Additional European Equity News

Amadeus (AMS SM) - Co. said it will carry out a share buyback programme for up to EUR 433mln. (Newswires) 

Barclays (BARC LN)/UBS (UBSG SW) - At least seven top Barclays investment bankers have resigned to join UBS in the US, according to Reuters sources.  

British American Tobacco (BATS LN) - H1 trading update. Co. maintains FY23 guidance. FY global tobacco industry volume expected to be down around 3%. Co. says performance in US combustibles has been disappointing. Co. expects performance to be H2-weighted. (Newswires)

Brenntag (BNR GY) - Co. has reportedly clashed with activist investors PrimeStone Capital and Engine Capital (who own 3% of Co. between them) over the timing of the Co's annual shareholder meeting, adding to tensions over strategy and governance. (FT)

Symrise (SY1 GY) - Co. has made a USD 544 million bid for Swedencare (SECARE SS), offering SEK 37.50/shr (vs close SEK 42.07 on Monday). (Newswires)

Unilever (ULVR LN) - Co. has reportedly started searching for a new chair to replace Nils Andersen in the latest leadership shakeup since activist investor Nelson Peltz began building a stake, according to FT sources. (FT)

UK Banks - UK banks reported pulled hundreds more home loan deals as fixed mortgage rates rise, according to Guardian. (Guardian)

06 Jun 2023 - 07:36- EquitiesEconomic Commentary- Source: Newswires

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