Additional European Equity News

AstraZeneca (AZN LN) – Acquisition of Amolyt Pharma completed. (Newswires)

Atos (ATO FP) – Targeted new secured financing of EUR 1.675bln committed by group of banks and bondholders. Interim financing of EUR 800 million secured, providing the liquidity necessary to fund the business until close of the financial restructuring plan. The net proceeds from the potential disposals of Worldgrid and of the French Sovereign activities of Atos’ BDS business will be used to repay the reinstated debt if the forecasted cash balance of the Company as at December 31, 2026 is at least €1.1 billion. (Atos) 

Burberry (BRBY LN) - Q1 (GBP): Retail Revenue 458mln (prev. 589mln). Q1 FY25 performance is disappointing; luxury market proved more challenging than expected, Co. suspends dividend; expects to report an operating loss for H1 if weakness persist through Q2. (Newswires) 

Bper (BPER IM) – Bank has signed two agreement with unions for 615 voluntary staff exits, 460 new full-time hirings and a 2024 employee bonus worth EUR 1,850. (Newswires)

Carrefour (CA FP) - Co. partners with GreenYellow to produce Photovolataic power in France. (Newswires) 

Ericsson (ERICB SS) – And Oppo sign global patent cross license agreement. (Newswires)

EDP Renovaveis (EDPR PL) - PPA secured on 100 MWAC solar project in the US with Google (GOOG). (Newswires) 

Enel (ENEL IM) – Australian unit Enel Green Power Australia will build up capacity in renewable energy for more than 300 megawatts currently to between  2000 and 4000 MW by 2030, via Nikkei. (Nikkei)

Gjensidige Forsikring (GJF NO) – Q2 (NOK): Pretax profit 1.83bln (prev. 1.33bln Y/Y), Insurance Service 1.43bln (exp. 1.50bln). Says significant weather-related claims and provisions will challenge delivery on the combined ratio target for 2024. (Newswires)

Intesa Sanpaolo (ISP IM) – Italian pension funds have increased their collective stake in the bank to around 2.2%, and want to increase it further to at least 3.5%, according to II Messaggero. (II Messaggero)

Robert Walters (RWA LN) – Q2 Trading Update: Net Fee Income -12%. Any material improvement in confidence levels will be gradual and likely not occur before 2025. Headcount -5% Q/Q, -15% Y/Y. (Newswires)

Rolls Royce (RR/ LN) - Got order from Battery Park Zeewolde to supply large-scale battery storage system. (Newswires) 

Logitech (LOGN SW) - Daniel Borel secured a court order to delay the AGM, via Bloomberg. (Bloomberg)

Skanksa (SKAB SS) - Rebuilds 7 Millbank in London for GBP 105mln. Expands hospital in USA for USD 74mln. (Newswires) 

Saipem (SPM IM) – Wins two offshore projects in Saudi for about USD 500mln. (Newswires)

TotalEnergies (TTE FP) – Co. shut down its 238k bpd Port Arthur, Texas refinery due to loss of steam supply. (Newswires)

UBS (UBSG SW) – Prelim findings in a parliamentary report into the 2023 collapse of Credit Suisse, have identified serious failing by Swiss regulatory authorities leading to the banks demise, according to SonntagsZeitung. (SonntagsZeitung)

UniCredit (UCG IM) - Alpha Bank said it has agreed to sell its majority stake in Alpha Bank Romania to UniCredit. (Newswires) 

Genmab (GMAB DC) upgraded to Outperform from Sector Perform at RBC

15 Jul 2024 - 06:48- EquitiesResearch Sheet- Source: Newsquawk