Additional European Equity News

Adidas (ADS GY) - Co. ends the partnership with "Parley for the Oceans". (Newswires) 

AstraZeneca (AZN LN) - Imfinzi significantly improved overall survival and progression-free survival for patients with limited-stage small cell lung cancer in ADRIATIC Phase III trial. (AZN)

Lonza (LONN SW) - Co. entered manufacturing agreement for Acumen’s Alzheimer’s Disease Drug. (Newswires) 

SAP (SAP GY) - Desks highlight a negative Handelsblatt article which higlights five issues with the Co. (Newswires) 

Shell (SHEL LN) – Q1 Update Note: trading & optimisation seen significantly higher Q/Q; integrated gas trading & optimisation results to be strong, but significantly lower than an exceptional Q/Q compare. (Newswires)

Telecom Italia (TIT IM) – Signed a EUR 1.5bln bridge loan agreement with an 18-month maturity; to cover re-financing needs until the NetCo transaction completes. (Newswires)

UK Housing - UK Halifax House Prices MM (Mar) -1.0% vs. Exp. 0.1% (Prev. 0.4%, Rev. 0.3%). Halifax said " a monthly fall should occur following five consecutive months of growth is not entirely unexpected... house prices have shown surprising resilience in the face of significantly higher borrowing costs" Halifax added "Looking ahead, that trend is likely to continue. Underlying demand is positive, as greater numbers of people buy homes, demonstrated by recent rises in mortgage approvals across the industry and   underpinned by a strong labour market." (Halifax)

Direct Line (DLG LN) resumed with Sector Perform at RBC

05 Apr 2024 - 07:40- Research Sheet- Source: Newsquawk