Additional European Equity News

Accor (AC FP) - To open 3 new luxury hotels in Riyadh in partnership with Erth Real Estate (Newswires)

British American Tobacco (BATS LN) - The Board announced the appointment of Tadeu Marroco as Chief Executive of BAT plc to succeed Jack Bowles who is stepping down from the Board of Directors with effect from 15 May. (British American Tobacco)

Diploma (DPLM LN) – H1 (GBP): Revenue 582mln (prev. 448mln),  adj. Operating Margin 110mln (prev. 82mln), FCF 52mln (prev. 38mln), adj. EPS 0.591 (prev. 0.47). (Diploma)

Entain (ENT LN) – Hoskin to step down as Chief Governance Officer on June 30th. (Newswires)

Fresnillo (FRES LN) - Co. says there is no change to 2023 production guidance. (Newswires) 

Intesa Sanpaolo (ISP IM) - Goldman Sachs (GS) held 6.4% stake at the bank as of May 5th, mostly via financial derivatives. (Newswires) 

Kesko (KESKOB FH) - April (EUR): Sales 964.4mln, -3.8%. (Newswires)

Novartis (NOVN SW) - Board of Directors approves the recommendation of Sandoz chairman-designate for the future Sandoz Board of Directors, to start preparatory work in June followed by a formal constitution in H2 2023. (Newswires)

Pernod Ricard (RI FP) – Moral Rating Organisation says Pernod’s Russia commitment is unsatisfactory. (Newswires)

SBB (SBB SS) – Given notice to attend an EGM on 14th June; background to authorisation is to determine record dates is to enable postponement of payment date for dividend. (Newswires)

TotalEnergies (TTE FP) – Strengthening presence in Suriname, signs production sharing contracts for shallow offshore Blocks 6 & 8 on Suriname. (Newswires)

UniCredit (UCG IM) – Above MREL requirements, from January 1st 2024 fully-loaded MREL will be equal to 6.02% of LRE. (Newswires)

Wood Group (WD/ LN) - Apollo does not intent to make an offer for John Wood, according to Bloomberg. (Newswires) 

Castellum (CAST SS) initiated with Buy at Artic Securities

15 May 2023 - 07:23- EquitiesResearch Sheet- Source: Newsquawk