Unilever launched its second and final phase of its stock buyback plan. Worldline SA lowered its annual revenue and core earnings outlook and announced the departure of its chief executive.

Trainline lifted its annual profit outlook after posting strong interim results. IG Group reported an increase in revenue in its latest quarter. Nordex won an order for a renewable energy project in Ireland operated by Orsted.

The German government sold part of its stake in Commerzbank to UniCredit. Inditex reported strong first-half results. Santander Bank sold a stake in its Polish unit. 

AngloAshanti offered $2.5 billion to acquire the gold miner Centamin. Gamma Communications reported higher revenue and earnings in its first-half results.

Banks advanced as investors looked forward to a possible interest rate cut this week. Luxury goods stocks edged lower after China reported weak inflation updates. Barratt Developments and Lloyds Banking partnered with Homes England to ramp up affordable housing construction.

Airbus and Rolls Royce were in focus after the European aviation safety regulator ordered a one-time check on all long-haul A-350 planes following a fire on a Cathay Pacific flight earlier in the week. Berkeley Group reiterated its annual outlook. 

Volvo AB lowered its annual sales and profitability estimates amid falling industry sales in Europe and the complex global market environment. Ashmore Group, the U.K.-based emerging market-focused fund manager, reported slightly better-than-expected annual results. Churchill China reported a sharp decline in first-half sales. 



Semiconductor stocks extended two-day losses to more than 7% after the U.S. Justice Department deepened its antitrust investigation of AI-chipmaker Nvidia. Oil stocks dropped after the crude oil price declined to a nine-month low amid demand growth worries and a rising supply outlook. 

Swiss Life reported better-than-expected results in the first half. Watches of Switzerland reiterated its full-year outlook. The Swiss private equity reported weaker-than-estimated results. Ashtead Group reiterated its full-year estimates.

The Australia-based REA Group confirmed that it may make an offer to acquire the UK-based online real estate portal Rightmove. Luxury goods and automobile makers traded down in Paris and Frankfurt after China's manufacturing activities declined for the fourth month in a row. 

Europe Movers: Ambu, Banks, ThyssenKrupp

Aug 30, 2024
Inga Muller
ThyseenKrupp Steel's chairman, chief executive, and five board members resigned over disagreements with the parent company. Ambu AS, the Danish medical device company, reported weaker-than-expected revenue in its latest quarter. 

Automakers edged slightly higher after passenger car registration in the European Union edged slightly higher in July. Delivery Hero reported better-than-expected second quarter results.

LEG Immobilien launched a senior convertible unsecured bond offering to repay existing debt. Elekta AB reported better-than-expected fiscal first-quarter results. Mining companies traded down after copper prices eased on China demand growth worries.

Mining companies advanced after copper prices soared to six-week highs. Bunzl plc jumped to a record high after the company increased its interim dividend and launched a stock repurchase plan. Flughafen Zuerich reported weaker-than-expected first-half results.



Oil exploration companies traded higher amid a rise in crude oil prices after Israel and Hezbollah exchanged heavy fire on Sunday. Multiple airlines suspended flights to several cities in Israel.