Additional European Equity News

Aston Martin (AML LN) - Co. and Britishvolt are reportedly in discussions abut a potential partnership, which would see Britishvolt batteries power future Aston Martin EVs. (Telegraph)

BASF (BAS GY) - Established a JV with Hereus in China, terms undisclosed. (Newswires) 

Boliden (BOL SS) - Q4 2021 (SEK): Revenue 17.8bln (exp. 18bln). Adj. operating profit 2.84bln (exp. 2.90bln). EPS 9.27 (exp. 8.17). (Newswires)

British American Tobacco (BATS LN) - FY21 (GBP): Adj. Operating Profit 11.15bln (exp. 11.20bln). Revenue 25.684bln (exp. 25.6bln). Adj. EPS 3.535 (exp. 3.270). Dividend 2.178 (exp. 2.1757). Board approved a GBP 2bln share buyback programme. Global tobacco industry volume is expected to be down around 2.5% this year. (Newswires)

EDF (EDF FP) - Confirms reports on new hires; will higher 1.6k engineers and 1.6k technicians this year. (Newswires)

Hexagon (HEX NO) - Co. unit Purus has signed a USD 1bln agreement to supply battery packs for zero-emission heavy-duty vehicles. (Newswires)

National Grid (NG/ LN) – EV owners will reportedly be called to help avoid an energy crunch by allowing power to be drawn from parked vehicles at a time of low supply and high demand. (Telegraph)

Saab (SAABB SS) - Q4 2021 (SEK): Revenue 11.9bln (prev. 12.5bln). EBTIDA 1.59bln (prev. 1.23bln Y/Y). EBITDA margin 13.3% (prev. 9.8% Y/Y). (Newswires)

Tate & Lyle (TATE LN) – Q3 trading was in-line with expectations, outlook unchanged. (Newswires)

TF1 (TFI FP) - Q4 2021 (EUR): Revenue 775.9mln (exp. 762mln). Operating profit 120.1mln (exp. 70mln). (Newswires)

ArcelorMittal (MT NA) reiterated with Overweight at JPMorgan Chase

AstraZeneca (AZN LN) upgraded to Hold from Sell at DZ Bank

ABN AMRO (ABN NA) downgraded to Equal Weight from Overweight at Morgan Stanley

Commerzbank (CBK GY) upgraded to Hold from Sell at SocGen

Fresenius Medical Care (FME GY) downgraded to Underperform from Hold at Jefferies

Naturgy (NTGY SM) downgraded to Underweight from Neutral at JPMorgan

SCOR (SCR FP) downgraded to Hold from Buy at SocGen

11 Feb 2022 - 07:25- Energy- Source: Newsquawk