Additional European Equity News
Antofagasta (ANTO LN) - Worker at the Centinela mine approve the contract offer. (Newswires)
Banco BPM (BAMI IM) - Acquires 65% stakes in Vera Vita and Vera Financial from Generali (G) for EUR 392.4mln. (Newswires)
Campari (CPR IM) - Agreed to purchase Courvoisier from Beam Suntory for USD 1.2bln. net debt/EBITDA adj. expected to increase to 4x from 2.6x on the deal closing. Acquisition expected to boost group sales by 9%. Acquisition does not impair ability/appetite to do other deals. (Newswires)
H&M (HMB SS) – FY24 (SEK): Sales 236.01bln (exp. 236.87bln), +6% Y/Y. Q4 Net sales in local currency -4% (exp. -3.11%); 62.6bln (exp. 63.2bn). (Newswires)
Heathrow – Expects 79.1mln passengers in 2023, +28% Y/Y; 2024 81.4mln, +2.9% Y/Y. (Newswires)
Munich Re (MUV2 GY) – 2024 targets (EUR): Profit 5bln (exp. 4.9bln), Insurance Revenue 59bln, return on investment >2.8%. To present FY23 results on 27th February. (Newswires)
Saint Gobain (SGO FP) – Agreement to become a majority stake holder in Imptek Chova del Ecuador. (Newswires)
UK Ofgem - Consulting on plans to protect he energy market and consumers from the growing risk of "bad debt"; adjustment to price cap will ensure suppliers have resources to support customer struggling with debt. (Newswires)
Avanza (AZA SS) downgraded to Sell from Neutral at UBS
Banco BPM (BAMI IM) downgraded to Hold from Buy at Jefferies
Centrica (CNA LN) downgraded to Hold from Buy at SocGen
EQT (EQT SS) upgraded to Neutral from Underweight at JPMorgan
LPP (LPP PO) upgraded to Overweight from Neutral
Norsk Hydro (NHY NO) downgraded to Neutral from Buy at Citi
Nordnet (SAVE SW) downgraded to Neutral from Buy at UBS
Soitec (SOI FP) downgraded to Neutral from Buy at Citi
STMicroelectronics (STM FP) upgraded to Buy from Neutral at UBS
15 Dec 2023 - 07:20- EquitiesResearch Sheet- Source: Newsquawk
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