WPP PLCWPP reported better-than-expected first-half profits and margins, surging 29%.
European equities finished mixed on Thursday as investors weighed corporate earnings and geopolitical developments. The pan-European Stoxx 600 edged up 0.16%, while the UK's FTSE 100 slipped 0.19%, Germany's DAX added 0.05%, and France's CAC 40 rose 0.35%. WPP shares skyrocketed 29% after the advertising group reported better-than-expected first-half profits and margins, and Diageo climbed 5.6% on a $1 billion cost-savings plan. Deutsche Telekom surged nearly 6.5% after second-quarter operating profit rose to 6.863 billion euros from 6.642 billion euros a year earlier, while Hermes International gained over 5% in Paris. On the downside, Scout24 fell nearly 7% despite higher earnings, and Siemens dropped 4.4% even as third-quarter net income grew to 2.270 billion euros.
WPP PLCWPP reported better-than-expected first-half profits and margins, surging 29%.
Diageo PLCDiageo announced a $1 billion cost-savings plan, boosting shares 5.6%.
Deutsche Telekom AGDeutsche Telekom's second-quarter operating profit rose to 6.863 billion euros from 6.642 billion euros.
Scout24 AGScout24 fell nearly 7% despite higher earnings, likely due to profit-taking or guidance.
Siemens AktiengesellschaftSiemens dropped 4.4% even as third-quarter net income grew to 2.270 billion euros, possibly due to guidance or market reaction.
Hermes International SCA
Siemens Healthineers AG