We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Europe open: Shares up on strong earnings reports

Thu 28 April 2022 08:18 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7208.81 | Positive 188.36 (2.68%)
Graph

Prices delayed by at least 15 minutes

(Sharecast News) - European stocks opened higher on Thursday as investors digested another earnings and corporate news dump and eyed Russia's threats to disrupt gas supplies to the continent.

The pan-European Stoxx 600 index was up 1.25% in early trade after a mixed session on Wall Street and positive close in Asia.

Markets had been shaken on Wednesday over energy supply fears after Russia's Gazprom halted gas supplies to Poland and Bulgaria.

Gazprom turned off the supply tap because they had refused to pay for the gas in roubles, an ultimatum issued by Russian dictator Vladimir Putin in order to raise cash to pay for his unprovoked invasion of Ukraine.

The move pushed European gas prices higher and the euro to a five-year low against the dollar earlier in the day.

In a results-heavy day, shares in banking software specialist Temenos soared almost 14% on reports that tech-focused private equity firm Thoma Bravo had approached it over a possible takeover.

Asia-focused bank Standard Chartered jumped 10.1% as it beat quarterly earnings forecasts, while Spain's Banco Sabadell was also higher on positive earnings.

Builders merchant Grafton was also higher after a jump in first-quarter revenue.

German online takeaway food company Delivery Hero fell 6% despite saying it was on track for a positive adjusted core profit this year.

UK supermarket group Sainsbury fell after warning of lower profits as higher inflation and a cost of living crisis would hit consumer spending.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.