Additional European Equity News

Anglo American (AAL LN) - The Co. has withdrawn a resolution on executive incentives a day before shareholders vote on its takeover of Teck Resources (TECK). (Bloomberg)

Smith+Nephew (SN/ LN) - Updates its FY25 profit margin guidance to at least 19.5% (prev. guided 19-20%) and free cash flow of around USD 800mln (prev. guided more than USD 600mln). To add, Co. announced its 2028 financial targets, which includes a significant acceleration in revenue growth, profit, free cash flow and ROIC. (Smith+Nephew)

TotalEnergies (TTE FP) - The Co. has signed an agreement to merge its UK Upstream business with NEO NEXT, positioning the new NEO NEXT+ as the largest independent oil and gas producer in the UK. To add, trading of its ordinary shares on the NYSE has commenced, which will replace its listing of its American depositary receipts. (TotalEnergies/ Newswires)

UK Labour Market - A KPMG/REC survey showed the UK Labor market weakened further in November. (KPMG)

Unilever (ULVR LN) – Unilever announces the completion of the demerger of the Magnum ice cream business. (Newswires)

Worldline SA (WLN FP)  - Co. announces plans to divest paymentIQ to Incore Invest for EUR 160mln. Closing of the transaction is expected in Q1’26. Revenue, EBITDA, and FCF impact estimated at EUR 50mln, EUR 40mln and 30mln, respectively. Combined cash proceeds from dispositions expected at EUR 510-560mln. Closing of paymentIQ deal expected in Q1’26. (Newswires)

Atlas Copco (ATCOA SS) upgraded to Overweight from Equal Weight at Morgan Stanley.

Hannover Rueck (HNR1 GY) downgraded to Neutral from Overweight at JP Morgan.

Schindler (SCHP SW) upgraded to Equal Weight from Underweight at Morgan Stanley.

Vodafone (VOD LN) raised to Overweight from Equal weight at Barclays. 

08 Dec 2025 - 07:35- ForexEU Research- Source: Newsquawk