Why is it rising? Why is it decreasing? 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
Mears Group (+7%): The housing and social care service provider has secured a new £12m deal and reported 2024 financial results will be slightly better than current market expectations. Mears also said he was increasingly confident for 2025.
Teleperformance (+5%): The specialist in customer relationship outsourcing is supported by positive comments from Morgan Stanley, which raised its price target on the value from 147 to 150 euros.
Declining
B&M European Value Retail (-12%): The retailer reports an increase of 2.8% in its turnover in the third quarter with a slowdown at its subsidiary Heron Foods. Profit forecasts are reduced. EBITDA is now expected to be between £620m and £650m.
Greggs (-10%): The Newcastle-based bakery chain confirmed its annual guidance despite a slowdown in sales growth in the fourth quarter. Total sales increased 7.7%, compared to 11% in the previous quarter. Growth was modest, however, at just 2.5% in comparable sales at company-run stores, reflecting lower footfall on high streets.
-Hapag-Lloyd / Ap Moller Maersk (-7% / -6%): Container ship operators are under pressure in the wake of rumors that emerged yesterday about Donald Trump’s desire to erect significant customs barriers to entry into the United States.
VAT Group (-5%): The vacuum pump equipment manufacturer reported mixed 2024 figures, with sales growth of 6.4% to 942 million francs, but order intake below expectations.
Lufthansa (-3%): The airline was downgraded by JP Morgan, which placed the company under “Negative Catalyst Watch” and lowered its price target from 5.50 to 5.00 euros. The broker anticipates disappointing quarterly results for March 2025.
TFF Group (-3%): The group specializing in the manufacture of oak barrels for wine production disappointed with half-year figures lower than expectations. Net profit was down 42% to 22.7 million euros.
