Additional European Equity News

AstraZeneca (AZN LN) - Announces agreement with Quell Therapeutics  to develop, manufacture and commercialise engineered  T-regulatory cell therapies for autoimmune diseases. (AstraZeneca)

Croda (CRDA LN) - Update: Generated GBP 143mln of PBT in the first five months. (Newswires)

Diageo (DGE LN) - Appoints Crew as CEO with immediate effect. (Newswires)

Energy Names - UK government confirms plan to impose a price floor on the oil & gas windfall tax; Tax will remain in place for the next 5 years whilst oil and gas prices remain above historic norms. The tax will fall back to 40% when prices consistently return to normal levels for a sustained period; if both average oil and gas prices fall to or below USD 71.40 for oil and GBP 0.54 per therm for gas for two consecutive quarters. (Newswires)

Equity Forecasts/Targets - Citi: STOXX 600 +9% by mid-2024, implying a 500 point target; FTSE 100 +8% by mid-2024, implying a 8200 point target; lifts Basic Resources to Overweight; cuts Insurance to Neutral.

Gaming Names - At the Summer Game Fest event, Ubisoft (UBI FP) unveiled "Prince of Persia: The Lost Crown" release date; Warner Bros. (WBD) showcased "Mortal Kombat 1"; Capcom (CCOEY) announced "Exoprimal" featuring "Street Fighter" characters Netflix (NFLX) revealed a new season of "The Witcher"; Sega (SGAMY) presented "Sonic Superstars"; Sony (SONY) announced the release date for "Spider-Man 2"; Square Enix (SQNXF) shared a new trailer for "Final Fantasy VII: Rebirth"; Sega (SGAMY) announced "Like a Dragon Gaiden: The Man Who Erased His Name"; Activision (ATVI) showcased the new season of "Call of Duty: Warzone 2."

Network International Holdings (NETW LN) - TO be acquired by Brookfield Business Partners for GBP 4.00/shr at a value of circa. GBP 2.2bln. (Newswires) NETW closed at GBP 3.64/shr

Norsk Hydro (NHY NO) - Signed a contract to purchase land in Spain for the construction of a aluminium recycling plant. (Newswires)

09 Jun 2023 - 07:15- Research Sheet- Source: Newsquawk