Mixed performance: AMS jumps, Superdry slips after Europe open

Tuesday was shaping up to be a good day (or a bad one) for stock-pickers, with several high-profile stocks posting sharp moves.

AMS, the Austrian chipmaker that makes parts for Apple’s smartphones, rose 12 per cent in early action in Switzerland. The group posted an 18 per cent year-on-year rise in second quarter sales to $252.8m, beating analyst expectations in a FactSet poll of $243.6m. It projected third-quarter revenues of $450m - $490m, also besting estimates of $434.1m.

Fevertree, maker of posh tonic waters and other fizzy drinks, jumped 9.7 per cent in early London dealings after it boosted its profit forecast for the year.

Peugeot-owner PSA climbed 9.7 per cent in Paris after it reported record profits, and said its newly acquired Opel-Vauxhall unit swung to a profit.

Superdry dropped almost 8 per cent after Julian Dunkerton, co-founder, sold a large stake in the casual clothing maker.

UBS climbed 3.3 per cent in Switzerland after it unveiled a better than expected 12 per cent rise in pre-tax profits for the second quarter.