News
Travel And Leisure Stocks Drive European Shares To Record High
European stocks hit a record high on Tuesday, extending gains to a seventh straight session, boosted by travel and leisure companies as investors took comfort from strong earnings reports.
The pan-European STOXX 600 index gained 0.2% by 0717 GMT, notching an all-time high of 471.67 points.
The travel and leisure sector was the top percentage gainer as Flutter Entertainment rose 4.8% after the world’s largest online betting group said its first-half results exceeded estimates and it expects U.S. business to turn a profit by 2023.
Berlin-based meal-kit firm HelloFresh added 1% after it reported strong second-quarter growth, as a rise in customers and continued high order rates bumped up sales.
Dutch food ingredients group Corbion tumbled 8.1% to the bottom of STOXX 600 after it cut its full-year adjusted EBITDA margin outlook.
Source: Reuters
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