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Pin to quick picksExperian Share News (EXPN)

Share Price Information for Experian (EXPN)

London Stock Exchange
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Share Price: 3,707.00
Bid: 3,715.00
Ask: 3,716.00
Change: -13.00 (-0.35%)
Spread: 1.00 (0.027%)
Open: 3,729.00
High: 3,742.00
Low: 3,698.00
Prev. Close: 3,720.00
EXPN Live PriceLast checked at -

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Upbeat earnings lift STOXX 600 to record high, real estate stocks shine

Wed, 15th May 2024 17:30

UK's Experian jumps on upbeat FY revenue forecast

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InPost up after Q1 core profit jumps 36% and beats forecast

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Commerzbank rises on strongest quarterly profit in decade

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Euro zone economy, employment expands by 0.3% in first quarter

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ABN Amro slides as weaker capital overshadows profit beat

May 15 (Reuters) - Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's Commerzbank, while rate-sensitive stocks got a boost after a softer-than-expected U.S. inflation print.

The pan-European STOXX 600 was up 0.6%, with Germany's DAX and France's CAC 40 index also closing at all-time highs.

A STOXX fear gauge dropped to over a month low of 13.09 points.

Upbeat corporate earnings have offered a fresh boost to European shares, helping them regain lost ground this month and catch up with their U.S. peers. The STOXX 600 is up over 9.5% year-to-date, almost in line with an over 10% jump seen in the benchmark U.S. S&P 500 index.

Rate-sensitive real estate and technology stocks jumped 3.6% and 1.1%, respectively, after data showed U.S. consumer prices rose less-than-expected in April, boosting bets the Federal Reserve will cut interest rates two times this year, making room for larger cuts from the European Central Bank.

"The ECB said they're not Fed dependent, but they're certainly Fed conscious and that print gives them marginally more flexibility, especially with the view on the third rate cut towards the end of the year," said Thomas Gehlen, senior market strategist at SG Kleinwort Hambros.

On the earnings front, Experian jumped 8.1% and was the biggest boost to the main index after the credit data firm posted an upbeat annual organic revenue growth forecast. Poland's InPost advanced 6.2% following its higher first-quarter core earnings.

Boosting the healthcare index, Merck KGaA rose 4.7% after better-than-expected adjusted earnings.

Commerzbank climbed 5.1% and was among top gainers on Germany's main index after the lender reported its strongest quarterly profit in a decade, beating expectations.

Further on data, the euro zone economy grew by 0.3% in the first quarter, with Spain outperforming the broader region with 0.7% growth. The country's main index added 1.1%.

On the other hand, Finland's Neste slumped 14.8% to the bottom of the STOXX 600 after the biofuels producer and oil refiner lowered its 2024 margin outlook for renewable products.

Dutch bank ABN Amro shed 6.1% after a weaker first-quarter capital ratio overshadowed a better-than-forecast net profit.

Of the STOXX 600 companies that have reported first-quarter earnings to date, 60.7% beat estimates, versus the typical quarterly 54% beat rate, LSEG data showed on Tuesday.

Among others, HelloFresh lost 4.6% after J.P.Morgan downgraded the German meal-kit firm to "neutral" from "overweight", while Carrefour shed 4% after J.P.Morgan downgraded the French supermarket to "underweight" from "neutral". (Reporting by Ankika Biswas and Johann M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips, Eileen Soreng and Chris Reese)

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13 Jun 2024 16:15

UK dividends calendar - next 7 days

Friday 14 June 
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Monday 17 June 
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Tuesday 18 June 
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Wednesday 19 June 
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Thursday 20 June 
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31 May 2024 09:15

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15 May 2024 17:38

Housing stocks push FTSE 100 to a record close

U.S. CPI data softer than expected Experian jumps on upbeat revenue growth forecast

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15 May 2024 16:59

LONDON MARKET CLOSE: Confident trade as US inflation rate cools

(Alliance News) - Stock prices in London closed higher on Wednesday, while the dollar struggled after a softer US inflation reading and weaker retail sales data, which put pressure on the Federal Reserve to consider rate cuts soon.

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15 May 2024 15:00

London close: Stocks green as US inflation comes in cooler

(Sharecast News) - London markets ended on a positive note on Wednesday, with strong showings from the likes of Experian and Imperial Brands, as investors digested slower-than-expected consumer inflation figures out of the United States.

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15 May 2024 11:59

LONDON MARKET MIDDAY: FTSE 100 hits record ahead of US inflation data

(Alliance News) - The FTSE 100 in London hit a fresh record on Wednesday, as investors shake off nerves ahead of a key US inflation reading this afternoon.

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15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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15 May 2024 09:10

TOP NEWS: Optimistic Experian sees bright future as growth accelerates

(Alliance News) - Experian PLC on Wednesday predicted further strong organic growth and improved margins as it delivered a hefty jump in annual profit.

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15 May 2024 09:07

LONDON MARKET OPEN: Experian helps lift FTSE 100; all eyes on US CPI

(Alliance News) - Stock prices in London opened higher on Wednesday, with sentiment getting a boost from New York, ahead of key US inflation data this afternoon.

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15 May 2024 07:48

Experian shares surge on sales growth guidance

(Sharecast News) - Shares in credit-checking and data giant Experian surged on Wednesday after the company delivered annual results at the top end of expectations and guided to an acceleration in top-line growth for the coming year.

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15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

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