European Movers: Evonik (EVK GY) +1.4%, Enel (ENEL IM) +0.4%, Intertek (ITRK LN) -7.3%, IAG (IAG LN) -4.6%, Commerzbank (CBK GY) -1.4%
Today, we saw a mixed performance across key European equities, with Evonik and Enel posting modest gains while Intertek and IAG faced significant declines.
EUROPEAN OPEN: CBK GY raises profit guidance amid takeover defence; EVK GY confirms outlook despite sales miss; IAG profit beats but cuts capacity guidance; ITRK LN rejects EQT's GBP 8.9bln takeover offer
Norges Bank Governor Bache says at the moment she does not foresee a pronounced increase in the Policy Rate
European Movers: Evonik (EVK GY) +1.4%, Enel (ENEL IM) +0.4%, Intertek (ITRK LN) -7.3%, IAG (IAG LN) -4.6%, Commerzbank (CBK GY) -1.4%
Nintendo (7974 JT) says Switch 2 profits after the price hike will be roughly equal to last year's
[MARKET UPDATE] Gilts open lower by 15 ticks as the initial readout from the UK local elections is not as bad as some feared for Labour, potentially providing limited/temporary respite to PM Starmer. Reminder, numerous key councils are yet to report.
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The drop in Intertek's shares suggests a potential concern over its outlook or sector performance, likely impacting investor sentiment. This volatility could influence broader market dynamics, especially in sectors like utilities and airlines, as traders assess the implications for upcoming earnings reports.
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