Thu Jul 28 2022 - 19:55
Paper and packaging group, Smurfit Kappa, was one of the top stocks on the day, up 5.7 per cent to €35.90, a day after it reported a surge in profits.London BT Group was among the day’s weaker performers despite its first sales increase in five years, on the back of customer price increases. Earnings were also in line with expectations but shares closed 14.25p lower at 161.85p after the firm reported that earnings for its enterprise business fell by more than a quarter
However, Spain’s IBEX 35 index fell 0.5 per cent as the euro zone’s second-biggest lender, Santander, slipped after missing profit estimates. Milan’s main stock index jumped 2.1 per cent as upbeat results lifted carmaker Stellantis and chipmaker STMicroelectronics.