Additional European Equity News

Bellway (BWY LN) - Appoints Shane Doherty as CFO. (Newswires) 

BP (BP/ LN) - Q3'24 trading statement; upstream production in Q3 is now expected to be broadly flat compared to prior quarter; net debt at end of quarter is now exp. to be higher. (Newswires) 

Hays (HAS LN) - Q1 Trading Statement: Reports net fees -14% Y/Y. Expects FY25 to benefit from GBP 60mln cost savings secured last year. Expect that pre-exception op. profit in H1'25 will be sequentially lower than in H2'24. (Newswires) 

Jyske Bank (JYSK DC) - Net profit amounted to slightly above DKK 1.4bn in Q3 and slightly above DKK 4.0bln for Q1 to Q3 2024 (Newswires)

Nokian Tyres (TYRES FH) - Paolo Pompei to assume CEO role on Jan 1, 25. (Newswires) 

Orsted (ORSTED DC) - Co. has completed 600 MW combined solar and battery storage project in the US. (Newswires) 

Sanofi (SAN FP) - Co. is in discussions with CD&R for the potential sale of a 50% controlling stake in Opella. Further updates on potential seperation of Opella will be provided in due course when a decision is made. 

Shell (SHEL LN) - US regulator denies Shell's request for older Venture Global LNG's documents. (Newswires)

Saga (SAGA LN) - Saga and Ageas (AGS BB) are in exclusive negotiations for a 20yr insurance partnership and to acquire Saga's insurance underwriting business. Ageas to pay Saga GBP 80mln upfront. Also reports H1 earnings (GBP): Underlying rev. 393.3mln, +11% Y/Y. (Newswires) 

Tryg (TRYG DC) - Q3 (DKK): Insurance rev. 2.13bln (exp. 2.06bln). (Newswires)

BASF (BAS GY) resumed with Neutral at JPMorgan 

Lanxess (LXS GY) downgraded to Underweight from Neutral at JPMorgan

11 Oct 2024 - 07:14- EquitiesExclusive- Source: Newsquawk