Additional European Equity News

BASF (BAS GY) - Indicated that it may start earlier with its share buyback program, depending on the Coatings transaction. (BASF)

National Grid (NG/ LN) - Pre-close update: group performing as expected, underlying EPS expected to be weighted towards H2. (National Grid)

Pennon (PNN LN) - Co. appoints Keith Haslett as new CEO, expected to join in 2026 as current CEO Susan Devy retires. (Newswires)

Prosus (PRX NA) - Successful completion of the tender offer for Just Eat Takeaway.com (TKWY NA). (Prosus)

Ryanair (RYA ID) - September update: 19.4mln guests, +2% Y/Y. (Newswires)

SSE (SSE LN) - Update ahead of 6-month results: expect to report HY adj. EPS 0.33-0.37, in line with usual seasonal averages and with full year performance expectations remaining unchanged. (SSE)

Stolt-Nielsen (SNI LN) - Q3 (USD): Revenue 699mln, EPS 1.20 (prev. 1.85). Narrows guidance, FY adj. EBITDA seen between USD 750-790mln. (Stolt-Nielsen)

Tesco (TSCO LN) - H1 (GBP): adj. EPS 0.154 (prev. 0.144), Revenue 36bln (exp. 34.66bln), adj. Sales 33.05bln (prev. 31.4bln), interim Dividend 0.048/shr (prev. 0.0425/shr). FY Guidance: expect adj. operating profit 2.9-3.1bln (prev. guided 2.7-3.0bln), reiterates FCF guide. (Tesco)

TomTom (TOM2 NA) - Co. and Hyundai Motor (005380 KS) have signed a multi-year agreement, equipping all vehicles across Europe with TomTom technology as standard. (Hyundai)

Wizz Air (WIZZ LN) - September update: 6.26mln passengers, +8.8% Y/Y; Seat Capacity 7.6% Y/Y. (Newswires)

3i Group (III LN) upgraded to Buy from Neutral at UBS. 

BT (BT/A LN) downgraded to Underperform from Neutral at BNP

Swisscom (SCMN SW) upgraded to Outperform from Neutral at BNP

02 Oct 2025 - 07:05- ForexEU Research- Source: Newswires