Europe Movers: Ashtead Group, Centrica, Delivery Hero, TeamViewer, Volkswagen

Inga Muller
10 Dec, 2024
Frankfurt

European markets traded sideways as investors awaited rate decisions from the European Central Bank on Thursday. 

November's consumer price inflation in Germany rebounded but dropped to nearly a four-year low in Norway. 

The DAX index decreased by 0.2% to 20,318.38; the CAC-40 index fell by 0.6% to 7,435.80; and the FTSE 100 index inched lower by 0.6% to 8,300.01.

The yield on 10-year German bonds edged higher to 2.12%, French bonds inched down to 2.85%, the UK gilts increased to 4.30%, and Italian bonds increased to 3.20%.

Delivery Hero SE plunged 10.2% to €31.92 after the Germany-based delivery company's Middle Eastern unit Talabat completed its initial public offering and commenced trading in Dubai. 

The United Arab Emirates' largest public offering in 2024 was priced at 1.60 dirham and advanced 6% to 1.70 dirham in trading. 

Delivery Hero sold a 20% stake in the company and raised about €1.9 billion. 

Volkswagen AG increased 1.3% to €88.25, and the company and workers' union agreed to extend talks to agree on a framework for plant closures. 

TeamViewer SE declined 12.7% to €10.99, and the German remote access and support software developer agreed to acquire the UK-based 1E for an enterprise value of $720 million.

Centrica PLC decreased 0.2% to 131.10 pence after the parent company of British Gas expanded its stock repurchase plan by £300 million to £1.5 billion. 

Ashtead Group declined 12.5% to 5,489.59 pence after the equipment rental company said it plans to move its stock listing to New York from London. 

FirstGroup plc increased 4% to 160.30 pence after the company agreed to acquire RATP London from RATP Developpement for an enterprise value of £90 million.