Global Markets

European Movers: Fraport (FRA GY) +3.5%, Kone (KNEBV FH) +0.7%, STMicroelectonics (STMPA FP) -0.7%, Close Brothers (CBG LN) -0.8%, Travis Perkins (TPK LN) -1.4%

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Close Brothers (CBG LN) - H1 2026 (GBP): Adj. Operating Profit 65.2mln (prev. 80.5mln Y/Y), RoTE 6.3% (prev. 8.7% Y/Y), raises cost saving target to around GBP 25mln (prev. guided around GBP 20mln) and cutting jobs by around 600 by the end of 2027. (Close Brothers) Fraport (FRA GY) - FY2025 (EUR): Net Income 468.1mln (prev. 501.9mln Y/Y), EBITDA 1.44bln (prev. 1.30bln Y/Y), sees 2026 EBITDA around EUR 1.5bln and net profit to decline. (Fraport)Kone (KNEBV FH) - Co. is in talks to buy TK Elevator, which is a private equity-owned elevator maker, Bloomberg reports citing sources. Kone is working with advisors on a potential cash and stock deal, with TK Elevator's owners seeking a valuation as much as EUR 25bln. (Bloomberg)STMicroelectronics (STMPA FP) - STMicroelectronics said it is integrating robotics components into the Nvidia (NVDA) Holoscan Sensor Bridge reference set and adding high-fidelity component models to Nvidia Isaac Sim. (STMicroelectronics)Travis Perkins (TPK LN) - FY2025 (GBP): Revenue 4.57bln (prev. 4.61bln Y/Y), Adj. Operating Profit 133mln (prev. 152mln Y/Y), the Board is recommending a FY dividend of 12p/shr (prev. 14.5p/shr). The trading environment since the start of the year has remained subdued, reflecting a continuation of the weak UK construction activity figures. (Travis Perkins)

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