Corporate results:

  • Darktrace cut its revenue outlook as customers turn cautious.
  • J Sainsbury sees profit at the top end of the range after Christmas sales rise.
  • JD Sports Fashion raised full-year profit forecast after strong year-end growth.
  • UK-based PageGroup cut its earnings outlook due to lower customer confidence.
  • Sika reports slightly better-than-targeted growth in 2022, thanks to strong price increases, but a bit below expectations.
  • Bed Bath & Beyond jumped 22.3% in pre-market trading despite announcing a much larger-than-expected quarterly net loss and a one-third drop in sales. The home goods chain announced last week that it was considering its options, including a bankruptcy filing.

 

In other news:

  • Boeing reports 774 net orders and delivers 480 aircraft in 2022.
  • Apple wants to break away from Samsung by developing its own displays. Meanwhile, a U.S. International Trade Commission judge found that Apple infringed on one of Masimo's patents on measuring blood oxygen on some Apple Watches, medical technology group Masimo announced in a statement.
  • Merck announced plans to sue some pharmaceutical companies after finding they were distributing its Covid-19 treatment in China without its approval.
  • Tesla wants to invest $775.7 million to expand its Texas plant.
  • Activist fund Bluebell is reportedly building up its stake in Bayer in an attempt to spin off the company, according to Bloomberg.
  • Coca-Cola and PepsiCo are the targets of an FTC pricing investigation.
  • Siemens Energy won a wind power contract worth more than €4 billion with Dragados Offshore.
  • Franchise Group is considering a U.S. delisting, according to the Wall Street Journal.
  • Fast Retailing (Uniqlo) is raising salaries sharply in Japan.
  • Snam and Eni finalized the purchase by Snam of 49.9% of Eni's stakes in the companies that operate the two international gas pipelines linking Algeria to Italy.
  • Wells Fargo is expected to exit the U.S. home loan market due to the impact of interest rate hikes and stricter regulatory requirements, CNBC reported Tuesday.
  • Bed Bath & Beyond will reduce its workforce in an effort to cut costs by up to $100 million, according to its CEO.
  • Equinor wins 26 new production licenses in Norway.
  • Medmix sells Polish subsidiary and revises operating margin downward.
  • Accenture releases a dividend.

Main earnings reports today: Sika, JD Sports Fashion, J Sainsbury... All the agenda is here.