Additional European Equity News

AstraZeneca (AZN LN) - Tagrisso plus chemotherapy extended median progression-free survival by nearly 9 months in EGFR-mutated advanced lung cancer in FLAURA2 Phase III trial. (Newswires) 

BMW (BMW GY) - Executive says Co. will start to export China-made electric Mini's from 2024. Elsewhere, UK press reports that the Co. will today announce investment in a Mini electric plant within the UK. (Newswires) 

Ferrovial (FER SM) - Heathrow reports August traffic 7.55mln, +25.1% YY. (Newswires) 

GSK (GSK LN) - Momelotnib filing accepted in Japan. Regulatory submission for momelotnib  for treatment of Myelofibrosis accepted for review by Japanese regulator. (Newswires) 

Juventus (JUVE IM) - Exor holding Co. is reportedly considering putting the club up for sale, via Il Giornale. Since, Exor has denied the press speculation. (Newswires)

MediaForEurope (MFE IM) - Berlusconi's children are reportedly nearing a deal over the inherited assets, via Corriere della Seta. (Newswires)

Restaurant Group (RTN LN) - TRG signs agreement in respect of proposed sale of leisure business to The Big Table. Transaction expected to be marginally EPS accretive in its FY following completion. TRG will pay a cash contribution of GBP 7.5mln to The Big Table Group. Expected to be completed early Q4'23. (Newswires)

Roche (ROG SW) - CEO says they are open to big acquisitions which make sense. (Newswires)

Safran (SAF FP) - Said to have found suspect spare parts on 68 jet engines. Southwest Airlines (LUV) said it had removed two parts from its Boeing 737 aircraft, via Bloomberg. (Bloomberg) 

SES Imagotag (SESL FP) – Gotham City responds to the July 10th release from the Co.; says the actual detail contract SES’ strongly worded denial. Co. effectively acknowledged most of the core points or does not attempt to deny them. (Newswires)

SocGen (GLE FP) - Co. and Brookfield Partners to launch a EUR 10bln private debt fund. Initial fund is targeting a total of EUR 10bln over next four years and will launch with EUR 2.5bln of seed funding at inception. (Newswires)

Stellantis (STLAM IM/ STLAP FP) - To start third tranche of buyback programme, to end by December 11. (Newswires) 

Telefonica (TEF SM) - Spanish Labour Minister said the gov't should block STC Groups acquisition of a circa 10% stake in the Co. (Newswires)

Vistry (VTY LN) - H1 (GBP): Adj. Pretax 174mln (prev. 189.9mln YY), Revenue 1.78bln (prev. 1.35bln YY). (Newswires)

Alfa Laval (ALFA SS) downgraded to Neutral from Buy at Citi 

JC Decaux (DEC FP) upgraded to Outperform from Neutral at Oddo Securities 

Metro Bank (MTRO LN) initiated with Hold at Peel Hunt 

Prudential (PRU LN) upgraded to Neutral from Underweight at BNP Paribas 

11 Sep 2023 - 07:35- EquitiesResearch Sheet- Source: Newsquawk