Key earnings releases. Microsoft, Alphabet, Visa, Novartis, Texas Instruments, Eli Lilly, United Parcel Service, Amgen, Schneider Electric, HSBC, BP Plc, Atlas Copco, ABB Ltd

 

  • ABB Ltd.'s revenues in line with expectations in Q1. For the full year, revenue growth is expected to be at least 5%. The group is considering listing its electric vehicle charging division.
  • HSBC: The UK bank doubled its Q1 profit, despite a 5% contraction in revenue.
  • Novartis: revenue held up in Q1, but results are down to somewhat disappointing levels.
  • Tesla: The stock is down 2.5% in after-hours trading despite the release of record Q1 results. Margins fell due to supply chain pressure.
  • UBS Group: the bank reports mixed results, including a $774 million exposure to hedge fund Archegos.
  • The US will share about 60 million doses of AstraZeneca vaccine with the rest of the world. The EU has confirmed that it is taking legal action against the company for failing to meet its commitments.
  • Elon Musk eligible for $11bn bonus at Tesla.
  • DSV Panalpina buys Agility for $4.1 billion in shares.
  • Toyota buys Lyft's autonomous driving division for $550 million.
  • Credit Suisse activist shareholders target board members after financial scandals.
  • JPMorgan Chase to offer Bitcoin fund to wealthy clients.
  • Blue Origin challenges a contract awarded by Nasa to SpaceX.
  • GameStop raises $551M to accelerate its digital transformation.