Pepsi win lifts Publicis after Omnicom tumble

3. Sep 2026

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

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CAC 40 winners

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Publicis Groupe SA, up 4.0% at EUR103.35, a media report says the ad agency has won a PepsiCo deal

Legrand SA, up 2.5% at EUR137.95, Deutsche Bank raises to 'buy'

Capgemini SE, up 2.1% at EUR107.30

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CAC 40 losers

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Hermes International SCA, down 3.3% at EUR1,482.00

Kering SA, down 3.2% at EUR241.75

LVMH Moet Hennessy Louis Vuitton SE, down 2.6% at EUR427.40

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DAX 40 winners

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Heidelberg Materials AG, up 2.8% at EUR166.35

Deutsche Telekom AG, up 2.1% at EUR29.05, Bloomberg reports activist investor Elliott buys stake

SAP SE, up 1.9% at EUR184.84

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DAX 40 losers

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Rheinmetall AG, down 2.4% at EUR1,064.00

Zalando SE, down 1.6% at EUR22.70

Qiagen NV, down 1.2% at EUR37.70

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FTSE 100 winners

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Airtel Africa PLC, up 4.4% at 356.5p

Vodafone Group PLC, up 3.6% at 123.65p

Metlen Energy & Metals PLC, up 2.7% at 47.86p

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FTSE 100 losers

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Admiral Group PLC, down 2.5% at 3,836p, shares go ex-dividend

Aviva PLC, down 1.7% at 718.8p, shares go ex-dividend

Bunzl PLC, down 1.2% at 2,681p

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MIB 40 winners

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Azimut Holding Spa, up 3.3% at EUR39.14, Deutsche Bank raises to 'buy'

Buzzi Spa, up 2.4% at EUR40.29

FinecoBank Spa, up 1.8% at EUR23.51

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MIB 40 losers

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Brunello Cucinelli Spa, down 2.4% at EUR81.90

Leonardo Spa, down 2.2% at EUR50.27

Moncler Spa, down 1.5% at EUR45.87, shares hit a 12-month low

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SMI 20 winners

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Logitech International SA, up 2.9% at CHF81.12

Amrize Ltd, up 1.9% at CHF35.14

Holcim Ltd, up 1.7% at CHF71.88

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SMI 20 losers

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Compagnie Financiere Richemont SA, down 2.5% at CHF184.95

Alcon AG, down 0.9% at CHF58.76

Lonza Group AG, down 0.4% at CHF581.50

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European stock movers in focus:

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Publicis Groupe, up 4.0% at EUR103.35, 12-month range EUR68.14-EUR104.85. AdWeek reports that PepsiCo Inc has picked the advertising firm for its global media account. AdWeek says Pepsi confirmed the appointment to the publication. Publicis has replaced Omnicom Group Inc on the account, AdWeek says. Omnicom shares closed down 5.0% in New York on Wednesday. Omnicom remains a critical partner is many "creative, sports, and PR briefs", Pepsi tells AdWeek. Meanwhile, WPP PLC shares are up 4.4% in London. Bank of America analysts believe WPP may benefit, as Publicis will withdraw from a Coca-Cola Co pitch. WPP is the incumbent there, BofA notes. "We think it unlikely that media will be invited to pitch, given it remains on PepsiCo's roster, while other agencies are unlikely to be sufficiently scaled. WPP is also well placed to recapture the US portion it lost to Publicis in 2025," BofA explains.

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Deutsche Telekom, up 2.1% at EUR29.05, 12-month range EUR23.53-EUR34.36. Elliott Investment Management LP has built a stake in Deutsche Telekom and thinks the German telecommunications provider should abandon a potential merger with its US subsidiary T-Mobile US Inc, Bloomberg reports. The Florida-based activist investor wants Deutsche Telekom to consider alternative ways to increase shareholder value, including larger share buybacks, Bloomberg says, citing "people familiar with the matter".

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Prudential PLC, up 1.2% at 1,015.50p, 12-month range 910.20p-1,238.00p. Berenberg initiates coverage of the stock at 'buy'. Berenberg believes the Asia-focused insurer is exposed to rising demand for life insurance in China, thanks to a joint-venture at its Hong Kong unit. It also offers "rising exposure to health insurance". "Thanks to strong management, the company is fast rebuilding its free surplus generation, a metric that drives cash distribution but that almost stopped growing during the 2020-22 Covid-19-linked lockdowns. Furthermore, we believe the risk-reward balance is compelling," the German bank says.

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M&G PLC, down 1.1% at 339.50p, 12-month range 247.00p-367.10p. M&G reports mixed first-half results with statutory profit dented by planned ground rent changes in the UK taking some of the shine off net flows and adjusted operating profit beats. M&G says adjusted pretax operating profit rises 15% to GBP435 million in the six months that ended June 30 from GBP378 million a year prior, ahead of GBP429 million Visible Alpha market consensus. However, M&G swings to a pretax loss attributable to equity holders of GBP213 million from a GBP333 million profit a year ago.

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By Eric Cunha, Alliance News news editor

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