Market Pulse - Europe
Ryanair no longer sees risk of double-digit average fare reductions
Budget carrier Ryanair said on Tuesday that it no longer sees a risk of average fares falling by double-digit percentages and that a more moderate 5% fall "looks reasonably accurate" for the all-important three months ending September.
Deutsche Bank reaches settlement with more than half of Postbank claimants
German lender Deutsche Bank has reached settlements with over half of claimants in its more than a decade-long Postbank litigation and now expects to report a €430. 0m boost to Q3 pre-tax profits.
Swiss Re H1 profits grow amid low claim levels, price rises
Reinsurance company Swiss Re said on Thursday that net profit had grown in the six months ended 30 June amid price rises and low claim levels throughout the period.
CMA cans Apple, Google app market probes ahead of new regulation
The Competition and Markets Authority (CMA) has closed its investigations into Google’s Play Store and Apple’s App Store, it announced on Wednesday, shifting its focus to the forthcoming digital markets competition regime.
China launches probe into EU dairy subsidies
China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels.
EU lowers planned tariffs on Chinese made Teslas
The European Union said on Tuesday that it will lower planned tariffs for Tesla vehicles imported to the bloc from China from 20. 8% to 9% as it announced a number of reductions to planned import duties from other Chinese electric carmakers.
Europe close: Stocks gain despite drag from Defence issues
European shares swung into positive territory on Monday after a soft start, although defence stocks weighed on a report that Germany was pausing any new military assistance for Ukraine in its war against Russia.
Europe close: Stocks trade higher following US inflation data
European stocks closed higher on Tuesday following better-than-expected inflation data Stateside.
Europe midday: Stoxx 600 on track for further losses
European stocks were mostly lower at the halfway point of trading on Tuesday, extending losses recorded in the previous session.
Europe open: Stoxx 600 higher, shrugs off yesterday's losses
European stocks were higher early on Tuesday after most indices wrapped up the previous session in the red.
Europe close: Stocks mostly lower following last week's rout
European stocks closed mostly lower on Monday following last week's turmoil.
Europe open: Stoxx 600 breaks above 500-point mark
European stocks were in the green early again on Monday as the Stoxx 600 index broke above the 500-point mark following a volatile week for global markets.
Deutsche Telekom upbeat on strong second-quarter
Deutsche Telekom has reported a strong second quarter on Thursday, continuing its steady growth trajectory.
Siemens Energy posts Q3 profit, hikes FY free cash flow guidance
German gas and power business Siemens Energy upped its free cash flow guidance for the second time in three months on Wednesday amid stronger demand for its power grid technology and gas turbines.
Commerzbank plans big share buyback despite profit dip
Commerzbank, Germany's second-largest listed bank, announced a 4. 8% decline in second-quarter net profit on Wednesday, reporting earnings of €538m compared to €565m in the same period last year.
Maersk upgrades guidance after strong second quarter
Maersk reported a significant improvement in its second-quarter financial performance on Wednesday, driven by strong volume growth across all of its business segments.
Eurozone construction downturn worsens further in July due to housing
An already deep downturn in euro area construction intensified slightly more last month, the results of a survey revealed.
BioNTech losses more-than-quadruple in second quarter
German pharmaceutical company BioNTech reported a sharp increase in losses for its second quarter on Monday, as it pivoted away from its Covid-19 vaccine business towards cancer drug development.
Kosmos Energy reports strong second-quarter production
Kosmos Energy reported net income of $60m for its second quarter on Monday, translating to 12 cents per diluted share, while on an adjusted basis, its net income reached $80m, or 17 cents per diluted share.
Europe open: Stocks sharply lower as global selloff continues
European shares were sharply lower again as markets opened on Monday after last week's US manufacturing and payrolls data reignited recession fears and sparked a global selloff.