Additional European Equity News

Atos (ATO FP) - Board unanimously decided to recommend voting against resolutions which were calling for the removal of the Chair. (Newswires)

Barclays (BARC LN) - Banker Plaster, head of Americas power/utilities, has resigned and will join Guggenheim, via Reuters citing sources. (Reuters)

Banking/Pharma. Names - Several components of EU legislation are reportedly subject to severe delays due to the time it takes to create translations, via FT citing officials; around 200 legislation components to be voted on before 2024 elections, officials caution there may not be sufficient time. (FT)

Capita (CPI IM) - Agreed to sell non-core software business for GBP 33mln. (Newswires)

Crest Nicholson (CRST LN) - HY23 (GBP): Revenue 282mln (exp. 420mln), adj. PBT 21mln (prev. 52mln), PBT 28mln (prev. -52mln), Completions 894 (prev. 1096). (Newswires)

Eni (ENI IM) - Signed a MOU for new initiatives re. the energy transition in Libya. (Newswires)

FTSE 100 ex-dividend - Centrica (CNA LN), Compass Group (CPG LN), Johnson Matthey (JMAT LN), Sainsbury's (SBRY LN), Vodafone (VOD LN) & WPP (WPP LN). (Newswires)

Getlink (GET FP) - May traffic: Passenger vehicles 193.6k, +14% YY; Trucks 101.4k. (Newswires)

Housing Names - UK RICS Housing Survey (May) -30 vs. Exp. -38 (Prev. -39.0); May net balance of new home buyer enquiries was the highest since May 2022 at -18, National house prices are still falling although downward momentum continues to ease. New instructions indicator moves into positive territory for the first time since early 2022. (RICS)

Igas (IGAS IM) - Hopkins appointed as CEO. (Newswires)

M&G (MNG LN) - Q1 Update: Net client inflows of GBP 0.4bln, strong investment performance across asset management and wealth business. Concluded 1st phase of the transformation programme. (Newswires)

Orpea (ORP FP) - Agreement in principle with main banking partners re. additional financing and adj. of documentation of June 2022. (Newswires)

Ryanair (RYA ID) - Welcomes settlement of US class action; amount is USD 5mln, contends no lawful basis for claims but settlement is in interest of shareholders. (Newswires)

SocGen (GLE FP) - Agreed to sell some subsidiaries in Africa; disposals would have a positive impact of circa. 5bps on CET1 at completion date. (Newswires)

Telecom Italia (TIT IM) - Sparkle, submarine cable unit, has signed an MOU with Libya's LPTIC to construct new infrastructure between the region, Italy and rest of Europe. (Newswires)

Wizz Air (WIZZ LN) - FY (EUR): Revenue 3.89bln (exp. 3.91bln), EBITDA 134mln (exp. 191mln), EBIT -468mln (exp. -396mln). Demand remains strong, especially in traditional CEE markets. (Newswires)

08 Jun 2023 - 07:10- EquitiesData- Source: Newsquawk