Additional European Equity News

Casino (CO FP) - Trading to resume at 08:00BST on July 5th. Updates on new money offers: decided to accelerate timetable for distribution of proposals. Adds, in any event current shareholders of Casino will be massively diluted and Rallye will no longer have control. (Newswires)

Julius Baer (BAER SW) - Effective 29 June 2023, the capital reduction as resolved by the Annual General Meeting of Julius Baer Group Ltd. on 13 April 2023 was executed by cancellation of 7,799,460 Julius Baer registered shares, bought back until 28 February 2023 under the share buyback programme launched in 2022. (Julius Baer)

Legal & General (LGEN LN) - Announces no change to strategy, solvency or dividends and is on track to achieve 5-year ambitions. Expects to generate GBP 8-9bln of capital and to grow EPS faster than DPS. FY22 IFRS 17 operating profit estimated at GBP 2.1bln. (Newswires)

Thales (HO FP) - Co. says cloud assets are the biggest targets for cyber attacks, as data breaches increase. 39% of businesses experienced a breach (Prev. 35% y/y) 75% of businesses store more than 40% of their sensitive data on the cloud (Prev. 26% y/y). (Newswires)

Nexi (NEXI IM) - Fitch raises long-term debt rating of the Co. to BB+ (Prev. BB)

Continental (CON GY) upgraded to Outperform from Neutral at BNP Paribas

Deutsche Boerse (DB1 GY) downgraded to Hold from Buy at Kepler Cheuvreux

Euronext (ENX FP) upgraded to Buy from Hold at Kepler Cheuvreux

Leg Immobilien (LEG GY) downgraded to Sell from Hold at Stifel Nicolaus

Societe Generale (GLE FP) upgraded to Outperform from Neutral at Oddo

Tag Immobilien (TEG GY) downgraded to Sell from Hold at Stifel Nicolaus

Vonovia (VNA GY) downgraded to Sell from Hold at Stifel Nicolaus

05 Jul 2023 - 07:25- EquitiesEconomic Commentary- Source: Newsquawk