BayWa AG said that the company is seeking financial restructuring advice. Burberry Group issued an earnings alert and announced the departure of the chief executive. The Swatch Group reported a sharp decline in revenue and earnings due to a slowdown in China.
Ericsson, the Swedish telecom equipment maker, reported better-than-expected operating earnings in the second quarter. Ashmore, the UK-based asset manager, said assets under management declined in the second quarter.
Suedzucker reported a sharp fall in first-quarter profit. John Wood said revenue in the first half fell by 6%. Frasers Group increased its stake in the fashion company Hugo Boss.
BMW said second-quarter global vehicle sales edged lower, but electric vehicle sales advanced. Travis Perkins appointed a new chief executive officer. Spain's Enagas sold its stake in the U.S.-based Tallgrass Energy to finance its green hydrogen projects.
Indivior, the UK-based drugmaker, lowered its annual adjusted earnings outlook and announced its plan to discontinue production of the schizophrenia drug. Saint Gobain completed the purchase of the Australia-based building products company CSR.
French banks rallied after France's snap election resulted in an unprecedented hung parliament. Britvic agreed to be acquired by Carlsberg. Delivery Hero said it faces a significant fine from European Union regulators for antitrust violations.
Germany's automakers edged higher after the European Union imposed additional tariffs on Chinese electric vehicles. UK home builders advanced on the expectation that the newly formed UK government would honor its pledge to accelerate affordable home building.
The UK-based instrumentation company, Spectrics, agreed to acquire SciAps. Barclays agreed to sell its German consumer finance business to Austria-based BAWAG.
Johnson Matthey launched a stock-repurchase plan. Airbus won a large order from a discount air carrier in the Philippines. A rebound in copper prices lifted resource stocks in London.
Ryanair reported record passenger numbers in June. Sodexo's quarterly revenue lagged market expectations. Sainsbury reiterated its commitment to return capital to shareholders.
Airbus agreed to acquire the assets of the business unit of Spirit AeroSystems. Anglo American suspended its coal mining operation in Queensland, Australia. Petrofac extended its interest payment deadline on its senior secured notes.
The Swedish retailer H&M reported smaller-than-expected profit growth in the second quarter. French luxury stocks and UK mining stocks declined after Chinese industrial profit growth decelerated in May.
Volkswagen agreed to invest $5 billion in a joint venture with the electric vehicle maker Rivian. The electric battery developer Gelion signed a joint development agreement with Glencore International.
Airbus lowered its 2024 financial targets and took a one-time charge for expenses related to supply chain issues and cost overruns in its space division. Novo Nordisk plans to invest in the U.S. to expand its manufacturing capacity.
Safran entered into exclusive discussion to acquire an AI technology company. Valneva won an approval from the Canadian drug regulator for its chikungunya virus treatment. Prudential launched its $2.2 billion stock buyback plan.
