Additional European Equity News

Carnival (CCL LN) - Co. announces the pricing of EUR 1bln 4.125% unsecured notes offering. (Newswires)

Domino's Pizza (DOM LN) - CEO Van Dyck to step down, after a year in the role. Jack Cowin to serve as interim Executive Chair. Co. shares fell as much as fell as much as 26% in Sydney trade (Newswires)

Greggs (GREG LN) - H1 Trading Update: Total H1 sales up 6.9% Y/Y to GBP 1.027bln. 2.6% LFL sales growth, with good progress in May followed by slower growth in June as high temperatures impacted consumer purchasing patterns. The Board now anticipates that the full year operating profit could be modestly below that achieved in 2024. (Greggs IR)

Kingspan (KGP LN) - UK CMA has opened a probe into Kingspan and Coverworld deal. (Newswires)  

National Grid (NG/ LN) - UK OFGEM has opened a probe into National Grid Electricity Transmission for North Hyde substation fire. (Newswires) 

Renewable Names - US Senate passed the Reconciliation Bill; within this, it provides improved conditions for the wind industry vs the original bill. (Newswires)

Ryanair (RYA ID) - June passengers +3% Y/Y, load factor unchanged at 95% in June. In June, 800+ Ryanair flights were cancelled amid the Middle East conflict. (Newswires)

Spectris (SXS LN) - KKR agrees to acquire Spectris for GBP 40/shr (vs GBP 38.30 close on Tuesday), representing a 6.3% premium to Advent's offer. (Newswires)

Wood Group (WG/ LN) - Co is advancing rare earths project in Mongolia. (Newswires) 

Worldline (WLN FP) - Co. is reportedly starting external audit on risky operations, according to reports. (Newswires)

Broker Moves

ASR Nederland (ASRNL NA) cut to neutral from buy at Goldman Sachs

Deutsche Lufthansa (LHA GY) downgraded to Market Perform from Outperform at Bernstein

Deutsche Lufthansa (LHA GY) downgraded to Sell from Neutral at Redburn

Forvia (EO FP) initiated with Buy at Jefferies

Land Securities (LAND LN) downgraded to Sell from Neutral at Kempen 

Norsk Hydro (NHY NO) cut to Hold from Buy at Norne Securities

Vestas Wind Systems (VWS DC) downgraded to Sell from Buy at DZ Bank

Vodafone (VOD LN) resumed with Equal Weight at Morgan Stanley

02 Jul 2025 - 07:34- ForexEU Research- Source: Newsquawk