On this episode of Stock Movers:

- Vodafone returned to growth in Germany, after bringing on 1&1 AG as a new wholesale customer in its biggest market.
- Hensoldt shares fall as much as 9.3% as analysts find the German defense firm’s guidance for next year and for 2030 disappointing and say the company’s valuation is demanding.
- Jefferies says looking for 2026 earnings support within the European chemicals space including companies such as Croda is “like searching for mirage in the desert.”