Additional European Equity News

BMPS (BMPS IM) - Co. has terminated CEO Lovaglio's contract as General. (Global Banking & Finance Review) 

Close Brothers (CBG LN) - Update following FCA's latest consumer redress scheme. The estimated cost of the scheme as published is c. GBP 320mln (prev. saw GBP 294mln, broadly similar to the group's existing provision, and can be comfortably absorbed by existing capital resources, leaving the group well positioned to continue delivering its strategy. At this stage, no provision changes have been recognised. Impact: This would reduce the group's CET 1 capital ratio by c.25 basis points to 14.0%, on a pro forma basis as at 31 January 2026. This remains comfortably ahead of the group's medium-term target of 12-13%. (Close Brothers) 

GSK (GSK LN) - Exdensur (depemokimab) approved in China for the treatment of chronic rhinosinusitis with nasal polyps (CRSwNP)

Maersk (MAERSKB DC) - CK Hutchison has started arbitration proceedings against Maersk, accusing the company of aligning with Panama in a scheme to take over its port operations in the Panama canal. (The Independent)

Novozymes (NSISB DC) - Novonesis has signed an agreement with Meihua to acquire a production facility in Rayong, Thailand for around USD 50 million, increasing the company's footprint in Southeast Asia and strengthening its ability to serve customers worldwide. (Novonesis) 

Shell (SHEL LN) - Q1 2026 Update (USD): Co. flags weaker Q1 output due to Middle East disruptions, with LNG Canada ramp-up partly offsetting constraints, while trading is seen steady and pricing lags persist in long-term LNG contracts. Integrated Gas Q4’25: Production 948kboepd; LNG liquefaction volumes 7.8MT; underlying opex 1.2bln; pre-tax depreciation 1.5bln; taxation charge 0.8bln. Q1’26 Outlook: Production 880–920kboepd; LNG liquefaction volumes 7.6–8.0MT; reflects Middle East conflict impact on Qatari volumes, LNG Canada ramp-up offset by Australia weather constraints and Qatar LNG outages; Trading & Optimisation expected in line with Q4’25; long-term LNG contracts typically have pricing lag (e.g. JCC-3). Upstream Q4'25: Production 1.892kboepd. Q1'26 Outlook: 1,760-1.860kbopd. (Shell)

08 Apr 2026 - 07:01- ForexEU Research- Source: Newsquawk