Main earnings reports. PayPal, Novo Nordisk, Costco Wholesale, Uber, Booking, General Motors, Deutsche Post, Intesa, Vestas, Endesa, Genmab, Stellantis, Veolia, Solvay...

 

  • Activision Blizzard shares gained more than 5% after the group raised its 2021 targets last night.
  • Alcon: the former Novartis subsidiary reported first-quarter sales up 5% to $1.19bn and improved results. Full-year sales are expected to be between $7.8 and $8 billion, with an operating margin of 17%.
  • Deutsche Post: the boom in e-commerce allows the group to raise its targets.
  • Hugo Boss: the German group expects to at least double its Q2 sales. In Q1, they fell 8% at constant exchange rates.
  • Lyft: the stock is up 6% in after-hours trading on Wall Street after reporting smaller-than-expected Q1 losses.
  • Merck KGaA: Full-year earnings guidance above consensus after being raised.
  • Novo Nordisk: Q1 operating profit down, but less than expected.
  • Siemens Energy: gives up top of 2021 revenue guidance due to delays in renewable projects.
  • Solvay: the Belgian chemical company raised its free cash flow guidance for the current year after Q1 results beat expectations.
  • LafargeHolcim will become Holcim, dropping the French component of its name.
  • General Electric and AT&T shareholders vote against executive compensation.
  • Nissan sells its last 16.4 million Daimler shares (1.54% of the capital) for €1.15bn.
  • According to Reuters, The Boeing Company could be facing new electrical problems on its B737MAX.
  • HSBC will pay over €1bn to "sell" its French bank branches to Cerberus.
  • Delivery Hero shareholders place 9.8 million shares at an assumed price of EUR 123.10.
  • Nestlé to launch new plant-based milk brand.
  • Twitter prepares ad-free subscriptions with the acquisition of Scroll.
  • Siegfried to bottle Novavax vaccine.
  • Equinox is expected to go public via SPAC Social Capital.
  • Bucher Industries buys Lenze Mobile Drives.
  • Jessica Alba's Honest Company raises $413M in its IPO in New York.
  • Krispy Kreme wants to go public.