Additional European Equity News

Capita (CPI LN) – Extends a contract with a European telecom provider. (Newswires)

Deutsche Post (DHL GY) - Vitesco Technologies and DHL enter into strategic partnership. As of March 2024, the logistics flows of Vitesco Technologies’ twelve European locations will be centrally managed by DHL through the LLP Center of Excellence in Warsaw, Poland. (DHL)

Direct Line (DLG LN) – Jane Poole appointed as CFO from October, succeeding Manser. (Newswires)

Grifols (GRF SM) – Seeks to refinance unsecured notes due '25. Seeks to issue senior secured notes. Says Haier deal expected to close in 1H, as planned. (Bloomberg)

Italgas (IG IM) - Co. has reportedly sent a prelim. offer worth EUR 4-5bln for 2iRete Gas, via Corriere della Sera. (Newswires)

Philips (PHIA NA) – Philips Respironics reaches an agreement with the US govt. on a consent decree creating a clear path forward. (Newswires)

Telecom Italia (TIT IM) - Italian Industry Ministry has asked a number of experts to look into a dispute between the Co. and Starlink, via La Repubblica; report back is due by 24th May. (Newswires)

Tesco (TSCO LN) FY23 (GBP): Adj. operating profit 2.83bln (exp. 2.9bln), Revenue 68.187bln (exp. 68.844bln), Diluted EPS 0.1656 (exp. 0.2386), Dividend 0.1210 (exp. 0.1147); buyback of GBP 1bln over the next 12 months. Sales growth reported across all markets. Reiterates FCF guidance. (Tesco)

THG (THG LN)  - Prelim. FY (GBP): adj. EBITDA 114mln (exp. 111mln). Medium term guidance maintained. Overall group revenue trends continue to improve as we enter FY24. (Newswires)

Vistry (VTY LN) – Co. agrees two deals with Homes England to deliver 1k homes. (Newswires)

10 Apr 2024 - 07:42- Research Sheet- Source: Newsquawk