Additional European Equity News

AstraZeneca (AZN LN) - Tagrisso granted Priority Review in the US for patients with unresectable, Stage III EGFR-mutated lung cancer. (Newswires) 

Credit Agricole (ACA FP) – Co. announced that it has sold its remaining 15% stake in Credit Du Maroc. (Newswires)

Encavis (ECV GY) - Once again, the Co. has decided to cancel the dividend in favour of further growth. (Newswires) 

EU-China Relations – Sourcing executives have noted that European buyers are seeking to reduce their dependence on China, via the FT. (FT)

Eutelsat (ETL FP) – Eutelsat OneWeb, a subsidiary of Eutelsat, and backed by Billionaires Mittal and Ambani, are looking to launch satellite internet services, according to the FT. (FT)

GSK (GSK LN) - US FDA approves expanded age indication for GSK’s AREXVY, the first respiratory syncytial virus (RSV) vaccine for adults aged 50-59 at increased risk. (GSK)

Norsk Hydro (NHY NO) - Moody's upgrades rating of Co. to BAA2; outlook stable. (Newswires) 

Pennon (PNN LN) - Board changes: Announced appointment of David Sproul as Chair designate. Gill Ride will retire from board on 24 June 2024. (Newswires) 

Stellantis (STLAM IM/ STLAP FP) - Co. has preventively extended a recall of vehicles with potentially faulty airbags to more Citroen and DS Models, according to Reuters citing sources. (Reuters) 

THG (THG LN) - A leading shareholder has stepped up pressure against the Co's chairman, aiming to put pressure on the business to address its share price, via the Times. (the Times)

Thales (HO FP) – Co. said it is to supply Ukraine with a second air defence system to help protect its territory. (Newswires)

Telecom Italia (TIT IM) - The Italian economy ministry and Spanish fund Asterion are finalising a joint bid of around EUR 800mln for Sparkle's cable network, via Repubblica. (Repubblica)

UK Pensions – Labour has abandoned planed to bring back a lifetime cap on tax-free pension savings, because it would add uncertainty for savers and be complex to reintroduce, via the FT. (FT)

BE Semiconductor (BESI NA) upgraded to Hold from Sell at Deutsche Bank

10 Jun 2024 - 06:50- Research Sheet- Source: Newsquawk