on the Paris Stock Exchange and in Europe: Casino, Sodexo, Spie, LVMH, Imerys, Volvo, Deutsche Bank, BBVA, BP, and Kone

2023-10-02 06:20:04

PARIS, October 2 (Archyde.com) – Stocks to watch on Monday on the Paris Stock Exchange and in Europe:

* CASINO CASP.PA – The Groupement les Mousquetaires and the Casino group announced on Monday that they had completed the sale of the first wave of 61 points of sale in application of the protocol signed last May and had extended their partnerships to purchasing and supplies. The Saint-Etienne group also indicated on Friday an extension to October 3 of the deadline to conclude a “lock-up” agreement with its creditors.

* SODEXO EXHO.PA announced Friday that the Halifax company had agreed to acquire its global home care division.

* SPIE SPIE.PA announced on Friday the acquisition of 85% of Réseaux Environnement, a group present in the deployment of energy, heat and “smart city” networks in France.

* LVMH LVMH.PA – The real estate transaction involving the CEO of the luxury group Bernard Arnault and the Russian oligarch Nikolai Sarkisov in the upscale ski resort of Courchevel, and under investigation, was conducted with respect laws, a lawyer for the French businessman told Archyde.com on Saturday.

* IMERYS IMTP.PA announced on Saturday that the sale of its assets dedicated to the paper market to Syntagma Capital was now highly improbable, without specifying the reasons. The current Ebitda target for 2023 will not be affected by this announcement, the group added.

* VOLVO VOLVb.ST, STELLANTIS STLAM.MI – Around 4,000 employees represented by United Auto Workers (UAW) reached an agreement on Sunday with Mack Trucks, owned by the Volvo group, the union announced. The strike, however, continues for the third week at Detroit automakers General Motors GM.N, Ford FN and Stellantis, the parent company of Chrysler.

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* DEUTSCHE BANK DBKGn.DE – BaFin, the German financial regulator, will send a special observer to the German bank following problems that occurred in its subsidiary Postbank, the German daily Handelsblatt reported on Sunday, citing sources close to the matter.

* BBVA BBVA.MC – The Spanish bank announced on Monday the start of its billion-euro share buyback program announced in July.

* BP BP.L – Dave Lawler, BP’s highest executive in the United States, will leave the company, the energy group announced Friday in a note to employees, less than three weeks after the resignation of general manager Bernard Looney.

* KONE KNEBV.HE announced on Monday the departure of its CEO Henrik Ehrnrooth as of the first half of 2024.

(Edited by Claude Chendjou and Kate Entringer, edited by Bertrand Boucey)

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