Market Updates
Europe Movers: Berkeley Group, Bodycote, HelloFresh, Salzgitter, Vodafone, Vonovia
Inga Muller
15 Mar, 2024
Frankfurt
European stock market indexes traded at new intra-day highs and the German benchmark index gained for the fifth week in a row.
The DAX index increased by 0.3% to 17,991.01, the CAC-40 index rose by 0.3% to 8,188.55, and the FTSE 100 index inched higher by 0.102% to 7,745.08.
For the week, the DAX index gained 1.7%, the CAC-40 index advanced 2.4%, and the FTSE 100 index inched up 1.3%.
Vodafone Group jumped 4.2% to 68.81 pence after the UK-based multinational telecom company agreed to sell Vodafone Italy to Swisscom for an enterprise value of €8 billion.
Berkeley Group PLC gained 0.2% to 4,686.0 pence after the UK-based home builder reiterated its annual pre-tax profit outlook.
Scottish Mortgage Investment Trust jumped 3.2% to 806.75 pence after the company's board approved the stock buyback program of £1 billion over the next two years.
Bodycote PLC jumped 4.8% to 661.50 pence after the thermal processing company reported an increase in profit and launched a £60 million stock repurchase plan.
Salzgitter AG decreased 1.9% to €23.30 after the German specialty steel company reported a decline in its annual profit because of lower steel prices and challenging macroeconomic conditions.
HelloFresh soared 10.2% to €7.43 after the meal-kit delivery company reported a less-than-expected 6.6% decline in its active customer base in the fourth quarter.
Last week, the company issued its second profit warning in six months.
Vonovia SE declined 6.2% to €25.15 after the German real estate company reported a record annual loss in 2023.
Annual Returns
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Earnings
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