Additional European Equity News

B&M European (BME LN) - FY25 (GBP): Adj. EBITDA 620mln (prev. 616mln Y/Y), Revenue 5.57bln (prev. 5.37bln Y/Y). Notes that sales performance was below expectations amid challenging market headwinds. Redomicile process now focused to Jersey and exp. to be completed within calendar year. (Newswires) 

Banco Santander (SAN SM) - Santander is reconsidering appointing Alexsandro Broedel Lopes as chief accounting officer amid a legal case from his previous role at Itau Unibanco, BBG reports. The Spanish bank has initiated a new internal search for the position ahead of the planned July start. (BBG)

Foxtons (FOXT LN) - Targets GBP 50mln adj. op. profit in the medium term (Newswires) 

Ryanair (RYA ID) - Reports May Load Factors 95% (prev. 95% Y/Y). (Newswires) 

Ocado (OCDO LN) - Private placement of high yield notes. To repurchase GBP 100mln in 11% unsecured notes due 2030. (Newswires) 

Swedbank (SWEDA SS) - Investor Day: Targets cost-to-income ratio below 0.4 and CET1 buffer of 200bps. Sets dividend policy at 60-70%. (Newswires) 

S4 Capital (SFOR LN) - AGM Statement: FY Net Year Revenue exp. to be low single digits. FY EBITDA target remains unchanged. Clients remain generally cautious given the uncertainty. (Newswires)