Kingfisher jumps; UBS in focus ahead of Swiss vote

22. Sep 2026

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

----------

CAC 40 winners

----------

Capgemini SE, up 1.1% at EUR106.78

Bureau Veritas SA, up 1.1% at EUR27.45, guides double-digit compound annual growth rate for revenue in 2027-28, up from high-single-digit

Dassault Systemes SE, up 1.0% at EUR21.09

----------

CAC 40 losers

----------

AXA SA, down 1.7% at EUR44.08

Renault SA, down 1.7% at EUR26.80

Societe Generale SA, down 1.5% at EUR73.10

----------

DAX 40 winners

----------

adidas AG, up 1.5% at EUR145.25

RWE AG, up 1.2% at EUR60.66

Deutsche Boerse AG, up 0.9% at EUR282.65

----------

DAX 40 losers

----------

Allianz SE, down 2.3% at EUR435.30

Vonovia SE, down 1.7% at EUR17.21

Porsche Automobil Holding SE, down 1.6% at EUR27.14, extends losses after Volkswagen removed from Euro Stoxx 50 index

----------

FTSE 100 winners

----------

Kingfisher PLC, up 8.5% at 331.80 pence, raises profit outlook as Screwfix offsets weak B&Q and France businesses

Smiths Group PLC, up 4.3% at 2,701.00p, new share buyback but annual profit declines

Coca-Cola HBC AG, up 2.2% at 4,371.00p

----------

FTSE 100 losers

----------

Fresnillo PLC, down 2.6% at 2,908.00p

Land Securities Group PLC, down 2.1% at 624.00p

Endeavour Mining PLC, down 1.9% at 4,571.50p

----------

MIB 40 winners

----------

Eni Spa, up 0.6% at EUR23.58

Campari NV, up 0.6% at EUR5.99

Banca Mediolanum Spa, up 0.5% at EUR23.72

----------

MIB 40 losers

----------

Buzzi Spa, down 2.8% at EUR36.39, share price hits 52-week low

Poste Italiane Spa, down 1.9% at EUR26.15

Unipol Spa, down 1.7% at EUR27.77

----------

SMI 20 winners

----------

Logitech International SA, up 2.4% at CHF86.38

Kuehne & Nagel International AG, up 1.7% at CHF228.20

Geberit AG, up 1.5% at CHF538.20

----------

SMI 20 losers

----------

UBS Group AG, down 2.9% at CHF40.64, Swiss Parliament due to vote on new capital rules

Zurich Insurance Group AG, down 1.4% at CHF593.70

Swiss Life Holding AG, down 0.9% at CHF924.60

----------

European stock movers in focus:

----------

Kingfisher PLC, up 8.5% at 331.80 pence, 12-month range 372.30p-249.20p. The DIY retailer raises its full-year profit and cash flow guidance after first-half adjusted pretax profit beats expectations, despite a "mixed" consumer environment. Pretax profit rises 18% to GBP400 million from GBP338 million, while adjusted pretax profit increases 9.9% to GBP404 million from GBP368 million, ahead of GBP372 million market consensus. Sales edge up 0.8% to GBP6.86 billion, while like-for-like sales rise 0.1%, with 5.6% growth at Screwfix offsetting declines of 2.9% at B&Q and 2.3% in France. Kingfisher now expects full-year adjusted pretax profit of GBP595 million to GBP635 million, raised from GBP565 million to GBP625 million, and free cash flow of GBP480 million to GBP520 million, up from GBP450 million to GBP510 million. It maintains its interim dividend at 3.8p and launches a GBP50 million third tranche of its GBP300 million share buyback.

----------

Smiths Group PLC, up 4.3% at 2,701.00, 12-month range 2,088.00p-2,756.00p. Starts a new GBP1.5 billion share buyback, but reports that annual profit declined in tough market conditions. The engineering company's pretax profit in the year to July 31 amounted to GBP245 million, down 23% from GBP317 million a year prior, though revenue increased 2.1% to GBP1.94 billion from GBP1.90 billion. Revenue beats the company-compiled market consensus of GBP1.92 billion, but it grows 1.2% on an organic basis, shy of expectations of a 1.4% hike. Smiths raises final dividend by 5.4% to 33.5 pence per share, giving it a total dividend of 48.5p, also up 5.4% from 46.0p. Smiths adds: "The portfolio reshaping has enabled enhanced returns to shareholders, with GBP2.6 billion returned in the past five years. Following the completion of the FY2025 GBP500 million share buyback programme in December, a further GBP1 billion related to the proceeds from the sale of Smiths Interconnect has now been returned. A further GBP1.5 billion is still to be executed in relation to the Smiths Detection proceeds and is expected to be substantially completed by end of calendar year 2027."

----------

UBS Group AG, down 2.9% at CHF40.64, 12-month range CHF28.25-CHF45.04. The Swiss bank remains in focus ahead of a Parliamentary vote on Wednesday on tougher capital requirements drawn up following the 2023 collapse of Credit Suisse. UBS Chief Executive Sergio Ermotti says a proposal requiring UBS to back its foreign subsidiaries with 90% common equity tier 1 capital, rather than the government's proposed 100%, is "not really a compromise", urging a more moderate approach, Reuters reports. UBS argues that the 90% proposal would significantly damage its competitiveness and backs an alternative model combining CET1 and additional tier 1 capital. In a position paper published on Monday, the bank says regulatory changes should be targeted, proportionate and internationally aligned, warning that excessive requirements could also harm the wider Swiss economy.

----------

Bureau Veritas SA, up 1.1% at EUR27.45, 12-month range EUR24.58-EUR30.18. The testing, inspection and certification company upgrades its 2028 revenue growth target as it outlines the next phase of its strategy at a capital markets day. Bureau Veritas now targets a double-digit percentage total revenue compound annual growth at constant currency in 2027 and 2028, up from its previous high-single-digit ambition, while narrowing its targeted leverage range to 1.5-2.0 times from 1.0-2.0 times. The company confirms its other 2028 ambitions and plans to accelerate acquisitions over the next two years, having rotated around 21% of its portfolio since launching its 'Leap 28' programme in 2024. It also targets EUR1.0 billion of revenue from artificial intelligence-driven markets and services by 2030.

----------

Volkswagen AG, down 1.0% at EUR74.20, 12-month range EUR69.20-EUR109.12. The German carmaker plans to accelerate cost-cutting across its core VW brand, with Volkswagen Passenger Cars Chief Executive Thomas Schafer saying the group has "no time to lose" and will significantly ramp up its performance programme. Around 16,300 redundancies have been finalised in Germany, with nearly 28,800 agreed by 2030, approaching the target of 35,000. However, Schafer says the measures taken so far remain insufficient. The wider Volkswagen Group has warned that a further 50,000 jobs could be cut worldwide, around half of them in Germany.

----------

By Eva Castanedo, Alliance News senior economics reporter

Comments and questions to newsroom [at] alliancenews.com