Market Updates
Europe Movers: Nordex, Novo Nordisk, Tritax, Tod's, UK Commercial Property
Inga Muller
12 Feb, 2024
Frankfurt
European markets edged higher in Monday's trading after a week of listless trading and looked forward to the release of corporate quarterly results and economic updates from the Euro Area and the UK.
The DAX index increased 0.5% to 17,004.46, the CAC-40 index rose 0.6% to 7,690.85, and the FTSE 100 index inched lower by 0.1% to 7,565.23.
The yield on 10-year German bonds edged down to 2.34%; French bonds inched lower to 2.84%; the UK gilts edged lower to 4.04%; and Italian bonds inched higher to 3.90%.
Tod's SpA soared 18% to €42.92 after the LVMH-backed private equity group Catterton announced its plans to acquire a 36% stake in the Italian luxury fashion accessories maker.
Nordex SE increased 7.9% to €10.25 after the German wind turbine maker reported 2023 sales that surpassed its own estimate.
Consolidated revenue increased to €6.5 billion, exceeding its own target range between €5.6 billion and €6.1 billion.
Novo Nordisk A/S increased 0.3% to DKK 834.60 after the controlling shareholder in the company said it plans to invest up to $7 billion by 2030.
Tritax Big Box PLC decreased 2.5% to 156.0 pence after the UK-based real estate investment trust agreed to acquire UK Commercial Property REIT Ltd.
Tritax will exchange 0.444 of its own share for one share of UKCM.
UK Commercial Property jumped 5.7% to 67.45 pence.
Annual Returns
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Earnings
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