Global markets live: Walmart, Home Depot, Darktrace, Twitter, Merck...

08/16/2022 | 11:52am

Everyday, the MarketScreener team selects the most important news about listed companies around the world. Here is a short recap for your convenience (The list is updated during the day):




Corporate results:

  • BHP: The mining company gains 5% in Sydney after its quarterly results.
  • Pandora: The jewellery specialist beat expectations on Q2 sales, but slightly disappointed on margins. Forecasts were confirmed.
  • Sonova: The Swiss group reduced its guidance for the 2022/2023 financial year.
  • Straumann: First-half profitability, although down, was above expectations. The outlook is confirmed but results are somewhat overshadowed by the departure of the CFO.
  • Tencent Music Entertainment - The Chinese online music group reported better-than-expected quarterly revenues.
  • Walmart’s shares jumped 5% after it said that it expects its annual profit to fall less than previously forecast, as promotions and lower fuel prices helped it beat expectations in the three months to the end of July.
  • The Home Depot posted better-than-expected comparable sales in Q2, thanks to strong demand from construction professionals and individuals.


In Other News:

  • Darktrace confirms that Thoma Bravo is considering a potential buyout.
  • Twitter - Activist fund Elliott Management, which called for management changes two years ago, exited the network in the second quarter, shortly after Elon Musk announced his intention to buy it, a stock exchange filing showed Monday.
  • Merck & Co - The pharmaceutical company announced a cooperation agreement with Orna Therapeutics in the field of RNA technologies, which provides for an initial investment of $250 million and conditional subsequent payments of up to $3.5 billion.
  • Paramount Global gained 1.2% in premarket trading after announcing a commercial partnership with Walmart to promote its Paramount+ online service.
  • American Airlines announced on Monday evening that it would cut several thousand flights from its November schedule in a bid to avoid airport disruptions.
  • Faraday Future Intelligent Electric - The electric vehicle developer announced Monday that it plans to raise up to $600 million, among other things, to finance the launch of its FF 91 luxury model, expected by the end of the year.
  • Snowflake - The online software company's shares fell 3.9% in pre-market trading after it announced a reduction in its stake in investment fund manager Tiger Global Management.
  • Ally Financial - Berkshire Hathaway, the group led by Warren Buffett, more than tripled its stake in the online bank in the second quarter, documents released Monday show. The stock gained 5.4 percent in pre-market trading.
  • Third Point calls for changes at Walt Disney, including the divestment of ESPN and the takeover of Hulu.
  • Philips proposes Roy Jakobs to replace Frans Van Houten as CEO.
  • The owner of Juicy Couture is to buy the UK's Ted Baker for around £211m, or GBp110 per share.
  • Elliott has reportedly sold almost its entire stake in Softbank, according to the Financial Times
  • British Airways (International Consolidated Airlines) employees are getting substantial pay rises.
  • Activist fund Elliott has reportedly built up a large position in Cardinal Health.
  • Snap surpasses 1 million paid subscribers to Snapchat+ and launches new features.
  • The FDA is considering an application to extend the approval of Roche's Polivy.
  • Qiagen launches a test to differentiate monkeypox from five other pathogens.

Today's main earnings reports: Walmart, The Home Depot, BHP, Sea Limited, Agilent, Straumann, Delivery Hero, Demant, Pandora... All the agenda here. 2022
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