Additional European Equity News

Autos – The sale of new petrol-fuelled motorcycles is set to be banned by 2040, under new plans to be announced by the UK government’s net zero crackdown, via The Telegraph. (The Telegraph)

Ceceonomy (CEC GY) - Continues to expect a slight increase in total sales. Raises outlook: Adj. EBIT expected between 290-310mln. (Newswires) 

Diploma (DPLA LN) – H1 (GBP): Revenue 638.3mln (prev. 582.8mln Y/Y), Organic Rev. growth +5% (prev. +10% Y/Y), EPS 43.1p (prev. 59.1p Y/Y). Declared a 5% increase in interim dividend to 17.3p/shr. (Newswires)

DiaSorin (DIA IM) – Restarting its buyback programme already disclosed to market on May 8 2023. (Newswires)

Investments in France – Leading healthcare Cos announced new investments in France worth a total of USD 1bln. (Newswires) Cos include Sanofi (SAN FP), AstraZeneca (AZN LN) and Pfizer (PFE). (Newswires) 

NatWest (NWG LN) - UK government is stepping up preparations to sell its stake in the Co., via Bloomberg. (Bloomberg)

Rio Tinto (RIO LN) - Confirms iron ore train derailment at Western Australian operations on Monday. (Newswires) 

Rheinmetall (RHM GY) - Co. eyes up EUR 30-40bln from German government's special fund. (Newswires) 

Phoenix (PHNX LN) – Rakeseh Thakrar will step down as CFO. (Newswires)

Qiagen (QIA GY) – Received FDA clearance for Qiastar-DX respirtarory syndromic testing panel for fast and accurate results. (Newswires)

Unite (UTG LN) – Disposal of six properties for GBP 184mln. (Newswires)

UniCredit (UCG IM) - CEO said Co. is in position to return to its shareholders more than half of its current market cap, amounting to around EUR 61bln. (Newswires) 

Fresenius SE (FRE GY) upgraded to Overweight at Barclays 

Henkel (HEN3 GY) downgraded to Neutral from Buy at Bank of America

13 May 2024 - 07:08- EquitiesResearch Sheet- Source: Newsquawk