Stock Markets: Stocks to Follow in Paris and Europe-May 19, 2022 08:50

(Photo provider: Adobe Stock-)

(Photo provider: Adobe Stock-)

Paris, May 19 (Reuters)-Euronext’s noteworthy stocks showing a low start on futures contracts with the Paris Stock Exchange on Thursday:

* Vallourec VLLP.PA announced on Wednesday a reduction in employment of 2,950 people worldwide, including more than 300 in France, due to a reorganization resulting in the closure of certain sites, especially those in the northern part of Sunsolve. nL6N2XA0AA

* Societe Generale SOGN.PA announced on Wednesday that it has completed the sale of its Russian business. The transaction will have a negative impact of approximately 7 basis points on the capital ratio, with net costs of approximately € 3.2 billion. nL5N2XA5O0

* EDF EDF.PA announced Thursday that a decline in nuclear production in France would affect Ebitda in 2022 by approximately € 18.5 billion. nL5N2XA6IS

* L’Oreal OREP.PA has finalized the acquisition of Byredo perfume from the UK investment fund Manzanita Capital. This is a deal based on a € 1 billion valuation, Le Figaro reported Wednesday. nL5N2XA69C

* Barneva VLS.PA announced on Thursday that the European Medicines Agency has accepted the submission of marketing approval documents (MA) for inactivated vaccine candidates for COVID-19. nL5N2XB0P4

* Eurazeo EURA.PA announced that it has launched a 100 million share repurchase program with assets under management increasing by 41.5% to € 32.2 billion in the first quarter. nS8N2UL0D3

* ELIOR ELIOR.PA-DERICHEBOURG DBG.PA has announced that it has signed a memorandum of understanding aimed at acquiring a minority stake in Elior. This will bring shares to 19.6% of the capital of the collective catering group.

* ORPEA ORP.PA announced on Thursday that it had not identified any significant adverse effects on cash flow or real estate assets for the time being, noting the press released Wednesday on suspicious financial transactions. nS8N2W807F nL5N2XA4JF

* Stellantis Next year, STLA.MI will begin remodeling its European dealer network from Austria, Belgium and the Netherlands, as well as vans and premium brands in all markets, local sales managers said Wednesday. nL5N2XA55F

* BHP BHPB.L, BHP.AX-Woodside Petroleum’s shareholder WPL.AX approved a merger with oil giant BHP, one of the world’s largest oil and gas producers, on Thursday.

*Volkswagen VOWG_p.DE, Head of the Consortium, is in the process of obtaining an unconditional green light from European competition authorities for a bid.Europcar EUCAR.PA is € 2.9 billion, sources familiar with the matter told Reuters. nL5N2XA58E

* Generali GASI.MI announced Thursday that net income for the first quarter fell significantly below expectations to reach € 727 million.

* EasyJet EZJ.L reported a loss of £ 545m (€ 642.7m) in the first half of the year, and demand was strong for the last 10 weeks of bookings above pre-pandemic levels.

* Clariant CLN.S announces higher annual results, with strong growth expected in 2022, especially in the first half of the year, and expected to be affected by the inflationary environment in the second half of the year.

* BBVA BBVA.MC announced on Wednesday that it has raised its stake in Garanti, one of Turkey’s largest banks, to 85.97% at 22.76 billion Turkish lira (1.36 billion euros).

* Duffy DUFN.S more than doubled its internal revenue growth in the first quarter, thanks to the recovery in travel in Europe.

* Agricultural credit CAGR.PA-JP Morgan has lowered the recommendation for “underweight” for “neutral”.

Points to note regarding changes to recommendations in Paris: nL5N2XB0ZU

(Written by Claude Chendjou and Laetitia Volga, edited by Jean-Michel Bélot)