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.