European Movers: ASML (ASML NA) +2.9%, Tesco (TSCO LN) +2.5%, Entain (ENT LN) +1.7%, STMicroelectronics (STMPA FP) +0.5%, Pernod Ricard (RI FP) -1.4%, easyJet (EZJ LN) -8.3%

Chip Names - TSMC (TSM/2330 TT) reported Q1 net income that beat estimates while raising its Q2 guidance above analyst expectations. 

easyJet (EZJ LN) - Trading Update (GBP): easyJet expects to report a headline loss before tax of between GBP 540-560mln for the first half of FY26. Demand across the first half remained positive. The conflict in the Middle East has introduced near-term uncertainty around fuel costs and customer demand. (easyJet)

Entain (ENT LN) - Q1 2026 (GBP): Net revenue 696mln (prev. 657mln Y/Y), iGaming revenue 481mln (prev. 443mln Y/Y), Online Sports 203mln (prev. 194mln), Adj. EBITDA 25mln (prev. 22mln Y/Y). Affirms its 2026 outlook, expects 2026 Adj. EBITDA between 300-350mln and net revenue between 2.9-3.1bln. (Entain)

Pernod Ricard (RI FP) - Q3 2026 (EUR): Revenue 1.95bln (exp. 1.95bln). By region: Americas -8% with the US -12%, Asia-RoW +6% with China -7%, Europe +1%. Sees FY organic net sales -3% to -4% due to the Middle East war. For the medium term, projects organic net sales growth in the range of 3-6% on average. (Pernod Ricard) 

Tesco (TSCO LN) - FY 2025 (GBP): Revenue 66.6bln (prev. 63.63bln Y/Y), Adj. EPS 29p (prev. 27.4p Y/Y), Dividend/shr 14.5p (prev. 13.7p Y/Y). Reflecting the increased uncertainty caused by the conflict in the Middle East, Co. provided a wider range of guidance than previously planned, now expecting to deliver adj. operating profit of between GBP 3.0-3.3bln for the FY 2026/27. (Tesco)