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Carole Braudeau
  • Carole Braudeau

Morning Crédit 23/05/2025

Carrefour et Ahold Delhaize aurait envisagé un rapprochement, sans succès|Grifols : Moody’s relève le rating corporate de B3/positive à B2/positive|

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/23/2025

Carrefour and Ahold Delhaize reportedly considered a merger, without success|Grifols: Moody’s raises the corporate rating from B3/positive to B2/positive|

Vodafone Group: 1 director

A director at Vodafone Group bought 356,000 shares at 72p and the significance rating of the trade was 55/100. 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...

Axa: 1 director

A director at Axa sold 10,000 shares at 41.370EUR and the significance rating of the trade was 55/100. 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 showing Clo...

 PRESS RELEASE

Fnac Darty: Information regarding the arrangements for taking part in ...

Fnac Darty: Information regarding the arrangements for taking part in the combined general meeting (ordinary and extraordinary) of May 28, 2024, Conditions for obtaining or consulting the documents prepared for the meeting Ivry-sur-Seine, France — May 7, 2025 REGULATED INFORMATION Information regarding the arrangements for taking part in the combined general meeting (ordinary and extraordinary) of May 28, 2024 Conditions for obtaining or consulting the documents prepared for the meeting The shareholders of the Company are invited to participate in the Combined Shareholders’ Meeting (or...

 PRESS RELEASE

Fnac Darty : Informations relatives aux modalités de tenue de l’assemb...

Fnac Darty : Informations relatives aux modalités de tenue de l’assemblée générale mixte (ordinaire et extraordinaire) du 28 mai 2025, Modalités de mise à disposition ou de consultation des documents préparatoires à l’assemblée Ivry-sur-Seine, France — 7 mai 2025 INFORMATION RÉGLEMENTÉE Informations relatives aux modalités de tenue de l’assemblée générale mixte (ordinaire et extraordinaire) du 28 mai 2025 Modalités de mise à disposition ou de consultation des documents préparatoires à l’assemblée Les actionnaires de la Société sont invités à participer à l’assemblée générale mixte (or...

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/07/2025

CVC Capital Partners is considering a bid for Avolta (Sky News)|Coty : new profit warning|Golden Goose is preparing a € 480m senior secured FRN issue|AccorInvest : Plan for a €1.25 bn bond issue and new syndicated loan|BPCE delivers strong Q1 2025 results|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 07/05/2025

CVC Capital Partners étudierait une offre d’achat sur Avolta (Sky News)|Coty : nouveau profit warning à l’issue du T3|Golden Goose prépare une émission obligataire FRN de 480 m EUR|AccorInvest : Projet d’un placement obligataire de 1.25 md EUR et mise en place d’un nouveau crédit syndiqué|BPCE délivre de solides résultats T1 2025|

Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Research Department
  • Research Department

INFORME DIARIO 07 MAYO + RDOS. ESPAÑA Y EUROPA 1T’25. IDEAS DESTACADAS...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENDESA, FLUIDRA, OHLA. EUROPA: AHOLD DELHAIZE, AXA, BMW, INTESA SAN PAOLO. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’25 que se publicarán en España y Europa en los próximos días. Nuevo canciller en Alemania Sesión a la baja en las bolsas de Europa con un mejor comportamiento de la periferia frente...

Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Chris Hoare
  • Chris Hoare

Global EM Telcos Capex in steep decline; underpins EFCF growth

We analyze the capex history & outlook for Global EM Telcos. For this group capex is falling rapidly (-12% in 2024 in US$) as competitive intensity improves and markets consolidate. Excluding China and India, EM Telco capex is already down 23% from peak.

 PRESS RELEASE

Information on the total number of shares and voting rights, 30 April ...

Information on the total number of shares and voting rights, 30 April 2025 Ivry-sur-Seine – France, May 5, 2025 Regulated information INFORMATION ON THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Statement in compliance with article L. 233-8 II of the French commercial code and article 223- 16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des marchés financiers) Stock MarketEuronext ParisISIN CodeFR0011476928DateTotal number of shares composing the share capital of the companyTotal number of gross voting rightsTotal number of net voting rights (*)Apri...

 PRESS RELEASE

Publication du nombre d’actions composant le capital et du nombre tota...

Publication du nombre d’actions composant le capital et du nombre total de droits de vote, 30 avril 2025 Ivry-sur-Seine, le 5 mai 2025 Information réglementée PUBLICATION DU NOMBRE TOTAL D’ACTIONSET DE DROITS DE VOTE COMPOSANT LE CAPITAL Publication prévue par l’article L. 233-8 II du code de commerce et l’article 223-16 du règlement général de l’Autorité des marchés financiers Place de cotationEuronext ParisCode ISINFR0011476928Date d’arrêt desInformationsNombre total d’actionsComposant le capitalNombre total de droits de vote brutNombre total de droits de vote net (*)30/04/202529 682 1...

Chris Hoare
  • Chris Hoare

Global EM Telcos & Towers Still rising – NSR GEM Top-10 May ‘25 Updat...

Despite global volatility our EM Top Picks posted positive returns again in April and now up 34% YTD on average. As we have been arguing for some time EM Telco is a much better space than it used to be and this is now being reflected by the market it seems.

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