Additional European Equity News

ABB (ABBN SW) - NASCAR unveiled an all-electric prototype racecar and announced an electrification deal with ABB. (Newswires) 

Britvic (BVIC LN) - Q3 (GBP): Revenue 502.9mln, +6.3% Y/Y. Strong Q3 trading despite a tough prior year comparable. Demands for brands remains strong into key summe period. (Newswires)  

Carlsberg (CARLB DC) - Agrees to purchase Britvic (BVIC LN) for GBP 13.15/shr vs last close GBP 12.18/shr; current share buyback programme has been terminated. (Newswires) 

Defence Names – Rheinmetall (RHM GY) and Leonardo (LEO IM) CEO’s said that a JV between the Cos will open up new overseas markets and pave the way for stronger consolidation in Europe’s arms sector, according to the FT. (FT)

Entain (ENT LN) - Appoints Helen Ashton as independent non-exec director. (Newswires) 

Energy names - ADNOC has set aside a 40% stake in its Ruwais LNG project to four major energy Co's including; Shell (SHEL LN), TotalEnergies (TTE FP), BP (BP/ LN) and Mitsui (8031 JT). (Newswires) 

Fortnox (FNOX SS) - Co. enters into a letter on intent re. a new jointly owned Co. for service brokerage. (Newswires) 

Ferrexpo (FXPO LN) - Reports 75% production increase in H1'24. (Newswires) 

Galp (GALP PL) - Q2 Sales of oil products to clients +11% at 1.8mln tons. (Newswires) 

Grifols (GRF SM) - Co. has confirmed that Brookfield and Family shareholders have reached a deal to evaluate possible EUR 5.5bln joint takeover of Grifols. (Newswires)

Ocado (OCDO LN) - Ocado and Aeon announce a third customer fulfilment centre in Japan. (Newswires) 

Plus 500 (PLUS LN) - HY25 Trading Update: Revenue of USD 398.2mln; will announce new shareholder returns, comprising dividends and sharebuybacks at H1. (Newswires) 

Unite Group (UTG LN) - Expects 98-99% occupancy for 2024/25; expects rental growth of at least 7% for 2024/25. (Newswires) 

Melrose (MRO LN) upgraded to Outperform from Sector Perform at RBC

08 Jul 2024 - 07:53- EquitiesResearch Sheet- Source: Newsquawk