Additional European Equity News

Aegon (AGN NA) - Co. appointed David Herzog as Chair, effective Nov 13. (Aegon) 

Airbus (AIR FP)/ Leonardo (LDO IM) - The Norway government has confirmed that all court proceedings have finished. NHI is to take back all helicopters and all associated parts for an agreed cash amount of EUR 305mln. (Newswires)  

BP (BP/ LN) - Co. unlocks value and divests non-controlling interests in US onshore midstream assets for USD 1.5bln; BP target of USD 20bln of divestments by the end of 2027 Co. divests non-controlling interests in Permian and Eagle Ford midstream assets to private investor Sixth Street. Agreement enables bp to unlock capital from infrastructure, while retaining operatorship and control of strategic midstream assets. Transaction delivers a material contribution towards BP's 2025 expected divestment proceeds and target of USD 20bln of divestments by the end of 2027.

Campari (CPR IM) - Italian prosecutors have seized EUR 1.3bln from the co. over alleged tax evasion. (Newswires)

Eni (ENI IM) - Co. to become equal owners with Petronas on new JV Satellite Company in Indonesia and Malaysia, with the new company to be formed in 2026. The agreement follows on from a framework agreed upon in June 2025 to form a new entity that will manage 19 assets in Indonesia and Malaysia. (Eni)

Sandoz (SDZ SW) - Co. is one of 36 drugmakers and executives to face nearly all the claims in an antitrust lawsuit brought by most US states for conspiracy to fix prices of 80 generic drugs. (Newswires)

UK Budget / Housing - UK Chancellor Reeves is reportedly considering higher bands of council tax to target expensive homes, via FT citing sources who said the idea is well established, the discussion is on the implementation; would reportedly raise several billion pounds. (FT)

Unite Group (UTG LN) - Co. expects at least GBP 13.7mln annual run-rate synergies following the purchase of Empiric. (Unite)

Airbus (AIR FP) reiterated with a Buy at Goldman Sachs

BP (BP/ LN) upgraded to Outperform from Neutral at Santander

Glencore (GLEN LN) upgraded to Buy from Hold at Kepler Cheuvreux  

Remy Cointreau (RCO FP) downgraded to Neutral from Buy at Goldman Sachs

Societe Generale (GLE FP) upgraded to Buy from Hold at Kepler Cheuvreux

Swiss Life Holding (SLHN SW) initiated with a Hold at Kepler Cheureux

Traton (8TRA GY) upgraded to Hold from Sell at Metzler

Vodafone (VOD LN) downgraded to Sell from Neutral at UBS 

03 Nov 2025 - 07:07- EquitiesEU Research- Source: Newsquawk