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<\/p>\nWienerberger shares move higher<\/p>\n
Wienerberger<\/a> confirmed its guidance on Wednesday, after first-half revenue grew 6% year-on-year to reach 2.3 billion euros ($2.7 billion).<\/p>\n The building materials firm posted just over 380 million euros operating EBITDA (earnings before interest, taxes, depreciation, and amortization) for the period.<\/p>\n Shares were last seen trading 0.6% higher.<\/p>\n \u2014 Jordan Butt<\/p>\n Tui gains 1.8%<\/p>\n A Boeing 787 ‘Dreamliner’ plane with the logo of tourism giant TUI at Hanover airport in Langenhagen, central Germany.<\/p>\n JULIAN STRATENSCHULTE | AFP | Getty Images<\/p>\n Shares of German travel operator Tui<\/a> were up 1.8% by 9:28 a.m. in London (4:28 a.m. ET), after the firm posted core earnings ahead of expectations in its fiscal third quarter.<\/p>\n Tui also raised its full-year profit guidance on Wednesday, saying it had benefitted from diversification and a later Easter. The company said summer bookings are down 2%, while average prices are up 3%, with a continued trend toward later bookings from customers.<\/p>\n \u2014 Matthew Ward-Perkins<\/p>\n Vestas shares rise after firm confirms outlook<\/p>\n A Vestas wind turbine near Baekmarksbro in Jutland.\u00a0<\/p>\n Afp | Getty Images<\/p>\n Wind turbine maker Vestas<\/a> has backed its full-year outlook this morning, despite posting a miss on second quarter profit.\u00a0<\/p>\n The Danish manufacturer said it had experienced good momentum in the EMEA region, but noted that political and tariff uncertainty remains, especially in the United States.<\/p>\n Shares were last seen trading 1.4% higher.<\/p>\n \u2014 Brittany Dawe<\/p>\n Renk shares jump 4.9%<\/p>\n Shares of defense giant Renk<\/a> are now leading the Stoxx 600 index, after gaining 4.9% as of 9:15 a.m. in London (4:15 a.m. ET).<\/p>\n Stock Chart IconStock chart icon Renk share price<\/p>\n That comes after the German company, which makes parts for tanks, beat earnings forecasts for the first half of the year and reported a record order intake.<\/p>\n \u2014 Chloe Taylor<\/p>\n \u00a0<\/p>\n Renk shares rise after revenue beat<\/p>\n A Leopard 2 tank gear transmission in a production hall at the Renk AG plant in Augsburg, Germany, on May 8, 2023.<\/p>\n Bloomberg | Bloomberg | Getty Images<\/p>\n German defense giant Renk<\/a> said Wednesday that its order intake hit a record high in the first half of the year, after rising 47% year on year to hit 921 million euros ($1.1 billion).<\/p>\n It said its defense business was driving the growth.<\/p>\n The company, which makes gear boxes for tanks, said its order backlog hit 5.9 billion euros in the first half, and confirmed its full-year guidance.<\/p>\n Second-quarter revenue jumped 27.5% to 348 million euros, beating analyst expectations, according to LSEG data.<\/p>\n Shares were 2.3% higher at 8:20 a.m. in London (3:20 a.m. ET).<\/p>\n \u2014 Chloe Taylor<\/p>\n European shares open higher<\/p>\n Twenty minutes into Wednesday’s session, European equities are broadly moving higher, with the pan-European Stoxx 600 gaining 0.45% so far.<\/p>\n Germany’s DAX index is around 0.7% higher, while the French CAC 40 and London’s FTSE 100 were last seen trading 0.4% and 0.3% higher, respectively.<\/p>\n \u2014 Chloe Taylor<\/p>\n Global rally<\/p>\n Traders work on the floor of the New York Stock Exchange on Aug. 12, 2025.<\/p>\n Spencer Platt | Getty Images<\/p>\n It isn’t just stocks in Europe that are on the rise.<\/p>\n Overnight in Asia, shares have been rallying, with Japan’s Nikkei 225 hitting an all-time high and Hong Kong’s Hang Seng Tech Index \u2014 home to some of China’s biggest tech firms \u2014 adding more than 2%.<\/p>\n That followed a session on Wall Street that saw both the S&P 500 and the Nasdaq Composite hit record highs<\/a>, as U.S. inflation data raised markets’ expectations of a rate cut from the Federal Reserve.<\/p>\n \u2014 Chloe Taylor<\/p>\n Opening calls<\/p>\n The U.K.’s Met Office forecasts another public health warning for temperatures reaching 34 degrees Celsius in London, as members of the public cross Westminster Briidge, on Aug. 12 2025.<\/p>\n Richard Baker | In Pictures | Getty Images<\/p>\n Good morning from London, where more sweltering weather is on its way.<\/p>\n Stocks are also looking set to heat up somewhat, with futures tied to the FTSE 100<\/a> last seen trading 0.2% higher. Those tied to the German DAX<\/a> are 0.5% higher, while futures tied to the French CAC 40<\/a> are up by 0.4%.<\/p>\n \u2014 Chloe Taylor<\/p>\n","protected":false},"excerpt":{"rendered":"Wienerberger shares move higher Wienerberger confirmed its guidance on Wednesday, after first-half revenue grew 6% year-on-year to reach…\n","protected":false},"author":2,"featured_media":63616,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[4117,84,273,12055,467,4118,56,54,55],"class_list":["post-63615","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-breaking-news-markets","tag-business","tag-business-news","tag-earnings","tag-markets","tag-stock-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/63615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=63615"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/63615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/63616"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=63615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=63615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=63615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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