Europe Movers: Airbus, Burberry Group, Energy Stocks, Santhera Pharma, Vistry Group

Inga Muller
12 Jan, 2024
Frankfurt

European markets advanced on the final trading day of the week and extended weekly gains after choppy trading in the previous session. 

The DAX index increased 0.9% to 16,696.72, the CAC-40 index rose 1.1% to 7,469.05, and the FTSE 100 index inched higher by 0.7% to 7,629.48.

For the week, the DAX index added 0.8%, the CAC 40 index advanced 0.5%, and the FTSE 100 index edged down 0.8%. 

The yield on 10-year German bonds edged down to 2.16%; French bonds inched lower to 2.69%; the UK gilts edged down to 3.80%; and Italian bonds decreased to 3.76%.

Energy companies traded higher after crude oil prices rebounded following the U.S. and U.K. military strikes targeting Houthi rebels in Yemen.

BP plc increased 1.2% to 459.75 pence, and Shell PLC advanced 1.3% to €29.12.

Burberry Group declined 9.2% to 1,235.50 pence after the luxury fashion group issued a profit warning, citing slowing demand.

Vistry Group PLC rose 0.7% to 974.50 pence after the homebuilder said adjusted pre-tax income is likely to surpass its previous estimate and match previous-year results.

The company estimated annual adjusted pre-tax income to be higher than the previous estimate of £410 million and closer to last year's £418.4 million.

The company also guided forward-looking sales of £4.5 billion, higher than £4.0 billion in the previous year.

Airbus SE increased 2.5% to €147.42 after the aviation company reported record aviation airplane orders, driven by large orders from Air India and Indigo and additional orders by Turkish Airlines.

Airbus in 2023 delivered 735 commercial planes to 87 customers around the world, increase of 11% from 661 deliveries in 2022. 

Santhera Pharmaceuticals jumped 7.4% to CHF 9.62 after the Swiss biotech company said its product was approved by the UK's health regulator for the treatment of Duchenne muscular dystrophy patients.