Additional European Equity News

Amundi (AMNU FP) - Amundi and Victory Capital announce plan to establish a strategic partnership, Amundi US to combine into Victory Capital. Amundi CEO "... it would also be a value-creating deal for our shareholders with significant prospects for both revenue growth and synergies.”. (GlobeNewswire

AstraZeneca (AZN LN) - Imfinzi plus chemotherapy double overall survival rate at three year s for patients with advanced billiary tract cancer in TOPAZ-1 Phase 3 trial. (Newswires) 

B&M European (BME LN) – FY23 (GBP): Revenue 5.5bln (exp. 5.4bln). FY24 adj. EBITDA expected to be at 629mln, top end of guidance range 620-630mln. (Newswires)

Beiersdorf (BEI GY) - Q1 (EUR): Revenue 2.6bln (prev. 2.48bln Y/Y). Raises FY24 Organic Revenue 6-8%. (Newswires) Shares +1.3% in pre-market

DS Smith (SMDS LN) – Recommended all-share combination. Reached agreement of a recommended all share combination of International Paper with DS Smith for approx. GBP 7.8bln equivalent to 415p/shr (prev. close 411.33p). Combination effective Q4'24. (Newswires)

Engie (Engie FP) - Acquries two new biomethane units in Netherlands. (Newswires) 

Hays (HAS LN) – Q3 Trading Update: Group Net Fees LFL -14% Y/Y, expects overall near-term conditions to remain challenging. (Newswires)

GSK (GSK LN) – FDA accepts GSK meningitis vaccine file; submission based on Phase 3 trial showing all primary endpoints met. (Newswires)

Naturgy (NTGY SM) - Abu Dhabi's ADNOC is in talks to take over the Co, according to Cinco Dias citing unidentified sources. (Cinco Dias) 

Plus500 (PLUS LN) - Q1 (USD): EBITDA 102.6mln (prev. 100.9mln Y/Y). Revenue 215.6mln (prev. 208mln Y/Y). Guides FY24 results ahead of market expectations. (Newswires) 

Robert Walters (RWA LN) - Q1 Trading Update: Net Fee Income 81.3mln, -16% Y/Y. (Newswires) 

Superdry (SDRY LN) – Confirms proposed restructuring and equity raise; plans to delist from LSE’s main market. (Newswires)

TotalEnergies (TTE FP) - Reports prelim Q1 hydrocarbon production above 2.45mln boepd (prev. 2.5mln Q/Q). (Newswires)  

Qinteq (QQ LN) – Q4 Trading Update: On track to deliver FY24 expectations. (Newswires) 

Vodafone (VOD LN) – Markia Auramo appointed as CEO of Vodafone business. (Newswires)

Wise (WISE LN) - Q4 Trading Update: Revenue 277.2mln, +24.% Y/Y. (Newswires) 

Wood Group (WD/ LN) - Co. is reportedly facing calls to set itself up for sale from a shareholder, according to Sky News Sources. "Sparta Capital Management has written to Wood chairman Roy Franklin to urge him to explore a US listing or a sale of the company after seeing its shares slump by more than a third during the last 12 months." (Sky News)

Ahold Delhaize (AD NA) resumed with Market Perform at Bernstein

Experian (EXPN LN) initiated with Buy at Redburn

Barry Callebaut (BARN SW) upgraded to Neutral from Sell at UBS

16 Apr 2024 - 07:35- EquitiesResearch Sheet- Source: Newsquawk