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Briefly: quarterly reports of the largest European companies


October, 26 2023
watermark Economic news

As a rule, European markets actively react to corporate news, which provides investors with an updated picture of the state of business of the largest companies in the region. 


Today, all the attention of market participants is focused on the quarterly reports of some companies:


TotalEnergies. Shares of the French oil and gas company fell 0.3%. Net profit increased slightly, but adjusted profit fell by 35% and revenue by 14.5%.


BP plc and Shell. The shares of these oil and gas giants also fell by 0.3%, which coincided with trends in the oil market.


Unilever. The shares of one of the world's leading suppliers of consumer goods fell by 2.9%. Unilever recorded a decrease in revenue by 3.8%, as well as a decline in sales for all categories of goods. The company also announced the sale of the Dollar Shave Club delivery service to the American Nexus Capital Management fund.


Volkswagen AG. Shares of the German automaker fell by 1%, despite a twofold increase in profit, which was higher than market expectations.


STMicroelectronics. The securities of Europe's largest developer and manufacturer of semiconductor components fell by 3.5% in London, but in Milan and Paris their value increased by 2.9% and 3.3%, respectively. At the same time, the company's profit decreased by only 1%, and revenue increased by 2.5%.


Carrefour SA. Shares of the French retailer rose by 3.9% after the company increased sales by 0.5% in July-September (to 23.62 billion euros). It also became known that the company received approval for the purchase of the Cora hypermarket chain in Romania.


Ocado and J Sainsbury. The market value of these British retailers increased by 2.7% and 1.3%, respectively, which allowed them to become one of the leaders of the rise in the FTSE 100.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.