Additional European Equity News

Autos / Volkswagen (VOW3 GY) / Renault (RNO FP) - Several automakers have been fined a total of more than EUR 550mln after EU/UK watchdogs found multiple manufacturers co-ordinated positions on vehicle recycling, according to the FT. (FT)

Bakkavor (BAKK LN) - Receives agreement in principle from Greencore (GNC LN) on possible GBP 1.2bln offer. (Newswires) 

Bechtle (BC8 GY) - Awarded a Federal administration contract for trend micro security products, contract has total volume of EUR 216mln and runs for five years with an option of extension. (Newswires)

Credit Agricole (ACA FP) - ECB authorises the Co. to increase its Banco BPM (BAMI IM) stake to 19.9%; Credit Agricole says CET1 ratio to impacted by circa. -20bps in Q2'25. Does not intend to launch a public offer for capital of Banco BPM. (Newswires) 

Raspberry Pi (RPI LN) - Co. anticipates a steady build-up in demand throughout the year. FY Gross Profit per Unit exp. to increase Y/Y. (Newswires) 

Renault (RNO FP) - Co. to buyback 1mln shares, will cover employee shareholding plan obligations (Newswires)

Ryanair (RYA ID) - March traffic grows to 15mln, +10% Y/Y; load factors 93% (prev. 93% Y/Y). (Newswires) 

SSE (SSE LN) - For 2024/25 expects adj. EPS to be 155-160p. Affirms FY26/27 guidance for adj. EPS. (Newswires) 

Wizz Air (WIZZ LN) - March Traffic: Carried 5.1mln passengers, +6.4% Y/Y. Notes that summer bookings look encouraging with load factors currently 2-3% higher than this time last year in core summer months. (Newswires) 

Vodafone (VOD LN) - Co. announces that Anne-Françoise Nesmes will be appointed as a Non-Executive Director. (Newswires) 

Ipsen (IPN FP) upgraded to Buy from Hold at Deutsche Bank 

Lundbeck (HLUNB DC) downgraded to Hold from Buy at Deutsche Bank