Shares in the Spanish utility fell after its first-half profit surge was revealed to be driven by a major asset sale, while the company also announced a €5 billion deal to acquire Finland's largest electricity distributor.
European equities edged lower on Wednesday, pressured by a sell-off in technology shares as investors await key earnings reports from U.S. tech giants and monitor geopolitical tensions in the Middle East.
Macquarie has updated its "India Best Ideas" list, adding Shree Cement, PowerGrid, and ICICI Bank, citing attractive valuations and strong growth prospects in the cement, power, and banking sectors.
Shares in UK news publisher Reach PLC fell over 20% after the company reported a sharp decline in first-half revenue, a drop in profit, and halved its interim dividend, signaling deep struggles in its digital business.
The UK publisher is a key beneficiary of a class-action lawsuit against the AI firm for using copyrighted books, providing a significant cash infusion and boosting investor confidence.
Shares of the Spanish utility fell after its first-half profit was heavily inflated by a €953 million asset sale, while a new €5 billion acquisition raised concerns about rising debt.
The UK pub operator's stock fell nearly 10% after it warned full-year profits would be below expectations, citing higher-than-anticipated costs for food, labor, and energy that overshadowed modest sales growth.
Shares of the pet healthcare company fell over 15% after its second-quarter revenue and EBITDA failed to meet analyst forecasts, with a 3% organic growth decline in North America weighing on results.
Henry Boot PLC issued a significant profit warning for fiscal 2026, citing a sharp slowdown in its land promotion business and an expected loss in its housebuilding division, sending its shares to a 52-week low.
