Additional European Equity News

Anglo American (AAL LN) - Appoints John Heasley as Finance Director, effective December 1st. (Newswires) 

AstraZeneca (AZN LN) - AstraZeneca announces collaboration and investment agreement with Cellectis to accelerate cell therapy and genomic medicine ambitions. (AstraZeneca) 

Asos (ASC LN) – FY23 (GBP): adj. EBIT -29mln (prev. 44.1mln YY), Revenue 3.54bln (exp. 3.55bln). (Newswires)

Aston Martin (AML LN) – Q3 (GBP): adj. EBITDA 50.5mln (exp. 54mln), Revenue 362.1mln (exp. 369.1mln). Targets positive FCF in Q4. (Newswires)

Energy Names – Reuters reports that European energy Cos will likely write down more of their US offshore investments this week following impairments booked by the likes of BP (BP/ LN) and Equinor (EQNR NO). (Newswires)

Ferrovial (FER SM) - 9M (EUR): EBIT 426mln (prev. 294mln YY), EBITDA 700mln (prev. 521mln YY), Revenue 6.22bln (prev. 5.45bln YY). (Newswires) 

GSK (GSK LN) - Q3 (GBP): Sales 8.15bln (exp. 7.773bln), adj. EPS 0.504 (exp. 0.46). FY Guidance: EPS Growth 17-20% (prev. guided 14-17%), Sales Growth 12-13% (prev. guided 8-10%). Q3 dividend 0.14/shr, 0.565/shr expected for FY. FY23 guidance: COVID Solutions, turnover growth to be impacted by circa. 8%, Arexy sales 0.9-1.0bln (exp. 0.5748/shr). (Newswires)

Genus (GNS LN) - Preparing for commercialisation of PRP whilst regulatory approvals of various countries are in progress. (Newswires) 

Heineken (HEIA NA) – Appointed Glenn Caton as new European regional president. (Newswires)

Novartis (NOVN SW) - FDA approves Novartis Cosentyx® as the first new biologic treatment option for hidradenitis suppurativa patients in nearly a decade. (Newswires) 

Neste (NESTE FH) - Plans to simplify its organisational structure to improve efficiency and to strengthen long-term competitiveness. To cut 400 jobs globally. (Newswires) 

Next (NXT LN) – Q3 Trading Update (GBP): Full price sales +4.0% YY. Raises FY full price sales +3.1% YY (prev. guided 2.6%), PBT 885mln YY (prev. guided 875mln). (Newswires)

Nexi (NEXI IM) – Silverlake is reportedly interested in the Co., via Il Sole 24. (Il Sole 24)

Orsted (ORSTED DC) - Q3 (DKK): Net -22.6bln (prev. +9.36bln YY), EBITDA 9.17bln (prev. 12.3bln YY). Ceases development of Ocean Wind 1 & 2 offshore projects, to take a final decision on Revolution Wind and recognises 28.4bln of impairments. Provisions re. Ocean Wind 1 will negatively impact Q4 EBITDA, currently estimates provisions at 8-11bln. (Newswires)

Smurfit Kappa (SKG LN) - 9M Trading Update (EUR): EBITDA 1.63bln (prev. 1.77bln YY), Revenue 8.5bln (prev. 9.7bln YY), EPS 261.7p (prev. 333.4p YY). (Newswires) 

Sydbank (SYDB DC) - Q3 (DKK): Net 917mln (exp. 838mln), Core Income 1.89bln (exp. 1.87bln). (Newswires)

Weir Group (WEIR LN) – Appoints Brian Puffer as CEO. FY23 guidance reiterated. (Newswires)

Wood Group (WG/ LN) - Appoints Arvind Balan as CFO. (Newswires)

Wolters Kluwer (WKL NA) - 9M Trading Update: Adj. Op -2% YY, Revenue +4% YY. (Newswires) 

Asos (ASC LN) downgraded to Add from Buy at Numis

01 Nov 2023 - 07:20- Research Sheet- Source: Newswires