Corporate results:

  • Bank of Ireland will more than triple shareholder return.
  • Bunzl acquires Nisbets' UK business and warns of 2024 margins.
  • PostNL forecasts growth in 2024 driven by Asian volumes and cost control.
  • Domino’s Pizza jumped 5.4% in premarket trading after the group reported better-than-expected fourth-quarter like-for-like sales, thanks in particular to an overhaul of its loyalty program and a partnership with Uber Eats.

In other news:

  • Walt Disney and Reliance have signed a binding pact to merge their media businesses in India, reports Bloomberg.
  • Alcoa - On Monday, the American aluminum producer offered its Australian partner Alumina to buy out its 40% stake in their joint venture Alcoa World Alumina and Chemicals (AWAC) for $2.2 billion, believing that such a deal would open up more opportunities for growth. Alcoa loses 3% in pre-market trading.
  • Iliad takes a 19.8% stake in Swedish operator Tele2 by acquiring Kinnevik's shares.
  • Warren Buffett asserts that Berkshire Hathaway is "built to last", even if the spectacular gains are over.
  • Broadcom is close to an agreement to sell its end-user computing unit (EUC) to KKR for $3.8 billion, according to rumors.
  • The UK antitrust authority opened investigation into homebuilders Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey and Vistry.
  • Ryanair asks Boeing to compensate for losses due to aircraft delivery delays.
  • Exxon Mobil plans to sell $1 billion of shale assets in Argentina.
  • Ant Financial tops Citadel's bid to take over Credit Suisse's Chinese bank (UBS).
  • Tokyo pledges an additional $4.9 bn to help Taiwan Semiconductor expand production in Japan.
  • Oncopeptides - FDA withdraws approval of blood cancer drug. The stock fell 20% on Friday after the announcement.
  • SGL Carbon plans will sell its carbon fiber business.
  • Samhällsbyggnadsbolaget (SBB) creates a joint venture with Castlelake to refinance its debt.
  • BYD unveils an exceptional electric car priced at USD 200,000 to rival Ferrari and Lamborghini.
  • Goldman Sachs - Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has signed a $1 billion agreement with the US bank to co-invest in private credit transactions in the Asia-Pacific region, the two companies announced on Monday.
  • Amazon founder Jeff Bezos, Nvidia and other big names in new technologies are investing in the startup Figure AI, which is developing humanoid-like robots, Bloomberg reported on Friday, citing sources informed of the matter.
  • Intuitive Machines plunged 35% in premarket trading after the lunar lander announced that its Odysseus module had overturned shortly after touching the lunar surface.
  • General Motors unveiled the model with which it plans to make its comeback in France, the "Lyriq", a premium electric SUV from the Cadillac brand.
  • Teva Pharmaceutical climbs 5.5% in pre-market trading, as the Israeli pharmaceutical group and its partner Alvotech announce that the US Food and Drug Administration has approved Simlandi, a biosimilar of Humira, AbbVie’s treatment for rheumatoid arthritis.
  • In a blog, Meta announced its intention to set up a team dedicated to combating misinformation and the misuse of generative artificial intelligence in the run-up to the European elections on June 6-9.
  • Delta Air Lines asked the U.S. government on Friday to allow it to continue its partnership with Aeromexico, at the risk of having to cut nearly twenty routes.