Corporate results:

  • BAE Systems: The British company posted a 9.5% increase in annual profits and expects further growth this year.
  • Ebay warned to expect a decline in demand in the current six months after a drop in profit in the last three months of 2022 amid pressure on consumer spending in the U.S. and Europe.
  • Eni: sees its net profit doubling to €13.8 billion in 2022.
  • Genmab: The Danish company expects its sales to rise and its operating profit to fall in 2023.
  • NVidia issued a revenue forecast for the current quarter on Wednesday that beat Wall Street expectations.
  • Pirelli: strong growth in 2022 results. The market will be less dynamic this year.
  • Rolls-Royce topped forecasts with a 57% increase in profit.
  • NetApp reported adjusted fourth-quarter earnings per share below Wall Street expectations.
  • Telefonica: 2022 net profit exceeds market expectations at €2bn.
  • WPP: expects growth of 3 to 5% in 2023.
  • Lucid Group posted quarterly revenue below the Refinitiv consensus.
  • Bumble expects revenue growth this year of 16 percent to 19 percent, a rate higher than the market expected.

 

In other news:

  • Firmenich and Royal DSM get the green light from the EU for their merger.
  • Third Point wants to make its voice heard at the general meeting at Bed Bath & Beyond.
  • The supervisory board of SAP nominates Punit Renjen as chairman to replace Hasso Plattner.
  • John Wood rejects Apollo's takeover offer for 1.6 bn GBP.
  • Sika agrees to sell some of MBCC's assets to resolve competition issues in Canada.
  • Orsted offers €2bn of green bonds to finance renewable energy expansion.
  • Eni reaches agreement on biofuels for Saipem's naval fleet.
  • Roche commercializes two antibodies to diagnose brain cancer.
  • Deutsche Bank plans to strengthen its operations in Mexico.
  • Moderna announced that its experimental skin cancer vaccine combined with Merck& Co's Keytruda now has "breakthrough therapy" status as designated by U.S. regulators.
  • Bank of America (BofA) set aside $1.2 billion for litigation and fine settlements last year, compared with $164 million in 2021.
  • Wells Fargo laid off hundreds of mortgage bankers this week as part of its recent strategic plan, CNBC reports.

Main earnings reports today: Alibaba, AstraZeneca, Raytheon, Honeywell, Unilever, S&P Global, Intuit, Deutsche Telekom, EssilorLuxottica, AXA, Solvay, GSK, Moderna... All the agenda is here.