European Movers: Boohoo (DEBS LN) +8.7%, Rio Tinto (RIO LN) +3.7%, UMG (UMG NA) +3.0%, Nokia (NOKIA FH) +2.5%, Glencore (GLEN LN) +0.5%, Inwit (INW IM) -2.5%

Aluminium-exposed names - Israel conducted strikes on Iran’s largest steel plants simultaneously on Saturday, while Iran issued evacuation orders for six of the largest steel plants in neighbouring Gulf countries as well as Israel as it prepared to retaliate. It was separately reported that Aluminium Bahrain said its facilities were targeted by Iran on Sunday. (Newswires)

Boohoo (DEBS LN) - Co. raises FY27 Adj. EBITDA to "double digit %". (Boohoo) 

Glencore (GLEN LN) - Canada and Quebec are reportedly close to a deal with Glencore to keep the Horne copper smelter open, after the company threatened closure due to stricter arsenic emission rules. (Bloomberg)

Nokia (NOKIA FH) upgraded to Neutral from Sell at Goldman Sachs

Telecom Italia (TIT IM) - Telecom Italia said it will not renew a mobile phone tower agreement with Inwit when it expires in August 2030 (that would have extended the contract to 2038); it leaves Telecom Italia without a new long-term tower arrangement, Bloomberg notes. (Bloomberg)

UMG (UMG NA) - Co. announces a EUR 500mln share buyback programme. (UMG)