Additional European Equity News

BNP Paribas (BNP FP) - Commences second tranche of the GBP 300mln share repurchase programme. (Newswires) 

Daimler Truck (DTG GY) - CEO expects more headwinds into H2. (Newswires) 

Engie (ENGI FP) - H1 (EUR): Net Income (Ex-nuclear) 3.10bln (exp. 3.1bln), EBITDA 5.1bln (prev. 5.6bln Y/Y). Notes that electricity demand in the US is massive. Affirms guidance. (Newswires) 

IAG (IAG LN) - Q2 (EUR): Adj. EPS 0.27 (prev. 0.16 Y/Y), Adj. Op. Income 1.88bln (prev. 1.31bln Y/Y), Revenue 15.9bln (prev. 14.7bln Y/Y); FX is now exp. to be small tailwind H2. Continues to see robust demand for air travel and for brands across core markets. (Newswires)

Intertek (ITRK LN) - H1 2025 (GBP): Revenue 1.67bln (exp. 1.69bln), adj. EBIT 276mln (exp. 336mln), adj. FCF 266mln. Interim dividend 0.573/shr. On track to deliver medium-term targets. (Newswires)

IMI (IMI LN) - H1 (GBP): Revenue 1.09bln (exp. 1.08bln), EPS 0.56 (prev. 0.55 Y/Y). Affirms guidance. (Newswires) 

Melrose (MRO LN) - Adj. Revenue 1.72bln (prev. ). Guidance for FY unchanged. (Newswires) 

Pearson (PSON LN) - H1 (GBP): Adj. Op. Income 242mln (prev. 219mln Y/Y), Revenue 1.72bln (prev. 1.75bln Y/Y); affirms outlook. (Newswires) 

Playtech (PTEC LN) - Trading Update: Expects Adj. EBITDA for H1'25 to be at least EUR 90mln. (Newswires) 

SAP (SAP GY) - To acquire SmartRecruiters. Will close in Q4. Details not disclosed. (Newswires)