Additional European Equity News
Airbus (AIR FP) - Delivered around 316 airplanes in H1 (Prev. 297 in H1 2022), +6%, according to Reuters citing sources. (Newswires)
CHR Hansen (CHR DC) – Q3 (EUR): adj. EBIT 92mln (exp. 93mln), Revenue 335mln (exp. 345mln), Organic Growth 9% (prev. 9.7%). EBIT margin outlook maintained, FY organic growth seen at 9-11%, FCF seen around 200-230mln (prev. 180-220mln). (Newswires) In connection with merger agreement Novozymes and the Co. have agreed on certain restrictions in respect of distributions of their shareholders until completion of proposed merger. The Co. can make a dividend pay-out in respect of its earnings for the period September 1, 2022 and August 31, 2023. (Newswires)
Ferrexpo (FXPO LN) - In Production Report for Q2; Reported LTIFRS 0.31 (5-yr trailing average 0.69), Total Iron Ore Pellet Production 1.066bln tonnes, +18% from Q1. (Newswires)
FTSE 100 ex-Dividend - Next (NXT LN) and JD Sports (JD/ LN) will trade without entitlement to their latest dividend. (Newswires)
LondonMetric (LMP LN) - Sells five long income and urban assets for GBP 43mln. (Newswires)
Man Group (EMG LN) - To acquire Varagon Capital Partners for USD 183mln in cash, which will be funded by exiting internal resources. (Newswires)
Peab (PEABB SS) - Builds apartments and health care center in Linkoping for AB Stangastaden for a contract worth SEK 346mln. (Newswires)
Wizz Air (WIZZ LN) - Appoints Phit Lian Chong as an independent Non-Executive Director with immediate effect. (Newswires)
Victrex (VCT LN) – Q3 (GBP): Revenue 72.3mln (Prev. 93.4mln), -23%. Seeing ongoing macro-economic weakness and destocking across several end markets. (Newswires)
Heidelberg Materials (HEI GY) downgraded to Hold from Buy at HSBC. Shares seen -2.8% pre-market
Iberdrola (IBE SM) downgraded to Neutral from at Goldman Sachs
06 Jul 2023 - 07:15- EquitiesEconomic Commentary- Source: Newsquawk
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