Global markets live: Target, Lyft, Pfizer, PayPal, Walt Disney...
Every morning, the MarketScreener team selects the most important information on listed companies around the world. Here's a short recap for your convenience:
Corporate results:
- Commerzbank: Q1 net profit rises to €580m.
- Siemens AG: The group slightly raises its annual organic growth forecast.
- Zurich Insurance: Gross premiums rose in Q1, thanks to price increases and rising interest rates.
- Retail group Target was down 3% in pre-market trading after it said it expected lower-than-expected profit and lower sales in the second quarter, due to the impact of inflation on customers.
In other news:
- April car registrations were up 16% in Europe, according to ACEA.
- UBS estimates the impact of the Credit Suisse takeover at $17bn, including $13bn of negative valuation adjustments and $4bn of regulatory and legal risk. The bank has provided an update on the impact of the merger.
- SAP launches a €5bn share buyback programme starting in the second half of 2023, using proceeds from the Qualtrix offering.
- Lyft announced Tuesday that it has appointed Erin Brewer as CFO, succeeding Elaine Paul, who has resigned.
- Mercedes Vans unveils new strategy focusing on EVs and the premium segment.
- Pfizer launches a $31 billion bond offering, the fourth largest of its kind in history, to help finance the buyout of Seagen.
- Partners Group revives its plan to sell UK software company Civica.
- PayPal may sell Xoom under pressure from its shareholders, according to The Information.
- Minority shareholders SdK and DSW denounce Software AG's planned delisting.
- Walt Disney asks court to dismiss Florida tourism board's lawsuit.
- Tesla shareholders approve the appointment of Jeffrey Brian Straubel as a director and oppose the publication of a report outlining Elon Musk's plan to succeed him as CEO.
- Blackstone and Thomson Reuters will sell 28 million shares of the London Stock Exchange, representing 5.5% of the share capital.
- ThyssenKrupp's new chairman, Miguel Angel Lopez Borrego, is preparing to make "difficult and far-reaching" decisions.
- Swoctem holds 41.5% of Klöckner after its offer.