Additional European Equity News

ASM International (ASM NA) - Announces outcome of prelim assessment new export regulations; based on a prelim assessment newly issued US export controls are largely in line with previous assumptions. Revenue guidance for Q4'24 and and FY25 unchanged. Expects H2'24 sales to increase by over 15% compared to H1. Expects China sales to be low to high 20's% of total sales in 2025; expects China equipment sales to drop in H2'24.     New US export controls exp. to impact other segments. (Newswires)

Boeing (BA/ LN) - Awarded USD 111.9mln US Navy contract. (Newswires) 

Campari (CPR IM) - Nominates Simon Hunt as CEO, effective Jan 15 2025. (Newswires) 

Drax (DRX LN) - Andy Skelton has informed the co. his intention to retired from Board and as CFO. (Newswires) 

Ericsson (ERICB SS) - Co. won multiyear and multibillion Bharti Network contract. (Newswires) 

HarbourVest Global (HVPE LN) - Metage Capital, an activist investor, has written to the Co's board demanding it revamp its strategy as the Co. has not delivered shareholder value. (FT)

MediaForEurope (MFE IM) / Prosiebensat 1 Media (PSM GY) – UniCredit (UCG IM) is to lead a pool of banks to finance a EUR 3.4bln bid by MediaForEurope for Prosiebensat in late 2025, according to Il Messaggero Daily. (Il Messaggero Daily)

Novo Nordisk (NOVOB DC) - Novavax (NVAX) announced sale of Czech manufacturing site to Novo for USD 200mln. (Newswires) 

Nuclear Power - China may approve up to 100 new nuclear reactors by 2035, aiming to become the world's largest operator of atomic power, Bloomberg reports. The country is also positioning itself to be a major exporter of nuclear technology, with a target of 10 reactor approvals annually, following a record 11 in 2024.

Stellantis (STLAM IM/STLAP FP) - Co. Chairman picks outgoing Apple (AAPL) CFO Maestri as new CEO of the Co., according to Corriere Della Sera Daily (Corriere Della Sera Daily); A Stellantis spokesperson later denied the report.

Vodafone (VOD LN) - Simon Dingemans to join the Board as a non-exec director. (Newswires)

Ageas (AGS BB) upgraded to Overweight from Neutral at JPMorgan

Hugo Boss (BOSS GY) upgraded to Buy from Add at Baader Helvea

Pernod Ricard (RI FP) upgraded to Hold from Sell at Deutsche Bank 

Remy Cointreau (RCO FP) downgraded to Sell from Hold at Deutsche Bank 

Swiss Life (SLHN SW) downgraded to Reduce from Hold at HSBC 

04 Dec 2024 - 07:10- ForexResearch Sheet- Source: Newsqauwk