Additional European Equity News

Aker BP (AKRBP NO) - FY production forecast revised to between 420-440MBOEPD (prev. 410-440MBOEPD). H2 production expected to be impacted by maintenance. (Newswires)

Anglo American (AAL LN) - Fitch affirms Co. at BBB+ on planned transformation; outlook stable. (Newswires) 

Auto Names - US Car Sales, Q2: BMW (BMW GY) +2.4%, Porsche (P911 GY) +9.6%, Vokswagen (VOW3 GY) +31%, Audi -12.4%

BPER Banca (BPE IM) - Unipol (UNI IM) has raised its stake of BPER to 24.62% on June 21st (pre. 19.85%). Filing added Uniopl has no plans to further raise stake over the next 6 months. (Newswires) 

BMW (BMW GY) - Q2 North American brand sales +3.7% Y/Y at 91.237k (prev. 87.948k). (Newswires)

DEUTZ (DEZ GY) - Co. resolves on a 10 % capital increase against cash contributions from authorized capital, with the exclusion of pre-emption rights. (EQS News) Shares seen opening -3.2%.

Eurofins Scientific (ERF FP) - Eurofins refutes "baseless allegations and misleading information spread by Muddy Waters". (businesswire)

EQT (EQT SS)/Keywords Studios (KWS LN) - EQT has agreed to purchase Keywords Studios for GBP 24.50/shr (vs GBP 23.18 close on Tuesday). (Newswires)

Grifols (GRF SM) - An entity of the Co, Scranton Enterprises, said it has reached an agreement with a private investor to refinance EUR 377mln in debt at one of its units. (Newswires)

GSK (GSK LN) - A Delaware judge has dismissed a request by Co. and other drug makers to end Zantac cancer lawsuits, allowing over 70,000 lawsuits to go ahead. (Times/Reuters) Separately, Co. and Curevac's (CVAC) collaboration has been restructured. Curevac receives EUR 400mln upfront and up to an additional EUR 1.05bln while GSK assumes full control of developing and manufacturing candidate vaccines. (Newswires)

Marks & Spencer (MKS LN) - Co. faced shareholder question over its GBP 0.03 dividend as bosses receive millions in bonuses. (Times) 

Nordex (NDX1 GY) - Co. has secured orders for 245MW from France and Türkiye at the end of June. (Newswires)

Rheinmetall (RHM GY) - Italy is reportedly planning a EUR 20bln tank order from the Co., via Handelsblatt citing sources. (Handelsblatt )

Rio Tinto (RIO LN) - Macquarie says it expects higher output across all operations except for Canada. (Newswires)

Roche (ROG SW) - Roche sued startup Foresight Diagnostics and Stanford University, claiming Foresight misused its genetic-sequencing trade secrets to make competing cancer-detection products. (Reuters) 

Skanska (SKAB SS) - Co. is to repair a US naval shipyard for around USD 100mln. (Newswires)

Vodafone (VOD LN) - Extends network sharing agreement with VMED O2. (Newswires)

ASM International (ASM NA) initiated with Buy at Stifel

Diageo (DGE LN) upgraded to Buy from Neutral at Citigroup

Eni (ENI IM) resumed with Equal Weight at Morgan Stanley

European Materials downgraded to Market Weight at Barclays

European Utilities upgraded to Overweight at Barclays

EQT (EQTB SS) downgraded to Hold from Buy at Deutsche Bank

H&M (HMB SS) upgraded to Buy from Sell at at Deutsche Bank

Maersk (MAERSKB DC) upgraded to Buy at BofA

JD Sports (JD/ LN) downgraded to Underweight from Equal Weight at Barclays

Valmet (VALMT FH) initiated with Underweight at Barclays

03 Jul 2024 - 07:28- EquitiesResearch Sheet- Source: Newsquawk