Market Updates
Europe Movers: Babcock International, Capgemini, EssilorLuxottica, Hermes, Mercedes Benz
Inga Muller
26 Jul, 2024
Frankfurt
European markets extended weekly gains as investors reviewed the latest quarterly results from Hermes, EssilorLuxottica, Babcock International, and Mercedes Benz.
The DAX index increased by 0.5% to 18,384.67; the CAC-40 index rose by 0.9% to 7,493.91; and the FTSE 100 index advanced by 0.8% to 8,253.60.
For the week, the DAX index gained 0.7%, the CAC 40 index fell 1.2%, and the FTSE 100 index advanced 1.4%.
The yield on 10-year German bonds edged higher to 2.44%, French bonds inched higher to 3.13%, the UK gilts inched higher to 4.12%, and Italian bonds increased to 3.79%.
Hermes International SCA rose 2.9% to €2,066.0 after the French luxury goods maker said sales increased 13% in the second quarter, defying weak results from its peers.
Babcock International soared 8.3% to 529.0 pence after the defense and aerospace company reported stronger-than-expected fiscal 2024 results.
EssilorLuxottica jumped 8.3% to €208.90, and the Italian eyewear company reported better-than-expected first-half results.
Capgemini SE declined 6.5% to €181.15 after the information technology service company revised its annual revenue outlook.
The company estimated annual revenue to range between a decline of 0.5% and 1.5% from the previous estimate of an increase between zero and 3%.
Mercedes-Benz Group was nearly unchanged at €62.95 after the German luxury vehicle maker lowered its annual profit outlook for its core passenger car unit.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|