Additional European Equity News

BMW (BMW GY) - CEO says in Q4 will see volumes well above Q3 and improved product mix. (Newswires) 

Beazley (BEZ LN) - Q3 Trading statement: Net IWP 4.62bln, +7% Y/Y. On track to deliver FY guidance. 

JD Wetherspoon (JDW LN) - Trading update: LFL sales +5.9% Y/Y. Total sales +4.6% YTD. (Newswires) 

Marks & Spencer (MKS LN) - H1 (GBP): Adj. Revenue 6.52bln (exp. 6.55bln), Profit after tax 407.8mln (exp. 366.3mln). During H1 cost inflation has continued to be elevated. "As we enter H2, we expect this backdrop to persist.". Recent budget's long term impact is for now uncertain. Interim dividend of 1p/shr. (Newswires) 

Novo Nordisk (NOVOB DC) - CFO says the timing of the closing Catalent deal exp. to have a low single digit negative impact on op. profit growth in 2024; expect further uptake for Wegovy for the US in Q4, working hard to ramp up production for the demand. (Newswires)

Puma (PUM GY) - Q3 (EUR): EBIT 237mln (exp. 235mln), Revenue 2.31bln (exp. 2.38bln). Notes stressed supply chains and muted consumer sentiment globally. Affirms guidance. (Newswires) 

Persimmon (PSN LN) - Q3 Trading Update: Seeing some signs of build cost inflation beginning to emerge in price negotiations for 2025. Remains optimistic about growth prospects into 2025. (Newswires) 

Siemens Healthineers (SHL GY) - CFO says expects China sales in H1 of the FY to shrink in the mid to high percentage range in in H2 to be roughly at the level of H2 of the prev. FY. (Newswires) 

UniCredit (UCG IM) - CEO says will do the Commerzbank (CBK GY) deal,  only if it doesn't dilute shareholder returns. (Newswires)

Wise (WISE LN) - H1 (USD): Adj. EBITDA 325.7mln (prev. 241.1mln Y/Y), Revenue 591.9mln (prev. 498.2mln Y/Y). Is confident in H2 outlook. (Newswires) 

06 Nov 2024 - 07:03- EquitiesResearch Sheet- Source: Newswires