Market Pulse - Europe
German unemployment rises more than expected in July
German unemployment rose more than expected in July, according to the Bundesagentur für Arbeit, as Germany's economy continues to struggle to recover from heightened energy costs, weak global orders and all-time high interest rates.
Heineken shares slide after first-half profit miss
Heineken shares were in the red on Monday morning, after a disappointing first-half operating profit that fell short of analyst expectations.
Mercedes-Benz Q2 earnings fall as car sales slip
German automotive giant Mercedes Benz posted a sharp fall in adjusted earnings in its car division during Q2 as it continues to struggle with model changeovers and weakened Asian trading.
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
London pre-open: Gains expected as markets react to tumultuous weekend
UK stocks are expected to rise on Monday morning as investors reacted to a flurry of market-moving news over the weekend, such as the exit of Joe Biden from the US presidential race, a reduction in interest rates in China and ongoing global IT outages.
London midday: Stocks hold lower after global IT snafu
Stocks in London were holding lower in early afternoon trading as investors digested the latest political headlines out of the US and their potential implications for the stock market.
London open: US politics, global IT glitch trip up investors
Stocks in London were trading lower in early trading as investors digested the latest political headlines out of the US and their potential implications for the stock market.
ECB keeps door open to September rate cut, but 'nothing predetermined'
Euro area monetary policy makers kept rates unchanged on Thursday while keeping the door open to a possible rate cut in September.
PensionBee announces expansion into US market
PensionBee Group announced its expansion into the United States, the world's largest defined contribution pension market, on Thursday.
Hugo Boss downgrades expectations amid China, UK weakness
Shares in German fashion house Hugo Boss were sliding on Tuesday morning, after the company downgraded its sales and earnings projections for the year amid diminished consumer demand, particularly in China and the UK.
Meta accused of breaching EU rules with new ad model
Facebook's parent company, Meta, was facing allegations from European Union regulators of breaching the bloc's strict competition rules on Monday, through its ad-supported subscription service introduced for Facebook and Instagram in Europe last year.
Vivendi settles long-running dispute with institutional investors
French media conglomerate Vivendi announced the resolution of a long-running legal dispute on Monday, concerning financial communications from the early 2000s.
Seb James stepping down as Boots managing director
Walgreens Boots Alliance announced on Monday that Sebastian James, managing director of Boots, had decided to leave the company to pursue a new role in the healthcare sector.
Air France-KLM warns of revenue pressure from Paris Olympics
Air France-KLM Group warned of revenue pressure over the summer on Monday, as a direct result of the Paris Olympic Games.