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Rheinmetall Sinks 16% as Germany Scraps €12.8B F126 Frigate Program
Rheinmetall (ETR: RHM) suffered its worst single-day drop ever on June 24, 2026, falling as much as 16% intraday before stabilizing around –13% by 09:06 GMT. Germany’s defence ministry scrapped the delayed F126 frigate program, eliminating a €12.8 billion contract that Rheinmetall had been set to lead. TKMS shares surged 9.8% in response, marking the…
Rheinmetall (ETR: RHM) Falls 15% After Germany Scraps F126 Frigate Program; TKMS Jumps
Rheinmetall shares came under strong pressure after Germany made a surprise decision to cancel the F126 frigate program. The move triggered a sharp reaction across European defense stocks, with investors reassessing future naval contracts and long-term order visibility. The cancellation also shifted attention toward rival shipbuilder TKMS, which saw a strong upside in trading. The…
European Stocks Rally as Oil Falls Near $93 on US-Iran Diplomatic Hopes; STOXX 600 Holds Gains
When oil falls, European stocks gain, and that trade is playing out precisely on June 12, 2026. The pan-European STOXX 600 navigated a choppy session this week as oil prices hovered near $93 per barrel following one of the biggest exchanges of hostilities between the US and Iran since the two countries agreed to a…
Volkswagen Leadership Crisis: HR Chief Post Vacant for 11 Months, May 30
Volkswagen’s HR chief role vacant 11 months after Gunnar Kilian departed. Family and labor union disputes block replacement amid company crisis.
Mutares Stock May 24: New Bond & Portfolio Shake-Up
Mutares stock news: Bond issuance and portfolio updates drive investor attention on May 24.
Thyssenkrupp Stock May 23: Government Stake Fuels Rally
Thyssenkrupp stock rallies as German defense ministry considers stake in TKMS marine division. Steel IPO replaces Jindal sale talks.
Mutares Stock May 23: New Bond & Portfolio Shake-Up
Mutares SE: German turnaround holding announces bond issuance and portfolio updates. Buy-and-build strategy continues ahead of shareholder meeting.
HORNBACH Holding AG & Co. KGaA Climbs 1.79% on Steady Earnings
HBH.DE stock rises 1.79% after reporting €6.43B sales growth and stable dividend despite higher costs and weak German construction demand.
HORNBACH Holding AG Stock Slips 0.25% as DIY Retailer Awaits Earnings
HBH.DE stock falls 0.25% to €78.30 on XETRA. DIY retailer faces earnings announcement May 19. Meyka AI rates stock B+ with Buy recommendation.