Thomas Barnet

Atos posts a margin slightly above 4% in 2025

The group, which is trying to turn its business around, recorded a sequential improvement in its performance in the fourth quarter. The margin and cash burn are a bit higher than expected.

January 21, 2026 at 10:44 am

Zonebourse Company Calendar: January 21, 2026

January 20, 2026 at 07:52 pm

Education: Market Capitalization vs. Enterprise Value

On the stock market, as with any marketplace, every asset has a price. But what is the real price to pay to take control of a publicly traded company? To see things clearly, it is essential to distinguish between two key concepts: market capitalization and enterprise value, which are still often confused.

January 20, 2026 at 03:57 pm

Wise and Virbac Benefit from Quarterly Results, Valneva and Logitech Slide

Quarterly earnings reports are beginning to shape the leaderboards across Europe. Wise and Virbac are among the winners, while Hypoport fares less well. Among other notable movers, Valneva tumbles after a consequential decision in the United States, and Jacquet gains from an upgraded recommendation.

January 20, 2026 at 11:56 am

Henkel in Talks to Acquire Stahl from Wendel

Henkel has announced that it is in discussions to acquire the Dutch company Stahl, which is part of Wendel's portfolio. The French group has also confirmed the existence of non-exclusive negotiations. Stahl specializes in chemical products for surface treatment and coatings.

January 20, 2026 at 10:45 am

France analyst calls: BNP and Amundi still in favor, Mediobanca downgrades LVMH and Interparfums.

French financial names (BNP Paribas, Amundi) remain in demand, while chemicals group Arkema sees its valuation trimmed at Bernstein and Rothschild. Targets are also cut at Eutelsat and Nacon.

January 20, 2026 at 10:36 am

LVMH: Trump brandishes threat of a 200% tariff on French wines and champagnes

Luxury and spirits companies are not done with a difficult start to the year. Donald Trump, angered by European resistance to his ambitions to take control of Greenland, has threatened to impose "a 200% tariff on French wines and champagnes".

January 20, 2026 at 10:35 am

Trump brandishes the threat of a '200% tax on French wines and Champagne'

Luxury and spirits companies are not done with a rough start to the year. Donald Trump, enraged by Europe's resistance to his bid to take control of Greenland, threatened to impose 'a 200% tax on French wines and Champagne'.

January 20, 2026 at 08:55 am

Henkel in Talks to Acquire Stahl from Wendel

Henkel has announced it is in discussions to acquire the Dutch company Stahl, which is part of Wendel's portfolio. The French group has also confirmed the existence of non-exclusive negotiations. Stahl specializes in chemical products for surface treatment and coatings.

January 20, 2026 at 08:37 am

In stocks, luxury, autos, and spirits get hit hard by the EU/US war of words

Duelling threats of new tariff surcharges between the United States and Europe, and their consequences, are driving today's stock market leaderboard. European defense names are rising, while luxury, spirits, and automakers, front and center if trade barriers tighten, are getting taken to the mat.

January 19, 2026 at 12:49 pm

France analyst views: LVMH, Sanofi and Renault hit by downgrades

Three major recommendation cuts were flagged early in the week. UBS, Morgan Stanley and Berenberg are dropping their respective buy calls on Sanofi, LVMH and Renault. Thales, by contrast, is benefiting from upgrades, as are Viridien and Veolia.

January 19, 2026 at 10:40 am

China Meets Its 5% Growth Target in 2025

China met its growth target in 2025, but the momentum remains fragile. The country heads into 2026 weakened by a cooling of domestic demand and a demographic decline that is weighing on the economic outlook.

January 19, 2026 at 08:58 am

Explainer: Why do Brent and WTI have different prices?

When people talk about the "price of oil", they often forget one essential point: there is no single oil, but many crudes with different qualities and uses. Brent and WTI are the two best-known benchmarks, and the gap between their prices often puzzles investors.

January 16, 2026 at 02:19 pm

Explainer: why do Brent and WTI trade at different prices?

When people talk about the 'price of oil', they often overlook one essential point: there is no single oil, but many grades with different qualities and end uses. Brent and WTI are the two best-known benchmarks, and the gap between them often puzzles investors.

January 16, 2026 at 12:17 pm

Klöckner soars on takeover bid, defense midcaps remain in high demand

The final session of the week is being driven by a friendly takeover bid in Germany's steel sector and the fallout from Richemont's quarterly release. Analysts are regaining their appetite for Novo Nordisk and remain keen on defense-exposed stocks, from Indra Sistemas to Kongsberg, via Exosens.

January 16, 2026 at 12:07 pm

France analyst views: Bernstein raises Exosens target, Citi cuts Renault target

The pace of recommendation updates eases somewhat heading into the end of the week. Oddo BHF takes a fresh look at real estate companies, while Bernstein trains its sights on Exosens. TD Cowen keeps its neutral stance on ST unchanged, but raises its target.

January 16, 2026 at 10:33 am

Semiconductors in the spotlight, investors snub Richemont

TSMC's record results are lifting European chip-equipment makers, while Richemont's solid update is doing little for the stock.

January 15, 2026 at 12:46 pm

France analyst notes: higher price targets for Société Générale, Euronext and Rexel, Ekinops downgraded

On a day marked by Compagnie Financière Richemont's results, Kering and Hermès are seeing price targets raised. Analysts continue to like Société Générale. Sodexo and Ekinops are drawing more caution.

January 15, 2026 at 10:34 am

Ipsen and EMS-Chemie Shine on the Stock Market, Vistry and Pearson Struggle

Several companies are experiencing positive or negative consequences following their presentations at the JP Morgan Healthcare Conference held in California. Other significant movements are generally driven by analysts' recommendations.

January 14, 2026 at 02:21 pm

French analyst calls: Stifel raises Abivax target, HSBC turns positive on EssilorLuxottica

Among the day's highlights, William O'Neil initiates coverage of Airbus and Bernstein starts on X-Fab. Equita raises its targets across luxury and Jefferies aims much higher on Société Générale. The standout Abivax gets a target hike at Stifel and HSBC turns positive on EssilorLuxottica.

January 14, 2026 at 10:29 am

Zalando, Orsted and SES surge, a tough day for Vusion and Exail

The first major European quarterly release, Sika gets a frosty reception on the market this morning. Disappointments as well for Raspberry and Games Workshop. By contrast, Zalando shines after an upgrade, and SES benefits from a major contract with the Australian military.

January 13, 2026 at 12:33 pm