Additional European Equity News

Gold Prices - Gold may exceed USD 5,000/oz next year, with JPM Private Bank’s Alex Wolf seeing USD 5,200–5,300 by end-2026, driven chiefly by emerging-market central bank buying. 

Informa (INF LN) - Trading update: Sees double-digit earnings growth in 2025 and reaffirms FY guidance. To add, the  GBP 350mln share buyback programme is continuing. (Informa)

Porsche (PAH3 GY) - 9M (EUR): Result after tax 1.24bln (prev. 2.48bln Y/Y), sees FY25 adj, result after tax between 0.9-2.9bln and net debt between 4.9-5.4bln. (Porsche Se) 

Vodafone (VOD LN) - H1 (EUR): Revenue 19.6bln (prev. 18.3bln Y/Y), Operating profit 2.16bln (prev. 2.38bln Y/Y), sees FY Adj. EBITDA AL at the high end of 11.3-11.6bln range; to introduce a new progressive dividend policy with an expected increase of 2.5% for this financial year. To add, co. has started its 500mln share buyback programme. (Vodafone) 

BBVA (BBVA SM) reinstated with a Buy at Goldman Sachs; analysts expect continued strong core revenue growth

Lundbeck (HLUNB DC) downgraded to Underperform from Hold at Jefferies

Roche (ROG SW) upgraded to Hold from Sell at Deutsche Bank

11 Nov 2025 - 07:06- ForexEU Research- Source: Newsquawk

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