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Asia Markets

European Equities Traded in US as ADRs Rise in Thursday Trading

European equities traded in the US as American depositary receipts rose late Thursday morning with the S&P Europe Select ADR Index climbing 1.7% to 1,874.97.From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and semiconductor company Sequans Communications (SQNS), which rose 2.7% and 2.6%, respectively. They were followed by biotech firm BioNTech (BNTX) and telecommunications company Nokia (NOK), which were up 2.5% and 1.6%, respectively.The decliners from continental Europe were led by software firm SAP (SAP) and internet ad firm Criteo (CRTO), which dropped 4.1% and 0.9%, respectively. They were followed by biotech firm Evaxion (EVAX) and consumer goods company Unilever (UL), which were off 0.4% and 0.1%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which climbed 8.8% and 4%, respectively. They were followed by lender HSBC (HSBC) and biotech firm Autolus Therapeutics (AUTL), which advanced 2.8% and 2.7%, respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and software company Endava (DAVA), which fell 4.6% and 1.1%, respectively. They were followed by biopharmaceutical companies Mereo BioPharma Group (MREO) and NuCana (NCNA), which lost 0.9% and 0.8%, respectively.

$ARGX$AUTL$BDRX$BNTX$CRTO$DAVA$EVAX$HSBC$MREO$NCNA$NOK$SAP$SLN$SQNS$TRIB$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Rise for Week

European equities traded in the US as American depositary receipts were tracking lower late Friday morning, falling 0.85% to 1,882.19 on the S&P Europe Select ADR Index, which is up 0.9% for the week so far.From continental Europe, the gainers were led by internet ad firm Criteo (CRTO) and consumer goods company Unilever (UL), which rose 2.1% and 2% respectively. They were followed by biopharmaceutical companies argenx (ARGX) and Cellectis (CLLS), which were up 1.8% and 0.7% respectively.The decliners from continental Europe were led by telecommunications company Nokia (NOK) and semiconductor company Sequans Communications (SQNS), which dropped 8.3% and 7.2% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and telecommunications company Ericsson (ERIC), which lost 5.4% and 2.9% respectively.The gainers from the UK were led by biotech firm Trinity Biotech (TRIB) and alcoholic beverage company Diageo (DEO), which advanced 4.5% and 2.4% respectively. They were followed by tobacco company British American Tobacco (BTI) and educational publisher Pearson (PSO), which increased 2.1% and 1.9% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and mining company BHP Group (BHP), which lost 6.3% and 5.3% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Akari Therapeutics (AKTX), which dropped 3% and 2.2% respectively.

$AKTX$ARGX$AUTL$BHP$BTI$CLLS$CRTO$DBVT$DEO$ERIC$NOK$PSO$SLN$SQNS$TRIB$UL
Wire

Top Midday Stories: Dell Q1 Earnings Results, Guidance Top Estimates; Autodesk to Acquire MaintainX in $3.6 Billion All-Cash Deal

