Additional European Equity News
Coca Cola HBC (CCH LN) - H1 (EUR): EBIT 649.8mln, +11.8% Y/Y. "Now expect to deliver growth in organic revenue and EBIT at the top end of our guided ranges for 2025." (Newswires)
Glencore (GLEN LN) - H1 2025 (USD): Revenue 117.396bln (exp. 111.1bln), adj. EBITDA 5.43bln (exp. 5.59bln), Net Income -655mln (exp. 1.25bln), adj. EBITDA 5.43bln (exp. 5.59bln), adj. EBIT 1.8bbln (exp. 2.0bln). Announced (in July) a buyback of up to USD 1bln following the cash and Bunge (BG) shares received for the Viterra sale. Buyback represents less than 40% of the received share value. To pay the second tranche of base dividend in September. This, alongside the buyback, takes 2025 announced shareholder returns to USD 3.2bln. Production: Copper impacted by various factors, which "significantly impacted H1 2025 production at Collahuasi, Antamina, Antapaccay and KCC, with all these operations expecting a substantial step-up in H2." (Glencore)
Hiscox (HSX LN) - H1 (USD): Pretax Profit 276.6mln (exp. 181mln). Board has approved an interim dividend of 14.4c/shr. Reaffirms guidance. (Newswires)
Ferrexpo (FXPO LN) - H1 2025 (USD): Revenue 452.6mln, Adj. EBITDA 4mln, Adj. FCF -24mln. Co. notes of a HY impairment loss of USD 154mln. Co. says due to ongoing suspension of VAT refunds, group has been forced to downscale operations to one pelletising line in H1; says outlook for H2 2025 is challenging. (Newswires)
Legal and General (LGEN LN) - H1 2025 (GBP): core operating EPS +9% Y/Y (exp. 6-9%), pretax 406mln (+28% Y/Y), core op. profit 859mln (+6% Y/Y), investment management AuM 1.12tln (exp. 1.12tln) solvency ratio 217%; announces dividend of 0.061 (as exp.), intends to return more to shareholders over 2024-27 (Legal and General)
Metro Bank (MTRO LN) - H1 (GBP): PBT +45.1mln (prev. -26.8mln Y/Y), Revenue 286.1mln (prev. 234mln Y/Y). Reconfirms FY guidance. (Newswires)
Vonovia (VNA GY) - CEO says positive upward trend in property values is picking up noticeably. (Newswires)
06 Aug 2025 - 07:08- ForexEU Research- Source: Newsquawk
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