Additional European Equity News

ACS (ACS IM) - ACS’s Turner signed a USD 1.7bln project labour agreement with Battery Park Authority for flood protection around luxury skyscrapers in New York. (Cinco Dias) 

Baloise Holding (BALN SW) - CFO Carsten Stolz to step down as of December 31. (Newswires)

Dankse Bank (DANSKE DC) - Pharma Equity Group A/S agreement with the bank will terminate on 1st January 2026. (Newswires)

Ericsson (ERICB SS) - Co. enters a strategic partnership with Lotusflare to accelerate the adoption of network API’s. (Newswires)

Elis (ELIS FP) - Co. acquires JP Muller, a laundry facility in France, for an undisclosed fee. (Newswires) 

Hugo Boss (BOSS GY) - CEO says the new strategy does not involve job cuts as its goal. (Newswires) 

Hochtief (HOT GY) - Co. agrees an investment of EUR 169mln into Vulcan. Hochtief expands strategic partnership with Vulcan Energy to supply lithium for 500k EVs annually. Investment also comprises EUR 39mln investment into the Lionheart project and subscription of up to EUR 230mln in Vulcan shares. (Hochtief)

Leonardo (LDO IM) - Global cybersec center inaugrated in Malaysia. (Newswires) 

Sainsbury's (SBRY LN) - Bloomberg reports that Qatar is to sell its stake worth around GBP 273mln in the Co. (Bloomberg) 

Senior (SNR LN) - Co. awarded contract by Airbus (AIR FP), with delivery to begin in Q1'26. Says "it has been awarded a multi-year contract by Airbus for the design, qualification and manufacture of various highly engineered Aerospace Standard parts for fluid conveyance applications". (Senior) 

Smith’s Group (SMIN LN) - Co. announces the sale of Smith’s Detection to CVC Capital Partners, with the deal valued at GBP 2bln. Co. expects net cash proceeds of EUR 1.85bln and will return proceeds to shareholders. (Newswires)  

UK Motor Finance / Lloyds (LLOY LN) / Close Brothers (CBG LN) - UK FCA announced a complaint handling pause policy, to be lifted on May 31 2026. FCA says it is likely that it will go ahead with the scheme. Adds that leasing complaints are excluded from further extension and are not within the scope of proposed compensation scheme. (FCA) 

Weir (WEIR LN) - Capital Markets Event: Reaffirms guidance. Says "Our full year guidance for growth in constant currency revenue and operating profit, operating margins of circa 20% and delivery of free operating cash conversion of between 90% and 100% as of 31 July 2025 remain unchanged". (Weir) 

Buzzi (BZU IM) downgraded to Neutral from Overweight at JPMorgan 

Bayer (BAYN GY) upgraded to Overweight from Equal Weight at Morgan Stanley 

Drax (DRX LN) upgraded to Overweight from Equal Weight at Morgan Stanley 

E.ON (EOAN GY) upgraded to Overweight from Equal Weight at JPMorgan 

Whitbread (WTB LN) downgraded to Hold from Buy at Deutsche Bank 

03 Dec 2025 - 07:20- EquitiesEU Research- Source: Newsquawk