All three major US stock indexes were up in late-morning trading Friday, as President Donald Trump said on Truth Social that he will soon make a final determination regarding the proposed memorandum of understanding between the US and Iran.In company news, Dell Technologies (DELL) reported fiscal Q1 non-GAAP net income late Thursday of $4.86 per diluted share, up from $1.55 a year earlier and above the FactSet consensus analyst estimate of $2.96. Fiscal Q1 revenue was $43.84 billion, up from $23.38 billion a year ago and above the FactSet consensus of $35.74 billion. For fiscal Q2, the company said it expects non-GAAP EPS of $4.80 at the midpoint and revenue of $44 billion to $45 billion. Analysts polled by FactSet expect $2.99 and $35.10 billion, respectively. For fiscal 2027, Dell said it expects non-GAAP EPS of $17.90 at the midpoint on revenue of $165 billion to $169 billion. Analysts polled by FactSet expect $13.12 and $143.19 billion, respectively. Dell shares were up 29.4% around midday.Autodesk (ADSK) reported fiscal Q1 adjusted earnings late Thursday of $2.99 per diluted share, up from $2.29 a year earlier and above the FactSet consensus of $2.84. Fiscal Q1 revenue was $1.93 billion, up from $1.63 billion a year ago and above the FactSet consensus of $1.89 billion. For fiscal Q2, the company said it expects adjusted EPS of $3.10 to $3.14 on revenue of $2.00 billion to $2.02 billion. Analysts polled by FactSet expect $3.04 and $1.99 billion, respectively. For fiscal 2027, Autodesk said it expects adjusted EPS of $12.40 to $12.65 on revenue of $8.16 billion to $8.22 billion. Analysts expect $12.42 and $815 billion, respectively. Additionally, the company said late Thursday it has agreed to acquire MaintainX, a modern maintenance and operations business, in an all-cash deal valued at about $3.6 billion. Autodesk shares were down 4%.Amazon (AMZN) founder Jeff Bezos said Thursday on X that all personnel are safe and accounted for after his Blue Origin company's New Glenn rocket exploded Thursday night during a hot-fire test at a Space Force facility in Cape Canaveral, Florida. Amazon shares were down 0.5%.MongoDB (MDB) reported fiscal Q1 adjusted earnings late Thursday of $1.32 per diluted share, up from $1.00 a year earlier and above the FactSet consensus of $1.19. Fiscal Q1 revenue was $687.6 million, up from $549.0 million a year ago and above the FactSet consensus of $664.5 million. For fiscal Q2, the company said it expects adjusted EPS of $1.58 to $1.61 on revenue of $729 million to $734 million. Analysts polled by FactSet expect $1.29 and $700.5 million, respectively. For fiscal 2027, the company said it expects adjusted EPS of $5.95 to $6.14, up from its previous guidance of $5.75 to $5.93 and above the FactSet consensus of $5.92. Fiscal 2027 revenue is expected to be between $2.92 billion and $2.96 billion, above its previous guidance and the FactSet consensus of $2.90 billion. MongoDB shares were down 5.8%.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported Friday, citing sources familiar with the matter. The size of the stake, which Toms acquired in Q2, and what Toms intends to do with it, could not be determined, Reuters reported. McCormick shares were up 1.2%, while Unilever shares were down 0.4%.Price: $411.54, Change: $+94.49, Percent Change: +29.80%

$ADSK$AMZN$DELL$MDB$MKC$UL
Wire

Market Chatter: Activist Toms Capital Takes Major Stake in McCormick

Activist hedge fund Toms Capital Investment Management has built a sizable stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported Friday, citing sources familiar with the matter.The size of the stake, which Toms acquired in Q2, and what Toms intends to do with it, could not be determined, Reuters said.Toms and McCormick didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $47.64, Change: $+0.81, Percent Change: +1.73%

$MKC$UL
Wire

Unilever to Invest $270 Million in New Haven Innovation Center

Unilever (UL) said Thursday it plans to invest $270 million to develop a new Global Innovation Center in New Haven, Connecticut.The company said the artificial intelligence-powered research and development center is expected to open by spring 2029. About 300 employees are expected to work at the center, which will succeed Unilever's existing R&D facility in Trumbull, Connecticut, according to a statement.Unilever said the facility will house capabilities including skincare and cleansing research, fragrance development, packaging innovation and a human performance lab.Price: $57.40, Change: $-0.60, Percent Change: -1.04%

$UL
Wire

Market Chatter: Unilever To Build $270 Million Research Center in Connecticut

Unilever (UL) is investing $270 million to construct a research center in New Haven, Connecticut, to develop skin and hair products for US and global markets, the Wall Street Journal reported Thursday, citing Herrish Patel, president of Unilever USA.The center, the company's largest research and development infrastructure investment in the US in 40 years, is slated to open in 2029 and employ about 300 people, the report said.Unilever did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $57.47, Change: $-0.53, Percent Change: -0.92%

$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading

European equities traded in the US as American depositary receipts were tracking lower late Wednesday morning, declining 0.48% to 1,880.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by internet advertising firm Criteo (CRTO) and biopharmaceutical company argenx (ARGX), which rose 5% and 2.8% respectively. They were followed by consumer goods company Unilever (UL) and biotech firm BioNTech (BNTX), which were up 2.1% and 1.9% respectively.The decliners from continental Europe were led by telecommunications companies Ericsson (ERIC) and Nokia (NOK), which dropped 4.1% and 3.4% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and oil and gas company Eni (E), which lost 3.3% and 3% respectively.The gainers from the UK were led by biotech firm Autolus Therapeutics (AUTL) and software company Endava (DAVA), which advanced 3.7% and 3.4% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and alcoholic beverage company Diageo (DEO), which increased 3% and 2.7% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 13% and 3.2% respectively. They were followed by utilities company National Grid (NGG) and oil and gas company Shell (SHEL), which were down 2.2% and 2.1% respectively.

