Among European banks reporting on 29 October, Societe Generale lifted third-quarter group net income 24.1% to €1.89 billion, which the French bank called a record, as revenue outpaced almost flat costs. ING, the Amsterdam-listed bank, reported third-quarter net result up 3.5% the same day. For Societe Generale shareholders, nine-month return on tangible equity reached 12.3%,…
Frankfurt rose 0.44% to lead a split European board on Wednesday, while a Brazil-driven slide in Santander pulled Madrid 1.45% lower and London took the Healey budget in stride. Earnings did the day’s sorting: in The Edge’s reading, results that rewarded Deutsche Bank and punished Santander moved the continent’s markets, while the budget’s clearest mark…
BNP Paribas lifted third-quarter net income 13.5% to €3.46 billion on Wednesday, and UBS, Santander, Deutsche Bank and Standard Chartered also reported higher profit on their own headline measures. In The Edge’s reading, wealth and markets businesses supplied much of the growth at UBS and Standard Chartered, and the corporate and institutional bank at BNP…
Milan’s FTSE MIB rose 0.90 percent to 49,627.95 on Tuesday, a third straight gain at the top of a European board that closed eight of its nine indices higher, on our count. Basic resources climbed 2.08 percent and technology 1.99 percent to lead the Stoxx sectors, while London’s FTSE 100 fell 0.75 percent, the lone…
The nine European indices we track all closed higher on Monday. Milan’s FTSE MIB rose 1.29 percent to lead the session, Frankfurt’s DAX added 0.91 percent after a stronger-than-expected Ifo survey, and the Stoxx Europe 600 rose 0.77 percent to 640.66, ending two straight declines, at the start of a week in which the Federal…
France’s Ministry of the Economy and Finance said on 23 October that Moody’s had kept the country’s sovereign rating at Aa3 with a negative outlook. The ministry’s statement came after the EU statistics office put French public debt at 119.1 percent of GDP at the end of June, in figures released on 21 October. In…
The oil and gas group rose 2.99 percent on Friday, the only gainer among the eight Stoxx supersectors we track, on a day United States crude topped 100 dollars a barrel on renewed concern that the United States-Iran conflict will flare again, per CNBC’s report. The Stoxx Europe 600 slipped 0.31 percent to 635.77, a…
L’Oréal’s sales reached 35.33 billion euros in the nine months to 30 September 2026, up 6.9 percent like-for-like and 7.7 percent as reported. The third quarter alone brought in 11,561.4 million euros. On the group’s adjusted like-for-like measure, which strips out the timing of its IT transformation, growth quickened to 7.7 percent from 6.3 percent…
Hermès lifted third-quarter sales 5.5 percent as reported, to 4,096 million euros. Kering’s revenue was stable as reported at 3,345 million euros, while Gucci shrank 4 percent. Both groups reported on 22 October 2026, the same day as Prada. Moncler reported on 21 October and LVMH on 12 October. On our reading, the five releases…
Milan’s FTSE MIB fell 2.54 percent on Thursday, the deepest decline on a day when all nine European indices we track closed lower. Banks and miners fell hardest among the sectors, down 3.54 and 3.89 percent, while health care rose 2.07 percent. The retreat completed a clean sweep across our coverage: every index we published…