Additional European Equity News

AI Glasses - The AI glasses market is expanding as multiple companies launch or plan new models, but challenges remain over smartphone integration and battery life, DigiTimes reports. Extending battery longevity is critical for widespread adoption, while the market continues to explore niche applications and ecosystem development. Elsewhere, it reports that Foxconn (HNHPF) is targeting the AI smart glasses market as smartphones reach saturation, moving beyond contract assembly through investments in local AR firm Jorjin, signalling a strategic push into next-generation smart glasses development and production.

BT (BT/A LN) - Co. appoints Sunil Bharti and Gopal Vittal onto the group board. (Newswires) 

IG (IGG LN) - Mike McTighe to step down as Chairman by end-2025. (Newswires)

J Sainsbury (SBRY LN) - Termination of discussions with JD.Com (9618 HK). (Newswires)  

Orsted (ORSTED DC) - Co. sets subscription price at DKK 66.60/shr with 15:7 ratio. (Newswires) 

Rubis (RUI FP) - Co. has reportedly attracted CVC and Trafigura as potential bidders, via Reuters citing media. (Newswires)

S4 Capital (SFOR LN) - H1 (GBP): Revenue 360.4mln (prev. 423mln Y/Y). FY LFL Revenue growth rev. exp. to be down by mid-single digits. Will consider approving enhanced final dividend for 2025. Expects an improved performance in H2. (Newswires) 

Wind Energy - The US Trump administration asked a federal judge to cancel the 2024 approval of a wind farm project off the Maryland coast. (Bloomberg) 

UniCredit (UCG IM), Commerzbank (CBK GY) - UniCredit CEO Andrea Orcel said the bank may sell its 26% stake in Germany’s Commerzbank to a non-EU bank if shareholders approve a profitable offer, according to Reuters. Commerzbank and the German state oppose a tie-up. Orcel emphasised shareholder obligations would prevail despite his preference to strengthen a European banking presence.

BP (BP/ LN) upgraded to Outperform from Neutral at BNP Paribas 

Edenred (EDEN FP) downgraded to Market Perform from Outperform at Bernstein

Givaudan (GIVN SW) upgraded to Hold from Underperform at Jefferies