ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 06/25/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 25/06/2025

ODDO : Feu vert sous conditions du Gvt espagnol à l’OPA de BBVA sur Sa...

ODDO : Spanish government gives conditional green light to BBVA's take...

Credit Morning 05/28/2025

Tereos : -29% decline in EBITDA for 2024/25 and very cautious guidance for 2025/26, with leverage that could reach 5x.|IHO roadshow feedback: ContiTech monetisation could help IHO to de-lever… but earliest 2026|Emeria: Q1 2025 results reassuring despite ongoing liquidity concerns|Isabel Marant: despite a further improvement in the topline, EBITDA fell again in Q1|Tough 2025 results, withdrawal of 2026 targets, Q1 2026 revenue expected to drop by 20%, and new CFO|

Morning Crédit 28/05/2025

Tereos : publication d’une baisse de -29% de l’EBITDA en 2024/25 et guidance très prudente pour 2025/26, avec un levier qui pourrait aller jusqu’à 5x.|IHO roadshow feedback: ContiTech monetisation could help IHO to de-lever… but earliest 2026|Emeria : un T1 2025 rassurant même si la liquidité reste critique|Isabel Marant : malgré une nouvelle amélioration de la topline, l’Ebitda est à nouveau en baisse au T1|Résultats 2025 difficiles, retrait des objectifs 2026, CA T1 2026 attendu en baisse org....

IBERIAN DAILY 27 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ENAGÁS, REPSOL, TALGO. Gains return to Europe with D. Trump Without macroeconomic drivers, European stock markets recovered much of the ground lost last Friday after the shift in D. Trump’s tariff policy, postponing the threat to implement 50% tariffs to Europe until the 9th of July. Thus, in the STOXX 600 all sectors saw gains, led by Autos and industrials vs. the worse relative performance of Household and Retail. On the macro side, in China industrial profits in 2025 grew +1.4%...

INFORME DIARIO 27 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENAGÁS, REPSOL, TALGO. Trump devuelve las ganancias a Europa Sin referencias macro ayer las bolsas europeas recuperaron gran parte de lo perdido el viernes tras el giro en la política arancelaria de Trump de retrasar hasta el 9 de julio la amenaza de aplicar aranceles del 50% a Europa. En el STOXX 600 todos los sectores tuvieron ganancias, lideradas por Autos e Industriales frente al peor comportamiento relativo de Hogar y Retail. Por el lado macro,...

Enagas : Increased proceeds from Peruvian GSP arbitration

Air Liquide: 1 director

A director at Air Liquide sold 1,329 shares at 183.308EUR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...

Credit Morning 05/16/2025

Reportedly, Bayer thinks about sending Monsanto into chapter 11 to solve litigation|Teva: Moody’s upgrades the rating to Ba1/stable from Ba2/positive|Techem Q2 25 call notes: Likely no imminent call of EUR 750 Temporary Notes|Crédit Logement released its 2024 results|BFCM announces the call for its Perp CMS on 16/06/2025|

Morning Crédit 16/05/2025

Reportedly, Bayer thinks about sending Monsanto into chapter 11 to solve litigation|Teva : Moody’s rehausse le rating de Ba2/positive à Ba1/stable|Techem Q2 25 call notes: Likely no imminent call of EUR 750 Temporary Notes|Crédit Logement a publié ses résultats 2024|BFCM annonce le call de son Perp CMS à la date du 16/06/2025|

Credit Morning 05/15/2025

Maxeda: solid Q4 results and Q1 expected to be strong. Further bond buybacks.|Ubisoft: sharp decline in 2024/25 earnings, no rebound expected in 2025/26|Forvia is considering selling its spare parts division|Techem Q2 25 results: Good earnings print; ownership change and mandatory call remain open|

Morning Crédit 15/05/2025

Maxeda : de bons résultats T4 et un T1 qui devrait l’être tout autant. Poursuite des rachats de dettes.|Ubisoft : résultats 2024/25 en forte baisse, pas de rebond attendu en 2025/26|Forvia envisagerait la cession de sa division de pièces détachées|Techem Q2 25 results: Good earnings print; ownership change and mandatory call remain open|

IBERIAN DAILY 15 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, ENAGÁS. The Ibex remains unstoppable Despite being a session of drops in most European stock markets, Italy and Spain rallied once again, with the IBEX breaking above 13,800 points. In the STOXX 600, most sectors (15/20) closed with losses, led by Consumer Goods and Pharma, with Construction and Banks rising the most. On the macro side, in Spain and Germany, April’s final inflation remained unchanged at the preliminary 2.2% and 2.1% YoY. From the ECB, F. ...

INFORME DIARIO 15 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, ENAGÁS. EUROPA: ALLIANZ, DEUTSCHE TELEKOM, SIEMENS. El Ibex sigue imparable Pese a ser una jornada de caídas en la mayoría de las bolsas europeas Italia y España sumaron otra sesión más al alza con el Ibex superando la barrera de los 13.800 puntos. En el STOXX 600 la mayoría de sectores (15/20) cerraron con pérdidas, lideradas por B. de Consumo y Farma frente a Construcción y Bancos que fueron los que más subieron. Por el ...

Credit Morning 05/14/2025

URW (Investor Day): Focus on growth and shareholder value|Atos unveils ambitious 2028 targets that will be presented during an Investor Day|

Morning Crédit 14/05/2025

URW (journée investisseurs) : place à la croissance et à la rémunération des actionnaires|Atos dévoile des objectifs 2028 ambitieux dans le cadre de son Investor Day|

BAYER: MENSAJES DE LA CONFERENCE CALL RDOS. 1T’25 (ANÁLISIS BANCO SABA...

De la conference call de Rdos. 1T’25 destacamos:

Credit Morning 05/13/2025

Cellnex issues € 750m of new 2032 notes|Grifols : Q1 2025 earnings above expectations, FY guidance maintained despite weaker US dollar|90-day truce in the trade war between the United States and China|