Additional European Equity News

EQT (EQTB SS) - Cinven is reportedly in exclusive discussions with the Co. to purchase Idealista, via Expansion citing sources; value said to be near EUR 3bln. (Expansion)

Equinor (EQNR NO) - Speed and scale of energy transition must increase in order to reach 1.5-degree ambition. (Newswires) 

Fevertree (FEVR LN) - Trading Statement: Brand has continued to drive mark share gains across its regions. Remains comfortable with FY exp.; expects to deliver strong growth in FY24 in Australia. (Newswires) 

IAG (IAG LN) - Pilots at Aer Lingus, a part of the IAG group, are voting for industrial action amid disputes over pay. (Newswires) 

Remy Cointreau (RCO FP) - CEO says level of stock has not improved in the US; will keep strong discipline on costs this year. (Newswires) 

Safran (SAF FP) - Safran has been informed by Italian government of its decision to ultimately approve the sale of Safran Microtecnica. (Newswires) 

SAP (SAP GY) - CEO, speaking at the Klein conference, said the restructuring programme is running well. (Newswires)

Schroder (SDR LN) - FY NAV GBP 287.4mln, -4.4% Y/Y. (Newswires) 

UniCredit (UCG IM) - CFO says they are on track to add a few hundred million Euros on fees in 2024, Q2 confirms the good trend in Q1. Cost of risk guidance of sub-20bp for the year confirmed. Rates situation for 2024 to be a little better on average, Y/Y. Any FinTech acquisition, which they are considering, will not be meaningful. (Newswires)

06 Jun 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk