Additional European Equity News

Assura (AGR LN) - Rejects revised offer from PHP at 0.3848 new PHP shares. (Newswires) 

Saga (SAGA LN) - FY (GBP): Revenue 768.2mln (prev. 732.7mln Y/Y). Underlying profit growth driven by continued ocean cruise demand. Will continue to prepare for sale of insurance underwriting business. (Newswires) 

Sanofi (SAN FP) - Tolebrutinib Phase 3 data show MS progression benefit. (Newswires)

Page (PAGE LN) - Q1 Trading Update: Performance in-line with expectations. Notes that the slower end of Q4 has continued into Q1'25. Not providing forward-looking guidance given the introduction of tariffs. FY25 outlook uncertain due to unpredictable economic environment. (Newswires) 

Zalando (ZAL GY) - To cut 450 roles in customer care as part of the efficiency drive, will also be discontinuing three units internally. (Newswires)

Financials - Morgan Stanley cuts European Diversified Financials Sector to Inline from Attractive

ITV (ITV LN) downgraded to Sell at UBS 

Rolls Royce (RR/ LN) upgraded to Buy at Kepler