Additional European Equity News

Auto1 (AG1 GY) - Q2 (EUR): Revenue 1.52bln, +13.3% Y/Y, Gross profit 173.3mln, +35.7% Y/Y. Outlook: Expects to sell a total of 620-665k units (prev. guided 610-665k). Gross profit exp. to be between 610-680mln. (Newswires) 

ASOS (ASC LN) - Update on Asos' refinancing and use of proceeds. Net debt reduced by about GBP 150mln. (Newswires) 

Associated British Foods (ABF LN) - Extends share buyback programme to no later than 15 Nov 2024. (Newswires) 

Amazon (AMZN) - Amazon Web Services will invest GBP 8bln in the UK over the next five years to build and maintain data centres. The investment is expected to boost the UK's GDP by GBP 14bln and support over 14k jobs annually in the data centre supply chain.

Boohoo (BOO LN) - Changes to Co. operations in the US market. To end US site operations by 11 Nov 2024. To incur write down and one-off expectational cash costs. (Newswires) 

Cemex (CX), Holcim Group (HOLN SW) - Cemex has sold its Guatemalan operations to Holcim Group for USD 200mln, focusing on portfolio rebalancing and planned reinvestment in developed markets, especially the US, to support sustainable growth and lower-carbon initiatives.

Deliveroo (ROO LN) - Proposing to transfer listing category all of its ordinary shares. Anticipated that transfer will take effect  on 10 Oct 2024. (Newswires) 

Glencore (GLEN LN) - Five ex-Glencore executives and Glencore's ex-head appeared in court for the first time over corruption charges. (Newswires) 

GSK (GSK LN) - GSK provides update on phase I/II therapeutic herpes simplex virus (HSV) vaccine trial. Results show that GSK3943104 did not meet the study’s primary efficacy objective. This vaccine candidate, therefore, will not progress to phase III studies. No safety concerns. (Newswires) 

Getlink (GET FP) - JP Morgan places Co. on Positive Catalyst watch. (Newswires)

Eurazeo (RF FP) - Co. and Kurma partners invest in EUR 93mln financing of Pantera to establish commercial-scale production of ACTINIUM-225. (Newswires) 

Italian Stocks - Italy is reportedly open to reviewing its new rules on corporate governance, according to the Treasury under-secretary cited by the FT. (FT)

Rentokil (RTO LN) - Co. to cut jobs to slash the cost over-runs as it guided a smaller rev. growth at its North American business in H2. (Newswires) 

Rightmove (RMV LN) - Following REA Group's takeover approach, Co. confirms it has received a unsolicited proposal from the Co.; board unanimously rejected the proposal. Proposal values Rightmove at 698p/shr. Says offer undervalued Co. (Newswires)   

Vinci (DG FP) - JP Morgan places Co. on Positive Catalyst watch. (Newswires)

UniCredit (UCG IM) - Following Commerzbank (CBK GY) investment; UCG says it will explore value creating opportunities for stakeholders in both banks. UniCredit may seek authorisation to to exceed 9.9% in Commerzbank (Newswires) 

WH Smith (SMWH LN) - Trading update: Outcome for FY exp. to be in line with expectations . Announced GBP 50mln share buyback. (Newswires) 

Ubisoft (UBI FP) downgraded to Neutral from Outperform at Exane BNP

URW (URW FP) downgraded to Neutral at BNP Paribas

Renk (R3NK GY) upgraded to Buy from Hold at Deutsche Bank

11 Sep 2024 - 06:54- EquitiesData- Source: Newsquawk