IAG SA reported higher-than-expected earnings. Standard Chartered and Natwest said higher interest rates supported earnings growth in first-half. Hermes International reported better-than-expected sales in the second quarter.
BNP Paribas announced that the bank plans to start repurchasing its stock from the next month. Airbus said net income in the first-half declined but Safran SA revised higher its annual estimate. Volkswagen trimmed its annual outlook.
Natwest Group chief executive unexpectedly resigned. Deutsche Bank reported weak earnings. MTU Aero Engines guided headwinds for free cash flow. Danone SA will take a charge for separating its Russian joint venture. LVMH sales in the U.S. declined.
Vodafone reported better-than-expected revenue in its latest quarter. S4 Capital lowered its annual sales growth outlook. Alstom signed a contract with the Germany based RAILPOOL for rolling stock leasing.
Volvo AB reported higher revenue and earnings in the latest quarter but new orders declined in Europe and in the U.S. Kering SA announced management shuffle to strengthen its operations and governance.
Novartis lifted its annual earnings outlook and announced a plan to buyback its shares and spin off Sandoz. SEB AB reported better-than-expected earnings.
Richemont said quarterly sales in Europe and Asia Pacific rose but declined in the Americas. Resource and mining stocks declined after crude oil and copper prices fell 1%. Luxury stocks in Paris plunged 4% on China growth worries.
The troubled French retailer Casino Guichard reported a decline in comparable sales in France. BASF SE lowered its full-year earnings outlook and reported a sharp fall in quarterly earnings. UK homebuilders fell after Barratt Developments issued a cautious outlook.
Coca-Cola HBC revised higher its earnings outlook. Airbus reported a jump in aircraft orders driven by a surge in demand from India. Clariant AG lowered its 2023 outlook.
British electronics retailer Currys reported a decline in sales and warned about weak market conditions in the current year. Norwegian Air Shuttle said passenger traffic rebounded in June. Oil field services provider said quarterly profit jumped threefold.
Casino Guichard plunged after the French retailer reported two competing offers of recapitalization. Evotec SE won a second order from the US Department of Defense. HeadFirst Global is likely to make a takeover offer for Impellam Group.
Saint Gobain agreed to sell its Portugal business. Nokia signed a new patent licensing agreement with Apple Inc. Tesla reported record quarterly electric vehicle deliveries.
Mining and energy stocks advanced after crude oil and copper prices gained. LEG Immobilien revised higher its annual outlook. Sodexo reported strong quarterly revenue growth and prepared to spin off its rewards and benefits business.
Equinor won regulatory approval to expand energy fields in Norway. Mulberry Group reiterated its financial year outlook. UBS to eliminate half of Credit Suisse's workforce.
SES SA said it terminated its merger talks with Intelsat. Ocado Group soared on a takeover offer speculation. Novo Nordisk said the European health regulator raised thyroid cancer alerts on some of its drugs.
