Corporate results:
- Barratt Developments: The developer expects pre-tax profit for the year to be in line with estimates.
- Darktrace: The group is sticking to its forecast, but is wary of foreign exchange headwinds.
- EFG International: The Swiss group is raising its strategic targets despite eroding assets under management.
- PageGroup: The UK-based company posted a 14% increase in gross profit in the third quarter and confirmed its operating profit outlook for fiscal 2022.
- Philips: Quarterly earnings were down, weighed down by a €1.3 billion charge on the sleep apnea ventilator recall.
- QinetiQ: The company reiterates its estimates for the year.
In other news:
- Credit Suisse could be subject to a tax investigation in the US.
- Intel is reportedly planning a big redundancy plan to deal with the PC market slowdown.
- Cameco and Brookfield Renewable join forces to buy Westinghouse.
- Twitter is reviewing its terms for permanently banning a user from its platform and may also become more flexible in moderating content, a long-standing demand of Elon Musk, who has revived his plans to buy the social network, the Financial Times reported Wednesday.
- General Electric filed a registration statement with the SEC for the spin-off of its healthcare division.
- Meta Platforms is releasing a more powerful virtual reality headset that targets professionals in particular.
- Uber and Lyft fall after a proposed new regulation in the US.
- Seadrill gets approval to re-list on the New York Stock Exchange.
- Leonteq denies money laundering allegations and confirms targets.
- Roche launches new generation of Covid tests in Europe.
- Marvel Studios (Walt Disney) delays release of some films.
- Vifor Pharma shares to be delisted.
- The Boeing Company delivered 112 aircraft in Q3.
- Apple on Wednesday announced plans to upgrade its iPhones by December to be compatible with 5G networks in India, as authorities urged phone makers to upgrade to the new standard.
- Microsoft has partnered with Mercedes-Benz to use its MO360 cloud platform to improve production at more than 30 of the automaker's factories around the world.
- Diamondback Energy - The oil and gas producer announced Tuesday that it has bought FireBird Energy for $1.6 billion in cash and stock. General Motors announced Tuesday that it plans to invest up to $69 million in Australian mining group Queensland Pacific Metals to secure its supply of nickel and cobalt, components used in batteries for electric vehicles.
Major earnings reports today: PepsiCo, Galp Energia, Toho, Eutelsat, DFDS... All the agenda is here.