Europe Movers: London Stock Exchange, Persimmon, Standard Chartered, Stellantis

Inga Muller
02 May, 2025
Frankfurt

Stellantis plunged 1.9% to €8.14 after the parent company of Fiat reported first-quarter 2025 results.

Revenue declined 14% to €35.8 billion from €41.7 billion from a year ago, primarily due to lower shipment volumes, as well as an unfavorable mix and pricing.

Shipments amounted to 1,217 thousand units, a decrease of 9% from the prior year, reflecting lower North American production.

The total new vehicle inventory of 1.2 million units on March 31 was broadly in line with December 31.

The company approved a dividend of 68 cents per share, payable on May 5, but suspended its 2025 financial guidance due to tariff-related uncertainties.

“North America is at a very early stage, with improvement in retail order intake, while we are seeing sequential improvement in EU30 market share,” Stellantis said in a release to investors.

London Stock Exchange Group plc slipped 2% to 11.390 pence after the stock exchange operator and data analytics company reported a first-quarter trading update.

Total income, including recoveries, increased 7.9% to £2.35 billion from £2.18 billion, and gross profit jumped 8.1% to £2.05 billion from £1.89 billion a year ago.

The company announced its plan to return £500 million to shareholders via a share buyback, and at the end of April,  and acquired £245 million worth of shares under the program.

The company guided fiscal 2025 total income excluding recoveries to grow between 6.5% and 7.5% in constant currency, including an acceleration in data and analytics and more normalized growth at Tradeweb.

The company also estimated free cash flow of at least £2.4 billion in 2025.

Persimmon plc advanced 3.6% to 1,341.50 pence after the UK-based home builder reported preliminary first-quarter 2025 results.

The company’s sales increased 17% to £1.68 billion from £1.43 billion a year ago, with an average selling price increased 4% from a year ago to £293,300.

The company sold a total of 9,781 homes in the quarter, an increase of 7% compared to 9,141 homes a year ago.

“We continue to have good planning success with 2,781 plots achieving detailed or reserved matters approval in the first quarter, compared to 1,457 plots in 2024, supporting our outlet growth ambition,” the company said in a release to investors.

The company estimated full-year home completions to range between 11,000 and 11,500 homes, with over half of the private homes and almost all of the housing association homes already secured.

Standard Chartered plc advanced 1.8% to 1,095.50 pence after the UK-based bank reported first-quarter 2025 results.

Net interest income edged up to $1.58 billion from $1.57 billion, profit jumped to $1.59 billion from $1.40 billion, and diluted earnings per share climbed to 55.1 pence from 45.4 pence a year ago.

The company guided operating income to increase between 5% and 7% over the four years to 2026, but 2025 growth is expected to be below the estimated range.

Operating expenses are expected to be below $12.3 billion in 2026, including the UK bank levy and the ongoing impact of the deposit insurance reclassification.