Additional European Equity News

Bunzl (BNZL LN) - FY (GBP) Revenue 11.8bln (exp. 11.75bln), EBIT 799.3mln (exp. 922mln). Further GBP 200mln share buyback for 2025 is underway. (Newswires) 

BP (BP/ LN) - BP faces fresh pressure from Elliott to abandon its renewable projects and focus on oil and gas production, via The Times. (The Times)

Defence Names - Defence names are indicated to open broadly higher following the Oval Office bust-up between Trump/Zelensky; French President Macron's proposal to raise the EU's defence spending to 3.5% of GDP; Germany reportedly considering defence-specific funds in the formation of a new gov't. (Newswires) 

ING (INGA NA) - Announced share repurchase programme for max EUR 70mln. (Newswires) 

Senior (SNR LN) - Revenue 977mln (exp. 965mln). For year-ahead anticipates good growth in line with expectations. Aerospace H2 performance exp. to be higher than in H1. (Newswires) 

Sainsbury's (SBRY LN) - Sale of Argos Store Card portfolio. (Newswires) 

AB Inbev (ABI BB) upgraded to Buy from Hold at Deutsche Bank

Diageo (DGE LN) upgraded to Hold from Sell at Deutsche Bank

Novo Nordisk (NOVOB DC) downgraded to Hold from Stifel