Additional European Equity News

Diageo (DGE LN) – Co. has sold a majority shareholding in Nigeria amid the economic and currency crisis within the region, according to The Times. (The Times)

Evotec (EVT GY) – Announced today that Co. has reached important scientific progress within its Neuroscience collaboration with Bristol Myers Squibb (BMY); triggering a research payment of USD 20mln to Evotec. (Newswires)

Flughafen Wien (FLU AV) – May 2024 Traffic: 3.745mln passengers, +8% Y/Y. (Newswires)

Intesa Sanpaolo (ISP IM) - Italy antitrust authority closes probe into the Co. and its unit Isybank; says they have taken required action to avoid unfair practices. 

Legal & General (LGEN LN) – Announced GBP 200mln share buyback for 2024. Target 6-9% core operation EPS CAGR for 2024-27, at an operating return on equity of over 20%. Michelle Scrimgeour has announced her intention to stepdown from role of LGIM CEO. (Newswires)

Leonardo (LDO IM) - Co. said it had interrupted negotiations with KMW+Nexter Defence Systems to create a strategic tank alliance. (Newswires)

Skanska (SKAB SS) - Divests rental residential project in Denmark for SEK 1.1bln. (Newswires) 

Umicore (UMI LN) – Battery Materials business: Expects FY Adj. EBITDA around break even (prev. guided 135mln). Slowdown in EV growth significantly impacts 2024 outlook for the Co. Now expects group EBITDA for FY24 in range of EUR 760-800mln. Given slower ramp-up, Co. is assessing ways to adjust its cost structure. (Newswires)

Uniper - Co. awarded EUR 13bln damages in Russian gas export arbitration. (Newswires) 

12 Jun 2024 - 07:08- EquitiesResearch Sheet- Source: Newsquawk