Market Updates

Movers: Abrdn, Braemar, Lanxess, Monks Investment, Renault, Sanofi, Stellantis

Bridgette Randall
20 Jun, 2023
Frankfurt

    Stellantis NV declined 2.2% to €15.39 after the Italian vehicle maker struck a 50:50 partnership with Foxconn to design and sell semiconductors for the automotive industry from 2026. 

    Lanxess AG declined 16.3% to €26.38 after the German specialty chemical company lowered its second quarter and full-year 2023 adjusted operating earnings outlook.    

    Braemar Plc dropped 3.5% to 278.0 pence after the company said chief finance officer Nick Stone will step down on July 31. 

    Abrdn Plc declined 1.1% to 213.20 pence after the company sold its 10% stake or 21.8 million shares in the India-based HDFC Asset Management Company. 

    Monks Investment Trust Plc  declined 0.1% to 994 pence after the company posted a smaller loss in the fiscal year 2023. 

    Renault SA declined 3.9% to €35.45 and the company assigned additional responsibilities to group chief executive Luca de Meo as chairman and CEO of its electric vehicle unit Ampere.

    Renault is still considering listing Ampere on the stock market. 

    Sanofi SA increased 3.5% to €97.75 after the company won an international arbitration case related to claims by Boehringer Ingelheim in connection with cancer lawsuits linked to Zantac in the U.S. 

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