AstraZeneca, Anglo American, Deutsche Bank: European Stocks in Limelight -- WSJ

Dow Jones04-25

By Chelsey Dulaney and Katy Barnato

AstraZeneca (UK: AZN, AZN): The pharmaceutical giant posted a better-than-expected jump in revenue in the first quarter, while earnings also topped expectations. Its U.S.- and U.K.-listed stocks rallied more than 5%.

Anglo American (UK: AAL**)**: Mining giant BHP (UK: BHP, BHP) offered to buy its longtime rival in a potential megadeal that could reshape the industry. Anglo is also considering selling its De Beers diamond unit. Its shares leapt nearly 16% in London, while BHP fell.

Barclays PLC (UK: BARC, BCS): The British bank's stock hit a two-year high in London after its earnings topped expectations. Shares of Deutsche Bank (XE: DBK, DB), Germany's biggest lender, also rallied after it reported a consensus-beating rise in profit.

Nestlé (CH: NESN**)****:** The conglomerate reported a slowdown in quarterly sales growth as U.S. consumers bought less of its frozen-food brands. Its shares fell in Zurich.

Unilever (UK: ULVR, UL): The owner of Ben & Jerrys ice cream reported better-than-expected underlying sales growth for last quarter, fueling a rally in its shares.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 25, 2024 11:28 ET (15:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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