Additional European Equity News

Air France (AF FP) - Q3 EUR): Net Icnome 824mln (prev. 931mln Y/Y), EBITDA 1.9bln (exp. 1.9bln). Note 2025 impact from proposed increase of French tax on flight tickers at EUR 280mln. Raises lower end of FY24 net capex  at 3bln (prev. guided under 3bln). Raises FY24 unti cost +3% Y/Y (prev. guided +2%). (Newswires) 

Airbus (AIR FP) – October deliveries of 62 (50 in September). (Newswires)

BT (BT/ LN) - HY Trading Update: Confirms EBITDA, Capex and cash flow guidance for FY. Outlook FY25 lower revenue. Announces interim dividend of 2.30/shr. (Newswires) 

Hiscox (HSX LN) – Q3 Update: Catastrophe & claims experience has been within expectations YTD, expect a net loss of USD 75mln for Hurricane Milton in Q4. (Newswires)

ITV (ITV LN) - 9m (GBP): Revenue 2.74bln, -8% Y/Y. (Newswires) 

John Wood (WG/ LN) - Q3 (USD): Revenue 1.49bln, +1% Y/Y; confirms outlook. (Newswires) 

RS Group (RS1 LN) - H1 (GBP): Revenue 1.44bln; not anticipation any material market improvement for remainder of the year. (Newswires) 

Rolls Royce (RR/ LN) - Trading Update: Confidence in delivery of 2024 guidance. To reinstate shareholder distributionwith 30% payout ratio. (Newswires) 

RWE (RWE GY) – Elliott says it has not engaged with the Co. on any demands. Follows reports that Elliott is reportedly said to take a stake in Germany's RWE, calling for a buyback, according to Bloomberg. (Newswires)

Sainsbury's (SBRY LN) - H1 (GBP): Adj. PBT 356mln (exp. 379mln), Revenue 17.2bln (exp. 17.2bln), LFL Retail Sales +3.4%. Continue to expect to deliver FY retail underlying op. profit of between 1.01-1.06bln. Interim dividend of 3.9. (Newswires) 

Taylor Wimpey (TW/ LN) - Trading Update: In H2, saw steady signs of improvement in customer demand as mortgage rates reduced and affordability improved. Remains on track to deliver UK volumes. (Newswires) 

Verbund (VER AV) – 9-month (EUR): Revenue 5.8bln (prev. 9.8bln), Net 1.4bln (prev. 1.9bln), EBITDA 2.6bln (prev. 3.6bln). Raises FY guidance. (Newswires)

Wizz (WIZZ LN) - H1 (GBP): Net Income 315.2mln (prev. 400.7mln Y/Y), EBITDA 826mln (prev. 878.1mln Y/Y), Revenue 3.07bln (exp. 3.10bln). Notes bookings since period-end show no softening of demand. (Newswires) 

Jet (JET LN) upgraded to Buy from Hold at Kepler

Vestas (VWS DC) upgraded to Biy from Hold at Fearnley

Zurich Insurance (ZURN SW) - CEO says they have no contact with Baloise (BALN SW), not making an offer. (Newswires)

07 Nov 2024 - 07:10- EquitiesData- Source: Newsquawk