Additional European Equity News

Auto Names – Renault (RNO FP) CEO Senard said a “Chinese Storm” is looming over the growing European EV sector. (Reuters)

Barclays (BARC LN) – Hired Birchenough from Wells Fargo (WFC) as the new co-head of Global BioPharma Investment Banking, via Reuters citing sources. (Reuters)

Bayer (BAYN GY) – Traders highlight a report in PLATOW that CEO Anderson is said to be working on plans to spin off and take public the agrochemicals unit, via Reuters. (Reuters)

BT (BT/ LN) - Earlier Sky News reports that CEO Jansen is looking to step down in 2024 has now been confirmed. (Newswires) 

Casino (CO FP) – Kretinsky and partners have reportedly lined-up Palazzi as CEO, if their offer is a success, via Les Echos. Reminder, two offers for the Co. expire on July 10th. (Les Echos/Newswires)

Eni (ENI IM) - Said it delivered the first gas cargo to the liquified natural gas (LNG) terminal at the port of Piombino on Saturday. (Newswires)

GSK (GSK LN) – Medicines and Healthcare products regulatory agency authorises Co’s Arexvy as the first respiratory syncytial virus vaccine for older adults. (Newswires)

Plus500 (PLUS LN) - H1 (USD): Revenue 368.5mln (Prev. 321.2mln YY), EBITDA Margin 47% (Prev. 46% YY), EBITDA 174.1mln (148.5mln YY). (Newswires)

SES Imagotag (SESL FP) – Co. unequivocally rejects the allegations made by Gotham City. Adds, terms of sale of China JV in September 2022 are aligned with interests. (Newswires)

Safran (SAF FP) – US NTSB is probing an engine fire on a Boeing (BA) 737-900 Max, which was operated by United Airlines (UAL) at Newark Liberty. The engine is a LEAP-1B, created by CFM which is co-owned by General Electric (GE) and Safran. (Newswires)

Severn Trent (SVT LN) – Thames Water’s holders have agreed on an additional GBP 750mln of equity funding. (Newswires)

TotalEnergies (TTE FP) - Strengthens its gas partnership with Sonatrach and extends it to renewables. (Newswires) 

UBS (UBS SW) - Of note for Credit Suisse takeover, the Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented by the Swiss regulator FINMA, according to Blick newspaper. (Newswires) 

UniCredit (UCG IM) - Co. said it was ending a non-life insurance venture with UnipolSai (US IM). (Newswires)

dsm-firmenich (DSFIR NA) initiated with Buy at Goldman Sachs

Gaztransport et Technigaz (GTT FP) upgraded to Outperform from Neutral at BNP Paribas

Scout24 (G24 GY) downgraded to Neutral from Buy at UBS. Shares seen lower by 4% in pre-market trade

10 Jul 2023 - 07:05- EquitiesResearch Sheet- Source: Newsquawk