(Il Sole 24 Ore Radiocor) - London, 08 May - In European stock market dealings, German renewables company Siemens Energy jumped 12.80% at 22.56 euros in Frankfurt dealings after it raised its 2024 outlook on the back of strength in its power grid business. The company also announced plans to replace the chief of its troubled wind turbine division Siemens Gamesa.

Car giant BMW sank 2.93% at 101.15 euros after it reported lower first-quarter profit margin and said it expects a slight drop in pretax profit this year as costs rose and demand for its luxury cars weakened.

Also in Frankfurt, Puma gained 10.86% at 50.14 euros after the sportswear company said first quarter earnings were in line with expectations.

AAA-Zap

(RADIOCOR) 08-05-24 18:52:29 (0672) 5 NNNN