PARIS (Reuters) – Stocks to watch Tuesday on the Paris Stock Exchange and in Europe, where index futures suggest a higher opening:
* VOLKSWAGEN said on Tuesday it expects its margins to improve in the coming years thanks to the reduction in costs. The group presented Monday a program to accelerate its transformation to electric vehicles.
* ILIAD reported on Tuesday a growth in its results in 2020, despite the health crisis, thanks to the dynamism of its fiber activity in France and the commercial success of its mobile offer in Italy.
* ACCOR – The hospitality sector will rebound at the end of 2022, at least as far as France is concerned, Accor CEO Sébastien Bazin said on Tuesday, while calling on the French government to extend existing aid and to fix a horizon of exit from the crisis in the face of the epidemic due to the coronavirus.
* CREDIT SUISSE warned on Tuesday that it could record a charge to cover losses generated by the liquidation of its funds linked to the bankrupt British finance company Greensill.
* RWE announced Tuesday forecast a decline in its profit in 2021 due in particular to the cold snap in Texas which forced it to close part of its wind farm.
* ASTRAZENECA – France, Germany, Italy and Spain on Monday suspended the administration of the COVID-19 vaccine developed by AstraZeneca, suspected of causing serious side effects, even death, despite the call launched by the World Health Organization (WHO) not to interrupt vaccination campaigns.
* NOKIA announced a savings plan on Tuesday providing for 5,000 to 10,000 job cuts over 18 to 24 months.
* ROCHE announced on Tuesday the launch of a screening test for COVID-19 variants intended to check for mutations in the virus. This test is intended only for research and does not call into question the effectiveness of existing tests, specifies the Swiss laboratory.
* NATIXIS – The Board of Directors has issued a favorable opinion on the takeover bid launched by BPCE for the 29.4% of the capital it does not hold, at a price of 4 euros per share.
* ZALANDO, a German online ready-to-wear group, said on Monday that its annual revenue target was well above market expectations, supported by a strong start to the year.
* BBVA – The Spanish bank announced on Monday that it would submit to its shareholders a capital reduction of up to 10% before proceeding with a previously announced share buyback program.
