Additional European Equity News

Autos - German Chancellor Merz to host German auto sector crisis meeting at 14:00 BST. A statement is expected from Merz, Finance Minister Klingbeil, VDA and IG Metall. (France24) 

ASML (ASML NA) - Co. names Marco Pieters as CTO. Board plans to reappoint CFO Roger Dassen for a 4 year term. (ASML) 

BP Plc (BP) - BP has started oil production at its Murlach project in the UK North Sea, marking its sixth energy startup this year. The six projects, including two oil and four gas developments, are expected to add 150k BPD at peak, with Murlach contributing 15k bbls, reflecting BP’s renewed focus on fossil fuels.

Drax Group (DRX LN) - Announced GBP 450mln share buyback extension following completion of GBP 300mln buyback. (Drax)

HSBC (HSBA LN) - Co. plans to take Hang Seng Bank private in a deal valued USD 37bln, will withdraw Hang Seng Bank listing and the proposal is expected to be accretive to HSBC EPS. (HSBC) Some added details released, following the announcement made overnight (in European Equity Opening News).

Johnson Matthey (JMAT LN) - Expects strong performance in underlying operating profit for half year, free cash flow in first half expected to be an outflow, outlook and free cash flow for full year to be higher end of initial guidance. (RNS)  

Lloyds (LLOY LN) - Co. sees an additional "material" motor finance provision. (Bloomberg) 

Michelin (ML FP) - Analysts point to a lower open citing a pre-close call which highlighted a weak Q3 and possible FY downgrades. (Stifel) 

Orsted (ORSTED DC) - Announced completion of rights issue of new shares of nominally DKK 10 each. 901mln new shares to be listed on Nasdaq Copenhagen. (Newswires)

SSP (SPP LN) - Q4 Trading Update: Launched a GBP 100mln share buyback; notes that the Co. is on track to deliver FY results in line with market expectations. FY: Revenue 3.7bln (exp. 3.66bln). (RNS) 

UBS (UBSG SW) - CEO Ermotti says he sees more bank deals in Italy. (Sole) 

ASML (ASML NA) PT raised to EUR 970 (prev. 700) at Kepler Cheuvreux

B&M European (BME LN) upgraded to Buy from Hold at Shore Capital

Equinor (EQNR NO) downgraded to Sell from Buy at DZ Bank. 

Lloyds (LLOY LN) upgraded to Buy from Hold at Kepler Cheuvreux.

09 Oct 2025 - 07:10- EquitiesEU Research- Source: Newsquawk