Key earnings reports. Softbank, Coinbase, Flutter, Brenntag, HelloFresh, Intercontinental Hotels, Valneva...

 

  • Faurecia and Compagnie Plastic Omnium are still eyeing Hella, which could be valued at €8bn, according to Bloomberg.
  • Valneva reports half-year results and expects preliminary Phase III results from its Covid-19 vaccine candidate to be available in early Q4.
  • Nestlé completes the acquisition of Bountiful's main brands for CHF 5.2 billion.
  • Canadian Pacific is reportedly coming back with an improved offer for Kansas City Southern, according to the Wall Street Journal.
  • Refiner Phillips 66 is considering expanding into electric batteries, its CEO said.
  • Dufry still lost nearly CHF500m in H1, as sales continued to be hampered by health restrictions.
  • AMC Entertainment is exceeding expectations as audiences return to theaters.
  • Reliance is considering a bid for T-Mobile Netherlands, according to Bloomberg.
  • SkyWest orders 16 E175s from Embraer .
  • Intercontinental Hotels returned to profit in H1.
  • Flutter's H1 profit fell 12%. The US subsidiary should be profitable by 2023.
  • Munich Re should meet its targets despite cost inflation.
  • Deutsche Post is reportedly interested in Hillebrand, according to Bloomberg.