Market Pulse - Europe
Ryanair blames Boeing as it revises down passenger forecasts
Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.
Danone confident after reporting rise in full-year sales
French food multinational Danone reported a 7% jump in full-year net sales on a like-for-like basis in its 2023 results on Thursday, to €27. 62bn.
German economy now likely in recession - Bundesbank
Germany's Bundesbank warned on Monday that Europe's largest economy was now likely in recession, with external demand weak, consumers remaining cautious, and domestic investment being held back by high borrowing costs.
Commerzbank posts strongest performance in 15 years
German banking giant Commerzbank reported its strongest financial performance in 15 years on Thursday, buoyed by a significant increase in net profit driven by high interest rates.
Airbus proposes special dividend, reports strong FY earnings
Aerospace corporation Airbus declared a special dividend on Thursday as it detailed a strong set of full-year results, with order intake and adjusted underlying earnings both increasing in the twelve months ended 31 December.
Continental to cut 7,150 jobs amid global EV transition
German automotive supplier Continental revealed plans to cut 7,150 jobs worldwide by 2025 on Wednesday.
Eurozone industrial output rises unexpectedly, employment holds steady
Eurozone manufacturing rose unexpectedly in December, according to fresh data released on Wednesday, suggesting a revitalisation of industrial output alongside stable employment growth.
Societe Generale confident despite fall in full-year revenue
French banking giant Societe Generale reported full-year revenue of €25. 1bn in its results on Thursday, down 7. 6% year-on-year.
Eurozone retail sales fall 1.1% in December
Eurozone retail sales fell 1. 1% month-on-month in December, according to European Union statistics agency Eurostat, capping off a tough twelve months for consumers.
Novartis to take over MorphoSys in EUR 2.7bn deal, shares jump
Shares in German oncology biopharmaceutical specialist MorphoSys were surging on Tuesday morning, after Swiss pharma giant Novartis announced a deal to acquire it overnight.
Eurozone composite PMI hits six-month high
The Eurozone economy hinted at early indications of recovery during January, according to Hamburg Commercial Bank and S&P Global, with growing inflationary pressures boosting the European Central Bank's case for holding interest rates steady at their current record highs.
Eurozone inflation moves lower in January, despite jump in food prices
Eurozone inflation cooled a tad less than expected at the start of 2024.