$AKTX$ARGX$AUTL$BNTX$BP$CRTO$DAVA$DEO$E$ERIC$NGG$NOK$SHEL$SLN$SQNS$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

European equities traded in the US as American depositary receipts opened the week on a flat note Monday morning, edging 0.08% higher to 1,835.34 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company Cellectis (CLLS), which advanced 8.1% and 6.3% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and telecommunications company Ericsson (ERIC), which increased 4.9% and 3.2% respectively.The decliners from continental Europe were led by consumer goods company Unilever (UL) and biopharmaceutical company Grifols (GRFS), which fell 1.9% and 1.3% respectively. They were followed by internet browser company Opera (OPRA) and accommodations booking site trivago (TRVG), which were down 1% each.The gainers from the UK were led by cruise line operator Carnival (CUK) and pharmaceutical company Silence Therapeutics (SLN), which rose 6.6% and 4.7% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Amarin (AMRN), which were up 3.9% and 3.4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Mereo BioPharma Group (MREO), which lost 10% and 7.3% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and software firm Endava (DAVA), which dropped 5.8% and 2.2% respectively.

$AKTX$AMRN$AUTL$BDRX$CLLS$CUK$DAVA$DBVT$ERIC$GRFS$MREO$OPRA$SLN$SQNS$TRVG$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading

European equities traded in the US as American depositary receipts were higher late Tuesday morning, rising 0.27% to 1,794.86 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by brewing firm Anheuser-Busch InBev (BUD) and medical device maker EDAP TMS (EDAP), which advanced 9% and 3% respectively. They were followed by telecommunications companies Ericsson (ERIC) and Nokia (NOK), which rose 2.5% and 2.4% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and internet advertising firm Criteo (CRTO), which shed 9.7% and 3.9% respectively. They were followed by biotech firm BioNTech (BNTX) and consumer goods company Unilever (UL), which fell 3.1% and 0.6% respectively.The gainers from the UK were led by Biodexa Pharmaceuticals (BDRX) and insurance company Prudential (PUK), which climbed 32% and 2.2% respectively. They were followed by education company Pearson (PSO) and mining company BHP Group (BHP) were up 1.8% and 1.5% respectively.The decliners from the UK and Ireland were led by lender HSBC (HSBC) and Mereo BioPharma (MREO), which fell 5% and 2.1% respectively. They were followed by Lloyds Banking Group (LYG) and software firm Endava (DAVA), which were down 1.9% each.

$BDRX$BHP$BNTX$BUD$DAVA$EDAP$ERIC$HSBC$LYG$MREO$NOK$PSO$PUK$SQNS$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Flat in Friday Trading; Gain 1.3% for Week

European equities traded in the US as American depositary receipts were trending marginally higher late Friday morning, rising 0.05% to 1,824.45 on the S&P Europe Select ADR Index, which is up 1.25% for the week so far.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and pharmaceutical company Novo Nordisk (NVO), which climbed 6.3% and 3.6% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and consumer goods company Unilever (UL), which advanced 3.3% and 3% respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and furniture maker Natuzzi (NTZ), which dropped 6% and 3.5% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and petroleum refiner Equinor (EQNR), which lost 3.3% and 2.4% respectively.The gainers from the UK were led by educational publisher Pearson (PSO) and biopharmaceutical company Akari Therapeutics (AKTX), which rose 3.2% and 2.8% respectively. They were followed by biopharmaceutical company Bicycle Therapeutics (BCYC) and cruise line operator Carnival (CUK), which were up 2.7% and 2.5% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Amarin (AMRN) and oil and gas company BP (BP), which fell 2.8% and 1.9% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and oil and gas company Shell (SHEL), which were down 1.4% and 1.2% respectively.

