Stock exchange: stocks to follow in Paris and Europe

Follow-up shares on the Paris Stock Exchange - Monday 1 August 2022

(Photo credits: Adobe Stock -)

August 4 (Reuters) – Stocks to watch on Thursday on the Paris Stock Exchange and in Europe:

* CREDIT AGRICOLE CAGR.PA on Thursday reported better-than-expected results in the second quarter thanks to a record level of activity in investment banking, as market volatility led to strong demand for hedging instruments. The appointment of two new deputy managing directors in addition to Xavier Musca was also announced on Wednesday.

➦ Crédit Agricole SA appoints two new Deputy CEOs

➦ Crédit Agricole SA exceeds expectations in the second quarter, record business at CIB

* SES SESFd.PA is in talks to merge with its US competitor Intelsat, the Financial Times reported on Thursday. The Luxembourg-based satellite company also announced Thursday a half-year gross operating surplus above the consensus compiled by Vara Research.

➦ Satellite operators SES and Intelsat discuss merger – FT

* ADIDAS ADSGn.DE reported a 28% drop in Q2 operating profit, hurt by the suspension of operations in Russia, rising supply chain costs and health restrictions in China and the United States. Vietnam.

* BAYER BAYGn.DE increased its full-year profit forecast on Thursday thanks to strong demand for seeds and chemicals for agricultural crops and increased sales of consumer health products.

* LUFTHANSA LHAG.DE recorded an operating profit (Ebit) of 393 million euros in the period April-June thanks to its air cargo business, but the German company announced that it will offer around 80% in the third quarter alone. passenger transport capacity compared to pre-pandemic, which is lower than expected.

* ZALANDO ZALG.DE posted a 58% drop in second quarter adjusted operating profit on Thursday, but said it expects better profitability in the second half of 2022. According to broker Lang & Schwarz, the online fashion group wins l ” 1.7% advantage on the market.

* ING INGA.AS – The largest Dutch bank posted a better-than-expected second quarter pre-tax profit on Thursday.

* BANCO BPM BAMI.MI – The third largest Italian bank, whose largest shareholder is Credit Agricole, recorded a second quarter net profit of 206 million euros on Wednesday, above the consensus of analysts interviewed by Reuters, which stood at 180 million euros.

* BEIERDORF BEIG.DE recorded organic revenue growth of 10.5% in the first half and confirmed its lead for the year.

* GLENCORE GLEN.L said Thursday $ 4.5 billion in cash distributions to shareholders, including through a $ 3 billion share buyback program, after announcing a record half-year profit.

* TELECOM ITALIA TLIT.MI expects a less marked decline in operating profit for 2022 than previously expected, thanks to the encouraging results of the second quarter, favored by the reduction in costs and the contribution of its Brazilian subsidiary. L6N2ZF0DY

* MERCK KGAA MRCG.DE saw its adjusted profit increase 13.1% in the second quarter, driven by revenues from its laboratory equipment and semiconductor manufacturing chemical operations.

* LANXESS LXSG.DE – The German chemical company announced a higher-than-expected gross operating surplus for the second quarter on Thursday, thanks to higher prices for its products.

* ADECCO ADEN.S announced a 13% increase in its quarterly turnover.

* BELIEVE BLV.PA reported first-half adjusted EBITDA of up to € 11.7 million and the group expects organic revenue growth of approximately 29% in 2022, up from 20% announced in May.

(Written by Laetitia Volga, edited by Nicolas Delame)

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