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.