Ryanair reported a sharp decline in its latest quarterly profit, and the discount carrier-issued air fares are softer than previously anticipated in the current quarter. Hammerson sold its entire stake in the Retail Value business.
The UK-based property investor agreed to sell a portfolio of four warehouses in Italy. Danske Bank reported better-than-expected quarterly results and announced its plans to return more capital to shareholders.
European automakers advanced after vehicle sales in the region rebounded in June. ABB reported an increase in earnings and sales, but new orders eased in the latest quarter. Frasers Group's annual outlook surpassed market expectations.
Adidas raised its full-year outlook after second-quarter sales rose 11%. Allianz acquired a majority stake in a Singapore-based insurance company. Antofagasta said annual sales are likely to be near the bottom of the estimated range.
B&M European Retail Value signaled a positive outlook for the current fiscal year. Hugo Boss lowered its full-year sales outlook, citing sales weakness in China. Richemont reported weak sales after sales declines in China were offset by strength in Japan.
BayWa AG said that the company is seeking financial restructuring advice. Burberry Group issued an earnings alert and announced the departure of the chief executive. The Swatch Group reported a sharp decline in revenue and earnings due to a slowdown in China.
Ericsson, the Swedish telecom equipment maker, reported better-than-expected operating earnings in the second quarter. Ashmore, the UK-based asset manager, said assets under management declined in the second quarter.
Suedzucker reported a sharp fall in first-quarter profit. John Wood said revenue in the first half fell by 6%. Frasers Group increased its stake in the fashion company Hugo Boss.
BMW said second-quarter global vehicle sales edged lower, but electric vehicle sales advanced. Travis Perkins appointed a new chief executive officer. Spain's Enagas sold its stake in the U.S.-based Tallgrass Energy to finance its green hydrogen projects.
Indivior, the UK-based drugmaker, lowered its annual adjusted earnings outlook and announced its plan to discontinue production of the schizophrenia drug. Saint Gobain completed the purchase of the Australia-based building products company CSR.
French banks rallied after France's snap election resulted in an unprecedented hung parliament. Britvic agreed to be acquired by Carlsberg. Delivery Hero said it faces a significant fine from European Union regulators for antitrust violations.
Germany's automakers edged higher after the European Union imposed additional tariffs on Chinese electric vehicles. UK home builders advanced on the expectation that the newly formed UK government would honor its pledge to accelerate affordable home building.
The UK-based instrumentation company, Spectrics, agreed to acquire SciAps. Barclays agreed to sell its German consumer finance business to Austria-based BAWAG.
Johnson Matthey launched a stock-repurchase plan. Airbus won a large order from a discount air carrier in the Philippines. A rebound in copper prices lifted resource stocks in London.
Ryanair reported record passenger numbers in June. Sodexo's quarterly revenue lagged market expectations. Sainsbury reiterated its commitment to return capital to shareholders.
