Whirlpool decided to sell its European business. The online grocery retailer Ocado estimated weak sales growth in 2023. The recruitment agency Hays reiterated its operating earnings outlook for the fiscal first-half.

Fraport, the operator of Frankfurt airport reported a surge in passenger activities. Ashmore Group said assets under management rose slightly at the end of 2022. Centamin won a favorable court ruling in Egypt.

Porsche Automobil said worldwide sales rose in 2022. Suedzucker revised higher its annual outlook. M&S and Tesco reported higher holiday sales. Persimmon said the order backlog plunged at the end of 2022.

Europe Movers: Barratt, LVMH, Philips, PageGroup

Oct 12, 2022
Bridgette Randall
LVMH reported strong performance in the nine months of 2022 after sales surged on the rising demand from local customers and a recovery in international travel.

Swiss elevator maker Schindler lowered its annual outlook citing China market contraction. Delivery Hero revised its annual gross merchandise value estimate. Norsk Hydro announced to return more capital to shareholders.

Nokia surged after net income soared. Electrolux dropped on weaker than expected results. Thales said its unit will take a one-time charge linked to Russian business closure. SAP lowered its full-year outlook.

J D Wetherspoon said revenues are improving but at a slower pace and labor costs are rising. Glencore sold a royalty package to Sandstrom Gold. Tullow Oil reaffirmed the fiscal year outlook.