Additional European Equity News

AstraZeneca (AZN LN) - Enhertu showed clinically meaningful and durable responses across multiple HER2-expressing tumour types in DESTINY-PanTumor02 Phase II trial. (AstraZeneca)

Aston Martin (AML LN) - At the recommencement of the F1 season, Co's driver Fernando Alonso finished in third place, with the Aston Martin Aramco Mercedes team in second position in the Constructor standing. (Newswires)

Nexi (NEXI IM) - The Italian Treasury, over the weekend, said it has started talks among parties over plans to cut card payment fees for shop owners. (Newswires)

Orpea (ORP FP) - Co. announced the continuation of its financial restructuring within the planned timetable and, as such, welcomes the convergence of its main banking partners on the principles of an agreement concerning the establishment of an additional financing and the adjustment of the financing documentation of June 2022. (businesswire)

Shell (SHEL LN) - Novatek is ready to buy out Shell's share (27.5%) in the Sakhalin-2 project, it has already informed the government about this, Kommersant writes, citing sources. (Kommersant) 

UK Defence Names - UK PM Sunak is preparing to increase the defence budget by GBP 5bln, far less than the ministry sought. (Times) 

UBS (UBSG SW) - Co said total performance-based bonus pool fell to USD 3.3bln from USD 3.7bln in 2021. (Newswires)

Accor (AC FP) upgraded to Overweight from Equal Weight at Barclays

Deutsche Lufthansa (LHA GY) upgraded to Buy at HSBC

InterContinental Hotels (IHG LN) downgraded to Equal Weight from Overweight at Barclays

Kingfisher (KGF LN) upgraded to Buy from Hold at Jefferies

Purplebricks (PURP LN) upgraded to Outperform from Neutral at Davy Research

Nestle (NESN SW) downgraded to Underperform from Sector Perform at RBC

06 Mar 2023 - 07:15- EquitiesResearch Sheet- Source: Newsquawk