Europe Movers: Aegon, Airbus, Daimler Truck, ITV, Rheinmetall, Rightmove, Sixt, Vallourec

Inga Muller
01 Mar, 2024
Frankfurt

European stock markets traded at or near record highs as investors shifted focus to corporate results and overlooked ongoing interest rate uncertainties. 

The DAX index increased by 0.6% to 17,786.77, the CAC-40 index gained by 0.2% to 7,939.67, and the FTSE 100 index inched higher by 0.7% to 7,686.21.

For the week, the DAX index advanced 1.8%, the CAC 40 decreased 0.4%, and the FTSE 100 index dropped 0.5%. 

Aegon NV decreased 3.9% to €5.33 after the Dutch insurance company reported a net loss of €199 million in the full year 2023. 

Rheinmetall AG added 1.7% to €430.90, and the aerospace and defense company won an additional order to supply Skynex defense systems. 

Sixt SE increased 2.9% to €89.15, and the German rental car company estimated a positive outlook for full-year revenue and earnings after reporting mixed quarterly results. 

Airbus SE gained 0.2% to €153.22 after the aerospace company announced 40 firm helicopter orders and 155 commitments at the Heli-expo 2024 held in California. 

Vallourec SA decreased 4.3% to €13.43, despite the French maker of tubular products reporting higher fourth-quarter profit than a year ago. 

ITV plc soared 14.3% to 63.90 pence after the British media company sold its 50% stake in the joint venture Britbox to its partner BBC Studios for £255 million. 

Rightmove declined 3.4% to 549.40 pence after the UK-based property listing platform estimated 2024 revenue growth between 7% and 9%. 

Daimler Truck soared 14.4% to €43.22 after the company reported annual 2023 profit exceeded expectations and announced a stock buyback program and increased its dividend. 

Home builders in the UK rose after home prices in the UK rose for the first time in February by 1.2% after declining eleven months in a row. 

Barratt Developments rose 0.6% to 469.40 pence and Taylor Wimpey advanced 0.3% to 138.30 pence.