ABB offered a positive outlook for fiscal 2024. Danone reiterated its fiscal year outlook after reporting a strong sales increase in the latest quarter. Nokia reported a weaker-than-expected profit in the first quarter.
LVMH said quarterly revenue declined following the weakness in its wine and spirits, watches, and jewelry segments. ASML reiterated its annual sales outlook despite weaker-than-expected new orders in the first quarter.
Beiersdorf lifted its 2024 sales outlook. Dr. Martens offered a cautious outlook for the current fiscal year and said its chief executive has resigned. Superdry said it plans to delist from the London Stock Exchange.
Ashmore, the emerging markets fund manager, reported a decline in assets under management. The Swiss software firm Temenos' board-appointed committee refuted allegations levied by the U.S.-based short seller.
Mining companies traded higher after copper futures jumped to a two-year high in the hopes of rising global demand. ThyssenKrupp announced a restructuring plan for its loss-making steel division and plans to cut production capacity.
The UK-based cybersecurity firm lifted its annual revenue growth outlook. Publicis Groupe said strong growth in all regions drove its organic sales growth in the first quarter.
Philips entered into a settlement with the U.S. government primarily linked to its Respironics business. THG said 2023 revenue declined because of discontinued operations. Barry Callebaut reiterated its full-year sales and operating earnings outlook.
The troubled IT service company announced details of its restructuring plan. Imperial Brands reiterated its revenue and earnings outlook. HSBC said it plans to sell its Argentina business. BP confirmed that it anticipates strong performance in the first quarter.
European markets fell more than 1% amid interest rate uncertainty in the U.S. spilling over to the eurozone. Travel and leisure-related stocks dropped after crude oil prices rose to a five-month high. UK home builders fell after home prices rose at the slowest pace in four months in February.
The UK-based vertical media publishing company reiterated its fiscal year outlook, citing the strength of its U.S. operations. DS Smith confirmed that the company is evaluating competing bids from International Papers and Mondi Plc.
Siemens clarified that the company is not interested in acquiring the British engineering firm Renishaw. Wizz Air said passenger traffic soared in March. Topps Tiles issued a profit warning.
JD Sports reiterated its annual pre-tax earnings range. Spirent Communications accepted an offer from Keysight Technologies. The troubled French grocery retailer confirmed the completion of its financial restructuring.
DS Smith Group confirmed merger talks with International Paper. H&M reported better-than-expected first-quarter results. CRH said it has completed the second phase of the lime operation divestment in the UK and Europe.
