Corporate results:

  • Adecco: Q1 sales higher than expected with retraining activity.
  • Anheuser-Busch Inbev: Exceeds earnings expectations thanks to the impact of higher prices.
  • AP Moller Maersk: Maintains full-year guidance despite lower container volumes.
  • Equinor: Net income up in the first quarter, but revenue down. A share buyback program is in the pipeline.
  • Henkel: In 2023, organic sales growth is still expected to be between +1% and +3%, with adjusted EPS development between -10% and +10% in constant currencies.
  • Hugo Boss raises operating profit guidance after Q1.
  • Infineon: Raised its guidance
  • Leonardo: Quarterly profit is down, but orders jump.
  • Novo Nordisk: Exceeds forecasts in Q1.
  • Qualcomm: The stock loses 6.5% after the release of quarterly results.
  • Shell exceeds expectations with Q1 profit of $9.65bn.
  • Solvay raises its targets for 2023 after Q1 EBITDA above expectations.
  • Swisscom: First quarter net profit down and revenue unchanged.
  • Volkswagen confirms 2023 guidance after Q1 revenue up 22%.

In other news:

  • Vodafone and CK Hutchinson are reportedly close to a deal in the UK mobile sector based on a value of £15bn, according to the Financial Times.
  • Kenvue, the subsidiary that Johnson & Johnson wants to list on the stock exchange, would be listed on the basis of a price of 22 USD per share.
  • According to the latest rumors, the regional bank Pacwest has been approached by potential investors. The stock continued to sink yesterday on the stock exchange.
  • Option Care will buy Amedisys for $3.6 billion.
  • Unilever shareholders reject remuneration report at annual general meeting.
  • Apollo and other private equity firms are reportedly close to a buyout of Arconic at $30 per share, according to the Wall Street Journal.
  • Estée Lauder adrift yesterday in the stock market after reduced 2023 guidance.
  • Vonovia sells five properties for 560 MEUR.
  • Nel to build new smelter plant in Michigan, US.
  • GSK 's RSV vaccine for the elderly gets the green light from the US FDA.
  • EQT considers IPO of Italian medical device company LimaCorporate.
  • BMW launches a EUR 2bn share buyback program.
  • Today's top publications: Apple, Novo Nordisk, Shell, Anheuser-Busch Inbev, ConocoPhillips, Booking, Equinor, Volkswagen, Zoetis, BMW, Shopify, Moderna, Infineon, AP Moller Maersk, Henkel, Legrand, ArcelorMittal, ArgenX... The whole agenda is here.