Corporate results:
  • Adidas returns to net profit in the first quarter.
  • Banco Santander reports Q1 earnings up 11%.
  • Carlsberg says price increases have given 2024 a good start.
  • Clariant reports lower first-quarter sales.
  • Covestro beats first-quarter core earnings expectations.
  • Glencore reports lower copper production in first quarter.
  • HSBC reports quarterly earnings in line with expectations and will buy back $3 billion of shares. CEO Noel Quinn to leave, an unexpected announcement.
  • Lufthansa expects to return to profit in first half after wave of strikes.
  • Mercedes pledges to defend price levels after first-quarter profit decline.
  • NXP Semiconductors gains 6% after Q1.
  • Logitech improves fiscal Q4 revenues.
  • Samsung reports a sharp rise in Q1 earnings, driven by a rebound in demand for chips.
  • Straumann posts organic sales growth of 15% in Q1.
  • Telenor solidly in the green in Q1.
  • Volkswagen confirms forecasts.
  • Coca-cola raised its organic sales forecast for this year, following better-than-expected quarterly earnings.
  • Mcdonald's sees lower-than-expected first-quarter sales and earnings. 
  • Restaurant brands international - Burger King's parent company exceeded Wall Street expectations.
  • Eli lilly raised its annual sales forecast to $2 billion.
  • 3m Company recorded better-than-expected quarterly earnings
  • Paypal holdings  raised its adjusted earnings per share forecast for this year from flat to 2023.
  • Ge healthcare technologies missed expectations with its first-quarter sales.
  • Tenet healthcare raised raising its adjusted earnings per share forecast for this year.
  • NXP Semiconductors forecast better-than-expected earnings for the current quarter.
  • Microstrategy reported a net loss of $53.1 million in the first quarter, compared with net income of $461.2 million a year earlier.
  • Sirius xm recorded first-quarter sales ahead of Wall Street expectations. 
  • Coursera expects full-year sales to be below market forecasts.

In other news:

  • SES and Intelsat reportedly relaunch talks to form satellite giant (Bloomberg).
  • Matti Lehmus, CEO of Neste Oyj, steps down.
  • Sandoz resolves patent dispute with Amgen.
  • Jasmine Whitbread, President of Travis Perkins, steps down next month.
  • Burkhalter acquires Elektro Bernina.
  • Today's top publications:
  • Paramount global has replaced its CEO Bob Bakish with a trio of executives.
  • Tesla's Elon Musk has decided to lay off two senior executives, Rebecca Tinucci and Daniel Ho, and plans to let go hundreds of other employees, against a backdrop of slowing sales.
  • Microsoft will invest $1.7 billion over four years in the development of its cloud computing and artificial intelligence (AI) services in Indonesia, including the construction of data centers.
  • Mosaic announced the sale of its stake in a phosphate production joint venture to Saudi group Ma'aden for around $1.5 billion.
  • Comcast - NBCUniversal, a subsidiary, plans to pay an average of around $2.5 billion a year to broadcast several games of the NBA, the North American basketball championship, the Wall Street Journal reported.
  • Goldman sachs is in talks to transfer its credit card program with General motors to Barclays, the Wall Street Journal reported.
  • Vale and BHP propose a $25 billion compensation for the 2015 dam failure in Mariana, Brazil.
  • Coca-Cola prepares for the IPO of its African bottling arm, valued at $8bn, according to Bloomberg.
  • The US courts rejected Bristol-Myers Squibb and Johnson & Johnson's challenge to a law requiring them to negotiate prices for their blockbuster drugs with the Medicare program.
  • Paramount CEO Bob Bakish steps down.
  • Caterpillar is to delist its shares from two European stock exchanges, Paris and Zurich.
  • WeWork reaches agreement with its creditors and rejects Neumann's offer.