Additional European Equity News

Antofagasta (ANTO LN) - Q4'24 Production Report: Copper Production 664k (prev. guided 640-670kt); expects a reduction in net cash costs in FY. (Newswires) 

Deliveroo (ROO LN) - FY24 Trading Update (GBP): Adj. EBITDA at top end of 110-130mln guided range; rev. 545mln (prev. 523mln Y/Y). (Newswires) 

Hays (HAS LN) - Appointment of Findlay to its Board. (Newswires) 

IG (IG/ LN) - To acquire 100% of FreeTrade for GBP 160mln. (Newswires)

Pearson (PSON LN) - FY24 Trading Update (GBP): Adj. Op. Profit 595-600mln, +10% Y/Y; Revenue +3% Y/Y. (Newswires) 

TotalEnergies (TTE FP) - Q4 Trading Update: European Refining Margin Market USD 25.9/t. Q4 gearing is exp. to below 10%. Q4 hydrocarbon production exp. to increase slightly, within prior guidance. (Newswires) 

Taylor Wimpey (TW/ LN) - Trading Statement: Aniticpates increased build costs pressure as a result of changed economic backdrop. Begin year with an increased order book compared to start of 2024. (Newswires) 

Wise (WISE LN) - Q3 Trading Update (GBP): Underlying Income 350mln (prev. 308mln Y/Y); Cross border volume 37.8bln, +24% Y/Y. (Newswires) 

Whitbread (WTB LN) - Q3 (GBP): Sales 763mln, -2% Y/Y. Five year plan is set to deliver an incremental profit of at least 300mln by FY30. (Newswires) 

Bankinter (BKT SM) initiated with Outperform at RBC 

Ferrovial (FER SM) upgraded to Overweight from Neutral at Morgan Stanley

Leonardo (LDO IM) upgraded to Overweight from Equal Weight at Morgan Stanley 

JD Sports (JD/ LN) downgraded to Neutral from Buy; PT 103p