Editorial companion

What stands out

Vestas rallied as much as 19 percent after lifting its profit guidance and announcing a share buyback, a rare day when clean-energy demand and corporate capital return met in the same headline. Hermes slipping after Deutsche Bank trimmed price targets reminds us that luxury is still hostage to consumer tone and analyst narrative during second-quarter earnings. Kingspan’s move to buy BMC Manufacturing Group for an initial €850 million is an acquisitive response to slower organic growth. These are tidy examples of how firm-level news, not macro headlines, often drives the biggest intraday moves.