Europe Movers: Avation, Brenntag, Curry, Hunting, Norwegian Air, Man Group

Bridgette Randall
06 Jul, 2023
Frankfurt

European markets fell more than 1% after rate hike worries resurfaced and investors reacted to mixed economic data in the region. 

The DAX index decreased 1.1% to 15,749.13, the CAC-40 index declined 1.8% to 7,180.22 and the FTSE 100 index decreased 1.3% to 7,347.75. 

The yield on 10-year German Bunds inched higher to 2.53%, French bonds traded lower to 3.09%, the UK gilts edged up to 4.59% and Italian bonds decreased to 4.25%.

Norwegian Air Shuttle ASA rose 2.7% to 90 euro cents after the deep discount airline said passenger traffic rose in June from the previous month and from a year ago. 

Brenntag SE declined 0.7% to €69.54 and the company plans to release findings of its strategic review later in the year. 

Curry Plc declined 9.5% to 48.36 pence after the British electronics retail chain reported lower sales and a decline in comparable sales in the financial year ending on April 29. 

Revenue in fiscal year declined 6% to £9.5 billion and comparable sales from a year ago fell 7%. 

The company swung to a loss of (£481) million from a profit of £71 million and diluted earnings per share was (43.6) pence from 6.3 pence a year ago. 

Avation Plc declined 6.5% to 114.55 pence after the commercial passenger aircraft leasing company said revenue in the fiscal year ending in June was about $90 million. 

Hunting Plc soared 21.7% to 242.50 pence after the oil field servicing company reported profit in the first quarter jumped more than threefold. 

Man Group Plc increased 1.5% to 221.40 pence after the UK-based hedge fund manager acquired a controlling interest in the US-based private credit manager Varagon Capital Partners for $183 million.