Resource stocks advanced in the hopes that demand for iron ore and copper is likely to rebound after China's imports advanced in April. CRH, the building materials company, reiterated its annual outlook.
BBVA launched a hostile takeover offer for Banco Sabadell. Nexi, an Italy-based payment processor, commenced its stock buyback program and reported a rise in revenue and operating earnings. BAE Systems reiterated its full-year outlook.
Credit Agricole reported a surge in its quarterly profit. Societe Generale reported a smaller-than-expected decline in its quarterly profit and reiterated its annual outlook. Krones AG confirmed its 2024 outlook and said first-quarter profit increased.
Shell launched a $3.5 billion stock buyback plan to be completed in the second quarter. Hugo Boss reiterated its annual revenue and operating earnings growth outlook. Vestas reported an unexpected loss in the first quarter.
Domino's Pizza said comparable sales declined in the first quarter but rose from two years ago. Next PLC reiterated its full-year revenue and earnings outlook. GSK Group said the full-year revenue increase is likely to be closer to the upper end of its guidance. Aston Martin reported a wider loss.
HSBC said pre-tax quarterly profit declined, and the chief executive unexpectedly announced his plans to step down. Adidas raised its full-year outlook. Vonovia reiterated its 2024 outlook. Mercedes-Benz, Stellantis, and Volkswagen reported weaker-than-expected quarterly results.
Deutsche Bank said its ongoing litigation costs are likely to negatively impact its second-quarter and full-year earnings. France moved to secure key divisions of the debt-laden Atos SE. Vivendi reported better-than-expected quarterly results.
BHP Group proposed to acquire the rival Anglo American to increase its copper production as the world transitions to electric vehicles, renewable energy equipment, and the smart grid. French defense company Dassault Systemes reported solid first-quarter results.
Evotec swung to a loss in 2023, and the company appointed a new chief executive. Svenka Handelsbanken said quarterly earnings fell after costs rose faster than revenue. Air Liquide said first-quarter revenue declined, reflecting lower energy prices.
JD Sports proposed to acquire the U.S.-based sports retail chain Hibbett. Novartis raised its annual outlook. Taylor Wimpey reiterated its 2024 estimates. Associated British Foods lifted its annual profit guidance.
Alstom agreed to sell its rail signaling operations in North America. Tyman agreed to be acquired by Quanex. Tesco launched the first tranche of its one billion-pound stock buyback plan.
Sodexo reiterated its 2024 revenue growth to be near the top end of its previously issued guidance. L'Oreal said comparable sales in the first quarter increased by 9.4%. 888 Holdings reported better-than-expected first-quarter revenues and supported its full-year targets.
ABB offered a positive outlook for fiscal 2024. Danone reiterated its fiscal year outlook after reporting a strong sales increase in the latest quarter. Nokia reported a weaker-than-expected profit in the first quarter.
LVMH said quarterly revenue declined following the weakness in its wine and spirits, watches, and jewelry segments. ASML reiterated its annual sales outlook despite weaker-than-expected new orders in the first quarter.
Beiersdorf lifted its 2024 sales outlook. Dr. Martens offered a cautious outlook for the current fiscal year and said its chief executive has resigned. Superdry said it plans to delist from the London Stock Exchange.
