European Movers: Currys (CURY LN) +7.6%, IG Group (IGG LN) +6.3%, Diploma (DPLM LN) +5.0%, Standard Chartered (STAN LN) -0.9%, Crest Nicholson (CRST LN) -2.6%, Vallourec (VK FP) -10.0%
Crest Nicholson (CRST LN) - Delays results. The half year results for the period ended 30 April 2026 are now expected to be announced on 16 July 2026. The Group is in discussion with lenders in relation to seeking a temporary covenant relaxation. Discussions are progressing constructively and are expected to conclude by mid-July 2026. (Crest Nicholson)
Currys (CURY LN) - Trading Update (y/e 2 May 2026): LFL Sales Growth +4%. FY Adj. PBT 191mln (prev. guided 180-190mln). Process to appoint a new Group Chief Executive is progressing well. (Currys)
Diploma (DPLM LN) - H1 2026 (GBP): Revenue 851mln (prev. 729mln Y/Y), Adj. Operating Profit 209mln (prev. 157mln Y/Y), raises its FY26 organic revenue growth to 12% (prev. 9%). (Diploma)
IG Group (IGG LN) - Q1 2026 (GBP): Organic Total Revenue 331.2mln (prev. 277.4mln Y/Y), Reported Total Revenue 339.9mln (prev. 280.0mln Y/Y), Organic Net Trading Revenue 306.5mln (prev. 245.7mln Y/Y), Organic Net Interest Income 24.7mln (prev. 31.7mln Y/Y). FY2026 organic revenue growth guidance raised to 10-15% from high single-digits, medium-term outlook upgraded to at least 10% organic revenue CAGR beyond 2026. (IG Group)
Standard Chartered (STAN LN) - Co. said it aims to cut corporate function roles by roughly 15% by 2030, while targeting RoTE above 15% in 2028 and about 18% in 2030. (Standard Chartered)
Vallourec (VK FP), ArcelorMittal (MT NA) - Co. has sold approximately 23.9mln shares in Vallourec (VK FP), representing approximately 10.0% of Vallourecʼs outstanding share capital, at an offer price of EUR 24/shr, raising gross proceeds of approximately USD 667mln. The transaction was conducted via an ABB process to institutional investors. (ArcelorMittal)