European Movers: Hugo Boss (BOSS GY) +6.9%, Wizz Air (WIZZ LN) +2.9%, Porsche (P911 GY) +2.1%, BASF (BAS GY) +0.8%, SAP (SAP GY) -2.7%, Halma (HLMA LN) -10.7%

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Goldman Sachs sees earnings growth driving S&P 500 higher despite record US issuance

EUROPEAN OPEN: ORCL falls as AI financing plans overshadow results; ASML NA to cut fewer jobs after union talks; FRAS LN bids EUR 2.7bln for BOSS GY; RYA ID faces CMA seat reservation probe; P911 GY, BAS GY upgraded

European Movers: Hugo Boss (BOSS GY) +6.9%, Wizz Air (WIZZ LN) +2.9%, Porsche (P911 GY) +2.1%, BASF (BAS GY) +0.8%, SAP (SAP GY) -2.7%, Halma (HLMA LN) -10.7%

Ford (F) recalling 548k US vehicles due to sharp edges in centre console

UKMTO has received a report of an incident 21NM Northeast of Sohar, Oman

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BASF (BAS GY) upgraded to Buy from Hold at Kepler Cheuvreux

Halma (HLMA LN) - FY 2025/26 (GBP): Revenue 2.58bln (exp. 2.57bln), Adj. EBIT excl. One-Offs 585.2mln (exp. 567.9mln), Adj. EBIT Margin 23.0% (exp. around 22%), guides FY 2027 adj. EBIT margin in line with FY 2026. (Halma)

Hugo Boss (BOSS GY), Frasers (FRAS LN) - Frasers launches a takeover bid for Hugo Boss, offering EUR 38/shr in cash, totalling EUR 1.98bln. (Frasers)

Porsche (P911 GY) upgraded to Buy from Neutral at Goldman Sachs

Wizz Air (WIZZ LN) - FY 2026 Final (GBP): Revenue 5.69bln (prev. 5.28bln Y/Y), EBITDA 1.32bln (prev. 1.13bln Y/Y), not giving guidance for FY27 given the lack of visibility across trading seasons and uncertainty related to the ongoing conflict in Iran and the closure of the Strait of Hormuz. (Wizz Air)

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