This is C온라인카지노사이트's live blog covering European markets.

• Vodafone posts loss in 2025, warns about trade 'uncertainties'
• UBS shares dip following report on additional capital requirements
• Greggs plans new stores as 'product innovation' drives sales growth
• Swiss Life first-quarter income jumps, shares muted

European markets close higher Tuesday

European stock markets ended the trading session in positive territory.

The index provisionally closed up 0.7%. The U.K.'s rose by 0.9%, while and Germany's were higher by 0.75% and 0.3% respectively.

Industrial products supplier and Danish wind energy firm both rose by 15%. British telecom operator shares were up 7.2% while British baker shares rose 9% by the end of trading.

On Wednesday, retailer and electrical distribution and generation giant are set to report their fiscal fourth-quarter earnings.

— Ganesh Rao

European stocks move higher as Swiss Life, Greggs report earnings

It's just after midday in London and European stocks have continued to move higher amid a series of earnings reports from Swiss Life and Greggs.

The up 0.7% at 1:20 p.m. London's  is 0.65% higher, the French  is up 0.64% and the  has gained nearly 0.6%. All major sectors are in the green.

— Sawdah Bhaimiya

Novo Nordisk up 3% as traders digest recent CEO shake-up

Danish pharmaceutical giant was up 3.3% on Tuesday at 11:35 a.m. in London, as traders digested news that longtime CEO Lars Fruergaard Jørgensen is as part of a leadership shake-up.

The drugmaker announced Friday that it's searching for Jørgensen's successor, as its obesity injection Wegovy faces tough competition from competitor Eli Lilly's treatment, Zepbound. The new chief executive will be critical in bringing Novo Nordisk back in line with rivals in the weight loss drug market.

″[It's] a gigantic surprise," analysts at about the announcement. "We admit that Novo Nordisk is currently facing challenges on the American market as a result of compounders' copies of Wegovy, just as the share price has fallen more than 50% [since summer 2024]."

They added, "However, we also remind you that the share price has more than tripled during Lars Fruergaard Jorgensen's tenure as CEO of Novo Nordisk."

— Sawdah Bhaimiya, Karen Gilchrist

Lagercrantz annual profit rises 16% on the back of 'build-and-buy' acquisition strategy

Swedish tech solutions and electronics group on Tuesday reported a , pinning its growth on a "build-and-buy" acquisition strategy.

The company saw its annual profit after taxes increase to 1.02 billion Swedish Krona ($105.5 million) compared to 877 million Swedish krona in the previous financial year. Revenue also grew 16% to 9.39 billion Swedish krona ($971.9 million).

Lagercrantz completed seven acquisitions during the financial year ranging from the acquiring of a protective cases manufacturing company CP Cases to tactical telescope mast system provider Mastsystem.

"The business concept is to acquire small and medium-sized leading technology companies and get them to grow and develop in a positive way – a so-called "buy-and-build" strategy," Lagercrantz President and CEO Jörgen Wigh said in a statement.

"We consistently invest freed-up cash flows in new, well-functioning businesses with high returns and thereby finance our growth ourselves," he added.

Wigh said the company's goal is to grow total profit by at least 15% per year, which corresponds to the doubling of profit every five years, with one-third of profits generated via organic growth and two-thirds through acquisitions.

Wigh noted that despite geopolitical uncertainty, he remains optimistic about the company's growth.

"The spring's discussions around trade barriers are creating uncertainty, but despite this, the situation remains stable and positive for most of the Group's businesses. Lagercrantz has a strong financial position, which creates resilience and the scope for further acquisitions," Wigh added.

— Sawdah Bhaimiya

'No major surprises' in Vodafone results, say JPMorgan analysts

Shares of London-listed telecom operator Vodafone rose 1.75% at 10 a.m. London time after reporting 2025 full-year results that met analyst forecasts.

JPMorgan analysts said the company's outlook for the 2026 financial year was "broadly in-line," but cautioned that adjusted profits derived from Vodafone's European operations were likely to be 3% below expectations, at the halfway point for the year.

The Wall Street bank's analysts said Vodafone's German operations had fallen short of expectations because it did not add enough broadband subscribers and did not capitalize on the fourth-quarter weakness of its competitor .

"We expect consensus to lower German estimates but raise [rest of the world] forecasts, such that group forecasts overall are broadly unchanged," said JPMorgan analyst Akhil Dattani.

— Ganesh Rao

EU facing ‘historical opportunity’ amid euro rally, says ECB’s Schnabel

The euro area became a safe haven in the aftermath of U.S. President Donald Trump's tariffs policies, Isabel Schnabel, a member of the European Central Bank's Executive Board, said in a on X on Tuesday.

That means the region is now "facing a historical opportunity to foster the international role of the euro."

The euro has gained around 9% against the U.S. dollar so far this year, adding close to 4% since U.S. President Donald Trump announced his full list of reciprocal tariffs .

"A new European growth narrative is emerging, and there is momentum to embark on reforms," Schnabel added in a consecutive post, suggesting that the European Union needs "to address the entire value chain: from the start-up phase through the growth phase, all the way to the exit stage within European capital markets."

