Corporate results:

  • JCDecaux increases sales in Q3 despite weakness in China.
  • Allianz reports higher-than-expected profits.
  • Compagnie Financière Richemont disappoints on H1 fiscal results.
  • Diageo sees organic operating profit growth decline in H124 vs. H123.
  • Geox forecasts lower sales in 2023, but higher margins.
  • Leonardo reports higher net profit and orders, and confirms its forecasts.
  • Pirelli forecasts operating profit at the top end of its guidance range, despite the decline in the third quarter.
  • Capri was down 2.5% in after-hours trading as Jimmy Choo's parent company missed the consensus on sales and earnings for the past quarter, due to lower demand for luxury shoes and handbags.
  • News Corp exceeded Wall Street targets for quarterly sales and earnings and profit targets and announced that it was in advanced discussions to conclude agreements enabling for the use of its content in artificial intelligence (AI). 

In other news:

  • The FDA has approved Valneva's first-in-class single-dose chikungunya vaccine, Ixchiq.
  • Apple will pay $25 million to settle a dispute litigation with the U.S. Department of Justice, which accuses the American group of illegally recruiting employees to the detriment of American citizens for certain jobs. In addition, the European Court of
  • Justice confirmed that Apple must pay a tax bill of €14.3 billion in Ireland.
  • Meta Platforms has signed an agreement with Tencent Holdings to market a new low-cost virtual reality (VR) headset, the WSJ reported.
  • Walmart have ended their legal dispute, with the parent company of the Vans brand the retail giant of copying its own shoe designs.
  • Novo Nordisk invests over DKK 42 billion (€5.6 billion) in expanding its production facilities in Kalundborg, Denmark.
  • UniCredit and Raiffeisen among banks most exposed to Signa's €2.2bn debt.
  • Tesla expands into South America, starting with Chile.
  • Netflix and Warner Bros team up with Verizon to offer discounted streaming, again according to the WSJ.
  • Vetropack faces antitrust investigation in Italy.
  • General Motors - The joint venture between the American automaker and China's SAIC Motor, SAIC-GM, is planning to recall more than 1.13 million Buick, Chevrolet and Cadillac vehicles.       
  • Groupon plunged 27% in after-hours trading after the publication of quarterly sales down 12% year-on-year and the announcement of a capital increase.