European Movers: Close Brothers (CBG LN) +19.8%, Antofagasta (ANTO LN) +15.0%, Evotec (EVT GY) +6.2%, Bayer (BAYN GY) +4.1%, Reckitt Benckiser (RKT LN) +4.0%, Danone (BN FP) +1.2%, Shell (SHEL LN) -9.0%
Bayer (BAYN GY) - Executive says no change to 2026 guidance due to US pharmaceutical tariffs announced last week. (Newswires)
Close Brothers (CBG LN) - Update following FCA's latest consumer redress scheme. The estimated cost of the scheme as published is c. GBP 320mln. This would reduce the group's CET 1 capital ratio by c.25 basis points to 14.0%, on a pro forma basis as at 31 January 2026. This remains comfortably ahead of the group's medium-term target of 12-13%. (Close Brothers)
Danone (BN FP) - Co. is reportedly working with Centerview bank over a potential takeover of Reckitt Benckiser's (RKT LN) Mead Johnson. (La Lettre)
Evotec (EVT GY) - Final FY 2025 (EUR): Revenue 788.4mln (prev. 810.4mln Y/Y), EBITDA 41.1mln (prev. 52.3mln Y/Y). Outlook: Revenue 700-780mln (exp. 785.1mln). (Evotec)
Energy/Airlines/Miners related to geopols - Broad risk on sentiment after the US and Iran agree to a conditional two-week ceasefire; Euro Stoxx 50 indicated higher by 4.3%. US President Trump announced he is to suspend the bombing of Iran for two weeks, subject to Iran opening up the Strait of Hormuz, while he stated that this will be a double-sided ceasefire.
The announcement of a conditional two-week ceasefire between the U.S. and Iran is driving a broad risk-on sentiment across European markets, as indicated by the Euro Stoxx 50's positive movement. This geopolitical development is likely to ease immediate tensions and could influence energy and commodity prices, particularly in sectors sensitive to Middle Eastern stability. Watch how this unfolds, as ongoing negotiations will be pivotal for broader market implications, especially in oil and related equities.