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Carole Braudeau
  • Carole Braudeau
LHN HOLCIM AG
AC ACCOR SA ... (+12)

Credit Morning 10/24/2025

IGH: strong EBITDA decrease amid continued challenging market conditions|Nexity: a Q3 without surprises and without progress|URW: a solid Q3, accompanied by a new CEO, an acquisition and higher targets|

Carole Braudeau
  • Carole Braudeau
LHN HOLCIM AG
AC ACCOR SA ... (+12)

Morning Crédit 24/10/2025

IGH: strong EBITDA decrease amid continued challenging market conditions|Nexity : un T3 sans surprise et sans progrès|URW : un T3 solide, accompagné d’un nouveau CEO, d’une acquisition et d’une hausse des objectifs|

 PRESS RELEASE

Unibail-Rodamco-Westfield sets CEO succession in 2026

Unibail-Rodamco-Westfield sets CEO succession in 2026 Paris, October 23, 2025 Press release Unibail-Rodamco-Westfield sets CEO succession in 2026 Vincent Rouget, currently Chief Strategy & Investment Officer and acting as COO Europe, appointed CEO and Chairman of the Management Board as from January 1, 2026 Decision reflects the strong position of the business and positive trajectory under ‘A Platform for Growth’ 2025-28 business plan, established by Jean-Marie Tritant, CEO and Chairman of the Management Board since 2021, who will lead the transition through the end of the year ...

 PRESS RELEASE

UNIBAIL-RODAMCO-WESTFIELD Q3-2025 TRADING UPDATE

UNIBAIL-RODAMCO-WESTFIELD Q3-2025 TRADING UPDATE Paris, October 23, 2025 Press release UNIBAIL-RODAMCO-WESTFIELD Q3-2025 TRADING UPDATE UPGRADED GUIDANCE AND FLAGSHIP ASSET ACQUISITION ADVANCING ‘A PLATFORM FOR GROWTH’ 2025–28 PLAN Solid operating performance in 9M-2025 Tenant sales up +3.4%1 and footfall up +1.8% MGR uplift of +6.7% on top of indexed passing rents+11.0% increase in signed rent per sqm, showing focus on high value leasesLike-for-like Shopping Centres GRI up +2.4%, consistent with H1-2025 Complete delivery in September of Coppermaker Square residential scheme in ...

Martial Descoutures ... (+2)
  • Martial Descoutures
  • Oussema Denguir
Martial Descoutures ... (+2)
  • Martial Descoutures
  • Oussema Denguir
Pierre FerraguÊ
  • Pierre FerraguÊ

AI spending, Auto Cycle, Semicap in 2026, and more, our Weekly wrap-up...

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 4 names we followed last week, follow the link below.

 PRESS RELEASE

ALSTOM S.A: Eurostar chooses Alstom for 30 Avelia Horizon very high-sp...

ALSTOM S.A: Eurostar chooses Alstom for 30 Avelia Horizon very high-speed trains This optional tranche of the framework contract between SNCF Voyageurs and Alstom represents an amount of close to 1.4 billion euros.The new Avelia Horizon trains will be operated by Eurostar and will travel through the Channel Tunnel, a first for a double-deck high-speed train. 22 October 2025 - The SNCF Voyageurs Board of Directors has approved an additional order for 30 new-generation Avelia Horizon very high-speed trains for close to 1.4 billion euros1, as well as options for up to 20 additional trains. Fi...

 PRESS RELEASE

ALSTOM S.A : Eurostar choisit Alstom pour 30 trains à très grande vite...

ALSTOM S.A : Eurostar choisit Alstom pour 30 trains à très grande vitesse Avelia Horizon Cette levée de tranche optionnelle du contrat cadre entre SNCF Voyageurs et Alstom représente un montant de près de 1,4 milliard d’eurosLes nouvelles rames Avelia Horizon seront exploitées par Eurostar et emprunteront le tunnel sous la Manche, une première pour un train à grande vitesse à deux niveaux. 22 octobre 2025 – Le Conseil d’administration de SNCF Voyageurs a approuvé une commande supplémentaire de 30 trains à très grande vitesse Avelia Horizon de nouvelle génération pour un montant de près de ...

 PRESS RELEASE

ASML reports transactions under its current share buyback program

ASML reports transactions under its current share buyback program ASML reports transactions under its current share buyback program VELDHOVEN, the Netherlands – ASML Holding N.V. (ASML) reports the following transactions, conducted under ASML's current share buyback program. DateTotal repurchased sharesWeighted average priceTotal repurchased value13-Oct-25---14-Oct-25---15-Oct-25---16-Oct-2540,956€883.13€36,169,50517-Oct-2541,514€871.27€36,170,106 ASML’s current share buyback program was announced on 10 November 2022, and details are available on our website at This regular update of the...

Martial Descoutures ... (+2)
  • Martial Descoutures
  • Oussema Denguir
Martial Descoutures ... (+2)
  • Martial Descoutures
  • Oussema Denguir
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