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.
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.
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.
French banks and financial services remained in focus as President Macron struggled to appoint the next prime minister. Tullow Oil may be a subject of a takeover offer from a U.S.-based company. Munich Re and Swiss Re set higher profit targets in 2025.
SThree plunged following an earnings warning. Bodycote PLC expanded its stock repurchase plan. Currys PLC reiterated its annual outlook and reported a narrower loss in the first half.
The parent company of Zara, Inditex, reported weaker-than-expected third quarter results but signaled a strong start to the holiday season sales. Bilfinger launched a new stock buyback plan. Zalando SE agreed to acquire About You Holding.
Centrica plc expanded its stock repurchase plan. Delivery Hero completed the public offering of its Middle Eastern unit. Ashtead plans to move its stock listing to New York from London.
French banks and stocks extended gains for the fifth session in a row amid hopes of a quick resolution to the current political chaos. Direct Line recommended a revised offer from Aviva plc.
Safran SA released financial targets for 2025 and stock repurchase plans over the next three years. Frasers Group tightened its full-year profit outlook. Future plc announced a new stock buyback plan.
French banks remained in focus for the second week amid rising political instability in France. German vehicle makers rebounded, but worries of shrinking sales dominated market sentiment.
