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HIK Hikma Pharmaceuticals News Story

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UTILITIES AND INDUSTRIALS KEEP STOXX HIGH

European shares hovered near record levels on Thursday, as strength in utilities and industrials, which have been boosted by a run of well‑received earnings and M&A activity, helped offset a pullback in materials following recent gains.

The region‑wide STOXX 600 .STOXX was last flat after nudging up briefly to a fresh peak. Indices in London and Paris also hit new highs.

The FTSE 100 .FTSE gained 0.2%, lifted by sharp rises in Howden Joinery HWDN.L, LSEG LSEG.L and Rolls‑Royce RR.L — all up more than 4% after results. Hikma HIK.L slumped 16% after a weak sales outlook.

A jump in Engie ENGIE.PA after it agreed to buy electricity distributor UK Power Networks, along with stronger‑than‑expected earnings from Schneider Electric SCHN.PA, lifted the CAC 40 .FCHI up 0.3%.

(Danilo Masoni)

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EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPEAN FUTURES STEADY, LOTS OF EARNINGS CLICK HERE

NVIDIA DELIVERS, BUT GOOD NO LONGER CUTS IT CLICK HERE

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