Michelin (ML FP) plans a EUR 2bln share buyback over 2026-28
Michelin's announcement of a EUR 2 billion share buyback program from 2026 to 2028 signals a commitment to return capital to shareholders, which is typically seen as a bullish move.
Michelin (ML FP) FY25 (EUR): EPS 2.36 (exp. 2.28), revenue 26bln (exp. 25.8bln). Adj. EBIT 2.72bln (exp. 2.61bln), adj. EBITDA 4.66bln (exp. 4.64bln)
Greenlight Capital's David Einhorn says they are long SOFR futures
Michelin (ML FP) plans a EUR 2bln share buyback over 2026-28
CME (CME) reportedly exploring the launch of a first-ever rare earth futures contract, according to source reports
US sells USD 17-week bills at a high rate of 3.595%, B/C 3.38x
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
It reflects a strong financial position and confidence in future cash flows, potentially boosting share prices and signaling to the market a positive outlook despite broader economic uncertainties. This could set a precedent for other companies in the sector, influencing sentiment in the automobile components space as well.
Related headlines
- Airbus (AIR FP) reports August deliveries of 57 (prev. 67 M/M); Co. says it found quality issues on A330-NEO horizontal tail plane, and delivered one in the last three months. Notes that it was an isolated issue, with deliveries of A330 to pick up1 hour ago
- European Equity pre-Market Summary - 3rd September 2026: Choppy Asia-Pac trade as South Korean chip names fall in late trade4 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed14 hours ago
- Newsquawk Daily European Equity Opening News - 3rd September 20265 hours ago
- France reportedly begins tests on Tesla's (TSLA) self-driving technology, sources suggest; results are expected for FSD advanced driver-assistance systems are expected in mid-to-late September38 min ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates2 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln2 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed2 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources2 hours ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks3 hours ago
- European Movers: Soitec (SOI FP) +11%, Deutsche Telekom (DTE GY) +1.6%, Equinor (EQNR NO) -0.9%, M&G (MNG LN) -2%, Crest Nicholson (CRST LN) -9%3 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 3 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports4 hours ago
- Vodafone's (VOD LN) VodafoneThree is to launch debut TV service in challenge to UK rivals, according to FT6 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US7 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased7 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin with mild gains after the positive lead from Wall St, where the major indices recouped some of the recent losses as yields edge lower, while Trump said the renewed campaign against Iran would not continue for too long10 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships10 hours ago
- White House confirms that US President Trump signed a stopgap funding bill into law today11 hours ago
- Newsquawk Daily Asia-Pac Opening News - 3rd September 202612 hours ago
The whole workspace, free to try.
Try it free