Additional European Equity News

BP (BP/ LN) - Q1'2026 Trade Update: Reported upstream production in the first quarter is expected to be broadly flat compared to Q4'25. Further guidance: Gas & low carbon energy is expected to be slightly higher compared to Q4'25. Oil production & operations is expected to be slightly lower compared to Q4'25. Realisations are expected to have an impact compared to the prior quarter in the range of USD +0.1-0.2bln. These include the significant impact of the price lags on BP's production, particularly in the Gulf of America and the UAE where production is priced on one and two month lagged basis respectively. Net debt at the end of the first quarter is expected to be in the range of USD 25 to 27bln compared to the end of the fourth quarter 2025 (USD 22.2bln). (BP)

Chipmakers - Chinese memory chipmaker YMTC reportedly plans to build two new fabs, according to sources. (Market Source) 

EU Energy - A coalition of energy companies, chemical makers and trade associations has written to EU energy ministers urging a "stop-the-clock" mechanism and other changes to the bloc's upcoming methane emissions regulations to allow companies time to adjust.

Imperial Brands (IMB LN) - Trading Update: Co. reiterates FY guidance, group adj. operating profit expected to be higher compared to H1'25 and on track to deliver at least high-single digit EPS growth. Continued momentum towards becoming more consumer-centric, data-led, and efficient through long-term partnership with Capgemini, supply chain footprint initiatives, and further roll-out of our enterprise IT applications. (Imperial Brands)

Intertek (ITRK LN) - Trading Update: Strong start to the year with robust LFL revenue growth of 5.4% at CCY in Q1'26 and confirms its FY guidance, on track to deliver a strong 2026 with mid-single digit LFL revenue growth at CCY. (Intertek)

Novo Nordisk (NOVOB DC) - Novo Nordisk and OpenAI partner to transform how medicines are discovered and delivered. Strategic partnership enables upskilling of Novo Nordisk’s workforce and places the company at the forefront of AI transformation in healthcare. Novo Nordisk will integrate OpenAI's most advanced AI capabilities globally from drug discovery to commercial operations, empowering talent to move faster, work smarter, and deliver life-changing outcomes for patients. (Novo Nordisk)

Page (PAGE LN) - Q1 Trading Update: Group gross profit GBP 187mln, -4.9% Y/Y. Performance is resilient despite heightened geopolitical and macro-economic uncertainty but adds that the Middle East conflict driving an increasingly uncertain outlook for the rest of the year. The Americas and Asia Pacific delivered continuing growth while EMEA and the UK remain tough. (Page)

Telecom Italia (TIT IM) - TIM, in connection with the sale of Sparkle, which is expected to be finalized in the second quarter of 2026, announces that it has signed an agreement with Boost BidCo, a vehicle controlled by the Ministry of Economy and Finance (MEF) and in which Retelit holds a stake, extending the long-stop date for the closing of the transaction to 15 October 2026. (Telecom Italia) 

Barclays (BARC LN) downgraded to Neutral from Outperform at BNP Paribas

Engie (ENGI FP) downgraded to Market Perform from Outperform at Societe Generale

HSBC (HSBA LN) downgraded to Neutral from Outperform at BNP Paribas

Schindler (SCHN SW) upgraded to Overweight from Equal Weight at Barclays

14 Apr 2026 - 07:12- EquitiesEU Research- Source: Newsquawk