Additional European Equity News

Atos (ATO FP) – Onepoint has lifted its stake in the Co. to 11.4% (9.9% on November 1st). Onepoint is seeking three seats on the forms board and while it intends to continue purchasing shares it does not intend to take control of the firm. Atos acknowledges the announcement, will continue to have constructive talks. (Newswires)

Air France (AIR FP) - Op. margin outlook revised upwards. Above 8% over 2026-2028 period (prev. guidance 7-8%). (Newswires) 

ABN Amro (ABN NA) - Acquires nebroker Bux, Aneobrokers. No terms disclosed. (Newswires) 

Arkema (AKE FP) – Acquires tile adhesive manufacturer Arc  building products in Ireland. No terms disclosed. (Newswires)

Bayer (BAYN GY) - Iktos and Bayer announce collaboration to expand the use of AI in the discovery and development of new sustainable crop protection products. (Newswires) 

Bunzl (BNZL LN) - Trading Statement: Upgrades 2023 Op. profit outlook and announces three further acquisitions. Revenue in 2023 expected to be in line with that of 2022; Total Revenue expected to be 1-2% lower than in 2022. FY Group Adj. Profit is expected to deliver moderate growth, with operating margin expected to be slightly ahead of previous record level. (Newswires) 

Continental (CON GY) - Chairman says open to many options on the path ahead. (Newswires) 

Capita (CPI LN) - Issues Q3 trading update: Positive operational performance across both divisions. Adjusted revenue growth of 2.1% in 11 months to 30 November 2023. (Newswires)

Heineken (HEIA NA) – Proposes reappointment of CEO van den Brink, for a four-year term. (Newswires)

Kongsberg Gruppen (KOG NO) - Lithuania acquires more NASAMS air defence from Co. for around EUR 200mln. (Newswires) 

Richemont (CFR SW) - Farfetch in talks with Apollo Global Management to secure up emergency funding to shore up its finances, via Sky News. (Sky News) 

Serco (SRP LN) – pre-close update (GBP): FY23 Revenue expected to be at least 4.8bln (exp. 4.78bln), Operating Profit 245mln (exp. 245mln). Acquisition of German immigration business for EUR 150mln. (Newswires)

SSP (SSPG LN) – To increase its footprint in North America and Middle East through two new transactions. This acquisition of ECG in Canada and a major new contract with Jeddah airport. (Newswires)

Telecom Italia (TIT IM) - Chairman Rossi will inform directors about his plans at a Thursday meeting, via Reuters citing sources. Follows reports he will not seek another mandate. (Newswires)

UniCredit (UCG IM) - Consortium involving the Co. has reportedly won the auction to redevelop a Milan railway yard for circa. EUR 500mln. (Newswires)

Neste (NESTE FH) – Announce Porvoo refinery will be shut down for regulatory inspection, maintenance works and selected asset improvement initiative for 9 weeks during April-June 2024. (Newswires)

Next (NXT LN) downgraded to Hold from Buy at Stifel Nicolaus 

14 Dec 2023 - 07:05- Research Sheet- Source: Newsquawk