European Movers: Publicis (PUB FP) +3.4%, bp (BP/ LN) +1.8%, Shell (SHEL LN) +1.0%, Anglo American (AAL LN) -1.4%, Novartis (NOVN SW) -0.4%
AAL LN - Agrees sale of steelmaking coal business for up to USD 3.875bln in cash; will use the cash proceeds to reduce net debt.
PUB FP - Confirms 2026, raises 2027 and 2028 guidance; announces the acquisition of LiveRamp.
BP - Reportedly planning to dismantle its pipeline gas trading team and lay off 20 people.
SHEL LN - XRG and EIG are frontrunners for the Co.'s 16.67% stake in the North West Shelf LNG project.
In the latest European market activity, Publicis (PUB FP) is gaining on confirmed guidance increases for 2027 and 2028, signaling confidence in future growth, alongside their strategic acquisition of LiveRamp. Conversely, Anglo American (AAL LN) is under pressure despite agreeing to a significant asset sale aimed at debt reduction, indicating market skepticism about future performance. BP's reported layoffs suggest operational streamlining, which might impact their capacity and revenues in the gas trading segment, while Shell (SHEL LN) remains in focus due to potential divestment of part of its LNG stake, highlighting ongoing reallocations in energy assets.