Additional European Equity News

Ashtead (AHT LN) - Q1 (USD): Revenue 2.7bln (prev. 2.6bln Y/Y), EBITDA 1.28bln (prev. 1.22bln Y/Y). CFO Micheal Pratt to retire Sept 2025, Alex Pease to succeed. (Newswires) 

AstraZeneca (AZN LN) - Co. advances ambition to improve standards of care in multiple cancer types at wclc and esmo 2024. (Newswires) 

BBVA (BBVA SM) - Gets authorisation from prudential regulation authority for BBVA's indirect acquisition of control of TSB Bank, a banking unit of Banco Sabadell (SAB SM). (Newswires) 

DS Smith (SMDS LN) - Trading Update: Overall trading for current FY in line with management expectations; implementation of combination of International Paper (IP) and DS Smith remains on track. (Newswires) 

Eutelsat (ETL FP) - Co. and Softbank collaborates to offer low latency connectivity for businesses in Japan. (Newswires) 

Legrand (LR FP) - Announced acquisitions of Upsistemas in Colombia and App in Australia. (Newswires) 

Melrose (MRO LN) - Appointed Ian Barkshire as non-exec director. (Newswires) 

Nokia (NOKIA FH) - Co. and Ruckus Networks collaborate to deliver integrated fibre and wifi in campus. (Newswires) 

Orstead (ORSTED DC) and Ibedrola (IBE SM) - Cos are among winners of British renewable power auction. (Newswires) 

Ryanair (RYA ID) - August traffic at 20.5mln guests; Load factor 95%. (Newswires) 

Rolls Royce (RR/ LN) - Says it is committed to working closely with Catahy Pacific, re. XWB-97 engines. (Newswires) 

Semiconductor Equipment Spending - DigiTimes reports that semiconductor equipment spending in China is poised to fall through 2027, while new forces emerge in Europe, Japan, and the US, where spending will surge, according to SEMI. (SEMI) 

STMicroelectronics (STM) - STM is set to begin production at its new 8-inch silicon carbide substrate plant in Chongqing, China, two months ahead of schedule, DigiTimes reports. (DigiTimes)

Wizz Air (WIZZ LN) - Aug traffic at 6.2mln passengers; load factor 95.4%. Op. set capacity -0.4% Y/Y due to Pratt & Whitney GTF engine-related groundings. (Newswires)

Watches of Switzerland (WOSG LN) - Trading Update: Trading in-line with expectations. On track to deliver FY25 guidance; says demand for luxury brands remains strong. (Newswires) 

Deutsche Bank (DBK GY) upgraded to Overweight from Equal Weight at Barclays 

03 Sep 2024 - 06:55- Research Sheet- Source: Newsquawk