Additional European Equity News

Ahold Delhaize (AD NA) - Reached roughly halfway in its goal to increase revenue from businesses beyond grocery to EUR 1blb by 2025, via Reuters citing the CEO. (Reuters)

AstraZeneca (AZN LN) - Capivasertib in combination with Faslodex granted Priority Review in the US for patients with advanced HR-positive breast cancer. (AstraZeneca)

Carrefour (CA FP)/Casino (CO FP) - La Figaro reports that the Cos could merge. (Newswires)

CD Projekt (CDR PW) - To release the Phantom Liberty DLC expansion for Cyberpunk on September 26th. (Newswires)

Ferrari (RACE IM) - Co. won the centenary edition of the 24 Hours of Le Mans. (Newswires)

Frasers (FRAS LN) - Acquired a 18.9% stake in AO World PLC on 9th June. (Newswires)

Glencore (GLEN LN) - Confirms it has submitted an alternative proposal to acquire Teck's steelmaking coal business. (Newswires)

Heathrow  - 6.7mln passengers in May, tripled bank holiday helped to drive passengers. Do not anticipate cancellations as a result of strikes during the summer. (Newswires)

Iberdrola (IBE SM) - Concludes sale of Mexican assets for USD 6bln. (Newswires)

Igas (IGAS LN) - Selected as the preferred contractor for Salisbury NHS Trust geothermal scheme. (Newswires)

Indivior (INDV LN) - To begin trading on the NASDAQ, will, retain primary LSE listing. (Newswires)

Novo Nordisk (NOVOB DC) - Investing DKK 15.9bln in the expansion of manufacturing facilities in Denmark. (Newswires)

Orpea (ORP FP) - Extension of the remote voting period for classes of affected parties and adjournment of in-person meetings of such classes. Company is awaiting decision of judicial administrators for date to be set for in-person meetings. (Newswires)

Petrofac (PFC LN) - Signed a USD 1.5bln contract with Algeria's STEP Polymers. (Newswires)

Rheinmetall (RHM GY) - CEO says a EUR 17bln valuation is realistic over the medium term. (Newswires)

Rio Tinto (RIO LN) - Signed an MOU with China Baowu to extend climate partnership to decarbonise the steel value chain. (Newswires)

Snam (SRG IM) - Co. has reportedly selected advisors re. a potential purchase of Edison's (EDN IM) gas storage unit, via Reuters citing sources. (Reuters)

STMicroelectronics (STM FP) - Co. and GlobalFoundaires have reportedly expressed an interest in purchasing the Newport Wafter Fab., following the UK gov't ordering the Chinese owners to sell it. Telegraph article adds that there are as many as 10 possible bidders. (Telegraph)

Skanska (SKAB SS) - Constructs an office for Vectura in Sweden for circa. SEK 650mln. (Newswires)

ThyssenKrupp (TKA GY) - Officially announces intention to seek a listing on the Frankfurt exchange for Nucera. (Newswires)

Ubisoft (UBI FP) - Co. and Microsoft (MSFT) revealed the cinematic trailer for Star Wars Outlaws, to be released in 2024. (Ubisoft)

Volkswagen (VOW3 GY) - Board is reportedly preparing a restructuring, via Handelsblatt. Will begin with cost reductions and a reassignment of the structure, described as the "biggest restructuring in decades". (Handelsblatt)

Adidas (ADS GY) upgraded to Outperform from Marketperform at Bernstein

Icade (ICAD FP) upgraded to Neutral from Sell at Goldman Sachs

Ocado (OCDO LN) upgraded to Neutral from Underperform at BNP Paribas

Segro (SGRO LN) downgraded to Neutral from Buy at Goldman Sachs

Unibail-Rodamco (URW NA) upgraded to Buy from Neutral at Goldman Sachs

Wizz Air (WIZZ LN) maintained with Overweight at JPMorgan

12 Jun 2023 - 07:15- Research Sheet- Source: Newsquawk