Continental shares rally as guidance eases profit concerns (Il Sole 24 Ore Radiocor) - Milan , 04 Jul - In Frankfurt trade, shares of German tyre and auto component manufacturer Continental were up 7.35% after it released guidance that eased concerns about its future profitability.

In Paris, shares of Pluxee, the employment benefit company spun off from the French catering giant Sodexo, were down 11.07% after the company reported lower-than-expected revenue growth in its fiscal third quarter.

Shares of Swedish telecommunication equipment supplier Ericsson were down 2.54% in Stockholm after it said that it will book a non-cash impairment charge of 11.4 billion crowns in the second quarter of 2024, primarily reflecting lower anticipated market growth rates in the portfolio of its US cloud communication subsidiary Vonage.

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(RADIOCOR) 04-07-24 13:10:13 (0329) 5 NNNN