Corporate results:

  • Alcoa: Fourth quarter results are below market expectations.
  • BHP: The mining group reports higher copper and iron ore production in the first half of the fiscal year.
  • Boohoo: Sales decline 12% in 2022, for a core profit margin of 3.5%.
  • Deliveroo: Q4 gross transaction value up 6% to £1.8bn, but orders down 2%. But break-even was achieved in H2.
  • Dr. Martens: Issues profit warning after problems at US distribution center.
  • Galenica: Revenues exceed CHF 4 bn, up 7% excluding covid effect.
  • Geberit: Revenue were down 2% in 2022.
  • Zur Rose: Ebitda loss is less severe than expected in 2022.
  • Procter & Gamble raised its annual sales target, expecting higher prices to help offset lower demand for its consumer products.

 

In other news:

  • Linde shareholders validate a single listing in New York.
  • Apple wants to expand into the smart home and thus step on the toes of Amazon and Google, according to Bloomberg.
  • Lufthansa is the only company to bid on ITA Airways.
  • Chesapeake Energy announced Wednesday that it will sell part of its South Texas operations to WildFire Energy, a private equity firm, for $1.43 billion in cash.

Main earnings reports today: Procter & Gamble, Caterpillar, Netflix, CVS Health, Compass, Bankinter, Belimo... The whole agenda is here.