In France

Important (and not so important) announcements

  • Sarno’s Sabato debut in Milan for Gucci (Kering) described as “glamorous and minimalist” (I’m not sure what that implies, but it wasn’t bad).
  • The strike is growing at Stellantis and General Motors. In addition, Stellantis will temporarily lay off nearly 2,400 workers in its Turin stronghold of Mirafiori.
  • Renault will continue its investments in combustion engines in Brazil.
  • Aperam now forecasts adjusted EBITDA in Q3 that is worse than expected, between €15 and €20 million.
  • Valneva wins a $32 million contract for the Ixiaro vaccine in the United States.
  • Cnova announces the extension of the conciliation procedure opened on May 25, 2023 at Cdiscount until October 25, 2023, in the wake of the extensions decided at Casino.
  • ESI Group finalizes the acquisition of Keysight.
  • Ecoslops is postponing the publication of its accounts while it determines whether the Ecoslops Provence joint venture can be turned around.
  • Biophytis signs a Sarconeos production partnership with Skyepharma.
  • BD Multimedia becomes PSAN (digital asset service provider).
  • NFL Biosciences considers the results of the PRECESTO study “promising” but postpones the results of CESTO II until July 2024.
  • Crypto-blockchain Industries is listing its FAV token tomorrow at ChilizX.
  • The little corner of dilution : Vergnet appeals the judgment canceling the AGM of March 17, 2023.
  • They have published / They must publish : Gérard Perrier, Aelis, Carmat…

In the big world

Important (and not so important) announcements

  • China Evergrande is said to be unable to meet the conditions required for issuing new bonds and is postponing a major meeting with its creditors scheduled for today.
  • Novartis confirms Sandoz split for October 4, 2023.
  • Ford believes there are still significant gaps to fill to reach an agreement with the UAW.
  • The FTC will file an antitrust complaint against Amazon this week.
  • Swatch Group believes it is on the right track to achieve its objective of CHF 9 billion for the year, but the evolution of the franc will be decisive.
  • KKR asks Telecom Italia to extend the deadline for the firm offer on the fixed line network.
  • Moderna reaffirms its strategic partnership with Lonza.
  • Aviva will buy AIG’s protection activities in the United Kingdom for $563 million.
  • For lack of suitors, Italy is for the moment giving up selling its shares in Banca Monte Dei Paschi en bloc, but could sell securities over time, according to rumor.
  • Luxshare will manufacture Apple’s Vision Pro augmented reality headset.
  • Entain expects quarterly online gaming revenue to decline.
  • Pendragon received an amended takeover proposal from Hedin Mobility Group and PAG International at 32 GBX per share.
  • BMW receives the green light to build a battery factory in Bavaria in a local referendum.
  • Bpost set aside a provision of €75 million following an audit which revealed malfunctions.
  • Samhällsbyggnadsbolaget obtains funding from Brookfield.
  • Norsk Hydro will launch a NOK 2 billion share buyback program.
  • Italy should allow banks to choose whether they prefer to pay the tax on excess profits or strengthen their reserves. Rather good news for the sector compared to the initial announcements.
  • Booking asks national antitrust authorities not to support the EU veto on the takeover of Swedish Etraveli for €1.6 billion.
  • LG Chem and the Chinese group Zhejiang Huayou will produce battery materials in Indonesia and Morocco.
  • Lanxess announces job cuts in Germany.
  • The main publications of the day: Thor Industries…All the agenda here.