Market Updates

Movers: Astra Zeneca, BAT, Coca Cola HBC, MTU Aero Engines, Sartorius, Spectris, Surface Transforms

Bridgette Randall
19 Jun, 2023
Frankfurt

    The DAX index decreased 0.5% to 16,272.18,  the CAC-40 index declined 0.5% to 7,350.17 and the FTSE 100 index fell 0.3% to 7,622.64.

    Coca Cola HBC AG declined 2.3% to €26.78 after the company agreed to acquire the Finlandia Vodka brand for $220 million from Brown-Forman. 

    AstraZeneca Plc declined 0.9% to 11,684.0 pence on the news that the company is looking to spin off its China business. 

    MTU Aero Engines AG increased 3.4% to €234.40 after the company revised higher its 2023 annual outlook. 

    Resource companies traded down on the worries of weakening demand from metal manufacturing companies. 

    Glencore, Antofagasta, and Anglo American declined between 1% and 2%. 

    Luxury stocks declined after China's State Council failed to announce no new measures to boost economic growth after a meeting on Friday. 

    Hermes International SCA declined 0.8% to €1,969.80 and LVMH dropped 1.1% to €859.10.  

    Spectris plc edged up 0.08% to 3,708.25 pence after the company signed an agreement to acquire MicroStrain Sensing Systems Business for 37.6 million.

    Sartorius AG plunged 16.3% to €247.50 after the lab equipment maker lowered its 2023 outlook on weaker-than-expected demand in the second half.  

    British American Tobacco added 0.5% to 2,592.50 pence after the company announced significant changes to its board. 

    Surface Transforms Plc decreased 1.5% to 32.50 pence after the company appointed Isabelle Maddock as new Chief Financial Officer from September 4. 

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