Additional European Equity News

Adyen (ADYEN NA) - Partners with Prada (1913 HK) to delivery luxury payment experience for customers. (Newswires) 

British American Tobacco (BATS LN) - On track to deliver FY24 guidance with H1 delivery in line with expectations. Expects H1 Rev and and Adj. Profit from operations to be down by low-single digits on an organic constant currency basis. H2 acceleration driven by phasing of innovation in new categories. Sees FY global tobacco industry volume to be down around 3%. (Newswires) 

Chip Names - Foxconn (2317 TT) to construct an advanced computing centre within Taiwan, based on the Nvidia (NVDA) Blackwell platform. (Newswires) 

Epiroc (EPIA SS) - Epiroc wins large mining equipment order in India at about SEK 215mln. (Newswires) 

Frasers (FRAS LN) - Co. and XXL (XXL NO) are close to agreeing a strategic partnership to strengthen XXL's position in Norway. (Newswires) 

LondonMetric (LMP LN) - FY (GBP): Dividend 0.102 (exp. 0.10), Rental Income 177.1mln, ERPA Earnings 121.6mln. (Newswires) 

Vivendi (VIV FP) – Canal and MultiChoice issued a combined circular to Multichoice shareholders regarding mandatory offer by Canal+ to acquire MultiChoice shares it does not own. Canal+ to acquire MultiChoice shares that it does not own for ZAR 125/shr. (Newswires)

Vistry (VTY LN) - Terms agreed for 1750 new homes for around GBP 580mln. (Newswires) 

Wizz Air (WIZZ LN) - May 2024 Traffic 5.13mln passengers at 91% load factor. (Newswires) 

Worldline (WLN FP) - Credito Emiliano concedes to Worldline for possbile sale of merchant book acquiring. (Newswires) 

Allianz (ALV GY) downgraded to Neutral from Buy at Citi

Carnival (CCL LN) upgraded to Buy from Add at Peel Hunt

Continental (CON GY) initiated with Underperform at Bernstein

Generali (G IM) added to Citi’s Europe Focus List

04 Jun 2024 - 06:58- EquitiesResearch Sheet- Source: Newsquawk