Additional European Equity News

Atos (ATO FP) - Agreement reached between Atos and Unisys regarding the lawsuit filed by Unisys against Atos and two Atos employees. Settlement will have only a limited impact on net debt and leverage with respect to its projections for Q4' 24 and 2025. (Newswires) 

Anglo American (AAL LN) - Completes Serpentina transaction; Vale (VALE) to pay USD 157.5mln for 15% shareholding in Minas-Rio. (Newswires) 

Assa Abloy (ASSAB SS) - Acquires 9Solution in Finland; exp. to be EPS accretive from the start. (Newswires) 

Basic Resource/Mining Names - Chinese copper traders have stopped purchasing US copper scrap since mid-November, fearing potential tariffs when US President-elect Donald Trump assumes office on January 20th, Bloomberg reports. The move could exacerbate the existing shortage of recycled copper. (Bloomberg)

Ryanair (RYA ID) - Nov Load Factor at 92% (prev. 92% Y/Y), Traffic +11% to 13mln guests. (Newswires) 

SSP (SSPG  LN) - FY24 (GBP): Pretax profit 119mln (prev. 88mln Y/Y), Op Income 206mln (prev. 167mln Y/Y); notes of strong rev. growth in H2'24. Guides initial FY25 Op. Income 230-260mln. (Newswires) 

Saint Gobain (SGO FP) - Closes the acqusition of Kilwaughter in construction chemicals; Facade Mortars generated GBP 50mln in revenues in 2024. (Newswires) 

WPP (WPP LN) - Completion of FGS Global Transaction; exp. to be earnings neutral by 2025. (Newswires) 

Wizz Air (WIZZ LN) - Nov Load Factor 91.5%, +3.1% Y/Y. Carried 4.84mln passengers, +1.7% Y/Y. (Newswires)

Azimut (AZM IM) downgraded to Hold from Buy at Deutsche Bank 

03 Dec 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk