Additional European Equity News

Ashmore (ASHM LN) - FY23 (GBP): Pretax 119.4mln (prev. 164.1mln YY), Revenue 196.4mln (prev. 257.2mln YY). (Newswires) 

AstraZeneca (AZN LN) - Update on US regulatory review of Ultomiris in NMOSD. The CRL did not request additional analysis or reanalysis of the Phase III CHAMPION-NMOSD trial data included in the sBLA submission and did not raise concerns about the efficacy or safety data from the trial. (AstraZeneca)

Barratt Developments (BDEV LN) - FY23 (GBP): Adj. Pretax 884mln (prev. 1.05bln YY), Revenue 5.32bln (prev. 5.27bln YY). Appoints Nigel Webb as Independent Non-Executive Director effective October 1st. (Newswires)

Darktrace (DARK LN) – FY (USD): Net Income 58.95mln (exp. 46mln), adj. EBITDA 139mln (exp. 115mln), FCF 93mln, Gross Margin 89.8%. Confirms FY24 CC ARR & Revenue guidance, increase to underlying margin to reflect expected impact of changes to sales compensation structure. (Newswires)

Flight Names – UK Civil Aviation Authority to launch a independent review into the technical issues faced by air traffic control provider NATS on August 28th which resulted in widespread cancellations. (Newswires)

Hochschild Mining (HOCM LN) – H1 (USD): Revenue 314mln (prev. 347mln), adj. EBITDA 99mln (prev. 130mln). Revised Production Guidance, which mainly reflects impact of MEIA delays and development costs: 289-303k gold-equivalent/oz, 24.0-25.0mln silver-equivalent/oz. (Newswires)

Renault (RNO FP) - Implementation of share buyback programme. (Newswires) 

Restaurant Group (RTN LN) - H1 (GBP): Adj. PBT 7.2mln (prev. 10.2mln YY), Revenue 467mln (prev. 423mln YY). Increase in management expectations for FY23 EBITDA and excellent progress in executing medium-term plan. FY23 costs in line with prev. expectations. FY23 Net Debt expected between GBP 180-190mln. Target net debt/adj. EBITDA below 1.5x before end of FY25. (Newswires) 

Telefonica (TEF SM) - Saudi's STC Group has amassed a 9.9% stake in the Co., worth circa EUR 2.1bln, via Reuters citing sources. (Newswires)

Oxford Nanopore Technologies (ONT LN) – H1 (GBP): Net -70.1mln (prev. -30.2mln YY), adj. Ebitda -39.4mln (prev. -34.6mln YY), Revenue 86mln (prev. 122.3mln YY. (Newswires)

Amadeus (AMA SM) reiterated with Overweight at Barclays 

Partners Group (PGHN SW) reiterated with Equal Weight at Barclays 

Vestas Wind Systems (VWS DC) initiated with Underweight at Barclays 

06 Sep 2023 - 07:05- EquitiesResearch Sheet- Source: Newsquawk