Reuters
European shares end higher on tech support; banks slide
(Reuters) -European shares notched its biggest one-day gain since a week ago on Friday, driven by gains in the technology sector, while banks dropped to over a week's low, weighed down by Societe Generale following a dismal forecast. The pan-European STOXX 600 index rose 0.4%, boosted by a 1.6% gain in the technology sector following an upbeat quarterly sales forecast from U.S-based Apple. However, the top index was set for a weekly decline, as investors navigated the earnings season in full drive and the European Central Bank's policy outlook beyond June.
Reuters
SocGen's weak prospects in French retail hits shares
PARIS (Reuters) -Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be at the lower end of guidance. The French bank's shares had earlier gained more than 5%, hitting their highest since March 2023, after SocGen reported first-quarter results that beat analysts' forecasts. "We are today at the lower range of this guidance and of our projections," Chief Financial Officer Claire Dumas told analysts, referring to the retail business.
The Telegraph
I demand justice for all traders, says banker sacked by SocGen for risky bets
A banker fired for making a string of risky stock market bets has called for “trader justice” as he claimed that he and his colleagues were scapegoated.

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