Market Updates
Europe Movers: BBVA, Diageo, Delivery Hero, Hapag Llyod, Hill & Smith, WPP
Inga Muller
30 Jan, 2024
Frankfurt
European market indexes in France and Germany traded at new highs, and the eurozone economy stalled in the fourth quarter, barely avoiding a technical recession.
The DAX index increased 0.1% to 16,962.54, the CAC-40 index rose 0.3% to 7,665.48, and the FTSE 100 index inched higher by 0.6% to 7,674.69.
The yield on 10-year German bonds edged down to 2.24%; French bonds inched higher to 2.74%; the UK gilts edged lower to 3.87%; and Italian bonds inched lower to 3.75%.
BBVA increased 4.1% to €8.45 after the Spanish financial services provider posted strong fourth-quarter results and announced a stock repurchase plan of €781 million.
Hapag Lloyd declined 8.4% to €141.70 after the German shipping company's operating earnings declined 92% in the fourth quarter because of a lower freight rate reflecting the normalization of global supply chains from pandemic-era disruptions.
Diageo plc declined 3.5% to 2,749.0 pence after sales in the first half declined and profit fell by more than 10% after demand for expensive spirits eased in Latin America and the Caribbean region.
WPP PLC jumped 1.5% to 792.24 pence after the advertising agency upgraded its medium-term financial targets.
Hill & Smith PLC added 1.8% to 1,863.40 pence, and the infrastructure products company appointed a new chief operating officer.
Delivery Hero SE plunged 6.7% to €21.03 after the company said it plans to sell a stake in Deliveroo as consumer demand falters.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|