Automotive Painter

Christian Wallentin has stepped down as CFO of AUTO1 Group, Europe's leading digital automotive platform, citing family reasons. He will remain available to the company as a senior adviser. CEO and Co-Founder Christian Bertermann will take over CFO responsibilities immediately whilst the Supervisory Board conducts an advanced search for a permanent successor. AUTO1 Group operates in over 30 countries and employed 8,600 people at the end of 2025. The company generated revenue of €8.2 billion in 2025 and sold 842,000 cars. It has been listed on the Frankfurt Stock Exchange since February 2021 and is part of the MDAX index.

European shares slide to over-one-month lows as Brent breaches US$100. Energy was the only sector in positive territory Published Thu, Sep 10, 2026 · 05:57 AM * The Stoxx 600 closed 1.4 per cent lower at 640.41 points on Wednesday. PHOTO: REUTERS EUROPEAN shares dropped on Wednesday (Sep 9) to their lowest in more than a month after crude prices surged above the key US$100 a barrel mark as escalating Middle East tensions heightened inflation concerns and dampened risk appetite. The pan-European Stoxx 600 was down 1.4 per cent at 640.41 points, hitting the lowest since late July. Most of the regional bourses also traded sharply lower. Finland's blue chips were a bright spot, firming 0.8 per cent to hit their highest in nearly three months. Fortum led gains on the Stoxx 600, climbing 15.8 per cent after the Finnish energy group signed a long-term power purchase agreement with Google. The tech giant said it would invest at least €13 billion (US$15.1 billion) in AI infrastructure in Finland over the two years. Brent futures topped US$100 a barrel for the first time since late July after Iran and the US struck tankers in the biggest wave of shipping attacks since the war began, raising the prospect of further disruptions to Middle East energy supplies. Energy was the only sector in positive territory, up 0.3 per cent, while all other major sectors declined. The Euro Stoxx volatility index rose 2.17 points to its highest level in a week. Asean intelligence. Get insights into businesses across South-east Asia "Higher oil prices mean higher inflation expectations, which also means higher chances of interest rate hikes and the higher bond yields," said Kiran Ganesh, managing director, global head of investment communications at UBS. "So oil is the key driver, and it's having a compounding negative impact on equities over the past few days." With volatility rising, investors appeared reluctant to add risk ahead of a packed run of central-bank decisions and economic data that could shape expectations for growth and borrowing costs. Euro zone government bond yields reached fresh multi-year highs on the day before the European Central Bank meeting as traders priced in two hikes in 2026 and a 3.1 per cent rate by late 2027. "There is a risk that, the ECB perhaps overreacts to the move in oil prices, and then that causes a more negative impact on the rest of the economy," Ganesh said. Markets widely expect the ECB to raise rates on Thursday, according to LSEG-compiled data, with US inflation figures later this week also likely to influence trading. France plans to reduce, but not abolish, the exceptional corporate tax surcharge imposed on very large companies in its 2027 budget, Prime Minister Sebastien Lecornu said in a letter to executives, pledging tax stability to support growth. Among other movers, shares of Auto1 Group SE shed 6.4 per cent after Christian Wallentin stepped down as CFO of the German-based online platform for buying and selling used cars. Zara owner Inditex fell 3.6 per cent after the Spanish fast-fashion retailer reported weaker than expected second-quarter profit. REUTERS Share with us your feedback on BT's products and services