Additional European Equity News

ASML (ASML NA) / BE Semi (BESI NA) - A cross-party group of US politicians proposed a law to impose further restrictions on exports of chipmaking equipment to China (Reuters)

BP (BP/ LN) - Institutional Shareholder Services (ISS) recommended voting against BP’s plan to scrap certain legacy climate reporting resolutions, calling the move “unprecedented” and insufficiently justified despite the firm’s shift toward standardised disclosures, according to Reuters citing a document. (Reuters). 

Puig (PUIG SM) / Estee Lauder (EL) - According to Expansion, citing sources, representatives of the Puig family have travelled to the US to negotiate with the Lauder family, aiming to announce a deal in the coming weeks. The two sides are discussing a potential integration of Puig and Estée Lauder, likely structured as a takeover offer by Estée Lauder with a mix of shares and cash. Key issues include governance, shareholder agreements and the exchange ratio, while both families would retain strong voting control in the combined group. (Expansion)

SoftwareOne (SWON SW) - Co. has resolved to propose to the Annual General Meeting an ordinary cash dividend for the financial year 2025 of CHF 0.15 per share. (SoftwareOne) 

UMG (UMG NA) - Co. has received a bid of EUR 5.05/shr and 0.77 shares from Pershing Square (PSH LN); deal valued at EUR 9.4bln. (Newswires) 

AJ Bell (AJB LN) initiated with Outperform at Keefe Bruyette 

MTU Aero Engines (MTU GY) raised to Buy from Hold at Kepler 

IG (IGG LN) initiated with Market Perform at Keefe Bruyette 

Nordnet (SAVE SW) initiated with Underperform at Keefe Bruyette 

Plus 500 (PLUS LN) initiated with Market Perform at Keefe Bruyette