Movers: John Wood, Nestle, Novo Nordisk, Wizz Air

Inga Muller
04 Sep, 2023
New York City

Market indexes in London, Paris and Frankfurt advanced after the U.S. economy added  moderate level of jobs, indicating that the economy is slowing but more likely to avoid a recession .

The DAX index increased 0.5% to 15,913.85, the CAC-40 index rose 0.5% to 7,334.16 and the FTSE 100 index advanced 0.5% to 7,498.0

Novo Nordisk AS advanced 1.4% to DKK 1,317.60 after the Danish drug maker launched its popular weight loss treatment Wegovy in the U.K. 

Wizz Air Holdings Plc jumped 0.9% to 2,220.0 pence after the budget airline released its passenger data in August. 

John Wood Plc jumped 0.3% to 156.80 pence after the company signed a partnership deal with Harbour Energy. 

Under the new agreement, Wood will provide engineering, procurement and construction and operations and maintenance services, for a number of Harbour's offshore North Sea assets critical to UK energy security for $3300 million.   

Base metal mining companies advanced after iron ore prices rose on hopes that the latest China stimulus measures will revive demand. 

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

Nestle SA decreased 0.08% to CHF 105.38 after the Swiss food and beverage company announced its plan to divest its peanut allergy treatment business Palforzia to Stallergenes Gree. 

Nestle said it will receive milestone and royalty payments from the the U.K. based allergy diagnosis and treatment company. 

Nestle acquired the parent of Palforzia, Aimmune Therapeutics,  in 2020 for $2.6 billion and earlier this year the company took a one time impairment charge of $2.1 billion related to the allergy business.