Additional European Equity News

Abrdn (ABDN LN) - H1 (GBP): Revenue 667mln (prev. 721mln), adj. Operating Profit 128mln (prev. 127mln), PBT 187mln (prev. -169mln), adj. EPS 0.068 (prev. 0.062), dividend 0.073/shr (prev. 0.073/shr). Guidance: "...while we have seen an improvement in market conditions in the first half, the outlook for global financial markets remains uncertain.". (Newswires)

Banking Names - BoE Resolvability assessment of major UK banks: "Today’s findings provide further reassurance that a major UK bank could enter resolution safely if needed: remaining open and continuing to provide vital banking services, with shareholders and investors – not public funds – first in line to bear the costs of failure. This continues to address the ‘too big to fail’ problem.". (BoE)

BMPS (BMPS IM) - Q2 (EUR): Revenue 1.0bln (exp. 0.98bln), Net 826mln (exp. 381mln), NII 585mln (exp. 579mln). Upgrades Outlook. (Newswires)

InterContinental Hotels Group (IHG LN) - H1 (USD): Reportable Segments - Revenue 1.1bln (prev. 1.03bln), Operating Profit 535mln (prev. 479mln), adj. EPS 2.03 (prev. 1.83). (Newswires)

IWG (IWG LN) - H1 (USD): Revenue 2.09bln (prev. 2.06bln), adj. EBITDA 274mln (prev. 245mln). (Newswires)

Novartis (NOVN SW) - Co. and Vitaris (VTRS) are subject to a lawsuit from the family of an individual whose tissue cells were taken in the 1950s for medical R&D. (Newswires)

Rightmove (RMV LN) - Reiterates FY24 revenue and margin guidance. Contract with OpenRent to expire on 1st September. (Newswires)

Schaeffler (SHA GY) - H1 (EUR): Revenue 8.276bln (prev. 8.208bln), adj. EBIT Margin 6.3% (prev. 7.6%), Integration with Vitesco is on track. Adj. FY Guidance: EBIT Margin 5-8% (prev. 6-9%), FCF 200-300mln (prev. 300-400mln). (Newswires)

Vat Group (VACN SW) upgraded to Sectorperform from Underperform at RBC

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