Additional European Equity News

AstraZeneca (AZN LN) - Discontinuation of STABILIZE-CKD and DIALIZE-Outcomes Phase III trials due to substantially increased enrolment timelines and low event rates, respectively, which made it prohibitive to deliver study results within a timeframe to meaningfully advance clinical practice. (AstraZeneca)

Alstom (ALO FP) - To transfer GBP 2.7bln Thales (HO FP) UK Pension scheme obligations. (Newswires) 

Capricorn Energy (CNE LN) – FY23 CapEx and OpEx guidance remains unchanged; production to average 30k BOEPD (prev. guided 32-36k). (Newswires)

Fincantieri (FCT IM) - Acquires Remazel Engineering. (Newswires) 

Neste (NESTE FH) – Co. and Eppendorf forge a strategic partnership to develop a new line of renewable lab plastics. (Newswires)

Siemens (SIE GY) - UK CMA regulator to probe Siemens / Heliox deal. (Newswires)

Signify (LIGHT NA) - Announces new customer-centric organization and structural cost reductions: New operating model includes four verticalized businesses to enhance customer-centricity and speed of execution; structural measures to reduce non-manufacturing costs, generating expected annualized savings in excess of EUR 200mln; changes to be implemented through 2024. (Newswires)

Ashtead (AHT LN) downgraded to Hold from Buy at Canaccord

AIB Group (A5G ID) downgraded to Neutral from Buy at Goldman Sachs

Rational (RAA GY) upgraded to Buy from Hold at Hauck & Auhauser 

TomTom (TOM2 NA) upgraded to Neutral from Sell at Kempen 

Kloeckner & Co. (KCO GY) upgraded to Buy from Hold at Bankhaus Metzler 

01 Dec 2023 - 07:05- EquitiesEconomic Commentary- Source: Newsquawk