Additional European Equity News
Anglo American (AAL LN) - Rio Tinto (RIO LN) had considered an offer for Anglo American; "management had not ruled out making a play for part or all of the mining group", according to Australian Financial Review citing a source a source close to Rio Tinto. (Australian Financial Review).
BBVA (BBVA SM)/Sabadell (SAB SM) - Spanish Economy Minister says once the EU banking union is a reality then concerns around the concentration of the banking market would ease. (Newswires)
CRH (CRH IM) - Q1 (USD): Revenue 6.5bln, +2%, Adj. EBITDA 445mln +15%, Reaffirms guidance. (Newswires)
EQT (EQT SS) - To acquire WSO2, a leading global provider of digital transformation tech. (Newswires)
HSBC (HSBA LN) / Standard Chartered (STAN LN) - Cos have put pressure on the UK government to lessen the proposed restrictions on doing business with China, via Bloomberg. (Bloomberg)
IAG (IAG LN) - Q1 (EUR): Net Income -93mln (prev. -54mln), Op. profit 68mln (exp. 71mln Y/Y). Well positioned for summer. FY capacity plans remain for around 7% ask growth. Expects positive long-term demand for travel. (Newswires)
Rightmove (RMV LN) - Trading update: Strong start to 2024. Expectations for FY unchanged. Higher mortgage rates continue to stretch affordability for the average buyer. (Newswires)
Sanofi (SAN FP) - Novavax and Sanofi announce co-exclusive licensing agreement to co-commercialise Covid-19 vaccine; provides Novavax with cash and equity investment of approx. USD 1.2bln. (Newswires)
Skanska (SKABB SS) - Builds new building in Texas for SEK 500mln. (Newswires)
Vodafone (VOD LN) - UK Government grants a conditional security clearance for Vodafone-Three merger. (Newswires)
Balfour Beaty (BALF LN) initiated with Buy at Deutsche Bank
Berkeley Group (BKG LN) initiated with Buy at Deutsche Bank
Crest Nicholson (CRST LN) initiated with Buy at Deutsche Bank
WPP (WPP LN) initiated with Buy at Deutsche Bank
Zalando (ZAL GY) Upgraded to buy from hold at Berenberg
10 May 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk
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