Additional European Equity News

Autos - US President Trump said he is looking to help car companies and there will maybe be some things coming up.

BE Semiconductor (BESI NA) - Applied Materials (AMAT) announces strategic investment in Be Semiconductor Industries, acquiring 9% stake. (Newswires) 

B&M European (BME LN) - FY25 Trading Update (GBP): Revenue 5.6bln (exp. 5.6bln). Adj. EBITDA exp. to be above mid-point of guidance. Co. is making progress on CEO succession. (Newswires) 

Beiersdorf (BEI GY) - Q1 (EUR): Sales 2.7bln, +3.6% Y/Y, Sales in Consumer Business Segment at 2.3bln, +2.3% Y/Y. Confirms outlook. (Newswires) 

Carl Zeiss Meditec (AFX GY) - Meditech achieved significant earnings increase in Q2. Sees slightly higher EBITDA Y/Y. (Newswires) 

De La Rue (DLAR LN) - Acquisition values entire issued and to be issues share capital of De La Rue at approx. GBP 263mln; recommended acquisition. Confirms earlier sources.

FirstGroup (FGP LN) - FY25 Trading Update: Notes that EPS is ahead of guidance. (Newswires) 

Frasers (FRAS LN) - Confirms long-term strategic retail partnership with Accent Group. (Newswires) 

Robert Walters (RWA LN) - Q1 (GBP): Net Fee Income 67.3mln, -16% Y/Y. Notes of challenging conditions and visibility is limited given macro uncertainty. (Newswires) 

Tate & Lyle (TATE LN) - FY25 Trading Update: Results in line with guidance. (Newswires) 

TotalEnergies (TTE FP) - Q1 Trading Update: Integrated power results are expected to be between USD 450-500mln, as in the second and third quarters of 2024, with no farm-down in this quarter. Exploration & production results are expected to reflect production growth and a slightly more favourable pricing environment than in Q4'24. Refining & chemicals results are expected to be similar to Q4'24. (Newswires) 

PK Orlen (PKN PW) - FY (PLN) Revenue 295bln (prev. 372.9bln Y/Y)

Wise (WISE LN) - Q4 Trading Update (GBP): Underlying Income 350.4mln (exp. 353.7mln), +15% Y/Y. Affirms underlying PBT margin at top end of target range. (Newswires) 

ADP (ADP FP) upgraded to Neutral from Underperform at Santander

CMC Markets (CMCX LN) upgraded to Hold from Sell at Panmure Gordon

Repsol (REP SM) downgraded to Underperform from Neutral at BNP Paribas 

Total Energies (TTE FP) upgraded to Outperform from Neutral at BNP Paribas

Puma (PUM GY) initiated with Buy at Berenberg 

VAT (VACN SW) upgraded to Outperform from Neutral at Oddo