Deutsche Telekom plans to launch a stock repurchase program in 2025. BMW said global vehicle sales struggled amid weakness in China. GSK agreed to settle thousands of cases in the U.S. courts related to Zantac claims. 

Rio Tinto agreed to acquire Arcadium Lithium in an all-cash transaction valued at $6.7 billion. Continental AG said profitability in the third quarter is likely to improve despite sales challenges.

Vistry, the UK-based home builder, lowered its fiscal year profit estimate. Imperial Brands reaffirmed its annual outlook. Deutz AG said it plans to cut jobs amid the challenging macroeconomic environment. Luxury stocks, automakers, and resource stocks fell after China's fiscal measures fell short of expectations. 

Richemont agreed to sell its loss-making online operations to Germany-based Mytheresa. Heidelberg Materials entered into negotiations with Adani Group to sell its cement operations in India. 

Container shipping companies and port terminal operators plunged following reports that Israel is preparing to escalate its attack in Lebanon and expand to Iran. DSV said it completed its fund-raising to finance its purchase of Schenker from Deutsch Bahn. Alstom reaffirmed its annual outlook.

Tesco reported higher revenue and earnings in the first half and lifted its annual outlook. Vonovia confirmed steady cash inflow in the current year. Alstom won a large order for 12 high-speed trains. British Land plans to acquire several retail parks and finance the purchase through a secondary stock offering.

TotalEnergies announced a large investment in an oil exploration block off the coast of the Republic of Suriname. JD Sports reported record sales in the latest period and reiterated its annual outlook. 



Abu Dhabi-controlled ADNOC offered to acquire German chemical company Covestro for nearly €15 billion. Mulberry rejected a conditional offer from Frasers Group.

Volkswagen AG issued its second profit warning in three months, and Stellantis NV lowered its annual outlook, citing sales weakness in most regions. 

LVMH agreed to take a minority stake in Italy-based outwear maker Moncler SpA through an investment vehicle controlled by chief executive Remo Rufini.

Luxury stocks and vehicle markers advanced for the second consecutive day after China announced more stimulus measures. Rightmove's board rejected the revised offer Australia's REA Group. Valmet, the Finnish engineering company, won a billion euro order from Brazil.

Resource sector stocks and luxury goods makers led the gainers in Europe trading after China announced several significant monetary stimulus measures. CRH appointed a new chief executive officer.

A German government agency confirmed its plans to hold the remaining stake in Commerzbank. Scout24 SE announced a stock repurchase plan. Siemens said it plans to separate its eMobility business. 

China-linked automobile makers and luxury goods stocks traded down after Mercedes-Benz Group lowered its annual outlook, citing rapid deterioration in its business in China.



Next plc, the UK-based apparel retailer, revised higher its annual earnings estimate to 1 billion. Ocado reported strong quarterly results for its online retail venture with Marks & Spencer.