Additional European Equity News

Alphawave (AWE LN) - Confirms it is to be acquired by Qualcomm (QCOM) for EV of USD 2.4bln / 183p/shr. (Newswires) 

Frasers (FRAS LN) - Co. said it is conducting due diligence on Revolution Beauty (REVB LN). Confirms earlier reports

Subsea 7 (SUBC SS) - Co. awarded an offshore contract in Trinidad and Tobago; contract valued between USD 50-150mln. (Newswires) 

Travis Perkins (TPK LN) - Co. announced a new op. structure for a specialist merchant's business. (Newswires) 

WPP (WPP LN) - CEO Mark Read to retire on Dec 31, 2025. (Newswires) 

Apple (AAPL) - Apple may raise iPhone 17 prices amid rising tariff and supply chain costs, according to Counterpoint Research, DigiTimes reported. Shipment volumes are expected to decline 10% Y/Y, with the global smartphone market facing dimmer prospects. Cost pressures from US-China tensions and component inflation are contributing factors to the outlook.

Intel (INTC) - According to the DigiTimes, Intel will now require new products to target at least a 50% gross margin, shifting away from low-profit projects to restore profitability. CEO is said to be reviewing unprofitable deals, while upcoming chips like Clearwater Forest and Diamond Rapids are expected in 2026. Intel's gross margin stood at 31.67% in Q1 2025, well below historical levels.

TSMC (TSM) - TSMC is reassessing its global expansion strategy amid rising US pressure to fast-track capacity build-up in America, DigiTimes reports. While accelerating its US operations, TSMC may delay or adjust plans elsewhere, including Europe and Asia, as it navigates geopolitical demands and supply chain realignment priorities.

09 Jun 2025 - 07:00- EquitiesEU Research- Source: Newsquawk