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.
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”.