Stock market: Stocks follow in Paris and Europe
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Aug 3 (Reuters) – Wednesday’s readings on the Paris Stock Exchange and in Europe, where futures contracts are pointing to an open without much change:
* SOCIÉTÉ GÉNÉRALE SOGN.PA on Wednesday reported a lower-than-expected second-quarter loss as momentum in its activity in both retail banking and markets offset the impact of the sale of its Russian subsidiary Rosbank ROSB.MM.
➦ SocGen performs better than expected in Q2, offsetting Rosbank sale
* AXA AXAF.PA on Wednesday reported first-half net income rose 3%, with higher property and health revenues offsetting the impact of the war in Ukraine.
➦ Axa net income up 3% in H1, impact of war in Ukraine estimated at €300m
* VEOLIA VIE.PA on Wednesday again reported strong growth in the second quarter, citing the “successful” start to the Suez integration and confirming its targets.
➦ Veolia announces that it has signed an agreement to acquire Vigie (ex-Suez) through the merger
➦ Veolia reports solid Q2, “success” of Suez integration
* BIC BICP.PA on Tuesday published that half-year sales rose 15.5% at constant exchange rates to 1.13 billion euros and raised its annual sales growth forecast of between 10% and 12% at constant exchange rates (compared to March 7th). % to 9% so far).
* INFINEON IFXGn.DE on Wednesday reported higher third-quarter sales and raised its full-year outlook.
* COMMERZBANK CBKG.DE on Wednesday reported stronger-than-expected second-quarter net income, confirming it is on track to meet its profit target for this year.
➦ Commerzbank-Better-than-expected Q2 earnings as interest rates rise
* TOD’S TOD.MI – The Della Valle family, the main shareholders of Tod’s, is preparing to make a bid for a part of the Italian luxury group’s shares it does not already own in order to delist the company from the Milan Stock Exchange. The family holding announced on Wednesday.
* BMW BMWG.DE saw its margin shrink in the second quarter as the consolidation of its Chinese joint venture BMW Brilliance dampened profits, the automaker said.
* JUST EAT TAKEAWAY.COM TKWY.AS on Wednesday reported a loss for the first half, but maintained its full-year growth and margin guidance.
* SIEMENS HEALTHINEERS SHLG.DE reported lower quarterly profit on lower revenue from rapid COVID-19 screening tests.
* VONOVIA VNAn.DE is up 2.5% after H1 FFO trading income rose 36%.
(Written by Olivier Cherfan and Laetitia Volga)
