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.
UK home builders continued to slide lower on the worries of higher mortgage rates. 888 Holdings trimmed its full-year earnings outlook. Ryanair cut its winter schedule on Boeing aircraft delivery delays.
Banks and insurance in the Euro Area declined on the worries of higher-for-longer interest rates in the region. Dutch insurance companies fell after a court reversed an earlier ruling against NN Group.
Luxury stocks fell for the second week in a row on the deepening woes in the Chinese property sector. Smiths Group reported higher operating profit for the year.
Adevinta, the Norwegian online marketplace confirmed a takeover approach from a private equity consortium. A joint venture of Tele2 and Telenor acquired wireless spectrum licenses in Sweden.
European automakers advanced after August automobile sales jumped in August. The UK education group Pearson appointed new chief executive. UK homebuilders advanced after home prices rose in August.
Crude oil and natural gas explorers advanced after crude oil prices traded at 10-month highs. Banks advanced for the second day in a row ahead of the Bank of England's rate decision. MTU Aero Engines extended recent losses.
Luxury stocks advanced after China economic data showed slight improvement. H&M reported third quarter sales below market expectations. Bayer AG may trim management jobs.
