Soceiete Generale Boosted, TotalEnergies Up, WPP Rises
On this episode of Stock Movers:
- Societe Generale unveiled a €1 billion ($1.2 billion) share buyback, a boost for investors who have been holding out for more payouts. SocGen’s share price rose as much as 1.5% in Paris on Monday and was trading 0.5% higher at 10:07 a.m., giving the firm a market value of €44.7 billion.
- TotalEnergies SE agreed to buy a 50% stake in a portfolio of western European power-generation assets from Daniel Kretinsky's energy holding company for about €5.1 billion.
- WPP shares gain as much as 6.7% as advertising agency Havas has expressed interest in the London-listed company, the Times reported over the weekend.
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