French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks.
FRANCE/POLITICS:
The French parliament voted on Wednesday to suspend the controversial pension reform, as budget bills for next year are pushed through under constant threats to the survival of the government.
SOLVAY:
Solvay announced on Wednesday that it has partnered with Noveon Forge to supply rare earth materials starting in 2026. It has also partnered up with Permag to supply rare earth materials.
CARREFOUR:
Carrefour, Europe's biggest food retailer, announced on Wednesday that the family of Rodolphe Saade (owner of French shipping company CMA CGM) has purchased a stake in Carrefour of approximately 4%, making it its second largest shareholder.
ENGIE:
Engie and AstraZeneca signed a renewable energy agreement that will run through 2034. The agreement is for the powering of AstraZeneca's Texas manufacturing facility.
KBC GROEP
The Belgian lender increased its guidance for 2025's net interest income to at least 5,95 billion euros, and reported a third-quarter net profit of 1 billion euro ($1.17 billion).
L'OREAL:
The group priced a triple-tranche bond worth 3 billion euros on Wednesday, in part to finance the purchase of Kering Beaute.
SBM OFFSHORE
After reporting a 26 percent increase in revenue for the third quarter, to $3.6 Billion, the floating production solutions provider increased its core earnings guidance on Thursday to $1.65 Billion. Exxon Mobil has indicated that it may exercise its option to purchase FPSO One Guyana as early as 2026.
TOTALENERGIES:
Bloomberg reported Thursday that the energy giant was considering selling some renewable assets located in Asia to reduce its debt. Bloomberg cited people familiar with this matter.
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(source: Reuters)