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PARIS, July 25 (Reuters) – Stocks to watch on Monday on the Paris Stock Exchange and across Europe, where futures contracts are showing a lower open:
* ORANGE ORAN.PA and MasMovil have signed an agreement to combine their operations in Spain for a total enterprise value of €18.6 billion, the two telecom operators announced in a press release on Saturday.
➦ Orange merges its activities in Spain with MasMovil for 18.6 billion euros
* FORVIA EPED.PA confirmed its full-year guidance after releasing consolidated first-half operating income of €426 million, while analysts polled by Visible Alpha had expected an average of €436.1 million.
➦ Forvia H1 earnings disappoint expectations
*EUTELSAT ETL.PA, French satellite operator, confirmed on Monday that it has entered into talks with its fellow OneWeb shareholders regarding a possible merger of the two companies through a share swap.
➦ Eutelsat is about to get its hands on OneWeb sources
*ICADE ICAD.PA published a sales growth of 6.3% to 823 million euros in the group share (CEO) and a net profit CEO of 351 million (+68%).
* PLASTIC OMNIUM PLOF.PA reported a 4.3% growth in business turnover in the first half of the year to EUR 4.32 billion and a decrease in the group’s net income to EUR 104 million. The press release: https://bit.ly/3ve0IPx
*VOLKSWAGEN VOWG_p.DE – The German carmaker announced on Friday that its CEO Herbert Diess is leaving the group and will be replaced by Oliver Blume on September 1st.
➦ Volkswagen-The CEO leaves the group
* SWISS CREDIT CSGN.S is considering further cost-cutting to repair its finances after warning it could suffer another loss in the second quarter, the Sunday newspaper reported on Sunday, citing senior sources.
➦ Credit Suisse considers further cost cuts – Sunday newspaper
*TF1 TFFP.PA announced on Friday the acquisition of all rights to the French team’s matches (Nations League, friendlies, Euro 2024 qualifiers, World Cup 2026 and Euro 2028) from UEFA.
* TOTAL ENERGIES TTEF.PA has announced the start of production from the Ikeke field in Nigeria.
➦ TotalEnergies begins production at the Ikike field in Nigeria
* RYANAIR – The airline on Monday reported profit after tax of 170 million euros for the period April to June, its first quarterly profit in three years, but said it was too early to say whether it will maintain its pre-pandemic position this year could regain profitability level.
*PHILIPS reported a stronger-than-expected fall in adjusted operating income in the second quarter to 216 million euros due to shortages and lockdowns in China.
*JULIUS BAER BAER.S fell 5% premarket after announcing a 26% fall in net income attributable to shareholders in the first half.
*VODAFONE VOD.L saw service revenue decline in Germany, its main market.
* KUEHNE & NAGEL KNIN.S on Monday reported a 79% increase in operating profit in the second quarter, driven by growth across its businesses.
* BAVARIAN NORDICa Danish biotechnology company, said the European Commission has cleared its Imvanex vaccine for marketing as protection against monkeypox after it was recommended by the European Medicines Agency (EMA) last week.
➦ Bavarian Nordic’s monkeypox vaccine is EU approved
*OL GROUP OLG.PA on Friday reported a 42% increase in revenue from non-player trading activities to €252.5 million for the 2021-2022 financial year, reaffirming its sporting goals for the new season and beyond, notably a European place.
* ADP ADP.PA – RBC downgrades its recommendation to underperform versus outperform.
(Written by Claude Chendjou, edited by Sophie Louet and Kate Entringer)