WINNERS & LOSERS: SAP shines amid software surge; Talanx ups guidance

14. Aug 2026

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

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CAC 40 winners

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Dassault Systemes SE, up 3.8% at EUR21.71

Capgemini SE, up 2.1% at EUR108.20

Airbus SE, up 1.4% at EUR215.90

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CAC 40 losers

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Engie SA, down 1.5% at EUR25.73

Sanofi SA, down 1.3% at EUR75.46

STMicroelectronics NV, down 1.0% at EUR47.20

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DAX 40 winners

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SAP SE, up 4.1% at EUR182.60, rises as Reuters reports peer Workday Inc attracts takeover interest

Rheinmetall AG, up 3.2% at EUR1,201.40, wins contract worth "two-digit million figure" in euros from Denmark

Scout24 SE, up 2.3% at EUR77.85, among the software shares hit by AI worries earlier this year

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DAX 40 losers

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E.ON SE, down 5.2% at EUR17.30

Hochtief AG, down 2.2% at EUR434.20

RWE AG, down 2.1% at EUR57.92, rose 2.6% on Thursday after posting profit hike

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FTSE 100 winners

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Experian PLC, up 4.2% at 2,929p, still down around 13% year-to-date

Sage Group PLC, up 3.7% at 1,052.5p

Entain PLC, up 2.8% at 560.8p, fell 2.6% on Thursday

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FTSE 100 losers

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Antofagasta PLC, down 3.8% at 3,612p, fell 6.8% on Thursday on output guidance cut

Glencore PLC, down 2.3% at 548.1p

GSK PLC, down 2.2% at 1,815.5p

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MIB 40 winners

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Amplifon Spa, up 2.1% at EUR12.56

Leonardo Spa, up 1.5% at EUR60.20

Ferrari NV, up 1.4% at EUR360.15

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MIB 40 losers

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Enel Spa, down 1.3% at EUR9.57

Terna Spa, down 1.1% at EUR9.76

Italgas Spa, down 0.9% at EUR8.66

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SMI 20 winners

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Alcon AG, up 1.8% at CHF60.61

Partners Group Holding AG, up 1.2% at CHF736.80

Amrize Ltd, up 1.1% at CHF38.095

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SMI 20 losers

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Lonza Group AG, down 1.8% at CHF563.90

Novartis AG, down 1.3% at CHF122.39

Roche Holding AG, down 0.9% at CHF363.90

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European stock movers in focus:

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AP Moller Maersk AS, up 6.4% at DKK20,260.00 in Copenhagen, 12-month range DKK11,840.00-DKK20,340.00. The shipping firm extends gains after a 9.4% surge on Thursday. It had raised its full-year earnings guidance Thursday as it reported a doubling of profits in the second quarter. On Friday, Nordea Bank raises its recommendation for the stock to 'hold' from 'sell'.

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Talanx AG, up 4.8% at EUR120.00 in Frankfurt, 12-month range EUR97.65-EUR126.20. The insurance company now expects 2026 net income "of significantly more than EUR2.7 billion". It had previously predicted an outcome of around EUR2.7 billion. Net income in the first half of the year climbed 9.1% to EIR1/5 billion, from EUR1.4 billion a year prior, Talanx says. Insurance revenue is up 0.3% on-year to EUR24.26 billion.

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SAP, up 4.1% at EUR182.60, 12-month range EUR127.50-EUR244.30. SAP rises in positive read across after Reuters reported Thursday that Workday Inc is in discussions for a possible takeover by the private equity firm Silver Lake. Confidential talks between Workday and Silver Lake have taken place over the past few months, and remain ongoing, the sources said, with no certainty a deal will materialise. The people also noted Silver Lake may consider bringing in other investors to fund the purchase.

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Sage Group, up 3.7% at 1,052.5p, 12-month range 771.66p-1,181.00p. Shares in the enterprise software firm have been hit by artificial intelligence worries so far this year, losing 3%. But the Reuters report about possible takeover interest in New York-listed Workday Inc put software shares in focus in Europe on Friday. Sage suffered a near 10% slump in a single trading alone back in February, amid the perceived threat of agentic AI tools for software and data providers. The likes of Relx and Experian also suffered. Relx is up 2.5% in London. Sage Chief Executive Officer Steve Hare in a Linkedin post back in February set out his thoughts on the software sell-off. "At Sage, we're excited by the pace of AI innovation, and we see new advances in frontier models as complementary to our sector and category. These technologies will keep improving the tools available to everyone, including us. At the same time, finance is different. In accounting, payroll, tax and compliance, "nearly right" isn't right enough. Customers need outcomes they can trust: accurate, auditable, explainable, and under human accountability. That is where Sage is differentiated: decades of deep domain expertise, trusted systems of record, rich workflow context, and AI built for real business outcomes, not AI theatre," he said.

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By Eric Cunha, Alliance News news editor

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