Stock market: Followed by stocks in Paris and Europe – 07/12/2022 at 09:10

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Followed by the stocks that will follow on Tuesday on the Paris and European Stock Exchange:

* Renault RENA.PA – The automaker on Tuesday reported a dip in first-half sales after losing its second-largest market, Russia, but made further progress in its more profitable distribution channels. Renault’s commercial director said he expects a “significantly higher” level of production for the second half of the year than the first.

➦ Renault-Electric and hybrid recently accounted for 50% of sales in Europe – COO Renault brand

Renault volume -29.7% in the first half due to Russia and chips

*EDF Two sources familiar with the matter said on Monday that the French government is expected to spend more than eight billion euros to take full control of the EDF and wants to complete the process in the fall.

➦ EXCLUSIVE – Acquisition of EDF could cost over €8 billion from sources

* LVMH LVMH.PA – Sephora, the perfume chain of the LVMH Group, announced on Monday the signing of an agreement to sell 100% of the shares of its subsidiary in Russia to its local director.

➦ Sephora announces the sale of 100% of the shares of its subsidiary in Russia

* Thales TCFP.PA on Tuesday announced the acquisition of Dutch cybersecurity specialist OneWelcome for €100 million.

➦ Thales acquires OneWelcome for 100 million euros

* Orazio EURA.PA has announced the signing of an exclusive agreement with Apax Partners to sell its stake in sensitive site security firm Vitaprotech.

* BONDUELLE BOND.PA announced Monday that its current sales growth and operating margin should be below stated targets, respectively, with increases of 3% and 3.6% with a fixed range and exchange rates for some practices as a whole.

* EIFFAGE FOUG.PA – The French group announced on Monday that it had recently acquired a majority stake in Dutch companies Harwig and Eltra, via its subsidiary Kropman, for an undisclosed amount.

*sorry BASFn.DE – The German chemicals group announced Monday evening that operating results for the second quarter largely exceeded expectations thanks to the passing of selling prices to an increase in raw material prices and a stronger dollar. The title gained 1.3% in pre-market trading.

* Saipem On Monday evening, it announced that its capital increase had enabled it to raise approximately 1.395 billion euros to strengthen its balance sheet, provided that the new shares offered on the market would be subscribed to by about 70%. The final results of the process are expected to be announced on Friday.

* DNB . Bank DNB.OL – Norway’s leading bank published its quarterly results on Tuesday that beat expectations, buoyed by higher interest rates and the strength of the Norwegian economy.

* UNIBAIL-RODAMCO-WESTFIELD URW.AS – RBC lowered its recommendation to “underperformance” against “segment performance” and raised its target price to €42 from €77.

* clipper LOIM.PA – Goldman Sachs raised its recommendation of “buy” to “neutral”.

(Reporting by Claude Shingo; Editing by Sophie Lott and Kate Enteringer)

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