Lufthansa sold its travel card payment portfolio to Sweden-based SEB Kort Bank. VEON to invest in rebuilding the largest mobile telecom network in Kyiv. Automakers advanced after EU new car registrations increased in May.
Lanxess lowered its adjusted earnings outlook citing weak demand. Abrdn plc sold its stake in India-based HDFC Asset Management. Renault shuffled management to prepare its electric vehicle unit Ampere for the stock market listing.
Shell announced its plan to increase its dividend and accelerate stock repurchase. Entain acquired a Poland-based sports betting company. Puma announced a corporate restructuring plan.
Durr Group announced an acquisition to expand its automation technology division. British Gas parent Centrica forecasted annual outlook near the upper end of the market expectations.
Novartis AG agreed to acquire the Seattle-based Chinook Therapeutics.
Frasers Group acquired a minority stake in an online electrical products retailer. Telecom Italia received revised offers from existing bidders for its NetCo unit.
FirstGroup announced a stock repurchase plan after revenue from continued operations rebounded. RWS Holdings confirmed the full-year outlook to be inline with market expectations. Saint Gobain reiterated its operating margin for the fiscal year.
Inditex said sales momentum in the first quarter is likely to carry over to the current quarter. UK home builders traded lower after home prices declined for the first time in 12 years.
Energy and mining companies advanced following a rise in crude oil and commodities prices. Hunting Plc signed a long term deal with a China-based company. UBS said it may complete the takeover of Credit Suisse next week.
Dechra Pharmaceuticals agreed to be acquired by the private equity arm of the Abu Dhabi Investment Authority. PayPoint Plc reiterated its fiscal year 2023 revenue outlook.
Remy Cointreau guided a sharp fall in revenue in the first half of the current fiscal year. Dr Martens estimated lower operating margin in the current year on higher investment in supply chain activities. BAE Systems announced the launch of the third tranche of its stock repurchase plan.
Bunzl continued its acquisition spree with two more acquisitions in Spain and Brazil. Hunting Plc revised higher its annual operating earnings outlook. Nestle appointed a new chief executive officer.
Casino Guichard entered into debt restructuring negotiations under court supervision as Jean Charles Naouri struggled to retain his controlling stake in the struggling retailer.
Johnson Matthey reported a sharp fall in fiscal year profit. Deutsche Boerse made a formal offer for the Danish software company. Hill & Smith said operating profit in the full-year is expected to be ahead of market expectations.
UK-based Titon Holdings cited macroeconomic headwinds and lowered expectations for the second-half. Sweden-based Concentric AB won a hydrogen fuel cell system order. UK-based C&C Group reported a one-time charge related to ERP system installation.
