Additional European Equity News

ABN AMRO (ABN NA) - Dutch Government to cut its stake in ABN AMRO to 30% (prev. 40.5%), via Bloomberg; seeks to reduce its stake through trading plan. (Bloomberg)

Bellway (BWY LN) - FY (GBP): Revenue 2.38bln (exp. 2.33bln), Adj. EBIT 238.1mln (exp. 231.9mln). Customer demand through H2 benefited from a moderation in mortgage interest rates. Well placed to deliver a material increase in  vol. output in FY25. Targeting 8500 homes in current FY. (Newswires)  

De La Rue (DLAR LN) - To sell Authentication division to Crane Nxt for GPB 300mln. (Newswires) 

Poste Italiane (PST IM) - The Treasury has sounded out a number of banking foundations for a possible interest in the stake on the Co. (Newswires) 

Robert Walters (RWA LN) - Q3 Trading Update: Group net fee income -12% Y/Y. Through market conditions mean H2 fee income is unlikely to exceed that seen in H1. Continues to aim for profitability in FY. (Newswires) 

TotalEnergies (TTE FP) - Q3 European refining margin maker at USD 15.4/t (prev. USD 44.9/t in Q2). (Newswires) 

Wise (WISE LN) - Q2 (GBP): Underling Income 337.2mln, +17% Y/Y. Active customers 8.9mln, +23% Y/Y. Do not currently anticipate making further material investments in reduced pricing in H2. (Newswires) 

15 Oct 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk