Stock Movers Johnson Matthey Falls, Enel Powers On, SAP Dips
Feb 23, 2026
A sharp share drop after a deal price cut rattles a major materials company. A European utility ramps up billions in renewable and storage investments across the US and Europe. European software names wobble amid tariff noise and new AI security moves from US rivals.
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Honeywell Cuts Price And Johnson Matthey Shares Plunge
- Honeywell cut its purchase price for Johnson Matthey’s Catalyst Technologies unit from £1.8bn to £1.3bn, hitting Johnson Matthey shares hard.
- Chloe Mellie said the revised price and the drop in value overshadowed the company's plan to return about £1bn to shareholders.
Enel Raises Investment Plan And Shifts To Mature Markets
- Enel will invest about €53bn through 2028, increasing its plan by roughly €10bn and focusing on renewables like wind and battery storage.
- Chloe Mellie noted the shift back to mature markets such as the US and Europe for policy stability and dividend growth targeting ~6%.
Tariff And AI Fears Pressure SAP Stock
- SAP and other European tech stocks fell amid layered uncertainty from a new 15% global tariff and AI worries affecting US peers.
- Chloe Mellie highlighted Trump's tariff announcement and ongoing AI disruption fears as compounding pressure on SAP.