Additional European Equity News

BMW (BMW GY) - CFO says FY22 pre-tax earnings forecasts were met. (Newswires) 

Castellum (CAST SS) - FY22 (SEK): Revenue 9.0bln (prev. 6.35bln Y/Y). Co. is to carry out a rights issue of around USD 955mln, according to Bloomberg. (Newswires)

Ferrovial (FER SM) - Over 5.4mln passengers travelled through Heathrow in January - the busiest start of the year since 2020. (Newswires)

Orpea (ORP FP) Q4 2022 (EUR): Revenue 1.21bln (prev. 1.11bln). Organic revenue +5.7% Y/Y. (Newswires)

Kape Technologies (KAPE LN) - Teddy Sagi has offered to buy Co. for USD 3.44/shr (vs close GBP 2.5950). (Newswires)

Saipem (SPM IM) - Underwrites two credit lines for EUR 860mln. (Newswires) 

Sanofi (SAN FP) - Reed, global head of R&D, is to depart. Elsewhere, in 2023 Co. will launch two first/best-in-class medicines to address major needs in haemophilia and respiratory syncytia virus. (Newswires)

Aurubis (NDA GY) upgraded to Equal Weight from Underweight at Morgan Stanley

Credit Suisse (CSGN SW) downgraded to Reduce from Hold at Kepler Chevreux

Norsk Hydro (NHY NO) downgraded to Sell from Hold at Carnegie

Rio Tinto (RIO LN) downgraded to Neutral from Outperform at BNP Paribas

Weir Group (WEIR LN) initiated with Buy at Goldman Sachs