Additional European Equity News

Aviva (AV/ LN) -  FY21 (GBP): adj. Operating Profit 1.63bln (prev. 1.80bln), Total Dividend 0.2205 (prev. 0.21), Life New Business Sales 36.7bln (prev. 29.9bln), General Insurance GWP 8.8bln (prev. 8.3bln). Giving each employee GBP 1k in Co. shares. Increasing cost saving target to 750mln. Propose a return of capital of 2.75bln to holders of ordinary shares via A B share scheme. (Aviva)

Hiscox (HSX LN) - FY21 (USD): Gross Written Premiums 4.269bln (prev. 4.033bln Y/Y). Co. says it has negligible exposure to Russia. For 2023, the outlook is looking brighter with respect to investment income.

Persimmon (PSN LN) - FY21 (GBP): Underlying pretax 973mln (prev. 863.1mln Y/Y). Revenue +8% Y/Y. Co. anticipates that increases in selling prices will mitigate inflationary costs. (Newswires)

Ryanair (RYA LN) - Feb load factor 86% (prev. 78% Y/Y). Executive says bookings fell 20% after the Ukrainian invasion. (Newswires)

Telecom Italia (TIT IM) - Reports citing Italian press suggest the Co. is to scrap its dividend on common stock. Co. is expected to outline its alternative to the EUR 10.8bln takeover offer from KKR. (Newswires) Telecom Italia is to report later on Wednesday

AB Foods (ABF LN) downgraded to Hold from Buy at SocGen

HelloFresh (HFG GY) upgraded to Neutral from Underperform at Exane BNP

OMW (OMW AV) downgraded to Underweight from Equal Weight at Barclays

02 Mar 2022 - 07:43- EquitiesResearch Sheet- Source: Newsquawk