Additional European Equity News

ASML (ASML NA) - ASML and IMEC sign a strategic partnership agreement to support semiconductor research; agreement for five-years. (Newswires) 

Boohoo (BOO LN) - FY revenue GBP 1.22bln (-16% Y/Y), raises medium term guidance for Debenhams to EBITDA margins of 20%; Phil Ellis appointed as group CFO (Newswires)

Costain (COST LN) - FY (GBP): FY adj. EPS 0.146 (exp. 0.12), revenue 1.25bln (exp. 1.27bln), adj. Op profit 43.1mln (exp. 41.6mln) (Newswires)

Ferrexpo (FXPO LN) - Delays FY24 financial results (Newswires)

Kier (KIER LN) - H1 (GBP): Revenue 1.97bln (exp. 1.92bln), Pretax Profit 28.6mln (exp. 56mln). Notes that H2 is starting well and trading in-line with board expectations. (Newswires) 

Persimmon (PSN LN) - FY (GBP): Revenue 3.2bln (exp. 2.98bln), adj. Pretax profit 395.1mln (exp. 380.1mln), proposes final dividend of 0.4/shr; targeting 11-11.5k completions in 2025, expect to be able to restrict low build cost inflation to low single digits this year. (Newswires)

Rotork (RTK LN) - FY (GBP): Pretax Profit 140.5mln (exp. 172.7mln), Revenue 754.4mln (exp. 750.4mln). Acquisition of Noah for EV of GBP 44mln. (Newswires) 

Spirax Sarco (SPX LN) - FY (GBP): Adj. Pretax Profit 288mln (prev. 309mln Y/Y), Revenue 1.67bln (prev. 1.68bln Y/Y). (Newswires) 

UK Motor Financing - FCA says "no longer planning a further announcement in May. We will confirm within 6 weeks of the Supreme Court's decision if we are proposing a redress scheme and if so, how it will be taken forward. Confirms that motor finance customers have lost out from widespread failings by firms, then it is likely we will consult on an industry-wide redress scheme."

Carl Zeiss Meditec (AFX GY) upgraded to Buy from Neutral at Goldman Sachs 

11 Mar 2025 - 07:02- EquitiesEU Research- Source: Newsquawk