Additional European Equity News

BP (BP/ LN) - Q4 (USD): Revenue 48.1bln (exp. 52.1bln), EPS 0.07 (exp. 0.08), adj. Net 1.16bln (exp. 1.2bln), adj. EBITDA 8.4bln (exp. 7.9bln). USD 1.75bln buyback for Q4. Plan to fundamentally reset strategy and drive further performance improvements. CEO says "It will be a new direction for bp and we look forward to sharing it at our Capital Markets Update on 26th February." 2025 Outlook: Products: broadly flat refining margins vs Q4-2024. Q1 Outlook: Reported upstream production to be lower Q/Q.Products: realised refining margins to stay low. (Newswires) 

Bellway (BWY LN) - Q1 Trading Update: Homes completed 4.58k, +12%  Y/Y; is on track to deliver FY output volume. (Newswires) 

EssilorLuxottica (EL FP) - Acquired the Canadian med-tech start up Cellview. (Newswires)

Entain (ENT LN) - CEO Gavis Isaacs to step down, effective immediately; appoints Stella David as interim CEO. Co. confirms that it is comfortable with market expectations. (Newswires)

Fortum (FORTUM FH) - Q4 (EUR): Adj. EBITDA 355mln (exp. 364mln), Revenue 1.44bln (exp. 1.55bln), Guides initial FY25 Capex 150-300mln. (Newswires) 

Kering (KER FP) - CFO says Gucci will come back, no doubt on this. (Newswires)

Renk (R3NK GY) - Exercises option to acquire 18.3mln shares in Renk. (Newswires) 

EDP (EDP PL) downgraded to Equal Weight from Overweight at Morgan Stanley 

UBS (UBSG SW) upgraded to Buy from Hold at Deutsche Bank 

11 Feb 2025 - 07:05- EquitiesEU Research- Source: Newsquawk