Europe Movers: Aviva, BNP Paribas, Delivery Hero, Evonik, Henkel, senior, Software One

Inga Muller
04 Mar, 2024
Frankfurt

European markets traded near record highs ahead of the interest rate decisions by the European Central Bank on Thursday.

The central bank is widely anticipated to hold rates steady and may provide insights into rate paths in the near future. 

 The DAX index increased by 0.05% to 17,786.77, the CAC-40 index gained a fraction to 7,934.74, and the FTSE 100 index inched lower by 0.3% to 7,658.12.

BNP Paribas increased 1.7% to €57.03 after the financial services company launched a €1.055 billion stock repurchase plan. 

Evonik Industries inched up 0.3% to €17.22 after the German chemical company announced plans to cut 2,000 jobs around the world by 2026 to streamline costs. 

The company offered a muted business outlook in 2024. 

Aviva decreased 0.1% to 447.20 pence after the insurance company agreed to acquire underwriting syndicate Probitas for £242 million. 

Henkel declined 4.8% to €67.04 after the chemical and German consumer products company estimated slower organic sales growth between 2% and 4% in the current year. 

Delivery Hero added 0.9% to €67.04 after the online food ordering and delivery company announced it extended its €1.1 billion loan facility by two years to August 2029 and raised a new debt of €500 million to repurchase convertible bonds and cover general corporate expenses. 

The company also reiterated the previously announced growth in gross market volume between 7% and 9% in constant currency. 

Senior Plc increased 0.1% to 159.60 pence after the aerospace parts supplier reported strong annual results for the year 2023, and met targets set by the company. 

SoftwareOne decreased 3.6% to CHF 15.97 after the company's founders terminated their negotiations with the private equity group Bain Capital to take company private.