European Movers: Mondi (MNDI LN) +13%, Schneider Electric (SU FP) +7%, Rolls-Royce (RR/ LN) +6%, Adidas (ADS GY) -15%, Rentokil Initial (RTO LN) -15%
European markets reacted sharply to H1 results. Schneider and Rolls-Royce surged on major profit beats, while Adidas and Rentokil plunged 15% following disappointing profit metrics and underwhelming organic growth.
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Adidas (ADS GY) -15%: Net/operating profit missed expectations; maintains FY view. Schneider Electric (SU FP) +7%: Large FY raise, beats on Q2 figures Rolls-Royce (RR/ LN) +6%: Strong H1 results and guide. Shell (SHEL LN) +1.5%: Strong profits, benefitting from higher oil prices Airbus (AIR FP) -2%: Strong results but fails to lift guidance. L'Oreal (OR FP) +1%: Q2 sales beat exp.; upbeat components North Asia +14.5%. Stellantis (STLAM IM/STLAP FP) -8%: H1 adj. op. profit underwhelms. Sanofi (SAN FP) -2.5%: Upgrades FY Rev. outlook but other metrics underwhelming. ING (ING NA) +1%: Strong NII, Raises FY guide. Mondi (MNDI LN) +13%: Revenue resilient, margins better than feared Rentokil Initial (RTO LN) -15%: H1 metrics underwhelm, affirms guide
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