Additional European Equity News

Evotec (EVT GY) – Announced strong progress in strategic protein degradation partnership with Bristol Myers Squibb (BMY); performance-based achievements trigger payments in total of USD 75mln. (Newswires)

Grifols (GRF SM) - Due diligence of the Brookfield takeover has found irregularities in the way subsidiaries are accounted for, "at least the one in China", which could condition/ruin the price of the offer, via ok diario citing sources. (ok diario)

ISS (ISS DC) - H1 (DKK): Op. Profit 1.51bln (prev. 1.31bln Y/Y). Increases share buyback by DKK 250mln. (Newswires)

Novartis (NOVN SW) – Failed to convince a federal court to block general drugmaker MSN Pharmaceuticals from launching its own version of Novartis’s Entresto. (Newswires)

Porsche SE (PAH3 GY) - H1 (EUR): Result after tax 2.1bln (prev. 2.3bln Y/Y); expects FY24 group result after tax of 3.5-5.5bln (prev. guided 3.8-5.8bln)

Skanska (SKAB SS) – Signed lease for the office building in USA. (Newswires)

Tate & Lyle (TATE LN) - Sarah Kuiklaars appointed as CFO. (Newswires) 

Telecom Italia (TIT IM) - Signed deal with Ardian and Daphne 3 to sell the residual stake in Inwit. (Newswires)