MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Vivendi Sees Org Revenue Growth In Q1; Gives Possible Date For Vote On Split

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  • Q1 revenue was +5.4% (organic constant FX) YoY while the reported figure was +87% on the consolidation of Lagardère. Lagardère, Canal+ and Havas saw constant FX/perimeter growth of +8.9%, 2.6% and 3.4% respectively.
  • On the study into the splitting of the group, should the supervisory board authorise the split, a possible vote at the date of the April 2025 AGM is proposed after any approvals are gained from employee representatives, regulatory authorities, bondholders/lenders.
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  • Q1 revenue was +5.4% (organic constant FX) YoY while the reported figure was +87% on the consolidation of Lagardère. Lagardère, Canal+ and Havas saw constant FX/perimeter growth of +8.9%, 2.6% and 3.4% respectively.
  • On the study into the splitting of the group, should the supervisory board authorise the split, a possible vote at the date of the April 2025 AGM is proposed after any approvals are gained from employee representatives, regulatory authorities, bondholders/lenders.