Corporate results:

  • Barratt Developments: The developer expects pre-tax profit for the year to be in line with estimates.
  • Darktrace: The group is sticking to its forecast, but is wary of foreign exchange headwinds.
  • EFG International: The Swiss group is raising its strategic targets despite eroding assets under management.
  • PageGroup: The UK-based company posted a 14% increase in gross profit in the third quarter and confirmed its operating profit outlook for fiscal 2022.
  • Philips: Quarterly earnings were down, weighed down by a €1.3 billion charge on the sleep apnea ventilator recall.
  • QinetiQ: The company reiterates its estimates for the year.

 

In other news:

  • Credit Suisse could be subject to a tax investigation in the US.
  • Intel is reportedly planning a big redundancy plan to deal with the PC market slowdown.
  • Cameco and Brookfield Renewable join forces to buy Westinghouse.
  • Twitter is reviewing its terms for permanently banning a user from its platform and may also become more flexible in moderating content, a long-standing demand of Elon Musk, who has revived his plans to buy the social network, the Financial Times reported Wednesday.
  • General Electric filed a registration statement with the SEC for the spin-off of its healthcare division.
  • Meta Platforms is releasing a more powerful virtual reality headset that targets professionals in particular.
  • Uber and Lyft fall after a proposed new regulation in the US.
  • Seadrill gets approval to re-list on the New York Stock Exchange.
  • Leonteq denies money laundering allegations and confirms targets.
  • Roche launches new generation of Covid tests in Europe.
  • Marvel Studios (Walt Disney) delays release of some films.
  • Vifor Pharma shares to be delisted.
  • The Boeing Company delivered 112 aircraft in Q3.
  • Apple on Wednesday announced plans to upgrade its iPhones by December to be compatible with 5G networks in India, as authorities urged phone makers to upgrade to the new standard.
  • Microsoft has partnered with Mercedes-Benz to use its MO360 cloud platform to improve production at more than 30 of the automaker's factories around the world.
  • Diamondback Energy - The oil and gas producer announced Tuesday that it has bought FireBird Energy for $1.6 billion in cash and stock. General Motors announced Tuesday that it plans to invest up to $69 million in Australian mining group Queensland Pacific Metals to secure its supply of nickel and cobalt, components used in batteries for electric vehicles.

Major earnings reports today: PepsiCo, Galp Energia, Toho, Eutelsat, DFDS... All the agenda is here.