Aviva PLC has about a month to make a final binding bid to acquire Direct Line Insurance or walk away from its hostile offer. Delivery Hero set the initial public offering price for its Middle Eastern unit at the top end of its filing range.
Heidelberg Materials agreed to acquire the U.S.-based Giant Cement and its subsidiaries. Volkswagen said it plans to close its factory and other facilities in Xinjiang, China. Air France KLM is exploring acquiring a minority stake in Air Europa.
French banks plunged between 2% and 4% amid rising political turmoil and budget disputes. easyJet reported higher annual operating profit following a record summer travel season. Johnson Matthey PLC reported a decline in sales and earnings in the six-month period.
Automakers in Europe dropped and traded near a two-year low amid the growing prospects of additional tariffs imposed by the Trump administration. Halfords reported higher first-half profit and signaled retail store network expansion.
Peabody Energy won the auction to acquire an Australian coal mine owned by Anglo American plc. The French government proposed to acquire the advanced computing activities division of the struggling Atos SE. Airbus launched its second tranche of a stock repurchase plan.
ThyssenKrupp reported a wider loss in its latest fiscal year but held out for a profit in the current fiscal year. Caixabank and Nestle announced their strategic plans for the next three years.
Vivendi is set to separate its television and publishing businesses next month following a shareholder vote, and the company reiterated its annual outlook. Melrose Industries reported a rise in sales in its latest four-month period.
Generali, the Italian insurance company, reported better-than-expected financial results in the nine-month period. Aegon launched a stock repurchase plan. Evotec received a non-binding acquisition offer.
Aviva, Alstom, and Siemens reported better-than-expected financial results. The Italian government sold its minority stake in Banca Monte dei Paschi di Siena. ASML estimated higher sales over the next five years despite weakness in the current fiscal year.
BMW AG said quarterly profit plunged 61%. TeamViewer trimmed its annual revenue outlook. Credit Agricole and Puma SE reported weaker-than-expected results, but Marks & Spencer's first-half profit surpassed expectations.
Adecco dropped to a three-decade low after reporting lower-than-expected revenue in the third quarter. Hugo Boss reported net profit declined in the third quarter. ASOS said pre-tax annual profit widened.
Energy stocks advanced after OPEC+ delayed by a month its plans to increase output. Luxury stocks advanced as Chinese lawmakers gathered for the approval of a debt limit increase. Eni sold its two upstream offshore assets.
Shell PLC launched a new stock repurchase plan. Societe Generale reported strong quarterly results and a broad management shakeup. BNP Paribas's results fell short of market expectations. Airbus reiterated its annual aircraft delivery target.
Standard Chartered upgraded its 2024 outlook. UBS Group earnings in the third quarter soared after profit increased in global banking, derivatives trading, and wealth management units. Volkswagen operating profit plunged. Capgemini lowered its annual outlook for the second time in 2024.
Banco Santander reported weaker-than-expected quarterly results. HSBC announced a stock repurchase plan. BP said quarterly profits were weighed down by weak refining margins and weaker trading income.
