Corporate results:

  • Bureau Veritas targets moderate organic revenue growth.
  • EssilorLuxottica: Q1 revenues higher than expected.
  • American Express was down 1.2 percent in pre-market trading after reporting first-quarter earnings per share of $2.40, compared with $2.66 expected.
  • Fnac Darty confirms its targets after stable Q1 revenues.
  • Gaztransport & Technigaz targets confirmed after Q1 revenues up 17.2
  • Gecina: 2023 recurring earnings per share target confirmed at EUR 5.80 to 5.90
  • Ipsos: Activity contracted in Q1 but targets are confirmed.
  • Holcim raises its full-year guidance after a better-than-expected first quarter.
  • Mercedes reports better-than-expected Q1 preliminary results.
  • Salvatore Ferragamo sales are down in Q1.
  • Philip Morris International - Marlboro Cigarette maker cut its full-year profit forecast on Thursday, citing higher tobacco leaf prices, energy and labour costs, which weighed on the stock, which was down 2 percent in premarket trading.
  • Blackstone on Thursday reported a 36% decline in first-quarter distributable earnings per share amid a slowdown in the housing market. 
  • International Business Machines (IBM) beat Wall Street expectations for first-quarter profit and reported better-than-expected demand for IT services, sending its stock up 1.8% before the open.

In other news:

  • AT&T stock collapsed 10% yesterday on Wall Street, its biggest drop since 2000, after poor quarterly results.
  • After unleashing a price war, Tesla is raising prices on some models in the U.S.
  • Negotiations with Lufthansa are "very advanced" regarding ITA Airways, according to Rome.
  • Bed Bath & Beyond fell 14.4% in premarket trading as the Wall Street Journal reported that the home goods retailer was preparing to file for bankruptcy this weekend.
  • Henkel sells its Russian business for 600 MEUR.
  • FirstGroup and infrastructure fund I Squared are considering competing bids for parts of Deutsche Bahn's international transport business, Arriva.
  • Credit Suisse is facing a $160m lawsuit over the sale of subprime mortgages.
  • Eni begins drilling the Raia-1 well offshore Mozambique.
  • Sony Interactive Entertainment acquires Firewalk Studios from ProbablyMonsters.
  • IMCD acquires Swedish minerals and chemicals distributor ACM.
  • Today's top publications: Procter, BHP Group, SAP, Schlumberger, Investor AB, Holcim, Sandvik, Geberit, Teleperformance, Bachem... All the agenda is here.