STOXX 600 extends fall as Kering slumps, oil climbs
European stocks fell as Kering slumped and oil prices rose amid French political uncertainty, while cement maker Holcim raised its earnings forecast.
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European stocks fell as Kering slumped and oil prices rose amid French political uncertainty, while cement maker Holcim raised its earnings forecast.
Holcim raised its full-year recurring EBIT growth forecast to 12% following a third-quarter profit beat driven by robust demand for sustainable building materials. The company targets roughly 15 acqui
Swiss cement maker Holcim upgraded its full-year earnings guidance after Q3 recurring operating profit rose 17% to 976 million Swiss francs, beating analyst forecasts. The company attributed the stron
Holcim secured EU antitrust approval for its €1.85 billion acquisition of Xella, pledging to divest a Romanian plant to address competition concerns. The deal aims to diversify the cement maker's port
Air Liquide has initiated its first industrial-scale CO2 capture pilot using cyrocap technology at Holcim’s French facility. This modular unit targets cement sector decarbonization by pre-treating flu
Holcim expects EU antitrust approval for its €1.85 billion Xella acquisition after offering to sell its Romanian autoclaved aerated concrete business. The deal targets diversification into the Europea