Additional European Equity News

BMPS (BMPS IM) Fitch upgraded the Co. to BBB- from BB+, outlook stable. (Newswires)

Energy Flows/Infrastructure - UK's Lindsey oil refinery secured some crude supplies on Friday, sufficient to prevent an immediate closure. However, Reuters sources describe the agreement with Glencore (GLEN LN) as being limited. (Newswires)

Ferrexpo (FXPO LN) - Q2 Production Update: total commercial production 1.3mln/T, pellet production 821.8k/T. Through Q2, reduced working time, furloughed and suspended non-essential capex/CSR spending to remain financially viable. (Newswires)

Getlink (GET FP) - June Traffic: passenger -1% Y/Y, truck -4% Y/Y. (Newswires)

Iberdrola (IBE SM) - Co. is among those that have requested to the government an extension to the operating life of some domestic nuclear power facilities, via Expansion. (Newswires)

Metsa (METSB FH) - April-June Update (EUR): Comparable operating result -25mln, primarily influenced by weak demand for market pulp in China and Europe. (Newswires)

Plus 500 (PLUS LN) - Q2 (USD): Revenue 209mln, EBITDA 91mln. (Newswires)

Shell (SHEL LN) - Q2 Production Outlook: LNG 6.4-6.8MT, Integrated Gas 900-940k BOEPD. Chemicals & Products indicative refining margin USD 8.90/bbl. Integrated Gas trading/optimisation seen significantly lower Q/Q. Marketing adj. earnings seen higher Q/Q. Chemicals & Products trading/optimisation seen significantly lower Q/Q, segment adj. earnings seen below breakeven. (Newswires)

TotalEnergies (TTE FP) - Contractors hired by TotalEnergies have begun preparing to restart work on the USD 20bln Mozambique LNG project, which was halted four years ago due to a militant insurgency, Bloomberg reports. Separately, TotalEnergies CEO said Europe can handle the EU’s planned ban on Russian gas imports from 2028, relying on new LNG export capacities under construction in the US and Qatar to ensure supply security. (Bloomberg)

US/Switzerland - The US-Switzerland trade deal draft reportedly includes provisions granting Switzerland preferred treatment in US national-security probes, potentially shielding its pharma exports from tariffs, according to sources cited by Bloomberg. (Bloomberg)

BAE Systems (BA LN) downgraded to Reduce from Hold at Kepler Cheuvreux

Merck (MRK GY) downgraded to Sell from Buy at Stifel Nicolaus

Nordea (NDA SS) upgraded to Hold from Reduce at Kepler Cheuvreux

Poste Italiane (PST IM) downgraded to Neutral from Overweight at JPMorgan

07 Jul 2025 - 07:05- ForexEU Research- Source: Newsquawk