Additional European Equity News

Asos (ASC LN) – Asos declined a GBP 215mln offer for Topshop, in favour of a JV with Heartland, which offered GBP 135mln. (City AM)

Airbus (AIR FP) - Airbus commences limited share buyback to support future employee share ownership; max of 4.25mln shares. (Newswires) 

Boeing (BA) - C. reached a tentative deal with union to avoid a strike, according to the FT; the agreement raises wages by around 25% over four years. (FT)

Barratt Developments (BDEV LN) - Launch of made partnership. Enters JV with Homes England and Lloyds Banking. Partnership backed by GBP 150mln equity funds. (Newswires) 

Carrefour (CA FP) - Enters India through a strategic franchise partnership with the apparel group. (Newswires) 

Computacenter (CCC LN) - H1 (GBP): Pretax profit 87.2mln (exp. 61mln Y/Y). Continues  to expect to make progress in FY24 a whole on a constant currency basis. (Newswires) 

Entain (ENT LN) - Trading Update: Strategic process and trading momentum continues. Online net gaming rev. growth during H2'24 to date ahead of expectations. Improved momentum delivered during Q2 ha continued. (Newswires) 

Epiroc (EPIA SS) - Won large equipment for Australian Lithium mine. (Newswires) 

IDS (IDS LN) - Royal Mail is mulling a bin collection-style website for letter delivery days, via the Guardian. (Guardian)

Vinci (DG FP) - Signed agreement to acquire majority stake in India. (Newswires) 

UK Banks – Bank CEOs are set to meet with the UK Chancellor later in the week amid fears that the Treasury is drawing up plans to ramp up taxes on the sector, via City AM. The subject for the discussions will likely include Basel regulations. (City AM)

Other UK Banks - Bank of London, a clearing bank launched three years ago, is raising "up to GBP 50mln", via Sky News. (Sky News)

Adidas (ADS GY) downgraded to Equal Weight from Overweight at Barclays 

Remy Cointreau (RCO FP) downgraded to Hold from Buy at Deutsche Bank 

Kering (KER FP) downgraded to Sector Perform from Outperform at RBC

Nestle (NESN SW) downgraded to Equal Weight from Overweight at Barclays 

Pernod Ricard (RI FP) downgraded to Sell from Hold at Deutsche Bank 

09 Sep 2024 - 06:58- Research Sheet- Source: Newsquawk