European Movers: Alstom (ALO FP) +2.3%, Holcim (HOLN SW) +2.0%, Unite (UTG LN) +1.9%, STMicroelectronics (STMPA FP) +1.8%, ASML (ASML NA) +0.6%, Sodexo (SW FP) -17.1%
Alstom (ALO FP) upgraded to Hold from Reduce at Kepler Cheuvreux
Chip names - TSMC (2330 TT) reported YTD Sales TWD 1.13tln (exp. TWD 1.12tln, prev. TWD 0.839tln Y/Y). (TSMC)
Holcim (HOLN SW) upgraded to Buy from Neutral at Goldman Sachs
Sodexo (SW FP) - H1 (EUR): Net income 188mln (prev. 434mln Y/Y), Operating profit 312mln (prev. 580mln Y/Y), Revenue 12bln (prev. 12.5bln Y/Y), cuts fiscal 2026 organic revenue growth forecast to between 0.5-1% (prev. guided 1.5-2.5%) and guides underlying operating profit margin between 3.2-3.4% (prev. guided "slightly lower than fiscal 2025"). (Sodexo)
Unite Group (UTG LN) - Trading Update: Reaffirms 2026/27 outlook, sees occupancy and rental growth at lower end of 93-96% and 2-3% ranges. On track to deliver guidance for GBP 300-400mln of asset disposals in 2026. (Unite)