$AKTX$AMRN$BCYC$BDRX$BNTX$BP$CLLS$CUK$DBVT$EQNR$NOK$NTZ$NVO$PSO$SHEL$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

European equities traded in the US as American depositary receipts rose late Thursday morning, gaining 2.20% to 1,818.51 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by pharmaceutical company Novo Nordisk (NVO) and lender ING Groep (ING), which advanced 5.3% and 4.9% respectively. They were followed by biopharmaceutical firm Grifols (GRFS) and consumer goods firm Unilever (UL), which rose 3.2% and 3.1% respectively.The decliners from continental Europe were led by internet advertising firm Criteo (CRTO) and telecommunications company Nokia (NOK), which fell 3.2% and 1.9% respectively.The gainers from the UK were led by cruise line operator Carnival (CUK) and utilities company National Grid (NGG), which rose 4.8% and 3.5% respectively. They were followed by Lloyds Banking Group (LYG) and telecommunications operator Vodafone Group (VOD), which were up 2.6% and 2.3% respectively.The decliners from the UK and Ireland were led by software firm Endava (DAVA) and Bicycle Therapeutics (BCYC), which lost 5.2% and 2.3% respectively. They were followed by biopharmaceutical companies Amarin (AMRN) and Mereo BioPharma Group (MREO), which fell 1.3% and 0.9% respectively.

$AMRN$BCYC$CRTO$CUK$DAVA$GRFS$ING$LYG$MREO$NGG$NOK$NVO$UL$VOD
Sectors

Sector Update: Consumer Stocks Mixed Premarket Thursday

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1% higher.Unilever (UL) stock was up more than 1% after the company reported a 3.8% underlying sales growth, along with a 3.3% decline in turnover, in Q1.Royal Caribbean Group (RCL) shares were up more than 6% after the company reported higher Q1 adjusted earnings and revenue.Smurfit Westrock (SW) stock was down more than 6% after the company posted a decline in Q1 adjusted earnings.

$RCL$SW$UL$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.1% higher.Unilever (UL) stock was up 1.9% after the company reported a 3.8% underlying sales growth, along with a 3.3% decline in turnover, in Q1.

$UL
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Big Tech Earnings, Economic Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.5% in Thursday's premarket activity, amid optimistic big tech earnings reports and a deluge of economic data.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.6%, and Nasdaq futures gaining 0.5% before the start of regular trading.Reports releasing at 8:30 am ET include the Q1 gross domestic product (GDP) from Washington, the personal consumption expenditures (PCE)-core inflation report for March, the weekly jobless claims bulletin, and the Q1 Employment Cost Index.The April Chicago PMI posts at 9:45 am, followed by the February leading indicators report at 10 am, and the weekly natural gas stocks at 10:30 am ET.In premarket action, bitcoin was down by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was up 1.9%.Willis Towers Watson (WTW) shares were down more than 9% pre-bell after the company reported higher Q1 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.2%, the Vanguard Health Care Index Fund (VHT) was 1.1% higher, while the iShares US Healthcare ETF (IYH) was up 0.7%. The iShares Biotechnology ETF (IBB) gained 0.2%.Eli Lilly (LLY) stock was up more than 7% premarket after the company reported higher Q1 non-GAAP earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 0.4%, and the iShares US Technology ETF (IYW) was 1% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 2%, while the iShares Semiconductor ETF (SOXX) advanced by 1.3%.Alphabet's (GOOG, GOOGL) shares were up 7% in Thursday's premarket activity after the tech giant reported overnight Q1 earnings and sales above market expectations.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) was up 1.6% and the iShares US Industrials ETF (IYJ) gained 0.4%.Caterpillar (CAT) stock was up more than 5% before the opening bell after the company reported higher Q1 adjusted profit and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.2% lower, and the iShares US Consumer Staples ETF (IYK) retreated 0.1%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) was up 0.6%. The VanEck Retail ETF (RTH) gained 0.03%, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.6%.Unilever (UL) shares were up more than 2% pre-bell after the company said its Q1 underlying sales grew by 3.8%.EnergyThe iShares US Energy ETF (IYE) was down 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) declined by 1.1%.ConocoPhillips (COP) stock was down more than 2% before the opening bell after the company reported lower Q1 adjusted earnings and revenue.CommoditiesFront-month US West Texas Intermediate crude oil fell by 2.3% to $104.44 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.4% to $2.61 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 2.6%, while the United States Natural Gas Fund (UNG) was 1.5% lower.Gold futures for May were up by 1.8% to $4,641.80 an ounce on the Comex. Silver futures rose by 2.6% to $73.96 an ounce. SPDR Gold Shares (GLD) was 1.9% higher, and the iShares Silver Trust (SLV) gained by 2.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CAT$COP$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LLY$PMR$QQQ$RTH$SLV$SOXX$SPY$UL$UNG$USO$VDC$VHT$VIS$WTW$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Research

