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Europe Movers: Babcock International, Capgemini, EssilorLuxottica, Hermes, Mercedes Benz

Jul 26, 2024
Inga Muller
EssilorLuxottica reported better-than-expected first-half results. Hermes said second-quarter revenue rose 13%, defying current global market weakness in luxury retailing. Mercedes-Benz issued a cautious outlook for its core passenger car unit. 

Europe Movers: Air France-KLM, BAT, BT Group, Centamin, Kering, Nestle, STMicroelectronics, Unilever

Jul 25, 2024
Inga Muller
Gucci-parent Kering SA dropped to a seven-year low after the company issued a profit warning for the second half citing persistent sales weakness in China. STMicroelectronics lowered its second-half outlook. Nestle lowered its full-year outlook. Unilever's first-half sales were ahead of market expectations.

Europe Movers: BNP Paribas, Deutsche Bank, Informa, LVMH, Marston's, Remy Cointreau

Jul 24, 2024
Inga Muller
Informa agreed to acquire Ascential plc for £1.2 billion. Banco Santander and BNP Paribas reported an increase in quarterly earnings, but Deutsche Bank reported its first quarterly loss in four years.

Europe Movers: Alfa Laval, Compass Group, Logitech, Luxury Stocks, Porsche, Resource Stocks, SAP, Thales

Jul 23, 2024
Inga Muller
Thales reported a slight increase in operating earnings in the first half. Compass Group lifted its annual revenue and earnings outlook. Porsche lowered its annual sales outlook and warned of impairment charges due to supply chain disruptions.

Europe Movers: Airbus, Entain, Hammerson, Ocado, Rentokil, Ryanair

Jul 22, 2024
Inga Muller
Ryanair reported a sharp decline in its latest quarterly profit, and the discount carrier-issued air fares are softer than previously anticipated in the current quarter. Hammerson sold its entire stake in the Retail Value business. 

Europe Movers: Danske Bank, Electrolux, Mining Stocks, SEGRO

Jul 19, 2024
Inga Muller
The UK-based property investor agreed to sell a portfolio of four warehouses in Italy. Danske Bank reported better-than-expected quarterly results and announced its plans to return more capital to shareholders.

Europe Movers: ABB, Frasers Group, Nokia, Publicis Groupe

Jul 18, 2024
Inga Muller
European automakers advanced after vehicle sales in the region rebounded in June. ABB reported an increase in earnings and sales, but new orders eased in the latest quarter. Frasers Group's annual outlook surpassed market expectations. 

Europe Movers: Adidas, Allianz, Antofagasta, ASML, BE Semiconductor, Demant, Smiths Group

Jul 17, 2024
Inga Muller
Adidas raised its full-year outlook after second-quarter sales rose 11%. Allianz acquired a majority stake in a Singapore-based insurance company. Antofagasta said annual sales are likely to be near the bottom of the estimated range. 

Europe Movers: B&M Retail, Hugo Boss, Ocado, SCOR, Richemont, Rio Tinto

Jul 16, 2024
Inga Muller
B&M European Retail Value signaled a positive outlook for the current fiscal year. Hugo Boss lowered its full-year sales outlook, citing sales weakness in China. Richemont reported weak sales after sales declines in China were offset by strength in Japan.

Europe Movers: BayWa, Burberry Group, Brunner Trust, CompuGroup, Ericsson, Luxury Stocks, ME Group, Swatch Group

Jul 15, 2024
Inga Muller
BayWa AG said that the company is seeking financial restructuring advice. Burberry Group issued an earnings alert and announced the departure of the chief executive. The Swatch Group reported a sharp decline in revenue and earnings due to a slowdown in China. 

Europe Movers: Aker Solutions, Ashmore, Ericsson, Lifco

Jul 12, 2024
Inga Muller
Ericsson, the Swedish telecom equipment maker, reported better-than-expected operating earnings in the second quarter. Ashmore, the UK-based asset manager, said assets under management declined in the second quarter.

Europe Movers: Hugo Boss, Fielmann, John Wood, Severn Trent, Suedzucker

Jul 11, 2024
Inga Muller
Suedzucker reported a sharp fall in first-quarter profit. John Wood said revenue in the first half fell by 6%. Frasers Group increased its stake in the fashion company Hugo Boss. 

Europe Movers: BMW, Barratt Developments, Enagas, Evotec, Travis Perkins, VW

Jul 10, 2024
Inga Muller
BMW said second-quarter global vehicle sales edged lower, but electric vehicle sales advanced. Travis Perkins appointed a new chief executive officer. Spain's Enagas sold its stake in the U.S.-based Tallgrass Energy to finance its green hydrogen projects. 

Europe Movers: Dassult, Indivior, PageGroup, Saint Gobain

Jul 9, 2024
Inga Muller
Indivior, the UK-based drugmaker, lowered its annual adjusted earnings outlook and announced its plan to discontinue production of the schizophrenia drug. Saint Gobain completed the purchase of the Australia-based building products company CSR. 

Europe Movers: Britvic, Carlsberg, Delivery Hero, French Banks, HgCapital, Marston's

Jul 8, 2024
Inga Muller
French banks rallied after France's snap election resulted in an unprecedented hung parliament. Britvic agreed to be acquired by Carlsberg. Delivery Hero said it faces a significant fine from European Union regulators for antitrust violations.


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