Europe Movers: Close Brothers, Deutz, Fraport, SThree, Thyssenkrupp, Trustpilot, Unilever

Inga Muller
19 Mar, 2024
Frankfurt

Benchmark indexes in Europe trade in a tight range as investors await rate decisions from the Bank of England and the U.S. Federal Reserve later in the week. 

The DAX index increased by 0.2% to 17,956.85, the CAC-40 index rose by 0.2% to 8,163.73, and the FTSE 100 index inched lower by 0.01% to 7,721.61.

The yield on 10-year German bonds edged down to 2.43%; French bonds inched lower to 2.87%; the UK gilts edged lower to 4.08%; and Italian bonds inched lower to 3.67%.

Thyssenkrupp AG declined 0.6% to €4.80 after the German industrial conglomerate said that the company is exploring alternatives for its Marine Systems business with the private equity group Carlyle. 

Deutz AG rose 0.9% to €5.89 after the engine maker reported record earnings, which were in line with market expectations. 

The company delivered 186,718 engines, and fiscal year 2023 revenue increased to 9% of €2.1 billion and an adjusted EBIT of €120.4 million. 

The company guided fiscal year 2024 revenue to fall between €1.9 billion and €2.1 billion and adjusted its EBIT margin between 5.0% and 6.5%. 

Fraport Frankfurt Airport Services decreased 5% to €49.19 after the airport operator reported weaker-than-expected fourth quarter operating earnings and the company's 2024 outlook fell below market expectations. 

Close Brothers Group soared 7.2% to 358.80 pence after the financial services company announced its plans to raise £400 million to strengthen its balance sheet. 

Trustpilot Group gained 2.4% to 210.0 pence after the business review platform reported a narrower loss in the latest fiscal year, driven by improved sales. 

Unilever plc increased 2.8% to 3,925.0 pence after the food products company plans to separate its ice cream division and implement a productivity improvement program. 

SThree fell 2.2% to 415.0 pence after the recruitment company said the job market was challenging in the first two months of 2024.