Additional European Equity News

Amadeus (AMS SM) – Says wholly-owned French subsidiary SAS starts buy-back programme. (Newswires)

Anglo American (AAL LN) - Australia's mining and energy union said it will seek urgent meetings with Anglo to discuss worker's job securities amid plans it plans to sell coal mines in the region. (Newswires) 

Burberry (BRBY LN) – Trading update: Expects currency headwind of GBP 30mln to revenue. Expects H1 to remain challenging. Wholesale revenue expected to fall 25%. FY Adj. Operating margin 14.1% (exp. 13.9%). (Newswires)

Bayer (BAYN GY) - Starts Phase 1 study with novel targeted Radionuclide therapy 225ac-psma-trillium in advanced metastatic prostate cancer. (Newswires) 

Compass (CPG LN) – H1 (USD): Revenue 20.9bln (exp. 20.87bln). (Newswires)

Casino (CO FP) – Termination of Trinity’s temp suspension of certain of its rights in Casino. (Newswires)

Delivery Hero (DHER GY) – Co. successfully completed redenomination of its EUR term loan in South Korea won. (Newswires)

Experian (EXPN LN) – FY Trading Update: Dividend +7%, EBIT margin 27.6%, +10bps in actual rates. Expects good margin expansion in FY25. (Newswires)

FLSmitdth (FLS DC) – Q1 (DKK): EBIT 305mln (exp. 3232.8mln), Revenue 4.83bln (exp. 5.33bln). FY guidance maintained. (Newswires)

Flughafen Zurich (FHZN SW) – April 2024: Passengers at April +6.9% Y/Y. (Newswires)

Hapag Lloyd (HLAG GY) – Q1 (EUR): EBITDA 942mln, Profit 325mln. Outlook: Group EBITDA now expected to be in range of 2.2-3.3bln (prev. 2-3bln). EBIT in range of 0-1.1bln (prev. 0-1bln). Global ship order book 21% global fleet (prev. 26% Y/Y). (Newswires)

Imperial Brands (IMB LN) – Trading Update: Continued confidence in successful delivery of FY results. Delivering GBP 1.1bln in share buyback this year. Increased interim dividend +4%. On track to return at least GBP 2.4bln to shareholders in FY24. (Newswires)

Raiffeisen Bank (RBI AV) - US Treasury Deputy Sec Adeyemo says any expansion into Russia would contradict assurance given to treasury it  was seeking to reduce business there, via Reuters citing sources. (Reuters) 

Renk (R3NK GY) – Q1 (EUR): Revenue 238mln (prev. 194mln Y/Y), Order intake 208mln (prev. 458mln Y/Y). Confirms FY24 guidance. (Newswires)

Rio Tinto (RIO LN) - Confirms rail incident occurs about 800kms from Karratha; no people in vicinity. (Newswires) 

Spirax-Sirco (SPX LN) – Trading Statement: Trading in-line with expectations and FY guidance maintained. Adj. Op. profit margin was slightly ahead compared to same period of 2023. (Newswires)

Siemens (SIE GY) – Co. and Foxconn sign MoU highlighting JV commitment to sustainability. (Newswires)

Senior (SNR LN) – Finance Director Foyle to retire. (Newswires)

Talanx (TLX GY) – Q1 (EUR): Net Income 572mln, +35%. Affirms FY24 guidance. (Newswires)

thyssenkrupp nucera (NCH2 GY) - Q2 (EUR): Sales 168mln (exp. 186mln), Order intake 75.3mln, -42%. Outlook: Expects sales to grow 26-38% to 820-900mln (exp. 974mln). (Newswires) 

Tui (TUI GY) – Q2 (EUR): Underling EBIT -189mln (exp. -246mln), Revenue 3.6bln, +16% Y/Y.  CFO: have significantly reduced interest expenses, annual outlook for this at the lower-end of guidance. CEO: cruise ships fully sold out in the coming months, continued promising booking trend. (Newswires)

Vodafone (VOD LN) – Commences EUR 500mln share buyback programme. (Newswires)

Carrefour (CA FP) downgraded to Underweight from Neutral at JP Morgan 

HelloFresh (HFG GY) downgraded to Neutral from Overweight at JP Morgan 

Hannover Re (HNR1 GY) upgraded to Hold from Reduce at HSBC

15 May 2024 - 07:20- Research Sheet- Source: Newsquawk