Additional European Equity News

Boohoo (BOO LN) - Frasers Group raises stake to 17.2% (prev. 16.5%). (Newswires) 

Compass Group (CPG LN) – On December 1st Co. entered into a deal to purchase USD 250mln worth of ordinary shares, purpose is to reduce share capital. (Newswires)

Credit Agricole (ACA FP) – Announced that the ECB raised its CET1 requirement to 9.7% (current 8.9%), as part of a supervisory review. (Newswires)

Eiffage (FGR FP) - Strengthens its presence in Netherlands with acquisition of Van Den Pol Elektrotechniek. Subject to approval and is expected to be completed in early 2024. (Newswires)   

Enel (ENEL IM)/Snam (SRG IM)/Terna (TRN IM) – Firms to received over EUR 1.8bln from the EU’s REPowerEU transition fund, via Il Sole 24. (Newswires)

easyJet (EZJ LN) - Collaborates with Collins Aerospace to enhance safety oversight, pilot training and operation efficiencies. (Newswires) 

Kongsberg Gruppen (KOG NO) - Awarded framework agreement for the maintenance of Norwegian frigates worth up to NOK 17bln. (Newswires) 

Oil Names - Venezuela on Sunday approved a referendum called by the government of President Maduro to claim sovereignty over an oil- and mineral-rich area of Guyana, according to AP News. (AP News)

Petrofac (PFC LN) – Examining a range of strategic and financial options, to strengthen balance sheet and securing bank guarantees and improving short-term liquidity. No longer expects to meet guidance previously provided for FY cash flow. Exploring potential new financial options across all capital classes. Considering the sale of non-core assets, in talks with investors to take non-controlling positions in some of the business portfolio. (Newswires)

Playtech (PTEC LN)/888 (888 LN) - Playtech reportedly made a written indicative approach to acquire 888 at 156p a share in July, only for it to be rejected as undervaluing the company, according to the Times. (Times) 

Ryanair (RYA ID) – November load factor 92% (prev. 92% Y/Y); passenger traffic 11.7mln (prev. 11.2mln Y/Y), +4%. (Newswires)

Standard Chartered (STAN LN) - CEO says lack of data is hindering green transition. (Newswires) 

Valneva (VLA FP) - Reported positive antibody persistence data twenty-four months after vaccination with a single dose of its chikungunya vaccine IXCHIQ®, further supporting the anticipated long-term durability of the immune response and in line with positive twelve-month persistence data the Company reported in December 2022. (Valneva)

Wizz Air (WIZZ LN) – November: 4.76mln passengers carried, +29.3% Y/Y; load factor 88.4%. (Newswires)

Worldline (WLN FP) / Alstom (ALO FP) - Cos may exit CAC 40 in review, according to Les Echos. (Les Echos)

Aeroports de Paris (ADP FP) upgraded to Neutral from Underperform at Oddo 

Anheuser-Busch Inbev (ABI BB) downgraded to Hold from Buy at Deutsche Bank 

Freenet (FNTN GY) downgraded to Neutral from Buy at Goldman Sachs 

Fraport (FRA GY) upgraded to Outperform from Neutral at Oddo 

Glencore (GLEN LN) reiterated with Equal Weight at Barclays 

Rolls-Royce (RR/ LN) reinstated with Buy at Goldman Sachs

Royal Unibrew (RBREW DC) upgraded to Hold from Sell at Deutsche Bank 

Telenor (TEL NO) upgraded to Buy from Sell at Goldman Sachs

Telia (TELIA SS) upgraded to Buy from Neutral at Goldman Sachs

Wihlborgs Fastigheter (WIHL SS) downgraded to Hold from Sell at DNB Markets 

04 Dec 2023 - 07:05- Research Sheet- Source: Newsquawk