Societe Generale shares are thrown into profit beats, 2025 instructions
A logo outside a Societe Generale office building in central in Paris, France, Monday, February 5, 2024.
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Societe Generale The shares appeared in the early trade after the French lender posted sharp growth year by year in the fourth and full profit and announced an 872 million stock purchase scheme ($ 903 million).
Bank shares increased 8.71% at 8:42 am in London.
Societe Generale on Thursday reported that the group’s net income more than doubled to 1.04 billion euros in the fourth quarter. During 2024, net income increased 69% to 4.2 billion euros, with the bank, citing “materially” improved performance and expense discipline.
Socgen shares pricing.
“Strong capital construction, strong and sustainable business growth, strong cost control and risk administration, and a material progress in our integration projects led to a duplication of share profits,” said Slawomir Krupa Group CEO in a statement accompanying the results.
The bank also proposed a 1.09 euro cash dividend per share and increased its payment ratio to 50% of its net income.
This year, it aims to increase revenue from year to year by over 3% and an increase in its return to tangible capital-a measure of profitability-more than 8%.
– Ruxandra iordache
Europe’s shares increase; FTSE 100 leads to BOE decision
European stock markets were widely higher in early agreements on Thursday, with Stoxx 600 The 0.68% climbing index while the sentiment continues to be rebuilt after the sale of license plates on Monday.
Stoxx 600 index
Great Britain Ftse 100 increased 1% to 8:45 in the morning in London while British pound 0.45% of the US dollar fell, as traders deal with an interest rate notice and forecasts from the Bank of England.
The Central Bank is expected to lower the rates by a quarter point, so attention will be in policymakers’ communications on inflationary pressures and the prospect of UK growth.
The yields in the United Kingdom Government bonds, which were significantly cooled after a blow last month, were slightly higher. Gilding The yield increased two base points to 4.162%.
– Jenni Reid
Volvo Cars reports stronger 2024 profit but warns of challenges ahead
Sweden Volvo On Thursday, a 12% increase in full operating revenue and registration revenue reported, but warned of severe market challenges ahead of intensifying electrical vehicle competition and global tariffs.
Shares slide 6% in the European market open on Thursday.
Volvo cars.
Profit slipped 28% in the last three months of the year, which the company said was affected by an early 1.7 billion chronicle injury to its joint enterprise with the Swedish Northvolt battery developer Novo Energy. Sales from year to year for the fourth quarter noun 1% higher, but poured 6% in China and 2% in the JBA
The company reiterated the 2026 guidance to give a substantial profit before interest and taxes (EBIT) the difference of 7-8%, but said 2025 would be a “challenging year and transition” towards Volvo Cars long-term growth ambitions after Waiting for slow market growth and “increased descents” throughout the industry.
This will make it difficult to match the volumes and benefit of the company 2024, she added.
“Inside [20]25 I think we will see the turbulence grow. And the way I Corn it is, I think we will see the turbulence in terms of trade tariffs, perhaps some geopolitics, and we will see some policy changes. I also think we will see the transition to EV slows down a little, which is okay for Volvo cars, because we have soft hybrid technology as well as get into hybrid technology, “Ceo Rowan told CNBC.
– Jenni Reid
Brewer Danish Carlsberg Little is missing in fourth quarter sales, indicates the slower growth in 2025
Brewer Danish Carlsberg on Thursday reported a slight loss in fourth year sales and showed lower growth in 2025.
The company posted sale in the fourth quarter to 15.72 Danish ($ 2.18 billion), coming just below 15.79 billion Danish Analysts in a LSEG survey.
Full -year sales reached 75.01 billion Danish Danish, increasing 1.9% from year to year on a reported and virtually in accordance with 74.91 billion billion Danish chroner predicted.
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– Karen Gilchrist
China’s shares and currency face a harsh 2025 regardless of tariffs, says capital economy
Shares in China and Renminbi face “a difficult year regardless of how trade tensions play”, according to Thomas Mathews, head of Asia Pacific markets in the capital economy.
Higher tariffs, or raised tariffs that remain where they are, leave a lot of room for “China’s markets to deteriorate”, according to the firm, a London -based researcher. “But the tariffs are, in our opinion, just one reason to sit down,” Matthews wrote on Wednesday.
China’s weak economy must maintain bond yields, and the Central Bank is more likely “to allow the coin to weaken”.
Meanwhile, stock market investors can be very optimistic about the effect of government measures to boost the economy and very confident on the ability of companies in China to “generate sustainable increase in share revenue,” Matthews said. Argued that “despite a recent choice -for the EPs are still lower than they were ten years ago.
– Scott Schnipper
European Markets: Here are the opening calls
European markets are expected to open on Thursday.
Great Britain Ftse 100 The index is expected to open 53 points higher at 8,672, Germany Dax up to 92 points on 21,640, France’s Cac up to 26 points in 7,905 and Italy Ftse mib 70 points higher at 36.772, according to data from Ig.
Profits are decided to come from IngArcelormittal, Carlsberg, Astrazene, Ørsted, Crane, L’oreal, Siemens healthineersTelenor, Societe Generale and maersk.
The Bank of England is set to secure its latest monetary policy decision on Thursday, with the Central Bank expected to implement its first interest reduction of the year.
– Holly Ellyatt