(Updated with Sainsbury)
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Variation in futures on the CAC 40 0#FCE index:
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Variation in futures on the Stoxx 600 index 0#FXXP:
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Values which are traded ex-dividend .EX.PA
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Update on European markets .EUFR
Stocks to follow on Wednesday on the Paris Stock Exchange and in Europe:
* TOTALENERGIES TTEF.PA published on Wednesday a record group net profit of $21 billion for 2023, despite the drop in the price of hydrocarbons, and announced an increase in its dividends.
➦ TotalEnergies-New record profit, increase in dividend
* AMUNDI AMUN.PA reported on Wednesday a 7% annual increase in its assets under management as of December 31, as prolonged uncertainty in the markets continued to fuel demand for low-risk investment products.
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Amundi-Amounts under management up in Q4 with demand for low-risk investments
* VERALLIA VRLA.PA – Berenberg raises its recommendation to “buy” against “hold”.
* PLUXEE PLX.PA – Deutsche Bank initiates stock monitoring and recommends “buy”.
* PUBLICIS PUBP.PA and VINCI SGEF.PA are among the main companies in Europe which are due to publish their quarterly results this Wednesday.
* TIKEHAU CAPITAL TKOO.PA – The asset management company
reported on Tuesday a 13% increase in its assets under management at the end of December over 12 months.
➦ Tikehau Capital-Assets under management reach €42.8 billion at the end of 2023
* SAINT GOBAIN SGOB.PA announced on Tuesday that it had signed a ten-year renewable electricity supply contract in Italy with Axpo Italia.
➦ Saint Gobain signs a renewable electricity supply contract in Italy
* SAINSBURY SBRY.L on Wednesday set a new cost reduction target of 1 billion pounds (1.2 billion euros) over three years in order to offer both better prices and higher wages.
* DHL DHLn.DE loses 1.6% before the opening in Frankfurt on Wednesday after the German public bank KfW sold 50 million shares of the group for 2.17 billion euros on Tuesday.
* HANNOVER RE HNRGn.DE reported a drop in its core profit for 2023 on Tuesday, under pressure from an increase in reserves in its general insurance business.
* SIEMENS ENERGY ENR1n.DE said on Wednesday it still expected 1.6 billion euros in costs linked to quality problems in its onshore wind turbine division. The group also said it made a net profit of 1.58 billion euros in the first quarter, citing a one-off gain from the sale of an Indian subsidiary to its former parent Siemens SIEGn.DE .
* RENK R3NK.DE – The tank gear maker said on Tuesday it was increasing the size of its IPO by 50 million euros, and will sell around 500 million euros worth of shares in the framework of its private placement. Renk will have a market value of 1.5 billion euros when markets open in Frankfurt on Wednesday.
* AKZO NOBEL AKZO.AS – The paints and coatings maker’s core profit for the fourth quarter fell short of market expectations on Wednesday, weighed down by the negative impact of hyperinflation in Turkey and Argentina.
* MONTE DEI PASCHI DI SIENA BMPS.MI on Wednesday posted a profit of 1.23 billion euros for the October-December period, exceeding its forecasts for the full year in a single quarter, and said that it would start paying a dividend again.
* EQUINOR EQNR.OL on Wednesday posted slightly better than forecast operating profit for the final three months of 2023, but said it would cut its payouts to shareholders in 2024 to $14 billion, from $17 billion in 2023.
* CARLSBERG CARLb.CO announced on Tuesday the increase in its turnover and operating profit growth target for 2027 after an overhaul of its strategy.
* PANDORA PNDORA.CO – The world’s largest jewelry manufacturer said on Wednesday it was targeting organic revenue growth of between 6% and 9% in 2024. L6N3ES08D
* SECURITAS SECUb.ST, the world’s second-largest security services group, reported a slightly lower-than-expected rise in core profit on Wednesday, and said profitability had been dragged down by poor company results. its division related to critical infrastructure services.
THE FRANCE & INTERNATIONAL 7-DAY AGENDA:
(Writing by Corentin Chappron, edited by Zhifan Liu and Kate Entringer)