Corporate results:

  • Deutsche Wohnen: Maintains its operating result stable.
  • Enel: 2022 earnings are up. A dividend of EUR 0.40 is proposed.
  • Fedex jumped 11.6% in premarket trading as the company raised its earnings-per-share forecast for this year to a range of $13.80-14.40 from a previous estimate of $12.50-13.50.
  • Vonovia: Strong 2022 results, before an expected decline this year.

 

In other news:

  • Big U.S. banks bail out First Republic by providing $30 billion.
  • Amgen on Thursday announced plans to cut 450 jobs, or less than 2 percent of its workforce, the company's second layoff plan this year, amid mounting pressure on drug prices and high inflation.
  • UBS and Credit Suisse oppose the idea of a mandatory merger.
  • Baidu gained 5.2% in pre-market trading after authorities granted a license for a robot cab service in Beijing.
  • After its fall, Baidu soars on promises of a competitor to ChatGPT.
  • Telenor and CK Hutchison in talks to merge their operations in Denmark and Sweden.
  • Carlsberg has appointed Jacob Aarup-Andersen as chief executive.
  • Groupon fell 6.3% in premarket trading after reporting a fourth-quarter adjusted net loss per share of $0.38 versus earnings of $0.18 a year earlier.
  • Compagnie Financière Richemont plans a secondary listing in Johannesburg.
  • John Wood Group extends the deadline for Apollo Global Management buyout proposal.
  • Volkswagen wants to invest in mines to reduce the cost of battery cells.
  • Motive Partners is reportedly negotiating to buy ACI Worldwide, according to Bloomberg.
  • SGS is buying Spanish Asmecruz's operations.
  • Aerojet Rocketdyne shareholders approve pending acquisition by L3Harris Technologies.
  • Novartis receives FDA approval for combination therapy for pediatric brain cancer.
  • Diploma completes the purchase of Tennessee Industrial Electronics and plans capital increase.
  • United States Steel climbed 4.8% in premarket trading after it reported adjusted first-quarter net income above analysts' expectations.

Main earnings reports today: Sonova, Bechtle, Wendel, Interroll, Unibel... The whole agenda is here.