Europe Movers: Anglo America, BHP, Barclays, Dassault, Delivery Hero, Pernod Ricard, Persimmon, Hellofresh, Nestle, Unilever

Inga Muller
25 Apr, 2024
Frankfurt

European markets lacked direction, and resource stocks advanced after BHP Group offered to acquire Anglo American in a mega mining deal. 

The DAX index decreased by 0.6% to 17,980.58; the CAC-40 index fell by 0.5% to 8,048.04; and the FTSE 100 index inched higher by 0.7% to a new intraday record high of 8,094.60. 

The yield on 10-year German bonds edged up to 2.57%; French bonds inched higher to 3.07%; the UK gilts edged higher to 4.32%; and Italian bonds inched higher to 3.92%.

Anglo American plc soared 12.9% to 2,491.50 pence after the company received a takeover proposal from the rival BHP Group for £31 billion. 

BHP Group declined 2.9% to 2,295.0 pence. 

Nestle SA decreased 3.4% to CHF 90.78 after the Swiss food and beverage maker missed its organic sales growth estimates in the first quarter. 

Unilever plc rose 4.5% to 4,064.0 pence after the consumer products company reported better-than-expected quarterly sales and reiterated its full-year sales growth estimate between 3% and 5%. 

Hellofresh SE increased 3.8% to €7.0 after the meal-kit provider reiterated its fiscal year 2024 outlook. 

Delivery Hero soared 9% to €31.55 after the food delivery company reported strong first-quarter results and confirmed its fiscal year 2024 annual outlook. 

Pernod Ricard declined 3.3% to €140.25 after the French wine and spirit maker reported weaker-than-anticipated fiscal third quarter sales. 

Dassault Systemes decreased 5% to €37.0 despite the defense and aviation company reporting strong first-quarter results and confirming its full-year outlook. 

Barclays PLC rose 5.4% to 200.85 pence after the UK-based financial services provider suffered a smaller-than-expected fall in profit in the first quarter. 

Persimmon plc increased 0.5% to 1,298.50 pence after the UK-based homebuilder reiterated its annual home construction target.