Shares in Italian engineering group Maire gained after its subsidiary Tecnimont secured a €1.3 billion contract to build Latin America's largest urea fertilizer plant in Argentina.
The German investment bank raised its price target for the solar inverter maker by over 70% to €75, citing a stronger-than-expected preliminary second-quarter performance and an improved full-year forecast.
The Irish budget carrier reported a sharp decline in first-quarter earnings to €538 million, citing a surge in unhedged fuel costs and a 6% drop in average fares, prompting a cautious outlook from management.
Andy Burnham has become the UK's seventh prime minister in a decade, promising to tackle the nation's cost-of-living crisis and sluggish economic growth with a new focus on stronger public control over key services.
The Italian engineering group's stock rose after its Tecnimont subsidiary secured a major engineering, procurement, and construction contract for a large-scale urea complex in Argentina.
Shares in Arab National Bank gained over 3% after the lender reported a 6.5% rise in second-quarter net profit and declared a dividend for the first half of the year.
KPMG Australia has sanctioned seven staff members with financial penalties up to A$180,000 ($125,838) after an internal probe confirmed the 'unacceptable' misuse of confidential client information to win audit contracts.
Analysts at Kepler Cheuvreux raised their rating on Sandvik to Buy from Hold, arguing that a recent share price correction has created an attractive entry point despite mixed signals in its latest earnings report.
UK stocks fell and oil prices surged to a one-month high as sustained US airstrikes in the Gulf and Iranian retaliation heightened geopolitical risk, souring investor sentiment across European markets.
