Market Updates
Europe Movers: Douglas AG, Serco Group, Skanska, SoftwareOne, Stellantis
Inga Muller
19 Dec, 2024
Frankfurt
Stock market indexes in Europe dropped more than 1% following losses on Wall Street after Fed's hawkish outlook dented investor enthusiasm.
The DAX index decreased by 1.3% to 19,989.92; the CAC-40 index fell by 1.7% to 7,262.49; and the FTSE 100 index inched lower by 1.4% to 8,087.72.
The yield on 10-year German bonds edged higher to 2.29%, French bonds inched up to 3.11%, the UK gilts increased to 4.60%, and Italian bonds increased to 3.48%.
Skanska AB declined 1.3% to SEK 231.0 after the Swedish construction company divested its multifamily rental company, C. F. Mollers Have, in Denmark.
Stellantis NV decreased 1.3% to €12.57 after the Italian vehicle maker reported a decline in sales in November.
Serco Group plc rose 7.5% to 149.10 pence after the security services provider estimated full-year revenue of £4.8 billion, reiterating its previous guidance.
SoftwareOne Holding AG jumped 10.9% to CHF 6.50 after the Swiss cloud service and cyber security services provider announced a deal to acquire Crayon Group Holding for $1.4 billion.
The proposed merger plan values Crayon at NOK 172.5 per share, offering a mix of NOK 69 in cash and 0.8233 shares of SoftwareOne for each Crayon share held.
The merged company is estimated to generate an annual revenue of CHF 1.6 billion and an adjusted operating earnings of CHF 334 million, before the estimated synergies.
Douglas AG declined 2% to €19.25, despite the German cosmetic company reporting a turnaround to net profit in the fiscal fourth quarter.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|