Additional European Equity News

ArcelorMittal (MT NA) - Enters the additive manufacturing industry as a steel powder supplier. (Newswires) 

BASF (BAS GY) - Co. and SK On entered into agreement to evaluate collaboration opportunities in the global lithium-ion battery market. (Newswires) 

Ceconomy (CEC GY) - China's JD.com (JD) is reportedly showing interest in Ceconomy, with the Chinese online retailer is talking to Ceconomy shareholders, according to insiders cited by Manager Magazin. (Manager Magazin)

Experian (EXPN LN) – H1 (USD): EPS 0.70 (prev. 0.65 Y/Y), EBIT 929mln (prev. 877mln Y/Y), Revenue 3.42bln (prev. 3.25bln Y/Y). Raises interim dividend to USD 0.18/shr. (Newswires)

Intermediate Capital (ICP LN) – H1 (GBP): AUM 81bln (prev. 68.5bln Y/Y), fee-earning AUM 64bln (prev. 57bln), Annualised Net Investment Return 11% (prev. -2%), PBT 162mln (exp. 141mln), EPS 0.715, Dividend 0.258/shr. (Newswires)

Reckitt Benckiser (RKT LN) – Chair Sinclair to step down, Jeremy Darroch to succeed as of the May 2024 AGM. (Newswires)

SSE (SSE LN) – H1 (GBP): adj. Pretax Profit 565.2mln (prev. 559.4mln Y/Y), Revenue 4.79bln (prev. 5.63bln Y/Y). (Newswires)

Travis Perkins (TPK LN) - Refinancing completed with renewal of GBP 375mln revolving credit facility. (Newswires) 

Valneva (VLA FP) – EGM documentation includes planned changes to the future board, expect to elect a new chairperson during the post-EGM meeting and propose additional complementary board members. (Newswires)

ASR Nederland (ASRNL NA) initiated with Buy at Goldman Sachs

Austrian Post (POST AV) reiterated with Underweight at Barclays

Informa (INF LN) reiterated with Overweight at Barclays 

Telefonica (TEF SM) reiterated with Equal Weight at Barclays

15 Nov 2023 - 07:05- EquitiesResearch Sheet- Source: Newsquawk