Additional European Equity News

Burberry (BRBY LN) - Q3 (GBP): Retail Sales 706mln (exp. 717mln), Comp Sales -4% (exp. +1%), now expect FY results to be below prior guidance. "The slowdown in luxury demand is having an impact on current trading." Expects FX headwinds of around GBP 120mln on revenue and around GBP 60mln on adjusted operating profit. (Burberry)

John Wood (WG LN) - FY23 Trading Update (GBP): Revenue 6bln, +9% Y/Y. (Newswires) 

Metro Bank (MTRO LN) - CFO Hopkinson to step down, effective immediately. (Newswires) 

Skanska (SKAB SS) - Upgrades waterfront facility in Eastern USA for USD 128mln, about SEK 1.3bln. (Newswires) 

Vistry (VTY LN) - FY23 Trading Update: Adj. PBT "in line with prior year at GBP 418mln." (Newswires) 

Vinci (DG FP) - Receives EUR 200mln contract to build electric infrastructure in Senegal 

ams OSRAM (AMS SW) upgraded to Outperform from Market Perform at Bernstein

Axfood (AXFO SS) downgraded to Sell from Hold at Danske Bank 

Prosus (PRX NA) initiated with Buy at Redburn Atlantic 

Rational (RAA GY) downgraded to Hold from Buy at Hauck & Aufhaser

Sainsbury's (SBRY LN) initiated with Buy at Kepler 

Suedzucker (SZU GY) downgraded to Sell from Buy at Warburg Research

12 Jan 2024 - 07:07- EquitiesData- Source: Newsquawk

EquitiesEuropeBurberry Group PLCConsumer Durables & ApparelApparel, Accessories & Luxury GoodsTextiles, Apparel & Luxury GoodsUnited KingdomVinci SACapital GoodsConsumer Staples Distribution & Retail (Group)Consumer Staples Distribution & RetailConstruction & Engineering (Group)Construction & EngineeringSuedzucker AGRational AGJohn Wood Group PLCEuropean Equity NewsFood RetailJ Sainsbury PLCUnited StatesSBRY.LNBRBY.LNWG.LNSKAB.SSDG.FPAXFO.SSRAA.GYSZU.GYEURO STOXX 50FTSE 100 IndexSkanska ABAxfood ABGBPFranceNetherlandsUSDBRBYPRXPerform Group PLCams AGDGUSD/SEKEastern Co/TheRetail SalesSBRYConsumer Discretionary Distribution & RetailForexConsumer Staples Merchandise RetailDollar General CorpProsus NVBroadline RetailBroadline Retail (Group)DataS&P 500 IndexAEX 25 IndexSwedenSEKCAC 40 IndexEU SessionResearch SheetAsian SessionHighlightedEUR

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