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Big share price moves in Europe today include German chemical group Lanxess, potash and salt maker K&S, UK travel booking company Trainline and German electricity company Encavis.

Lanxess: Shares in the German speciality chemicals company dipped 7 per cent as the group reported that its earnings before interest, tax, depreciation and amortisation dropped more than 44 per cent to €512mn in 2023.

Encavis: Shares in the German renewable electricity company jumped 26 per cent after private equity firm KKR launched a €2.8bn takeover offer.

Line chart of showing Encavis jumps on KKR takeover bid

Trainline: Shares in the rail and transport-booking group advanced 13 per cent after it posted net ticket sales of £5.3bn in the 12 months to February, a 22 per cent increase from the previous year. The group expects its earnings before interest, tax, depreciation and amortisation 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 upheaval it was “optimistic that the balance between supply and demand on the potash market can return this year”.

Via

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