JD Sports profit drops; Siltronic down after placing

23. Sep 2026

(AWP Alliance News) - The following stocks are the leading risers and fallers in Europe's major stock indices on Wednesday.

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CAC 40 winners

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Societe Generale SA, up 1.7% at EUR73.43, JPMorgan ups price target after capital markets day

EssilorLuxxottica SA, up 1.3% at EUR146.30

Legrand SA, up 1.0% at EUR141.85, hopes for data centre business amid renewed US tech gains

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CAC 40 losers

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Kering SA, down 1.2% at EUR229.25

Orange SA, down 1.0% at at EUR14.25

Unibail-Rodamco SA, down 0.8% at EUR94.18

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DAX 40 winners

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Wacker Chemie AG, up 2.0% at EUR90.15, cuts stake in Siltronic

Auto1 Group SE, up 1.3% at EUR18.59

Bilfinger SE, up 2.0% at EUR90.15

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DAX 40 losers

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Siltronic AG, down 3.4% at EUR79.95, Wacker Chemie cuts stake

Fraport AG, down 2.1% at EUR62.40

Krones AG, down 2.0% at EUR109.60

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FTSE 100 winners

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Rentokil Initial PLC, up 2.6% at 324.80p, Investec upgrades to 'buy'

Standard Chartered PLC, up 1.3% at 2,295.50p, rallies after falls following Financial Times investigation; Citi raises price target

London Stock Exchange Group PLC, up 1.1% at 8,241.00p

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FTSE 100 losers

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JD Sports Fashion PLC, down 2.9% at 76.44p, profit and margin suffers

Autotrader Group PLC, down 2.7%, at 471.25p, AI threat after Meta's Muse launch

IG Group Holdings PLC, down 1.9% at 1,336.50p

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MIB 40 winners

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Banco BPM Spa, up 1.1% at EUR16.27

Moncler Spa, up 1.1% at EUR44.28

Amplifon Spa, up 1.0% at EUR11.77

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MIB 40 losers

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Inwit Spa, down 1.6% at EUR6.59

Unipol Spa, down 1.5% at EUR27.34

Buzzi Spa, down 0.9% at EUR37.11

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SMI 20 winners

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Logitech SA, up 0.8% at CHF86.68

Holcim AG, up 0.8% at CHF68.56

UBS Group AG, up 0.7% at CHF40.63

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SMI 20 losers

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Swiss Life Holding AG, down 0.8% at CHF908.40

Sika AG, down 0.7% at CHF187.50

Geberit AG, down 0.4% at CHF546.20

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European stock movers in focus:

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JD Sports Fashion down down 2.9% at 76.44p, 12-month range 63.98p-106.18p. Cautions headwinds seen in the first half of the financial year are likely to persist as it reports lower sales and reduced margin. The sports retailer says pretax profit before adjusting items falls 20% to GBP282 million from GBP351 million, just ahead of GBP279 million company-compiled consensus. Sales edge down 0.7% to GBP5.90 billion from GBP5.94 billion. Organic sales decline 0.7% at constant currency, while like-for-like sales fall 2.8%. Gross margin slips to 46.8% from 47.0%, below market expectations of 47.5%. Looking ahead, JD Sports leaves financial 2027 guidance unchanged from the reduced outlook outlined in August. The company continues to expect pretax profit before adjusting items of GBP700 million to GBP800 million and free cash flow of GBP460 million to GBP520 million.

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Airtel Africa PLC - down 0.1% at 311.80p, 12-month range 219.00p-436.20p. Says its mobile money business, Airtel Mobile Commerce NV, known as Airtel Money, intends to float on the London Stock Exchange, in a listing that could value the unit at up to USD9.00 billion. Airtel Africa, which is majority-owned by Indian telecommunications company Bharti Airtel Ltd, currently owns around 78% of Airtel Money and expects to remain a long-term strategic shareholder following the flotation. The flotation would make it one of London's largest IPOs in recent years, with reports suggesting Airtel Africa had considered listing in the Middle East before opting for London.

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Siltronic, down 3.4% at EUR79.95, 12-month range EUR41.52-EUR108.80. Stock falls after Munich-based silicon wafer manufacturer Wacker Chemie places 2.2 million shares of Siltronic at EUR77.25 each, corresponding to 6.7% of Siltronic's equity. The placement reduces Wacker's shareholding in Siltronic to around 15%. Wacker says gross proceeds of EUR171 million strengthen its financial position and create "additional scope to invest in future growth". Wacker Chief Executive Officer Christian Hartel says: "We remain very satisfied with Siltronic's development and continue to support the company's strategy. This transaction strengthens our financial position and creates additional scope to invest in future growth."

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Anheuser-Busch InBev NV - down 0.9% at EUR67.68, 12-month range EUR49.64-EUR76.18. Shares in the Leuven, Belgium-based brewer fall after Tuesday's capital markets day in St Louis, US, at which no new financial targets were released. Despite this, analysts say presentations showcased the group's commercial execution and digital capabilities, which should underpin the medium-term growth.

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Autotrader, down down 2.7%, at 471.25p, 12-month range 418.60p-828.80p. JPMorgan reiterates 'underweight' rating and 440p share price target. Analyst Lara Simpson highlights read-through for the online classifieds "debate" on AI-led discovery and disintermediation risk from the launch of Meta Platform's AI agent, Muse. She thinks AI agents can "weaken click-through" and "pressure marketplace monetisation in non-exclusive supply categories". Simpson sees a "downside skew" to earnings and valuation as distribution competition intensifies and AI-led discovery raises the risk of further multiple compression.

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By Jeremy Cutler, Alliance News reporter

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