European Stocks Hit New Record High on Flow of Solid Earnings [BNN Bloomberg (Canada)]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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Source: BNN Bloomberg
The Stoxx 600 Index was 0.3% higher by the close in London for its fourth straight day of gains. The food & beverages sector led the advance, with AB InBev rallying after reporting better-than-expected volumes and sales in North America. Alstom SA soared after the troubled train maker outlined a capital increase of about €1 billion ($1.1 billion) to shore up its balance sheet, while an outlook upgrade lifted Siemens Energy AG. Puma SE, JD Wetherspoon Plc and Ahold Delhaize NV were among others posting forecast-beating results. Auto stocks bucked the firmer trend, however, with luxury carmaker BMW AG sliding after it said higher costs had hit profits. “The blue chips on the European markets continue to set the direction,” said Guillermo Hernandez Sampere, head of trading at asset manager MPPM. European stocks have added 2.1% already this month, getting a boost from corporate earnings and expectations the European Central Bank will start cutting rates from June. The FTSE 100 also
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IP
Earnings
- 4/25/24 - Miss
IP
Sec Filings
- 5/16/24 - Form 8-K
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- IP's page on the SEC website