Aug 12, 2026 · 6 min
European earnings split the market between winners and losers
ABN Amro Jumps, Vestas Surges, TUI Falls
The episode shows how company-specific results and geopolitical tensions are producing sharply different outcomes across European stocks.
- 1ABN AMRO’s strong second-quarter results and cost controls support a significant market move.
- 2Vestas combines strong wind-turbine orders with a more optimistic profit outlook.
- 3TUI’s mixed performance shows how geopolitical tensions can weigh on travel stocks.
Don't miss
Louise Moon contrasts Vestas’s strong orders and profit outlook with TUI’s geopolitically pressured performance.
The brief
Stephen Carroll and Lizzie Burden frame a European market update around three companies moving in sharply different directions after their latest results.
Bloomberg reporter Louise Moon explains how ABN AMRO’s strong second-quarter performance and cost-control measures helped drive its gains.
Vestas stands out for stellar wind-turbine orders and a stronger profit outlook, giving investors another reason to push the stock higher.
TUI offers the counterpoint: its mixed performance reflects how geopolitical tensions can complicate the outlook for travel companies.
Together, the moves show why earnings beats and raised guidance can lift individual stocks even as broader risks remain unresolved.
What was said on this episode
8 statements · 5 positive · 2 negative · 1 mixed
ABN Amro reported strong results and raised its net interest income outlook.
“Second quarter results this morning pretty strong. So profits beat expectations. They raised the outlook for net interest income.”
Listen at 0:59
ABN Amro shares gained about 6% and had risen about 35% year-to-date.
“shares gaining up about 6 or so percent this morning. They have already risen about 35% this year.”
Listen at 1:08
ABN Amro’s cost controls, AI use, and acquisition have benefited the company.
“the CEO has been prioritizing cost controls. So things like job cuts included in that efficiency. So also using AI and they have and also acquisition. And so this has been benefiting ABM Ambro”
Listen at 1:17
Vestas’s price increases have not reduced its turbine orders, which continue climbing.
“they have increased prices. But that obviously hasn't impacted orders. Those orders still climbing”
Listen at 2:18
TUI’s tours-and-activities unit performed strongly.
“the unit that offers tours and activities did really well.”
Listen at 2:56
The Middle East war negatively affected TUI overall.
“overall they've been really hit by the Middle East. The impact from the Middle east war”
Listen at 3:01
TUI’s hotel, resort, cruise, and airline businesses weakened, including a €20 million cruise hit.
“hotel and resorts, that unit profit dropped. Their cruise unit also got 20 million euro hit and the airline in particular also pulled lower.”
Listen at 3:08
TUI reiterated its profit outlook but suspended revenue guidance.
“They did reiterate their profit outlook, but they've suspended their revenue guidance”
Listen at 3:23
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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