Additional European Equity News

Aurubis (NDA GY) - Q1 2022 (EUR): Operating EBT 125mln (prev. 164mln Y/Y). Co. guides FY23 pretax around the upper end of the EUR 400-500mln guided range. (Newswires)

Banca Monte dei Paschi (BMPS IM) - Banco BPM (BAMI IM) CEO over the weekend ruled out a potential acquisition of Monte dei Paschi. (Newswires)

Diageo (DGE LN) - Co. has launched a partial tender offer for shares in East African Breweries to raise its stake to a maximum of 65% from the current 50.3%. (Newswires) 

GAM (GAM SW) - Shareholder Global Emerging Markets (GEM) have upped their stake in GAM to 5% from 3.13%, according to Reuters. (Newswires)

Just Group (JUST LN) - Co. said it is committed to its target f 15% growth in underlying operating profit. 9Newswires) 

Mining names - Newcrest Mining (NCM AT) received a non-binding indicative offer from Newmont (NEM) in which Newcrest shareholders would be entitled to receive 0.38 Newmont shares for each Newcrest share held. (Newswires)

Nestle (NESN SW) - CEO said Nestle will have to raise prices of its food products further to offset higher production costs. (Frankfurter Allgemeine Zeitung)

Nexans (NEX FP) - Entered into exclusive negotiations to sell its Telecom Systems Business, closing expected in H1-2023. Unit in question has a turnover of EUR 200mln. (Newswires)

Novartis (NOVN SW) - FDA has accepted Sandoz Biologics' License Application for proposed biosimilar denosumab. (Newswires)

Renault (RNO FP) - Co. and Nissan (7201 JT) boards have approved alliance reset. (Newswires) 

Volvo (VOLV SS) - FY22 vehicles sales +19% Y/Y. (Newswires)  

Carl Zeiss (AFX GY) downgraded to Hold from Buy at Berenberg

Lloyds (LLOY LN) upgraded to Overweight from Equal Weight at Barclays

Natwest Group (NWG LN) downgraded to Equal Weight from Overweight at Barclays

Outukumpu (OUT1V FH) downgraded to Reduce from Accumulate at Inderes

Telenor (TEL NO) upgraded to Buy from Hold at Nordea

Virgin Money (VMUK) downgraded to Equal Weight from Overweight at Barclays

Wienerberger (WIE AV) downgraded to Hold from Buy at Stiefel Nicholaus

Zur Rose (ROSE SW) upgraded to Neutral from Sell at Citi

06 Feb 2023 - 07:26- EquitiesExclusive- Source: Newsquawk