Earnings season: PayPal, Qualcomm, AbbVie, Novo Nordisk, Siemens, Sony, GlaxoSmithKline, Orsted, AB Volvo, Banco Santander, Vodafone and Publicis are among companies reporting their results today.
- AB Volvo: Q4 results are better than expected in terms of operating income.
- Alibaba: results exceed expectations, but the stock suffers from tighter regulation.
- Alphabet: Results exceed expectations. The share price rises out of the trading session.
- Amazon.com: Jeff Bezos is going to pass the operational management on unprecedented 2020 results. The stock is almost stable outside the session.
- Amgen: Quarterly results exceed expectations.
- Banco Santander: The Spanish bank shows a heavy loss in 2020.
- Novo Nordisk: 2020 results are in line with analysts' expectations.
- Siemens: the German group has raised its earnings and revenue projections.
- Sony: results for the quarter ending March 31 will be higher than expected.
- The Kraft Heinz is in the process of selling Planters to Hormel for $3 billion.
- Kia Motors surges on the rumor of an investment of Apple in the capital.
- Daimler is very close to a decision on whether or not to float its truck subsidiary on the stock market, according to Bloomberg.
- AstraZeneca's Covid-19 vaccine is 76 percent effective for three months after a single injection.
- Shiseido sells its personal care division to CVC for $1.5 billion.
- FAW is reportedly interested in Brilliance, BMW's Chinese partner.
- GlaxoSmithKline and CureVac will develop an MRNA vaccine against Covid-19 variants.
- UBS Group has repurchased CHF 2 billion of shares under its 2018/2021 share buyback program.
- The Boeing Company launches a $10 billion issue to refinance its debt.
- Vodafone will float its antenna subsidiary Vantage Towers on the Frankfurt Stock Exchange next month, which could be valued at €3 billion.
- Nestlé is close to an agreement to sell Poland Spring to One Rock.
- Uber will buy the online alcohol sales site Drizly for $1.1 billion.