Europe Movers: Aegon, Casino Guichard, J Sainsbury, UK Homebuilders, UK Miners, Wizz Air

Bridgette Randall
04 Jul, 2023
New York City

The DAX index decreased 0.3% to 16,042.66, the CAC-40 index declined 0.06% to 7,381.09 and the FTSE 100 index increased 0.1% to 7,537.54. 

Mining and energy companies were among the leading decliners after commodities and energy prices remained under pressure on the demand worries linked to China. 

Glencore, Antofagasta and Anglo American rose between 0.6% and 1.1% on the hopes that the People's Republic of China will announce new measures to revive the property sector. 

Shell Plc, TotalEnergies, BP Plc, Eni SpA and Repsol traded volatile and in mixed trading and bounced around 0.5% band. 

UK homebuilders were under pressure on the looming recession worries and slowdown in home sales amid the ongoing rate hikes. 

Barratt Developments Plc fell as much as 0.4% and Taylor Wimpey Plc decreased 0.3% 

Wizz Air Holdings Plc increased 2% to 2,853 pence after the deep discount airline reported a higher passenger traffic in June compared to a year ago. 

Casino Guichard Perrachon SA soared 16% to €4.57 after the troubled French retailer received two equity investment offers. 

The company received proposals from 3F Holding and from a group of investors EP Global Commerce and Fimalac, and details of the proposals will be made public after a meeting with creditors on July 5. 

J Sainsbury's Plc decreased 2.0% to 269.0 pence despite the British retailer reported improved first quarter results and reiterated its full-year outlook. 

Total retail sales excluding fuel in the first quarter ending on June 24 increased 9.2% and comparable sales rose 9.8%. 

Grocery sales increased 11%, general merchandise sales jumped 3.1%, Argos retail sales advanced 5.1% but apparel sales declined 3.7%. 

The retailer reiterated its forecast for fiscal year 2024 4 underlying profit before-tax of between £640 million and £700 million and generate at least £500 million of retail free cash flow. 

Aegon NV rose 1.7% to €4.80 after the Dutch insurer said it has integrated its pension, life and non-life insurance, mortgage and banking activities with ASR.