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Fehmi Ben Naamane
  • Fehmi Ben Naamane
Fehmi Ben Naamane
  • Fehmi Ben Naamane
Carole Braudeau
  • Carole Braudeau

Credit Morning 04/23/2026

SoftBank Group is reportedly seeking a $ 10bn margin loan backed by OpenAI shares|TUI has lowered its targets for 2025/26 in light of the situation in the Middle East|"Too big to fail" regulations: Federal Council Adopts Dispatch and Capital Adequacy Ordinance|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 23/04/2026

SoftBank Group négocierait un margin loan de 10 mds USD adossé à des actions OpenAI|TUI a revu en baisse ses objectifs pour 2025/26 compte tenu de la situation au Moyen-Orient|Réglementation too big to fail : le Conseil fédéral adopte certaines propositions|

Mariem Ben Nejma ... (+2)
  • Mariem Ben Nejma
  • Sinan Doganli
 PRESS RELEASE

Eramet: strong turnover momentum in Q1 2026 driven by a solid operatio...

Eramet: strong turnover momentum in Q1 2026 driven by a solid operational performance Paris, 23 April 2026, 7:30 a.m. PRESS RELEASE Eramet: strong turnover momentum in Q1 2026 driven by a solid operational performance Strong quarterly improvement in the Group accident frequency rate, however with a fatal accident to report in JanuaryAdjusted turnover1 of €840m, up 13% versus Q1 2025: Positive volume/mix effect (+15%), notably driven by an increase in sales of manganese ore (+10%) and nickel ore (+54%, with a less favourable mix), compared to lower comparatives in Q1 2025Positive price e...

 PRESS RELEASE

Eramet : croissance soutenue du chiffre d’affaires au 1er trimestre 20...

Eramet : croissance soutenue du chiffre d’affaires au 1er trimestre 2026 portée par une bonne performance opérationnelle Paris, le 23 avril 2026, 7h30   COMMUNIQUE DE PRESSE Eramet : croissance soutenue du chiffre d’affaires au 1er trimestre 2026 portée par une bonne performance opérationnelle Taux de fréquence des accidents du Groupe en forte amélioration sur le trimestre, avec toutefois un accident mortel à déplorer en janvierChiffre d’affaires ajusté1 de 840 M€, en hausse de 13 % par rapport au T1 2025 : Effet volume/mix positif (+ 15 %), porté notamment par la progression des v...

Stijn Demeester
  • Stijn Demeester

AMG/Rising prices support earnings momentum/BUY

Ahead of AMG's 1Q26 results, we reiterate our BUY recommendation yet lower our target price slightly from €45 to €44 per share, to reflect the dilutive impact of the recent capital raise. While 1Q26 Adj. EBITDA will be impacted by the reversal of the antimony tailwind and lingering operational issues, strengthening spot prices for lithium and ferrovanadium will start to positively impact AMG's earnings as of 2Q26, supporting AMG's earnings momentum later in the year.

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Allfunds Group plc: Challenging conditions. Barco: 1Q26 trading update

Guy Sips ... (+4)
  • Guy Sips
  • Jacob Mekhael
  • Kristof Samoy
  • Wim Lewi
Guy Sips
  • Guy Sips

Barco Withdrawing FY guidance in challenging market conditions

We lower our Target Price to €12 (€13.2) and maintain our Hold rating as 1Q26 sales came in at a weak -15% y/y €180.6m (KBCS €201.5m, CSS €198.6m). 1Q26 sales were impacted by a strong FX-effect. 1Q26 sales were nevertheless also -8% at constant FX as we saw delayed order conversion and cautious customer decision-making. 1Q26 order intake was € 215.4m (-7% y/y, flat at constant FX) while we were at €221.1m (CSS €222.4m), overall impacted by geopolitical uncertainty, while showing strength in Ent...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASM International: 1Q26 Preview. Barco: Preview 1Q26. Kinepolis: 1Q26 preview. UCB: Expanding its early-stage portfolio in epilepsy

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