Essentra PLC reported flat 2024 sales and provided an update on its stock repurchase plan. PostNL sharply lowered its 2024 earnings outlook. Premier Foods estimated its 2024 earnings to be near the top end of the range.

Telefónica completed refinancing of its main credit facility of €5.5 billion. John Wood Group won a contract to maintain energy exploration equipment and assets of Esso Australia.

Kering SA agreed to sell a majority stake in a portfolio of luxury properties in Paris to a private equity firm. Glencore and Rio Tinto reportedly held talks to merge all or parts of their businesses.

Richemont reported a double-digit sales increase in key markets in Europe, the Americas, and the Middle East. However, sales in Asia Pacific declined because of the ongoing weakness in China. Renault SA said unit sales increased in 2024, but Stellantis NV reported a decline in shipments in the fourth quarter.

Europe Movers: Hays, Nordex, Serco

Jan 15, 2025
Inga Muller
Hays PLC reported a decline in revenue for the second consecutive quarter. Nordex said new order flow for turbines increased from a year ago in 2024. Serco extended its string of new contracts with the U.S. military agencies.

Europe Movers: JD Sports Fashion, Ocado

Jan 14, 2025
Inga Muller
JD Sports Fashion issued a profit warning amid weak comparable sales increases over a two-month period to December. Ocado reported a rise in fourth-quarter sales, driven by an increase in active customers.

Europe Movers: Nordex, Philips, Ubisoft

Jan 10, 2025
Inga Muller
Ubisoft, the French computer game company, lowered its fiscal 2025 outlook and delayed the release of the next version of the blockbuster franchise Assassin's Creed. Nordex won four separate orders for wind turbines from customers in Spain.



B&M Value Retail tightened its operating earnings outlook for the current fiscal year. Marks & Spencer issued a cautious outlook, despite strong performance in the holiday period. Tesco reiterated its adjusted operating earnings and cash flow from retail operation estimates.

Pluxee NV soared after the employee benefits company reported better-than-expected fiscal first quarter revenue. Flutter Entertainment lowered its 2024 revenue outlook in the U.S. Shell trimmed its LNG production estimate for the fourth quarter.

Europe Movers: NEXT, Sodexo

Jan 7, 2025
Inga Muller
Sodexo SA said fiscal first quarter organic sales growth was driven by strength in emerging markets and North America. NEXT Plc said full-price sales in the nine-week holiday period to December 28 increased 6% from a year ago.

Swisscom's acquisition of Vodafone Italia was approved by Italy's industry ministry and competition commission. Renault SA is likely to sell its stake in the merged Honda Nissan entity.

Mining companies headed lower after a lack of progress in China following the previously announced stimulus measures. Banks declined following the weakness in the euro and persistent political turmoil in France and Germany. Vehicle makers headed lower amid rising prospects of higher U.S. tariffs.

Serco Group reiterated its annual outlook. Skanska AB sold its multi-family rental company in Denmark. SoftwareOne AG agreed to acquire Norway-based Crayon Group Holding using a combination of cash and its stock.

Honda and Nissan initiated merger talks amid the rapidly changing global landscape for automobile companies. Kingfisher sold its operations in Romania. ASSA ABLOY completed one more acquisition in the U.S.



Energy explorers extended six-month losses tracking weak crude oil prices amid supply glut worries and falling demand growth from key customers in Asia. Thyssenkrupp Nucera reported strong fiscal fourth quarter results.

Porsche Automobil withdrew its 2024 earnings outlook. Ricardo PLC acquired the Australia-based E3 Advisory. Vivendi soared after it completed the spinoff of its media and publishing units.