Richard Sengmany
Oddo BHF raises Vallourec price target to 31 euros
Oddo BHF maintains its outperform rating on Vallourec and raises its price target from 30 to 31 euros. This target remains based on an EV/EBITDA multiple of 8x for the next 12 months. 'The group's profound restructuring (through the closure of loss-making plants and the 'Value over volumes' strategy) is bearing full fruit,' the broker noted to justify its decision.
May 14, 2026 at 04:07 pm
Burberry returns to profitability
For the 2025-2026 fiscal year, Burberry reported a significant improvement in its financial performance. Over this period, the British luxury giant stated that adjusted operating profit rose to 160 million pounds sterling, up from £26 million a year earlier. The adjusted operating margin reached 6.6%, an increase of 570 basis points at constant exchange rates and 560 basis points at actual rates, bolstered by £80 million in operating expense (Opex) savings achieved during the year.
May 14, 2026 at 08:24 am
European markets set to extend gains as US-China summit takes center stage
European equities are expected to maintain their cautious upward momentum 30 minutes ahead of the penultimate session of the week, amid persistently high geopolitical tensions between the United States and Iran. As the Middle East conflict enters its 76th day, the CAC 40 is tipped to gain 0.52%. Frankfurt and London are also seen opening higher, up 0.60% and 0.25% respectively. Investors will be closely monitoring the US-China summit in Beijing, which commences this Thursday.
May 14, 2026 at 07:33 am
Vallourec builds resilience: EBITDA proves stronger than expected
Vallourec shares climbed 6.83% to 25.64 euros, marking the strongest performance on the SBF 120 this Wednesday. The stock is supported by a first-quarter 2026 EBITDA (earnings before interest, taxes, depreciation, and amortization) that rose by 4 million dollars, landing at the top end of its guidance range, alongside reassuring cash generation. During this period, the supplier of seamless tubes for the oil and gas industries converted more than 60% of its EBITDA into cash, a 10 percentage point increase compared to the first quarter of 2025.
May 13, 2026 at 10:48 am
Coface: net income slips approximately 14% in the first quarter
The credit insurance leader posted net income of EUR 53.6m for the first quarter of 2026. While net profit fell by 13.7%, the group maintained solid profitability (RoATE of 11%) and accelerated its shift toward information services. Coface opened the 2026 fiscal year in a global context electrified by tensions in the Middle East. Despite the blockade of the Strait of Hormuz and uncertainties weighing on global trade, the credit insurer reported stable revenue of EUR 465m.
May 13, 2026 at 08:09 am
Vallourec anticipates a decline in Group EBITDA for Q2 2026
In the first quarter of 2026, Vallourec reported Group EBITDA (earnings before interest, taxes, depreciation, and amortization) of 220 million dollars, stable compared to Q1 2025, with an improved EBITDA margin of 22.6%, up approximately 200 basis points sequentially. This EBITDA figure sits at the high end of the company's guidance range. During this period, the seamless tube manufacturer demonstrated robust cash generation of 135 million USD (versus 110 million USD a year earlier), maintaining a net cash position of 67 million USD after 107 million USD in share buybacks.
May 13, 2026 at 07:32 am
Jacquet Metals: Quarterly sales retreat but recurring EBITDA climbs
Jacquet Metals reported first-quarter 2026 sales of 502 million euros, down 1.7% year-on-year. Gross margin stood at 124 million euros, representing 24.7% of revenue compared to 23.4% in the first quarter of 2025.
May 12, 2026 at 05:22 pm
CAC 40 slips below 8,000 mark as Middle East peace hopes fade
European stock markets closed lower in Tuesday's session as geopolitical instability continues to dictate global market trends. Prospects for a lasting peace between the United States and Iran are darkening once again. The CAC 40 recorded its fourth consecutive session in the red, shedding 0.95% to fall below the 8,000 threshold, closing at 7,979.92. The Euro Stoxx 50 retreated 1.42% to 5,811.57 points, while Frankfurt and Amsterdam dropped 1.54% and 1.55% respectively.
May 12, 2026 at 04:57 pm
European markets hit by fresh chill
After posting sharp gains over the last two sessions on strong signals of de-escalation in the Middle East conflict, European stock markets retreated at Thursday's close. Following a 4.05% two-day rally, the CAC 40 shed 1.17% to end at 8,208.08 points. The Eurostoxx 50 fell 0.94% to 5,970.66 points, while London's FTSE dropped 1.44%. On Wall Street, indices were trading mixed, with the Dow Jones down 0.2% around 5:45 PM.
May 07, 2026 at 04:48 pm
Engie: Quarterly results lack spark
Engie (-1.92% at 27.04 euros) is posting one of the sharpest declines on the CAC 40 this Thursday, weighed down by an underperformance in the first quarter of 2026. Over this period, the natural gas and electricity supplier generated revenue of 20.6 billion euros, down 11.6% on a reported basis and 9.5% organically. EBITDA stood at 4.7 billion euros, down 13.6% reported and 12.3% organically, compared to expectations of 4.6 billion euros. EBITDA (excluding Nuclear) came in at 4.6 billion euros, down 6% reported and 4.4% organically.
May 07, 2026 at 10:59 am
Engie: Quarterly EBITDA declines, 2026 outlook maintained
In the first quarter of 2026, Engie generated revenue of 20.6 billion euros, down 11.6% on a reported basis and 9.5% on an organic basis. EBITDA stood at 4.7 billion euros, down 13.6% reported and 12.3% organic. EBITDA (excluding Nuclear) came in at 4.6 billion euros, down 6% reported and 4.4% organic. EBIT (excluding Nuclear) reached 3.4 billion euros, a decrease of 8.4% reported and 6.6% organic.
May 07, 2026 at 07:18 am
Veolia lifted by robust EBITDA growth
Veolia shares gained 1.68% to 36.27 euros. The stock of the world leader in environmental services posted one of the strongest gains on the CAC 40 this Wednesday, bolstered by a solid operational performance, rising profitability in the first quarter of 2026, and the confirmation of its full-year guidance.
May 06, 2026 at 01:47 pm
European markets remain resilient amid diplomatic de-escalation
The tide seems to be turning toward optimism in Europe. European stock markets confirmed their rebound this Wednesday, following Donald Trump's announcement of a brief suspension of his 'Project Freedom' operation in the Strait of Hormuz. Around 12:00 p.m., the CAC 40 gained 2.51%, crossing the 8,260-point mark (8,264.95). The Eurostoxx 50 advanced 2.37% to 6,008.62 points. London and Frankfurt rose by 2.18% and 2.44% respectively.
May 06, 2026 at 11:40 am
TotalEnergies CEO warns fuel price cap will end if refineries face surtax
In an interview with the French regional daily Sud Ouest on Monday, TotalEnergies CEO Patrick Pouyanné warned that maintaining the fuel price cap at the pump would be compromised if a new tax were to hit its refining operations. During the interview, he asserted that the oil giant 'is not going to apologize for performing and succeeding in its field.' 'On the contrary, we should be proud of it. There is no shame; it means the company is functioning well,' he emphasized.
May 06, 2026 at 07:42 am
Veolia: Sustained EBITDA growth, 2026 targets reaffirmed
In the first quarter of 2026, Veolia reported 'resilient' revenue growth to 11.427 billion euros. This represents a 1% increase on a like-for-like basis and 2.1% excluding the impact of energy prices. EBITDA reached 1.766 billion euros, up 5.1% on a like-for-like basis, with the margin expanding by 73 basis points.
May 06, 2026 at 07:21 am
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