Additional European Equity News

Ashtead (AHT LN) - Q2 (GBP): Pretax profit 682mln (prev. 697mln Y/Y). Proposed a move to a US primary listing; to retain a UK listing in international companies segment. Expects capital expenditure for year to be USD 550mln lower than prev. guidance at mid-point. (Newswires)

ASM International (ASM NA) - To nominate Paul Verhagen for second term as CFO. (Newswires) 

Boohoo (BOO LN) - Board recommends shareholders vote against all resolutions; announces business review to maximise shareholder value. Taken decisive steps including identifying GBP 30mln in cost savings. (Newswires)

Delivery Hero (DHER GY) - Talabat Holding saw a +7.5% increase in its stock price during its Dubai debut, following the largest IPO in its tech sector for 2024. Shares rose to AED 1.72 dirhams, giving the company a market cap of approximately AED 40bln dirhams. (Newswires) 

Equinor (EQNR NO) - Equinor and Var Energi and Petoro expect the Johan Castberg field to come on stream in January/February 2025. (Newswires) 

Getlink (GET FP) - In Nov 2024, LeShuttle freight carried 104,436 trucks, -4% Y/Y. (Newswires) 

Nokia (NOKIA FH) - Extends long-term partnership with Iliad Group. (Newswires) 

Poseida Therapeutics (PSTX), Roche (ROG SW) - Roche has launched a tender offer to acquire all outstanding shares of Poseida Therapeutics at USD 9/shr in cash, plus a contingent value right for up to USD 4/shr. The offer expires on January 7th.(Newswires)

Stellantis (STLAM IM/STLAP FP) - CATL to set up a JV with Stellantis with total investment of EUR 4bln. (Newswires)

TeamViewer SE (TMV GY), Carlyle Group (CG) - TeamViewer is nearing a deal to acquire '1E' from Carlyle Group for over USD 700mln, Bloomberg reports, marking TeamViewer's largest-ever acquisition. A deal could be announced this week. (Bloomberg)

Volvo Car AB (VOLVOB SS) - Signed two sustainability-linked revolving credit facilities in the total of EUR 2bln. (Newswires) 

British Land (BLND LN) upgraded to Buy from Neutral at Goldman Sachs 

LondonMetric (LMP LN) downgraded to Neutral from Overweight at JPMorgan 

10 Dec 2024 - 07:01- ForexResearch Sheet- Source: Newsquawk