Additional European Equity News

Bayer (BAYN GY) - Aflibercept 8 mg clinical study data now published in The Lancet. (Bayer)

Believe (BLV FP) - EQT, TCV and Believe's co-founder and CEO Laderaillerie react to Warner Music Group's unsoliciated approach of at least EUR 17/shr. Consortium believes that it is best positioned to enable Believe to continue to thrive. (Newswires) 

Curry's (CURY LN) - Approval received for disposal of Kotsovolos, which is to be completed in H1'Apr. Intention is to use proceeds to reduce net debt. (Newswires) 

Edenred (EDEN FP) – Launches a buyback, for a maximum amount of EUR 300mln between March 2024 to March 2027. Shares will be cancelled. (Newswires)

EssilorLuxottica (EL FP) - Co. and Dolce&Gabbana sign a 16yr licensing renewal. (Newswires)

Frasers (FRAS LN) - Puts MATCHES into administration due to poor performance. (Newswires) 

Grifols (GRF SM) - Reports its FY23 consolidated annual accounts, including the non-financial information statement with an unqualified opinion from its auditor KPMG. Compared to 2023 condensed consolidated interim financial statements published on Feb 29, this integration does not impact profit and loss account. (Newswires)  

HSBC (HSBA LN) - Two senior hires within the private banking sector, as part of steps to enhance coverage of ultra-high net worth clients within Asia. (Newswires)

Informa (INF LN) - FY23 (GBP): Revenue 3.18bln (exp. 3.16bln), Adj. pretax profit 834.6mln (exp. 780.5mln), Adj. EPS 0.45 (prev. 0.24 Y/Y). All businesses on track for FY24 expectations. (Newswires) 

Inwit (INW IM) - FY (EUR): Revenue 960mln (exp. 963mln), EBITDA 879mln (exp. 882mln), Profit 339mln (exp. 350mln). (Newswires)

Petrofac (PFC LN) - Awarded contract worth over USD 200mln. (Newswires)

Hellofresh (HFG GY) downgraded to Hold from Buy at SocGen

Virgin Money (VMUK LN) downgraded to Hold from Buy at SocGen

UBS (UBSG SW) upgraded to Overweight at Morgan Stanley

08 Mar 2024 - 07:03- EquitiesResearch Sheet- Source: Newsquawk

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