Casino Group: Real estate asset sales Casino Group sells over €200m of commercial real estate assets to Tikehau Capital Paris, 27 September 2024 Following the signature in June 2024 of an agreement with Tikehau Capital covering a portfolio of 30 real estate assets, Casino Group announced that on Thursday, 26 September 2024 it had finalized the sale of 26 of these, for a net selling price of over 200 million euros, excluding subsequent earn-outs. The sale of the remaining assets, provided for in the agreements, will be finalized in the coming weeks, once the usual conditions precedent ha...
‘Soft landing’... the term is in vogue and we think it aptly describes the current situation in the energy market. After a period of “excess profits”, the fundamentals are back in favour and prompt us to revise down our estimates for energy prices. - Alongside renewable energies, pockets of sustainable value creation are emerging for players capable of capitalising on the structural growth in volatility on the electricity markets but which are nonetheless trading at a discount In the U...
“Soft landing”… le terme est à la mode et nous pensons qu’il caractérise bien la situation du marché de l’énergie aujourd’hui. Après une parenthèse de « surprofits », les fondamentaux reprennent leur droit et nous conduisent à réviser en baisse nos hypothèses de prix de l’énergie. A côté du renouvelable, des poches pérennes de création de valeur apparaissent pour les acteurs capables de profiter de la croissance structurelle de la volatilité des marchés électriques et qui souffrent ma...
>FY 2024/25 guidance reiterated at yesterday’s AGM - Colruyt hosted its AGM yesterday afternoon. As usual, the food retailer provided comments on its outlook for the current fiscal year 2024/25.Some negative nuances provided concerning market share and margin - On a positive note, Colruyt reiterated its expectation to match last year’s result (operating profit of € 470m and net profit of € 368m) in 2024/25. Furthermore, Colruyt expects operating profi...
As usual, Colruyt's AGM included an update on the outlook. However, contrary to previous years, the outlook did not contain any major surprises, with the group reiterating its June 24 ambitions. This implies a stable operating and net profit compared to FY23/24 (excluding one-offs). However, Colruyt does expect the result to be slightly lower in 1H24/25. This was not communicated previously. We reiterate our Hold and € 40.0 TP.
‘Soft landing’... the term is in vogue and we think it aptly describes the current situation in the energy market. After a period of “excess profits”, the fundamentals are back in favour and prompt us to revise down our estimates for energy prices. - Alongside renewable energies, pockets of sustainable value creation are emerging for players capable of capitalising on the structural growth in volatility on the electricity markets but which are nonetheless trading at a discount In ...
“Soft landing”… le terme est à la mode et nous pensons qu’il caractérise bien la situation du marché de l’énergie aujourd’hui. Après une parenthèse de « surprofits », les fondamentaux reprennent leur droit et nous conduisent à réviser en baisse nos hypothèses de prix de l’énergie. A côté du renouvelable, des poches pérennes de création de valeur apparaissent pour les acteurs capables de profiter de la croissance structurelle de la volatilité des marchés électriques et qui souffre...
Groupe Casino: Changes in governance at Monoprix and Naturalia Paris, 24 September 2024 Changes in governance at Monoprix and Naturalia Philippe PALAZZI, Chief Executive Officer of Casino Group, appointed Chairman of Monoprix and Chairman of Naturalia on top of his current role Alfred HAWAWINI, Group Transformation and Strategy Director, named Chief Executive Officer at Monoprix Changes have been made to the Group’s governance with a view to furthering the implementation of its transformation plan. Accordingly, Philippe PALAZZI will now chair Monoprix and Naturalia, to...
Groupe Casino : Evolution de la gouvernance de Monoprix et de Naturalia Paris, le 24 septembre 2024 Evolution de la gouvernance de Monoprix et de Naturalia Philippe PALAZZI, Directeur Général du Groupe Casino est également nommé Président de Monoprix et Président de Naturalia Alfred HAWAWINI, Directeur de la stratégie du groupe devient Directeur Général de Monoprix Afin d’accompagner la mise en œuvre du plan de transformation du groupe, il a été décidé d’en modifier la gouvernance. A ce titre, Philippe PALAZZI présidera désormais Monoprix et Naturalia, afin de garantir la cohérenc...
ENGIE reaches more than 1.8 GW of Battery Energy Storage Systems installed capacity in the U.S., of which 1 GW added since January 2024 HOUSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) -- ENGIE announces it has reached more than 1.8 GW of Battery Energy Storage System (BESS) capacity in operation across the United States, confirming its rapid growth in Battery Energy Storage Systems (BESS) to meet the needs of the grid. Since the beginning of 2024, the Group added around 1 GW of new BESS capacity to its operating portfolio in North America. This new milestone strengthens ENGIE's position as a lea...
Casino Group: Creation of the Aura Retail alliance PRESS RELEASE 23 September 2024 Creation of the Aura Retail alliance: Intermarché, Auchan and Casino set up long-term purchasing partnership Intermarché, Auchan and Casino1 have cemented their long-term purchasing partnership with the creation of the Aura Retail alliance. This alliance comprises five operational structures offering purchasing ...
Groupe Casino : Création de l'alliance Aura Retail COMMUNIQUÉ DE PRESSE Le 23 septembre 2024 Création de l'alliance Aura Retail : Intermarché, Auchan, et Casino organisent leur partenariat de long terme aux achats Intermarché, Auchan, et Casino1 concrétisent leur partenariat de long terme aux achats avec la création de l’alliance Aura Retail. Cette alliance se compose de cinq structures opération...
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