Woodside Energy agreed to acquire Holland-based OCI's chemical plant in Texas for $2.5 billion. The UK-based shipping broker Clarkson reported a decline in earnings and sales in the first half. L'Oreal acquired a 10% stake in the Swiss dermatology company Galderma. 

Chip equipment makers were under pressure after Intel announced a layoff in a drastic bid to cut its operating costs. IAG Group, the parent of British Airways, said it plans to reinstate its dividend. BNP Paribas may acquire the investment arm of AXA.

Airbus, Danone, and Schneider Electric reported better-than-expected financial results. while Safran's results fell short of expectations. HSBC reported steady results and announced a stock buyback program.

BP plc retained its stock repurchase program and increased its dividend by 10% after reporting better-than-expected quarterly results. Standard Chartered Bank announced a new stock repurchase plan.

Luxury stocks were under pressure ahead of key economic data from China this week. Energy stocks advanced amid rising tensions in the Middle East. Heineken plunged after first-half results fell short of market expectations.

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. 

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.



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.

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.

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. 

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.

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. 

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. 

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.



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.