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European Markets Rise with Energy Companies But France’s CGG Plunges as Suitor Walks – TheStreet

August 9, 2023
in Trade Tube
Reading Time: 1 min read
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European stock indices rebound as energy companies recover after a shaky start to the week in most of Asia, where Japanese Prime Minister Shinzo Abe wins an electoral mandate to continue an economic reform program dubbed Abenomics. Tullow Oil, Royal Dutch Shell, BP and Total are among the oil-sector gainers. But in Paris seismic surveyor CGG plunges more than 30% after suitor Technip, which also provides services to the oil industry, abandons a takeover proposal following fruitless talks. And in London after a difficult year retailer Carpetright surges as strong first-half results prompt a broker upgrade.

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