Additional European Equity News

AstraZeneca (AZN LN) - Co. provided an update on FDA Advisory Committee vote on Lynparza plus abiraterone for metastatic castration-resistant prostate cancer. The committee voted 11 to 1, with 1 abstaining, that the indication should be limited to patients whose tumours have a BRCA mutation. (AstraZeneca) AstraZeneca said it is disappointed with FDA panel vote on Lynparza. (Newswires

BP (BP/ LN) - Q1 2023 (USD): Adj. Net 4.96bln (exp. 4.28bln). Revenue 57bln (exp. 57.5bln). Adj. EPS 0.28 (exp. 0.24). Announces a further USD 1.75bln share buyback programme. Operating Cash Flow 7.62bln (exp. 8.31bln)Sees Q2 oil prices remaining elevated. bp remains committed to using 60% of 2023 surplus cash flow for share buybacks, subject to maintaining a strong investment grade credit rating. BP sees Q2 refining margins below Q1 amid weaker middle distillate margins. (BP/Newswires) 

Carrefour (CA FP) - To continue with the share buyback programme for up to EUR 800mln. (Newswires)

Ferrexpo (FXPO LN) – CEO North to step down from 30th June, Genovese to take over thereafter. (Newswires)

Plus 500 (PLUS LN) – Statement ahead of the AGM: continued to deliver strong performance in FY23, driven by ongoing investments in product innovation to attract and retain high value customers. (Newswires)

Subsea 7 (SUBC NO) – Awarded a project offshore US Gulf of Mexico. (Globenewswire)

Telecom Italia (TIT IM) - CEO is reportedly seeking further improvements on the offer for the TIM network, according to Reuters citing sources on Friday. (Newswires) 

Traton (8TRA GY) – Lifts FY23 target, expects adj. operating return of 7-8% (prev. 6-7%), forecasts a 5-15% increase in sales volume and revenue confirmed. (Newswires)

UK Homebuilders - PM Sunak is reportedly looking into a first-time buyer boost after recent Labour pledges, said to be considering relaunching the Help to Buy scheme. (Times)

Banco Santander (SAN SM) downgraded to Hold from Buy at HSBC

Ferrari (RACE IM) initiated with Equal Weight at Barclays

ProSiebenSat.1 (PSM GY) downgraded to Neutral from Outperform at Exane BNP

Sanofi (SAN FP) downgraded to Sell from Hold at Deutsche Bank

02 May 2023 - 07:23- EquitiesResearch Sheet- Source: Newsquawk