Additional European Equity News
Air France (AF FP) - Co. has submitted a non-binding offer for a stake in TAP. (Bloomberg)
Avolta (AVOL SW) - Co. wins 15-year food & beverage contract at Jacksonville International Airport (JAX), Florida
AstraZeneca (AZN LN) - Imfinzi plus Imjudo combined with lenvatinib and TACE demonstrated a statistically significant and clinically meaningful improvement in progression-free survival in embolisation-eligible unresectable liver cancer in EMERALD-3 Phase III trial. (AstraZeneca)
Eutelsat (ETL FP)/SES (SESG FP) - Amazon (AMZN) is reportedly in talks to purchase Globalstar (GSAT), FT reports citing sources. (FT)
Ex-dividends - Barratt Redrow (BTRW LN), IMI (IMI LN), Smiths (SMIN LN) will trade without entitlement to their latest dividends. (dividenddata)
Lloyds (LLOY LN) - Motor Finance Update: Co. does not currently believe any change to the provision for this issue is required, following the FCA's recent announcement. An update will be provided as appropriate with the first quarter results at the end of April. (Lloyds)
Renault (RNO FP) - Renault's Chairman Senard is looking to step down in 2027, according to Reuters citing sources. (Reuters)
Ryanair (RYA ID) - Reports March load factor 93%, flat Y/Y. (Ryanair)
PostNL (PNL NA) - From July 12, mailbox mail will be delivered within 2 days a standard rather than next day delivery. (PostNL)
Partners (PHGN SW) - The sale of Telepass, which is partly owned by Partners, has reportedly been halted according to Il Messaggero; offers were deemed as insufficient. (Il Messaggero)
SSE (SSE LN) - FY 2025 (GBP): Prelim Adj. EPS 147-152p, Adj. Net Income > 20bln. Operating profit expectations for the Group’s other Business Units, as well as all other forward-looking guidance previously provided, remains unchanged. (SSE)
Wizz Air (WIZZ LN) - Reports March load factor 90% (prev. 90.5% Y/Y), passengers +8.4% Y/Y. (Wizz Air)
Deutsche Bank (DBK GY) upgraded to Hold from Sell at Bankhaus Metzler
Kering (KER FP) upgraded to Neutral from Sell at Rothschild & Co Redburn
Norsk Hydro (NHY NO) upgraded to Buy from Sell at Goldman Sachs
Technip Energies (TE FP) upgraded to Buy from Neutral at Rothschild & Co Redburn