Brenntag SE (BNR.HM)
- Simply Wall St.
Brenntag And Two Other Leading Dividend Stocks In Germany
Amid a mixed performance in European markets, with Germany's DAX experiencing a slight decline, investors continue to navigate through an environment marked by cautious optimism and policy adjustments. In such a landscape, focusing on dividend stocks like Brenntag can offer potential stability and income, qualities particularly valued in times of economic uncertainty.
- Reuters
Brenntag shares fall as chemicals price pressures hit forecast
Brenntag's shares dropped sharply on Tuesday after the German chemicals distributor lowered its annual earnings forecast and missed first-quarter estimates due to price pressures and lower-than-expected demand in some areas. Brenntag said that higher volumes were not making up for lower prices, without giving exact figures. "Finding the right price points at this moment is a little bit tricky as we have not been fully meeting the expectations in Q1," said CEO Christian Kohlpaintner in an analyst call.
- Reuters
UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes
European shares were subdued on Tuesday as investors braced for a key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. After strong gains last week, investors are at bay for two days now ahead of the U.S. producer prices inflation data and Powell's remarks, one day prior to the market-moving consumer prices inflation data, for clues on the Fed's interest rate-cut outlook.
