Additional European Equity News
Airtel Africa (AAF LN) - CFO Paul to retire after 2025; Dua to replace. (Newswires)
Bayer (BAYN GY) - Elinzanetant meets all primary and secondary endpoints in phase III study OASIS 4 for treatment of moderate to severe vasomotor symptoms caused by breast cancer treatments. (Newswires)
Bavarian Nordic (BAVA DC) - Commences DKK 150mln share buyback. (Newswires)
B&M European (BME LN) - Q3 (GBP): Revenue 1.39bln, +2.8% Y/Y. Expects FY25 adj. EBITDA of 620-650mln (prev. guided 620-660mln). (Newswires)
Boohoo (BOO LN) Independent Committee of the Board unanimously recommends that shareholders vote against the resolution at the General Meeting by Frasers. (Newswires)
Greggs (GRG LN) - FY (GBP): Sales 2.014bln (Exp. 2.02bln). Q4 shop LFL sales +2.5% Y/Y. Anticipates FY outcome in line with board expectations. Looking into 2025, employment costs will result in further overall cost inflation. (Newswires)
Getlink (GET FP) - Dec passenger shuttle traffic +4% Y/Y. (Newswires)
Tesco (TSCO LN) Q3 (GBP): LFL UK Sales +3.8% (exp. 3.75%), Christmas LFL Sales +4.1% Y/Y. Affirms FY24/25 Retail Adj Op. Profit guidance. CEO says they are carrying strong momentum into the New Year. The UK budget will result in around GBP 250mln/yr of additional national insurance costs. (Newswires)
Marks & Spencer (MKS LN) - Q3 (GBP): Sales 4.064bln, +5.6% Y/Y, Food Sales +8.7% Y/Y (exp. +7.1%), LFL Sales +8.9% Y/Y. Confident of making further progress for the remainder of the year. (Newswires)
S4 Capital (SFOR LN) - CFO Basterfield to step down; effective after twelve month notice period. (Newswires)
Unite (UTG LN) - Q4 (GBP): Affirms FY24 EPS at the upper end of 45.5-46.5p. Positive start to the 2025/26 sales cycle with 66% of beds sold. (Newswires)
Danone (BN FP) upgraded to Market Perform from Underperform at Bernstein
Unilever (ULVR LN) upgraded to Outperform from Market Perform at Bernstein
Lindt (LISN SW) - Bernstein cuts to Market Perform from Outperform (Newswires)
L'Oréal (OR FP) - Bernstein cuts to Market Perform from Outperform (Newswires)
09 Jan 2025 - 07:15- EquitiesResearch Sheet- Source: Newsquawk
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