Additional European Equity News

AstraZeneca (AZN LN) - Tagrisso achieved unprecedented survival in early-stage EGFR-mutated lung cancer, with 88% of patients alive at five years in ADAURA Phase III trial. (AstraZeneca) AstraZeneca said Andexxa Phase IV trial stopped early after achieving pre-specific criteria vs usual care. (Newswires) 

Airbus (AIR FP) - IATA Airlines head says carries are "beyond frustrated" by the aircraft-makers' manufacturing delays (Newswires) 

Axa (CS FP)/ Nexity (NXI FP) - Axa Investment Manageres said it has bought a land plot from Nexity, FT earlier reported the deal was worth some EUR 150mln. (Newswires)

Bayer (BAYN GY) - New data presented at 2023 American Society of Clinical Oncology (ASCO) Annual Meeting highlights Vitrakvi safety and efficacy in NTRK gene fusion cancer. (Business Wire)

Diageo (DGE LN) - Board appoints Debra Crew as interim CEO with immediate effect as CEO Ivan Menezes is currently in hospital and is set to retire on June 30th. (Newswires)

Chip Names - TSMC (2330 TT) plans to raise prices by 3%-6% from January 2024. (Digitimes)

European Equities - Morgan Stanley downgrades European Financials to Neutral, upgrades Pharmaceuticals to Overweight, and upgrades Food Retailing to Neutral. (Newswires)

IAG (IAG LN) - CEO said Q2 and Q3 demand is super storng, but there are questions over Q4. (Newswires)

NatWest Group (NWG LN) - Co's Pension Fund is said to be looking to sell one-fifth of its Australian NSW Land Registry Service. (AFR)

Novo Nordisk (NOVOB DC) - Co. purchases a controlling stake on Biocorp for EUR 154mln. (Newswires)

Pirelli (PIRC IM) - Italian government's investigations into shareholder Sinochem uncovered evidence of attempts by Sinochem to interfere with the Co's strategies and operations. (La Stampa) 

Teleperformance (TEP FP) - Co. and Goldman Sachs International (GS) announced a long term incentive plan. (Newswires)

Telecom Names - A majority of EU countries have reportedly rejected a push by telecoms to force large tech firms help fund the 5G rollout, according to Reuters sources. (Newswires) 

Adecco (ADEN SW) upgraded to Hold from Reduce at Kepler Cheuvreux

ASM international (ASM NA) downgraded to Hold from Buy at Degroof Petercam

Bollore (BOL FP) downgraded to Hold from Buy from Kepler Cheuvreux 

Restaurant Group (RTN LN) upgraded to Buy from Hold at Deutsche Bank

Rio Tinto (RIO LN) upgraded to Buy from Hold at Deutsche Bank

Tui (TUI LN) upgraded to Buy from Hold at Deutsche Bank

05 Jun 2023 - 07:53- Research Sheet- Source: Newsquawk