Additional European Equity News

Airbus (AIR FP) - Co. said that a "vast majority" of around 6000 jets were modified, and now less than 100 A320 jets require change. (Airbus) 

BMPS (BMPS IM) - Italy's Economy Ministry said it had acted "properly" in placing shares in the BMPS. (Reuters) 

Clariant (CLN SW) - Leadership transition in its Business Unit Care Chemicals Marcelo Lu to join Clariant in January 2026 as President Designate for Care Chemicals & America, following Christian Vang's upcoming retirement in 2026. (Clariant)

easyJet (EZJ LN) - Provides a statement regarding Airbus (AIR FP); highlights that outlook remains in line with FY25 results. (easyJet) 

EsslorLuxottica (EL FP) - Chief Wearables Office Basilico is reportedly to depart the Co. (la Repubblica)

Melrose (MRO LN) - CFO Gregory is to retire in 2026, with McCluskey to replace him starting May 2026. (Melrose) 

Plus 500 (PLUS LN) - Clearing partnership with CME and Fanduel. Plus500 will provide brokerage-execution and clearing services for FanDuel Prediction Markets, a non-clearing Futures Commission Merchant (FCM) and joint venture between CME Group and FanDuel (part of Flutter Entertainment plc). (Plus 500)

Santander (SAN SM) - The UK's Competition Authority has reportedly cleared Santander's purchase of TSB, according to Cinco Dias. (Cinco Dias)

Subsea 7 (SUBC SS) - Awarded a sizeable contract between USD 50-150mln by Ithaca Energy. (Subsea 7)   

Serco (SRP LN) - Co. awarded a UK Prison Contract worth GBP 500mln. (Newswires)   

Telefonica (TEF SM) - El Economista reports that Telefonica is planning to install 3k base stations in Germany over the next couple of years. (El Economista)

UK Banks - Cos expect capital requirements to be eased this week following a BoE review. FPC will, on Tuesday, deliver the first assessment of capital frameworks for six years, alongside stress test results; a review that is set to outline that UK rules are more stringent than elsewhere. (FT)

GS Conviction List - Adecco (ADEN SW) and SSE (SSE LN) removed from Goldman Sachs' Conviction List. 

JP Morgan Top Pick - Analysts name ASML (ASML NA) its "Top Pick", citing a substantial increase in DRAM spot prices since Sept. Also highlights that BE Semi (BESI NA) will benfit from an up-cycle. 

Leg Immobilien (LEG GY) upgraded to Buy from Hold at Deutsche Bank 

Reckitt (RKT LN) upgraded to Overweight from Equal Weight at Barclays 

Richemont (CFR SW) upgraded to Buy from Hold at Deutsche Bank 

TotalEnergies (TTE FP) downgraded to Hold at HSBC

01 Dec 2025 - 07:15- EquitiesEU Research- Source: Newsquawk