Additional European Equity News

Berkeley (BKG LN) - Trading Update: Re-affirms earnings guidance. Profits for current year are expected to be split evenly between H1 and H2. Net Cash at 31 oct 2023 will be around GBP 325mln. Pricing remains resilient and above our business plan levels. Build cost inflation is at negligible levels when measured across our portfolio. Not acquired any land in period and invest selectively. (Newswires) 

Casino (CO FP) – Euronext announces that the Co. will be excluded from France’s SBF-120 index as of September 18th. (Newswires)

Computacenter (CCC LN) - H1 (GBP): Adj. prextax 121.8mln. (Newswires) 

Flight Names - CMA issues provisional determination in Heathrow Airport appeals. (Newswires) 

Restaurant Group (RTN LN) - Chairman Ken Hanna has informed Co. of his intention not seek re-election, will remain in his position until successor appointed. (Newswires)

Stellantis (STLAM IM/STLAP FP) – Lancia confirms its return to the French market, in H2 2024. (Newswires)

ThyssenKrupp (TKA GY) - Steel CEO Osburg said that he would be open to discussions with Kretinsky re. him investing in the business. (WAZ)

BMW (BMW GY) reiterated with Hold at Berenberg 

Barry Callebaut (BARN SW) reiterated with Outperform at Credit Suisse

Mercedes (MBG GY) reiterated with Buy at Berenberg 

Porsche (POR3 GY) reiterated with Buy at Berenberg 

Renault (RNO FP) reiterated with Buy at Berenberg 

08 Sep 2023 - 07:10- Research Sheet- Source: Newsquawk