Why is it rising? Why is it falling? Some explanations on the unusual variations which affect shares during the day’s session on European markets. Only when they are reliable and documented: we avoid telling nonsense as much as possible. Variations are taken at the time of writing the article.
Rising
Nexus (+41%): The company specializing in software for the health sector received a buyout offer from TA Associates Management at 70 euros per share. The price currently remains slightly below the offer. This news also had a positive effect on Compugroup (+4%), a competitor.
Salzgitter (+33%): The steel manufacturer could well be bought by its second largest shareholder, GP Günter Papenburg, in collaboration with TSR Recycling. Offer details are not yet finalized. Salzgitter has been in a complicated phase for several months. The market is in difficulty.
TP ICAP Group (+5%): The British inter-dealer broker announced a 10% increase in revenue in the third quarter, supported by strong performances in its global brokerage and Liquidnet segments.
Carrefour (+1.5%): The distribution group is studying various options to increase its market valuation, including asset sales, partnerships, acquisitions and operational reorganization. Rumors also suggest the possibility of a partial or total sale if a potential buyer comes forward.
Declining
Schroders (-14%): The British asset manager highlights a record increase in its assets under management in the third quarter, despite some episodes of fund outflows due to market volatility in China. However, the company is preparing for a difficult fourth quarter due to the announced loss of institutional funds.
AmbikA (-12.5%): The Danish medical device manufacturer disappointed. Internal growth is not there. The forecasts for the entire financial year have nevertheless been met.
Boozt AB (-10%): The e-commerce company reported mixed results for the third quarter, with revenue in line with expectations but adjusted operating income lower than forecast.
Adecco Group (-10%): In the third quarter, the recruitment giant experienced an organic decline of 5% due to difficult markets in France and the United States. However, the company noted a stabilization in sales volumes and expects similar revenues and operating costs for the fourth quarter, while continuing to focus on reducing costs and improving efficiency.
Vestas Wind Systems (-9%): The Danish wind turbine maker took a more cautious approach to the end of the year, expecting to hit the bottom of its adjusted profit margin target range. The company also announced it would reduce investments in response to lower-than-expected third-quarter results and challenges in the industry.
Asos (-8%): The online fashion retailer reported a loss of £379m and a drop in revenue for its staggered financial year.
Burberry Group (-5%): The price of the British brand drops its gains yesterday when we learned that Moncler would consider a takeover bid.
Hugo Boss (-6%): The fashion group is suffering the effects of the drop in consumption, especially in China. Turnover increased by 1% but profits fell.
