Market Updates
Europe Movers: Alstom, Imperial Brands, RM Plc, SMA Solar, Thales
Inga Muller
05 Oct, 2023
Frankfurt
European market indexes traded higher but lacked direction amid economic growth worries and rising bond yields.
The DAX index decreased 0.03% to 15,093.02, the CAC-40 index fell 0.04% to 6,994.09 and the FTSE 100 index rose 0.5% to 7,449.10.
The yield on 10-year German bonds increased to 2.94%, French bonds traded higher to 3.52%, the UK gilts edged up to 4.64% and Italian bonds rose to 4.93%.
Imperial Bands Plc rose 3.8% to 1,640.50 pence after the cigarettes maker reaffirmed annual outlook and announced a $1.3 billion of stock repurchase plan.
RM plc soared 0..7% to 59.40 pence after the supplier of technology to education sector agreed to sell its intellectual property for $2.2 million to Hilco Streambank.
Thales SA decreased 0.3% to €128.25 after the defense technology company signed a contract with Polska Grupa Zbrojeniowa, a Polish arms holding company, for the delivery of multiple combat systems for the Polish Navy.
Nordex SE 1.7% to €10.13 after the wind energy company received an order for 45 MW wind turbines from Enerfin, a renewable energy division of Elecnor Group, the Spanish engineering company.
Alstom SA plunged 37% to €13.54 after the rail transportation company lowered its free cash flow target because of higher production costs and delays in new orders.
SMA Solar Technology AG rose 10% to €61.60 after the company lifted its annual outlook citing improvements in its large scale and commercial divisions.
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