Standard Chartered swung to a quarterly loss after the bank took a larger charge linked to the Chinese commercial property sector. WPP lowered its outlook for the second time in as many quarters. Mercedes-Benz cited growing pressures on sales margins.
Reckitt Benckiser reported weaker-than-expected comparable sales in the third quarter. Deutsche Bank said it plans to increase and accelerate distributions to shareholders. Worldline SA plunged after the French payment company lowered its annual growth estimate range.
Barclays said it plans to accelerate its cost-cutting plans and confirmed the bank is facing margin pressures. Bunzl said quarterly revenue edged lower. Puma reiterated its annual outlook. Hermes quarterly sales were ahead of expectations.
InterContinental Hotels Group said it is facing difficulties arranging financing for new development projects. Sika AG reiterated its annual outlook. L'Oreal SA sales fell short of market expectations.
Renault SA said weakness in Argentina and Turkey weighed heavily on its sales growth in the latest quarter. McBride PLC forecasted sales growth to extend in the fiscal 2024. Nokia reported mixed quarterly results.
Adidas AG revised higher its annual revenue outlook. Just Eat Takeway.com raised its adjusted operating earnings estimate. ABB Ltd forecasted lower revenue growth in the fourth quarter.
Rolls-Royce said it plans to trim its workforce. Lonza Group issued an earnings warning. Bellway said home sales in the fiscal 2024 are expected to fall sharply. Ericsson said third quarter revenue declined.
Ashmore Group said asset under management declined in the fiscal first quarter. Avon Protection said order book expanded at the end of the fiscal second-half. Sartorius AG lowered its annual outlook after weak third quarter results.
Suedzucker AG tightened its annual sales outlook and revised slightly higher its operating earnings estimate. Publicis Groupe revised higher its annual organic sales estimate. The Restaurant Group agreed to go private.
Pagegroup issued an earnings warning citing weak business conditions. Travis Perkins said annual earnings are likely to fall short of its estimates after third quarter sales fell more than expected. Accor launched stock a repurchase plan. LVMH sales growth eased in the third quarter.
Rheinmetall AG won an order to supply artillery ammunition to the German Bundeswehr. YouGov reported a sharp jump in pre-tax profit. The Sanofi spinoff Euroapi lowered its annual revenue outlook.
Energy stocks advanced after natural gas prices soared following a shutdown of a pipe and crude oil jumped after a conflict in the Middle East flared up. Airline stocks fell.
Alstom SA plunged after the French rail transportation company slashed its cash flow outlook. Imperial Brands announced a stock repurchase plan. Thales SA won an order from Polish arms agency.
Novartis spun off its generic pharmaceuticals division Sandoz. Tesco lifted its annual profit outlook. Spirent Communication lowered its annual outlook.
Banco Bilbao Vizcaya received a clearance from the ECB to launch its stock repurchase plan. The German financial regulator stepped up its oversight on the ongoing customer service lapses at its Post Bank unit. BAE Systems won an order to build attack submarines.
