Additional European Equity News

Anglo American (AAL LN) - Reports Cycle 2 sales values of USD 430mln (prev. 497mln Y/Y). (Newswires) 

Balfour Beatty (BBY LN) - FY23 (GPB): Net 205mln (exp. 202mln, prev. 290mln Y/Y), Op. 228mln (prev. 279mln Y/Y), Revenue 9.60bln (exp. 8.80bln, prev. 8.91bln Y/Y). Authorises GBP 100mln share buyback programme. (Newswires) 

Electrolux (ELUXB SS) - Co. confirms current strategy and financial targets. (Newswires) 

Eurazeo (RF FP) - To sell all the share capital of Perters Surgical to Advance Medical Solutions. (Newswires) 

Ferrexpo (FXPO LN) - Decided that more time is needed to finalise FY results. (Newswires)

Metro Bank (MTRO LN) - FY23 (GBP): Pretax -16.9mln (exp. 3mln, prev. -50.6mln Y/Y), Revenue 546.5mln (exp. 565mln, prev. 522.1mln Y/Y). CET1 Ratio 13.1% (prev. 10.3% Y/Y). Deposits 15.6bln (prev. 16.0bln Y/Y). (Newswires) 

Neste (NESTE FH) - Co. to cut 320 jobs in Finland. (Newswires) 

Orsted (ORSTED DC) - Divests share of four US onshore wind farms to Stonepeak for USD 300mln. (Newswires)  

Rheinmetall (RHM GY) - Awarded artillery ammunition order for Spanish army. (Newswires) 

Telecom Italia (TIT IM) - Iliad is considering a proposal for a partnership with TIM, via Il Giornale citing La Tribune. (Newswires)

A2A (A2A IM) resumed with Hold at Kepler 

Grifols (GRF SM) downgraded to Sell from Hold at Deutsche Bank 

Telia (TELIA SS) upgraded to Hold from Sell at Redburn Atlantic 

Porsche AG (P911 GY) downgraded to Hold from Buy at SocGen

13 Mar 2024 - 07:10- EquitiesEconomic Commentary- Source: Newsquawk