European Movers: Danone (BN FP) +2.0%, Capgemini (CAP FP) +1.5%, Sanofi (SAN FP) +0.6%, Balfour Beatty (BBY LN) -0.5%, Intesa Sanpaolo (ISP IM) -1.4%, Julius Baer (BAER SW) -1.9%, Glencore (GLEN LN) -4.1%

Balfour Beatty (BBY LN) downgraded to Neutral from Overweight at JPMorgan.

Capgemini (CAP FP) - Capgemini to launch the divestiture of its subsidiary Capgemini Government Solutions - to be initiated immediately.

Danone (BN FP) - EU industry association said on Friday that China proposed final anti-subsidy  duties on EU dairy products at lower levels than in provisional duties with the final Chinese anti-subsidy tariffs on EU dairy products  to go up to 11.7% vs. a maximum 42.7% in provisional duties.

Intesa Sanpaolo (ISP IM) - Q4 2025 (EUR): Net income 1.73bln (exp. 1.59bln), Operating Income 6.84bln (exp. 6.77bln), NII 3.68bln  (exp. 3.71bln). Announced EUR 2.3bln share buyback. Guides initial FY26 Net Income 10bln; aims to return 95% of profit to  shareholders.

Julius Baer (BAER SW) - FY (CHF): EPS 3.72 (exp. 3.26), AuM 521bln, +5% Y/Y, Net Profit 764mln (prev. 1.02bln Y/Y), CET1 Ratio  17.4% (prev. 14.2% Y/Y). Notes that Co. is “firmly” on track to deliver on medium-term targets.

Mining stocks - Precious and base metals prices have slumped, in a continuation of Friday's losses, and further exacerbated by  downbeat Chinese PMIs.  

Sanofi (SAN FP) - Sanofiʼs venglustat met all primary endpoints in a phase 3 study of type 3 Gaucher disease.