Additional European Equity News

Boohoo (BOO LN) - Frasers Group (FRAS LN) discloses 10.4% (Prev. 9.1%) stake in the Co. as of Aug 31. (Newswires)

Direct Line (DLG LN) - Issues statement on past business review. Redress estimate at GBP 30mln. Review following implemeentation of FCA pricing practices regulation from 1 Jan 2022. (Newswires)

GSK (GSK LN) - GSK’s regulatory submission accepted for review by Japanese regulator for use of Nucala (mepolizumab) in adults with chronic rhinosinusitis with nasal polyps. (GSK)

Reckitt (RKT LN) - Licht to take over as CEO on 1 October 2023. (Newswires)

Salzgitter (SZG GY) – Following the Aurubis announcement around their FY EBT guidance, Salzgitter has suspended its earnings guidance for the FY, guidance will be adjusted accordingly when Aurubis updates. Due to Salzgitter holding a 29.99% stake in Aurubis. (Newswires) -4.8% in pre-market trade

SAS (SAS SS) - Q3 (SEK): Op 1.58bln (Exp. 1.54bln), Revenue 13.2bln (Exp. 13.4bln). Making progress on Chapter 11 process in the US, to increase capacity this winter YY. (Newswires)

Saint-Gobain (SGO FP) - Divests its glass processing business in Slovakia, which generated EUR 20mln in 2022 and employs 150 people. (Newswires)

Aurubis (NDA GY) downgraded to Neutral from Outperform at Oddo Securities 

Groupe Bruxelles Lambert (GBLB BB) initiated with Buy at Kepler Cheuvreux

Repsol (REP SM) upgraded to Overweight from Equal Weight at Morgan Stanley

Pernod Ricard (RI FP) reiterated with Outperform at Credit Suisse

Pernod Ricard (RI FP) reiterated with Overweight at Barclays