Additional European Equity News

Capgemini (CAP FP) - Bpifrance partners with Co. for the creation of a next gen. digital factory. (Newswires)

Diageo (DGE LN) - Cuts forward guidance: Cuts H1 FY24 organic revenue to decline more than 20% (prev. guidance +5-7% Y/Y), Op Profit lower Y/Y (prev. guidance +6-9%). Issues trading update due to a weaker performance outlook in Latin America and Caribbean. (Newswires)

Redrow (RDW LN) – AGM Statement: FY Guidance (GBP): Revenue lower-end of 1.65-1.70bln (exp. 1.676bln), PBT lower-end of 180-200mln (exp. 187mln). Housing market remained subdued through Autumn. (Redrow)

SBB (SBBB SS) - Co. faces demand for bond repayment, with bondholder saying repayment is needed on the grounds SBB breached key terms in its debt, via Bloomberg. (Bloomberg)

ArcelorMittal (MT NA) downgraded to Neutral from Outperform at Oddo

Air France (AF FP) downgraded to Underperform from Neutral at BNP Paribas 

Smith & Nephew (SN/ LN) initiated with Buy at Goldman Sachs

Salmar (SALM NO) downgraded to Hold from Buy at Fearnley Securities 

Wizz Air (WIZZ LN) upgraded to Neutral from Underperform at BNP Paribas