Additional European Equity News

BBVA (BBVA SM) - Adjusts its offer for Sabadell (SAB SM) to take into account interim dividend payments. Offers 1 share for every 5.0196 Sabadell share. (Newswires) 

Brembo (BRE IM) / Pirelli (PIRC IM) - Successfully completed ABB stake sale in Pirelli. Sale for EUR 282.9mln or EUR 5.07/shr. (Newswires) 

European Banks - Barclays cuts European banks to Market Weight from Overweight; says as part of its European Equity Strategy that it takes profit on Banks amid weak EU growth. (Newswires) 

Euronext (ENX FP) - Expands its services with the acquisition of AcuPay. (Newswires) 

JD Sports (JD/ LN) - H1 (GBP): Revenue 5.03bln (exp. 5.01bln, prev. 4.78bln Y/Y), PBT 405.6mln (exp. 372mln, prev. 397.8mln Y/Y). Reiterates PBT guidance. Says experiencing currency headwinds this year due to the strong GBP vs EUR and USD. (Newswires) 

Ryanair (RYA ID) - Sept load factor 94%; traffic 19.1mln guests, +10% Y/Y. (Newswires) 

Saga (SAGA LN) - In response to earlier Sky News reports; says, is in discussions with Ageas (AGS BB) with regard to a potential partnership agreement for its insurance business. (Newswires) 

Skanska (SKAB SS) - Builds a data centre in Arizona for USD 241mln. (Newswires) 

Nordex (NDX1 GY) - Receives order for 66 MW from the UK. (Newswires) 

Wizz Air (WIZZ LN) - Sept 2024 traffic; carried 5.76mln passengers, +3.9% Y/Y. Sept seat capacity +4.8% Y/Y, load factor at 91.7%. (Newswires) 

UniCredit (UCG IM) - Moody's affirms rating; highlights potential for upgrade of bank's stand alone rating above Italian sovereign. Will consider potential for UniCredit's stand-alone rating upgrade to BAA2 in event of UniCredit buying Commerzbank (CBK GY). (Newswires) 

02 Oct 2024 - 06:55- EquitiesResearch Sheet- Source: Newsquawk