European Movers: BE Semiconductor (BESI NA) +14.0%, BP (BP/ LN) +1.3%, Barrett Redrow (BTRW LN) -0.1%, Glencore (GLEN LN) -1.5%, L'Oreal (OR FP) -1.8%, Vivendi (VIV FP) -6.1%

BE Semiconductor (BESI NA) - Co. has been fielding takeover interest, Reuters reports citing sources. Working with MS to evaluate approaches. Lam Research (LRCX) and Applied Materials (AMAT) are among the potential suitors. (Reuters)

Energy Names - Energy prices continue to gain, with Brent holding above USD 100/bbl. 

Glencore (GLEN LN) - Glencore CEO hopes higher coal prices will support renewed merger talks with Rio Tinto  after talks on a USD 240bln combination ended in February over valuation, Reuters reports. (Reuters)

L'Oreal (OR FP) - Ulta Beauty shares fell over 8% in extended trading after it issued FY  guidance at the low end of expectations, including a cautious outlook for comp sales.

UK Homebuilders / construction - There was another large fall in the construction industry in the latest three months, with continued  contraction in housebuilding. (ONS)

Vivendi (VIV FP) - FY 2025 (EUR): Revenue 307mln (exp. 306.1mln), EBITA +45mln (exp. 59mln, prev. -1mln Y/Y). Vivendi enters  2026 having reduced its financial net debt by more than EUR 1bln over the past year, to EUR 1.5bln as of December 31, 2025. (Vivendi)

BE Semiconductor's strong move is driven by reported takeover interest, signaling potential strategic consolidations in the semiconductor space, particularly from big players like Lam Research and Applied Materials. This highlights increased M&A activity in the sector, especially as energy prices rise. Meanwhile, Vivendi's disappointing outlook despite slight revenue growth indicates broader challenges in the media space, suggesting caution among investors in this sector.