Additional European Equity News
Flight Names – Airlines are to be banned from hitting holidaymakers with extra fees for printing boarding passes under laws being drafted by the UK Government, to be unveiled in the Kings Speech. (Telegraph)
Ferrovial (FER SM) - Co. has reportedly said it would look at the merits of potential offers if bidders kept approaching them re. the sale of a stake in Heathrow airport. (Times)
Fingerprint Cards (FINGB SS) – Co. and In Groupe, with SPS Solutions, collaborate to bring enhanced contactless biometric cards to the global market. (Newswires)
Kingspan (KSP ID) – 9-month (EUR): Sales 6.14bln (prev. 6.25bln Y/Y). End markets have had obvious challenges, global order backlog has remained reasonably stable over the last months. Activity: remains strong in Americas, robust in France, UK has weakened considerably. (Newswires)
Melrose (MRO LN) - Signs a major new agreement with GE Aerospace valued at approx. USD 5bln over the full 30 year+ life of the Genx engine. (Newswires)
Tobacco Names - Cautious mention in WSJ, which notes that the US cigarette market is changing, and the decline in smoking habits is impacting expensive cigarette brands. Tobacco companies used to increase profits by raising prices, even as smoking declined, allowing them to pay dividends to shareholders, though big tobacco can now no longer "name its price." (WSJ)
TotalEnergies (TTE FP) - Raised security vigilance for Middle East operations. (Newswires)
Verallia (VRLA FP) - Reaches agreement with Santaolla Group for purchase of five of its cullet treatment centres. (Newswires)
Barry Callebaut (BARN SW) reiterated with Underweight at Barclays
Evotec (EVT GY) downgraded to Sector Perform from Outperform at RBC
Ferrari (RACE IM) upgraded to Overweight from Equalweight at Barclays
Getinge (GETIB SS) resumed with Buy at Danske Bank
Heidelberg Materials (HEI GY) downgraded to Neutral from Buy at UBS
Orsted (ORSTED DC) reiterated with Sector Perform at RBC
Publicis (PUB FP) resumed with Overweight at Morgan Stanley
Sandoz (SDZ SW) initiated with Buy at Stifel Nicolaus
Siemens (SIE GY) upgraded to Outperform from Neutral at Oddo
Standard Chartered (STAN LN) reiterated with Buy at Jefferies
SocGen (GLE FP) reiterated with Sector Perform at RBC
Smith & Nephew (SN LN) reiterated with Outperform at RBC
S4 Capital (SSFOR LN) resumed with Equal Weight at Morgan Stanley
06 Nov 2023 - 07:20- EquitiesResearch Sheet- Source: Newsquawk
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