European Movers: Symrise (SY1 GY) +6.1%, Whitbread (WTB LN) +5.1%, Persimmon (PSN LN) +2.6%, Diageo (DGE LN) + 2.1%, Renault (RNO FP) -1.3%, Sudzucker (SZU GY) -1.2%

Symrise (SY1 GY) - Co. to buy back shares for EUR 400mln. Elsewhere, Co. is to divest its terpenes business and make non-cash impairment. Symrise AG's investment in Swedencare AB is subject to a non-cash impairment. Non-cash impairment around EUR 150mln in Q4 which will have a negative impact on EBITDA. (Symrise)
Whitbread (WTB LN) - Q3 (GBP): Total Sales Growth 2% Y/Y; LFL Sales Growth 3% Y/Y. Confirms 2026 guidance. Notes of increased cost efficiencies of GBP 75- 80mlb, (prev. GBP 65-70mln) across labour, technology and procurement. "We remain confident in the full year outlook". (Whitbread)
Persimmon (PSN LN) - Q4 Trading Update: Homes completed 11.9k (exp. 12k). Performed ahead of market expectations, and we expect to report underlying profit before tax at the upper end of market expectations. Outlook: “We entered 2026 with a robust order book. While we are not expecting any material improvement in market conditions this year, early indications from our Boxing Day marketing campaign are encouraging”. (Permission)
Diageo (DGE LN) - Diageo is considering selling its Chinese assets as part of the company’s aim to streamline operations. The Co. is working with big investment banks like Goldman Sachs and UBS to sell its 63% stake in Shanghai-listed Sichuan Swellfun Co. (Diageo)
Renault (RNO FP) - Presentation: Targets doubling rev. per vehcile; reproted 2025 international sales +11% Y/Y. (Newswires)
Sudzucker (SZU GY) - 9M (EUR): Revenue 6.35bln (prev. 7.46bln Y/Y), EBITDA 367mln (prev. 502mln Y/Y). Revenues declined in the sugar, special products, CropEnergies and starch segments, but increased in the fruit segment. Confirms fiscal outlook for 25/26 but a deterioration in the operating result, a significant decline in ROCE (prev. 5.2% in 2024/25) is seen. (Sudzucker)