European Movers: Intertek (ITRK LN) +4.2%, Bayer (BAYN GY) +1.4%, LVMH (MC FP) -0.3%, Vodafone (VOD LN) -2.7%, Siemens Energy (ENR GY) -3.2%, Munich Re (MUV2 GY) -3.4%
Today’s market movers in Europe reflect mixed earnings results and corporate updates.
European Commission President von der Leyen says Brussels is taking action against TikTok’s “addictive design,” with similar concerns applying to Meta (META) platforms Instagram and Facebook
Japan's Finance Ministry declines to comment on market speculation about rate checks
European Movers: Intertek (ITRK LN) +4.2%, Bayer (BAYN GY) +1.4%, LVMH (MC FP) -0.3%, Vodafone (VOD LN) -2.7%, Siemens Energy (ENR GY) -3.2%, Munich Re (MUV2 GY) -3.4%
Indian Oil Minister says LPG production has increased
At the UK Cabinet meeting (c. 09:30BST), PM Starmer will be given the chance to "go gracefully" or face ministerial resignations, Huffington Post's Schofield reports
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Bayer (BAYN GY) - Q1 2026 (EUR): Revenue 13.4bln (exp. 13.5bln), Adj. EBITDA 4.5bln (exp. 3.94bln), core EPS 2.71 (exp. 2.22), guides FY26 sales between 44.5-46.5bln (prev. guided 44-46bln) and core EPS between 4.10-4.60 (prev. guided 4.00-4.50).
Intertek (ITRK LN) - EQT has increased its offer to GBP 61.077/shr (prev. GBP 58/shr). (Reuters)
LVMH (MC FP) upgraded to Overweight from Equal Weight at Barclays
Munich Re (MUV2 GY) - Q1 2026 (EUR): Net Result 1.71bln (prev. 1.09bln Y/Y), EPS 13.41 (exp. 13.62), Insurance Revenue 15.01bln (exp. 16.1.2bln, prev. 15.1bln Y/Y), Op. Result 2.23bln (prev. 1.46bln Y/Y). Confirms 2026 guidance. (Munich Re)
Siemens Energy (ENR GY) - Final Q2 2026 (EUR): Net Income 835mln (prev. 501mln Y/Y), Revenue 10.3bln (prev. 9.96bln Y/Y), Orders 17.7ln (prev. 14.4bln Y/Y), announces additional share buybacks of up to EUR 1bln. Raises FY26 revenue growth of between +14-16% (prev. guided +11-13%) and Net Income around EUR 4bln (prev. guided between 3-4bln). (Siemens Energy)
Vodafone (VOD LN) - FY26 (GBP): Revenue 40.5bln (prev. 37.4bln Y/Y), Adj. EBITDAaL 11.4bln (prev. 10.9bln Y/Y), Operating Profit 2.8bln (prev. -0.411bln Y/Y). Results reached the top end of the guidance range. Guides FY27 Adj. EBITDAaL between 11.9-12.2bln. (Vodafone)
Bayer delivered strong core EPS and an upward revision in guidance, supporting its stock price, while Vodafone's robust revenue and EBITDA results pushed it to the upper range of guidance, positively influencing sentiment. In contrast, LVMH received an upgrade that may boost confidence in luxury markets, while Siemens Energy and Munich Re report mixed results, leading to declines in their share prices, indicating varied investor confidence across sectors.
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