Market Updates
Europe Movers: Curry, DS Smith, HelloFresh, Informa, Mondi
Inga Muller
08 Mar, 2024
Frankfurt
The DAX index decreased by 0.05% to 17,833.07, the CAC-40 index rose by 0.2% to 8,032.07, and the FTSE 100 index inched lower by 0.3% to 7,668.35.
For the week, the DAX index increased by 0.5%, the CAC-40 index advanced by 1.2%, but the FTSE 100 index fell 0.3%.
The yield on 10-year German bonds edged down to 2.26%; French bonds inched lower to 2.71%; the UK gilts edged lower to 3.96%; and Italian bonds inched lower to 3.59%.
Mondi plc decreased 2.2% to 1,350.50 pence after the UK-based paper company agreed to acquire its smaller rival DS Smith for £5.14 billion.
DS Smith stock soared 5.6% to 344.30 pence.
Informa gained 0.4% to 808.60 pence after the UK-based information services provider and business-to-business trade show manager said organic revenue increased 30% in 2023.
HelloFresh SE plunged 42% to €6.80 after the German meal-kit provider cut its core earnings outlook for the second time in five months and withdrew its half-year targets.
Currys PLC fell 1.8% to 64.35 pence after the UK-based electronics retailer confirmed the sale of its operations in Greece and Cyprus for £156 million.
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