Additional European Equity News

BHP Group (BHP), Rio Tinto (RIO LN) - BHP and Rio face class actions in Australia, accusing them of allowing environments on mining sites where female staff experienced systemic sexual harassment and gender discrimination.

Barclays (BARC LN) - Co. aims to hire up to 100 more adverses to drive growth in its private wealth management business. (Newswires) 

British American Tobacco (BATS LN) - Trading Statement: Confirms FY24 delivery was in line with guidance. Expects improved new category and combustibles rev. growth in H2. Supports proposed Canadian CCAA settlement and expects more clarity on financial impacts of CCAA in Canada when guidance is provided in Feb 2025. (Newswires) 

Bavarian Nordic (BAVA DC) - To launch DKK 150mln share buyback program. (Newswires) 

BP (BP/ LN) - Australia selected 19 renewable energy projects, totaling 6.4 gigawatts, in its largest-ever tender. The projects, led by companies like BP, Neoen, and Squadron Energy, include solar, wind, and battery installations and aim to power over 3mln households. The initiative is part of a push to replace aging coal plants and support the country's transition to renewable energy by 2030.

Continental (CON GY) - CFO Schick to step down early on Sept 30, 2025 after planned spin-off. (Newswires) 

Reckitt (RKT LN) - Commencement of third tranche of share buyback. (Newswires)

Mercedes Benz (MBG GY) - Board members Troska, Jungo and Kohleisen to retire at end of contracts in 2025. (Newswires) 

Nordex (NDX1 GY) - Received its first order from Montenegro for 55 MW. Delivery of turbines to start in Nov 2025. (Newswires) 

Eli Lilly (LLY) - Eli Lilly will begin trials in 2025 to explore whether its obesity medications can also treat addiction, including alcohol, smoking, and drug dependencies, Bloomberg reports. CEO highlighted their potential to reduce cravings, with some doctors already using them off-label for addiction. Potentially of note for Novo Nordisk (NOVOB DC)

Vodafone (VOD LN) - Vodafone franchises in the UK filed a legal claim against the co. claiming that it cut their commission payments with little explanation in 2020. (Newswires) 

UBS (UBSG SW) - Co. plans a wealth business shake-up in te US, splitting the operation into six divisions and focusing on a wider range of clients, according to Reuters citing a memo. (Reuters) 

Zalando (ZAL GY) - Offers to buy About You (YOU GY) for EUR 6.50/shr in cash; About You last closed EUR 3.90/shr. (Newswires) Zalando shares -5.5% in pre-market trade 

Ashtead (AHT LN) downgraded to Neutral from Buy at Goldman Sachs 

Segro (SGRO LN) downgraded to Neutral from Outperform at BNP Paribas

11 Dec 2024 - 06:51- EquitiesResearch Sheet- Source: Newsquawk