Additional European Equity News

Airbus (AIR FP) - Airbus unveils a new "stretched" A220-500 Aircraft which would provide fuel savings of 20-30% versus current jets and a modern design allowing the company to evade large investments. (Newswires)

BMW (BMW GY) - Recalls 90,000 cars due to defective Takata airbags and warns owners to not drive until replaced. (Newswires)

Darktrace (DARK LN) – Appoints Bucknor to the board. (Newswires)

Edison (EDN IM) – Q1 (EUR): Sales 6.1bln (prev. 7.1bln), Net Profit 288mln (prev. 27mln), EBITDA 544mln (prev. 357mln). Sees FY23 EBITDA between 1.4-1.6bln. (Newswires)

Galp Energia (GALP PL) – Q1 (EUR): adj. EBITDA 864mln (exp. 869mln), adj. Net 250mln (exp. 289mln). FY23 guidance maintained. (Newswires)

Halma (HLMA LN) – Agreed to acquire Sewertronics for EUR 41mln. (Newswires)

IHG (IHG LN) - Q1 2023 Trading update: group RevPAR +33% vs 2022, with Americas +18%, EMEAA +64% and Greater China +75%. Group RevPAR +6.8% vs 2019, with Americas +11.1%, EMEAA +9.7% and Greater China -9.1%. Keith Barr, Group CEO to step down and to be succeeded by Elie Maalouf, Americas CEO". (Newswires) 

Krones (KRN GY) - Q1 2023 (EUR): Revenue 1.20bln (exp. 1.13bln). EBITDA 114.9mln (exp. 107mln). Net 63.5mln (prev. 40.1mln). (Newswires) 

Dufry (DUFN SW) upgraded to Overweight from Equal Weight at Morgan Stanley