From Financial Modeling Prep: 2025-02-24 04:49:07

European stocks rose on Monday, with Germany’s DAX up 0.5% after the federal election results. The UK’s FTSE 100 also gained 0.5%, while France’s CAC 40 remained flat. Key Market Movers include the CDU/CSU victory in Germany, driving potential economic policy shifts under Friedrich Merz.

Prosus acquires Just Eat Takeaway for €4.1 billion in an all-cash offer at €20.30 per share. The deal, backed by Just Eat’s management, expands Prosus’ food delivery portfolio, which includes a 28% stake in Delivery Hero.

Belimo Holding AG reports strong 2024 earnings, with net sales up 13.1% to CHF 943.9 million. EBIT surged 19% to CHF 181.1 million, driven by strong Control Valves demand. The company raised its dividend by 12% to CHF 9.50 per share.

Oil prices decline as Kurdistan resumes exports, with Brent crude down 0.4% to $73.77 per barrel and WTI slipping 0.5% to $70.07. Kurdistan’s oil exports resumption and Russia-Ukraine peace talks weigh on prices. For more insights, check out the Industry P/E Ratio API for sector valuation trends.



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