Big share price moves in Europe today include German chemical group Lanxess, potash and salt maker K&S, British travel booking company Trainline, and German electricity company Encavis.
Lanxess: Shares of the German specialty chemicals company fell 7 percent, as the group announced that its earnings before interest, taxes, depreciation and amortization fell more than 44 percent to 512 million euros in 2023.
Enkavis: Shares of the German renewable electricity company jumped 26 percent after private equity firm KKR launched a €2.8 billion takeover bid.
Trainline: Shares in the rail booking and transport group rose 13 per cent after it recorded net ticket sales of £5.3bn in the 12 months to February, an increase of 22 per cent on the previous year. The group expects its earnings before interest, taxes, depreciation and amortization for this year to be higher than its previous expectations.
K&S: Shares in the salt, potash and magnesium maker rose 5 per cent after the company said that after two years of turmoil, it was “optimistic that the balance between supply and demand in the potash market can return this year”.
