Belgian Post swung to a loss in the first quarter. ICA Group, the parent company of Iberia Air and British Airways, said it is 80% booked for the second quarter. Evonik Industries’ net income climbed, supported by growth in the animal nutrition business. UniCredit posted strong results but issued a cautious outlook.
European markets advanced after Germany, France, and the eurozone reported GDP growth data. Better-than-expected quarterly results from UBS, Barclays, and Societe Generale supported market enthusiasm.
UBS
UBS