Additional European Equity News

AI Names - Softbank (9984 JT) has won approval from the UK Government to buy British chipmaker Graphcore, The Times. (The Times)

Aker Solutions (AKSO NO) - Q2 (NOK): EBITDA 1.2bln (exp. 958mln), Revenue 12.8bln (exp. 11.75bln). Lifts guidance: Revenue  in 2024 to grow a level of around NOK 50bln. (Newswires) 

Ashmore (ASHM LN) - Trading statement: AUM decreased by USD 2.4bln. Market performance over three months broadly in line with past 3 quarters. (Newswires) 

Avanza Bank (AZA SS) – Q2 (SEK): Net Income 506mln (exp. 534mln), Adj. EPS 3.22 (exp. 3.39). Customer activity was strong initially but slowed in second half of the quarter with stock market trending sideways and low volatility. (Newswires)

Novo Nordisk (NOVOB DC) - Wegovy and Ozempic may help users ward off dementia and lower the risk of problems such as memory loss, according to The Times citing researchers. (The Times) 

Partners (PGHN SW) - H1 (USD): AUM 149.2bln (prev. 141.7bln Y/Y). Reconfirms FY24 guidance. (Newswires) 

Saipem (SPM IM) - Signs framework agreement in consortium with BP (BP/ LN) exploration; dal valued at USD 250mln. (Newswires) 

Shell (SHEL LN) - Operator of Jerun Field in Malaysia announced first gas has been achieved. (Newswires) 

Top Danmark (TOP DC) - 2024 forecast model: Expected organic revenue  growth is improved from above 4.5% to 6%. (Newswires) 

Diageo (DGE LN) downgraded to Sell from Neutral at Goldman Sachs

ITV (ITV LN) assumed with Equal Weight at Morgan Stanley

UMG (UMG NA) initiated with Peer Perform at Wolfe Research

12 Jul 2024 - 06:57- EquitiesResearch Sheet- Source: Newsquawk