Research Alert: Unilever Tops Q1 Views; Volume-led Growth Signals Quality, Guidance Maintained

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Unilever delivered Q1 2026 underlying sales growth (USG) of 3.8%, beating consensus of 3.6%, with well-balanced contributions from pricing (+0.9%) and volume (+2.9%). The volume-led growth was attributed to Power Brands achieving 5.0% USG and 4.0% volume expansion, validating the strategy of focusing investments on its strongest assets. We welcome the tilt toward volume growth as we view it as a healthier expansion indicating higher quality growth and business strength. Management reconfirmed full-year 2026 USG guidance at the bottom end of the 4-6% range with at least 2% volume growth. Emerging markets delivered sustained strength with 5.7% USG, underpinned by a robust 4.2% volume contribution, led by India's 7% USG. Home Care led segmental performance with 6.1% USG and 6.2% volume expansion. Our view remains more optimistic than the consensus estimate of 3.5% as we see continued strength in Unilever's market-leading offerings with strong underlying momentum across categories and geographies.

$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

European equities traded in the US as American depositary receipts were rising late Friday morning, gaining 0.66% at 1,798.36 on the S&P Europe Select ADR Index, which is off 2% for the week so far.From continental Europe, the gainers were led by pharmaceutical company Novo Nordisk (NVO) and software firm SAP (SAP), which rose 6.4% and 5.6% respectively. They were followed by furniture maker Natuzzi (NTZ) and consumer goods company Unilever (UL), which were up 2.6% and 1.7% respectively.The decliners from continental Europe were led by biotech firm Evaxion (EVAX) and petroleum refiner Equinor (EQNR), which fell 2.4% and 1.4% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and oil and gas company Eni (E), which were down 1.2% and 0.9% respectively.The gainers from the UK were led by British American Tobacco (BTI) and InterContinental Hotels Group (IHG), which advanced 2.5% and 2.4% respectively. They were followed by insurance company Prudential (PUK) and educational publisher Pearson (PSO), which increased 1.2% and 0.7% respectively.The decliners from the UK and Ireland were led by biopharmaceutical firm NuCana (NCNA) and Autolus Therapeutics (AUTL), which fell 5.1% and 2.7% respectively. They were followed by Trinity Biotech (TRIB) and Silence Therapeutics (SLN), which lost 1.6% and 1% respectively.

$AUTL$BTI$CLLS$E$EQNR$EVAX$IHG$NCNA$NTZ$NVO$PSO$PUK$SAP$SLN$TRIB$UL
Wire

Unilever's Food Business Split Already Reflected in Shares, RBC Says

Unilever's (UL) share price already appears to reflect concerns around the planned separation of its food business, while expectations for future growth remain modest and recent incentive-plan changes suggest lower internal confidence in meeting public targets, RBC Capital Market said Tuesday in a report.The planned transaction may add complexity for shareholders, offer limited value, and risk distracting management, with the streamlined company likely to hold about the same competitive position even after focusing on faster-growing categories, the report said.Unilever's new pay structure allows bonuses to be earned at growth rates below the company's stated ambitions, raising questions about the credibility of those goals, the report said.Market expectations already reflect caution, with consensus forecasts near the low end of guidance and RBC's own estimates sitting below that range, the report said.RBC said these concerns now appear largely reflected in the stock, and the shares were upgraded to sector perform from underperform with a price target of 42 British pounds ($56.75).Price: $57.33, Change: $-0.63, Percent Change: -1.10%

$UL
Research

RBC Upgrades Unilever to Sector Perform From Underperform, Keeps GBP42 Price Target

Unilever PLC's (UL) London stock has an average rating of hold and mean price target of GBP51.66, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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