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The best stock in Europe’s leading index of companies was a Norwegian offshore energy services provider, Subsea 7.
Heading into the final trading of the year, shares of Stoxx Europe 600 component Subsea 7
SUBC,
have gained 80% this year in local currency.
Other big movers include the Irish banking firm AIB
A5G,
up 70%; mental illness drugmaker Indivior
INDV,
up 44%; Anglo-South African financial services firm Investec
INVP,
up 40%; and struggling nuclear power plant operator Electricite de France
EDF,
up 22% as the French state looks to nationalize the company.
Of companies still in the Stoxx 600, the worst performer has been German forklift maker Kion Group
KGX,
which has dropped 72%, and Swedish real estate firm Norden
SBB.B,
down 71%.
HelloFresh
HFG,
the mealkit preparation firm that sizzled in 2021, has stumbled 69%. Credit Suisse
CSGN,
the Swiss banking giant struggling to retain assets, has dropped 67%, and specialist media company Future
FUTR,
has fallen 66%.
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