Thomson Reuters announced its plans to acquire the Sweden-based Pagero Group. Bunzl agreed to acquire a distribution company in the UK and Finland.

Standard Chartered announced a stock repurchase plan. Allianz reported weaker-than-expected fourth-quarter earnings. ABB has appointed a new chief executive officer. Lufthansa reshuffled its board.

ABB
Rolls Royce reported a sharp jump in annual earnings and an estimated higher profit in 2024. AXA announced a stock repurchase plan. Nestle reported a weaker-than-expected increase in its organic sales. Mercedes-Benz lifted its dividend. 

Glencore said annual revenue declined on weak coal prices, and earnings plunged after the company took impairment charges linked to its zinc and cobalt assets. HSBC said fourth-quarter earnings plunged after it took charge of its investment in Shanghai-based BoCom.

HSBC BHP RIO
Barclays announced a sharp fall in annual earnings in 2023, and said it plans to return 10 billion pounds to shareholders over the next three years. InterContinental Hotels Group said annual net income soared and it expanded its stock repurchase plan.

Europe Movers: Forvia, Nnit, Temenos

Feb 19, 2024
Inga Muller
Temenos rebounded after the Swiss software developer reiterated its financial outlook and refuted charges from the U.S.-base short-seller Hindenburg Research.

NatWest Group reported a record annual profit since the financial crisis in 2007. Swiss Re said annual profit in 2023 improved because of improvements in its property and casualty segments.



Commerzbank announced a stock buyback plan after net income soared in the fourth quarter and full-year 2023. Airbus announced a special dividend supported by strong annual results. Schneider Electric lifted its dividend. Pernod Ricard lowered its current year outlook.

Capgemini reported strong 2023 results. Delivery Hero said organic cash flow is sufficient to meet its debt obligations. Heineken issued a cautious annual outlook. Coca-Cola HBC lifted its cash dividend. Schindler estimated muted annual sales growth in 2024.

Randstad announced its plans to return capital to shareholders. TUI reported a narrowed loss in the fiscal first quarter after more travelers bought higher-priced tour packages. Siltronics forecasted flat revenue in the current year and trimmed its dividend payout.

LVMH-backed private equity group announced its plans to acquire a stake in Italian luxury group Tod's. Nordex said 2023 sales surpassed its own target range.

Hermes said fourth-quarter sales surged. Ubisoft sales exceeded its own target. L'Oreal missed sales expectations. Carl Zeiss said pre-tax earnings declined on flat sales in the first quarter.

BAT announced plans to lower its stake in its India-based ITC. Unilever launched a stock buyback plan. Unibail-Rodamco-Westfield forecasted a return to profitability in the current year. Maersk reported a loss in the fourth quarter.

Vestas swung to an annual profit. Pandora announced a stock repurchase plan. Siemens Energy reiterated its fiscal full-year outlook. Sainsbury said sales in the holiday quarter declined.



BP hiked its quarterly dividend and announced a stock repurchase plan. Beiersdorf increased its dividend and said it plans to launch its stock buyback plan in May. Aurubis reiterated its annual outlook.