Global Markets

Additional European Equity News - 19th August 2026

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Carlsberg raised profit guidance despite volume misses, while ING and Volkswagen pursue significant stake adjustments. Latour showed strong H1 profit, and Smith+Nephew announced a CFO transition.

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Carlsberg (CARLB DC) - H1 2026 (DKK): Revenue 47.1bln (exp. 47.1bln), EBIT 7.45bln (exp. 7.55bln), Net Profit 4.29bln (exp. 4.3bln), Volumes 48.4mln hl (exp. 78.6mln hl). Guides FY26 Organic Operating Profit between 4-6% (exp. 5.34%, prev. guided 2-6%). CEO: "Saw sustained good progress on our key strategic priorities, with particularly strong growth for soft drinks and alcohol-free brews." (Carlsberg) ING (ING NA) - Co. reduces its stake in TMBThanachart Bank. Gross proceeds to ING from the transaction amount to approximately EUR 475mln. The transaction is expected to have a small positive impact on ING’s profit and loss account and CET1 ratio. Settlement of the transaction is expected on 21 August 2026. (ING) Latour (LATOB SS) - H1 2026 (SEK): Net Sales 13.96bln (prev. 13.98bln Y/Y), Profit after Tax 4.03bln (prev. 2.29bln Y/Y). CEO: "The industrial operations’ direct exposure to the Middle East remains limited, accounting for just under 1 per cent of turnover, primarily within Bemsiq Group, Innovalift and Nord-Lock Group." (Latour) Smith+Nephew (SN/ LN) - Co. announces that CFO Rogers is to step down on September 30th. (Smith+Nephew) Volkswagen (VOW3 GY) - Skoda CEO says the Co. is nearing an MoU with a potential Indian partner to cede majority control of its Indian unit, Economic Times reports. (Economic Times)

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