Market Updates
Europe Movers: BP, Fresnillo, HSBC, JD Sports, TeamViewer
Inga Muller
01 Aug, 2023
Frankfurt
The DAX index decreased 0.9% to 16,307.85, the CAC-40 index fell 0.9% to 7,433.94 and the FTSE 100 index declined 0.3% to 7,680.95.
JD Sports Fashion Plc declined 2.5% to 153.60 pence after the U.K.'s Competition and Markets Authority said the retailer and Leicester City Football Club broke competition law
HSBC Holdings Plc increased 1.1% to 654 pence and the UK and Kong-based bank said second quarter profit increased 12% to $6.64 billion from $5.49 billion a year ago, ahead of market expectations on higher interest rates.
Revenue rose 37% to $16.7 billion in the second quarter and net interest income advanced 35% to $9.31 billion.
The bank announced its plan to pay a quarterly dividend of 10 U.S. cents and announced stock buyback of $2 billion.
The bank resumed paying quarterly dividends in the first quarter, following the suspension of dividend payment in 2020.
“We have delivered a strong first half performance and are confident of achieving our revised mid-teens return on tangible equity target in 2023 and 2024,” CEO Noel Quinn said in a stock exchange filing.
Fresnillo Plc declined 3.5% 596.50 pence after the silver mining company forecasted weaker-than-expected 2023 outlook.
BP Plc rose 1.7% to 491.38 pence after the energy company hiked its quarterly dividend.
TeamViewer SE soared 7.4% to €16.59 after the software company reported higher earnings in the second quarter supported by higher sales and lower financing costs.
Annual Returns
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Earnings
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