— Chloe Taylor

UBS shares dip following Bloomberg report on additional capital requirements

shares were down 2.57% at 9:20 a.m. London time, following saying the Swiss government is expected to require the banking giant to hold as much as an additional $25 billion in further loss-absorption capital. UBS will be mandated to increase its ability to cover 100% of capital at its foreign units at the forthcoming proposal that is expected to be revealed in early June, Bloomberg reported, citing sources familiar with the matter.

Switzerland's Federal Department of Finance declined to comment on the report. UBS and the Swiss Financial Market Supervisory Authority did not immediately respond to C온라인카지노사이트 requests for comment.

UBS has been contending with the possibility of additional capital requirements since it absorbed collapsed Swiss rival Credit Suisse in 2023, arguing that further restrictions will affect its performance and competitiveness.

The Swiss government has expressed concerns that instability or an outright default at UBS — whose balance sheet is nearly double the country's gross domestic product — could destabilize Switzerland's financial system.

— Ruxandra Iordache

European stocks open higher

It's 19 minutes after the opening bell, and the pan-European Stoxx 600 is trading up 0.2%.

Sectors are in mixed territory, with regional utilities stocks leading gains. London's is currently 0.2% higher, while the French has gained 0.1% and the is little changed.

— Chloe Taylor

Vodafone posts 411 million euro loss in 2025, warns trade ‘uncertainties’ could affect earnings

Telecom giant reported a full-year operating loss of 411 million euros ($462.7 million) on Tuesday, citing impairment charges for Germany and Romania that came to 4.5 billion euros.

The previous year, the company posted a full-year operating profit of 3.7 billion euros.

The 2025 loss came as the company reported a 2% jump in full-year revenue, with total revenue coming in at 37.4 billion euros.

Analysts had been expecting total revenues of 38.1 billion euros, according to LSEG data.

Shares of Vodafone were 0.3% higher at 8:22 a.m. in London, paring losses seen immediately after the opening bell.

Looking ahead to 2026, Vodafone noted that its financial performance could be affected by "significant uncertainties" in the current macroeconomic climate, particularly relating to trade and foreign exchange rates.

The company expects adjusted EBITDAaL (earnings before interest, taxes, depreciation and amortization and after lease expenses) to fall in the range of 11 billion euros to 13 billion euros. In full-year 2025, Vodafone's adjusted EBITDAaL came in at 11 billion euros, in line with its guidance.

— Chloe Taylor

Greggs plans new stores as ‘product innovation’ drives sales growth

British bakery chain reported a 7.4% year-on-year jump in sales for the 20 weeks to May 17, with total sales for the period coming in at £784 million ($1.05 billion).

Like-for-like sales in company-managed stores were up by 2.9%, the firm added in its Tuesday trading update.

Greggs cited "product innovation" as a driver of the sales growth, noting that its over-ice drinks range and hot food options were performing well.

Over the reporting period, Greggs said it had opened a net 20 stores, bringing the total number up to 2,638. It said it expected net openings for the full year to be between 140 and 150 shops.

In a note to clients on Tuesday morning, Investec analyst Kate Calvert gave Greggs a "buy" rating and a target price of 2,670 pence. The stock closed at 1,999 pence on Monday.

"The shares trade on a forward PE of 14.5x, close to the bottom of its last 10 years' PE forward valuation range, which does not reflect its growth opportunity or improving cash generation," she said.

— Chloe Taylor

Swiss Life first-quarter income jumps

Insurer Swiss Life in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million).

Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs.

The company said its rising fee income was mainly due to strong performance across its own and third-party products and services, as well as the strength of its Swiss Life Asset Managers division.

— Chloe Taylor

British pound extends gains

The was 0.2% higher against the U.S. dollar at 6:29 a.m. in London on Tuesday, extending its gains from the previous day to trade at around $1.338.

On Monday, sterling rose 0.6% against the greenback after the U.K. and the EU reached a to reset their post-Brexit relations.

— Chloe Taylor

What to keep an eye out for today

British telecom giant is expected to report its 2025 financial year results.

Analysts polled by FactSet expect full-year total sales to be £31.74 billion ($42.39 billion), with a pre-tax profit of £1.84 billion. Earnings per share is expected at 7.10 pence.

UBS analysts expect the merger with U.K. competitor Three will add £470 million to adjusted profits, but will detract from free cash flow as the company will be forced to invest upfront.

"While easing declines in German service revenues should be a tailwind for the shares, the prospect of further [free cash flow] downgrades will likely weigh on the stock near-term," UBS analyst Polo Tang added in an earnings preview note to clients on May 12.

The stock currently trades at nearly 5.3% expected dividend yield. Analysts forecast a dividend of 3.78 pence per share, according to FactSet.

U.K. baker and are also set to report earnings on Tuesday.

— Ganesh Rao

Here are the opening calls

Here are Tuesday's opening calls.

European bourses are expected to open higher Tuesday, with London's FTSE expected to open up 43 points at 8,726, Germany's  up 92 points at 23,998, the French  up 41 points at 7,908 and Italy's up 92 points at 40,330, according to data from IG.

— Holly Ellyatt