Additional European Equity News

Antofagasta (ANTO LN) - Q1 Production Report: 20% increase in copper production, maintaining FY production guidance for copper of 660-700k/t, gold production at 42900/oz (+29% Y/Y), FY Capex guidance unchanged at USD 3.9bln; Zaldivar has rights to mine ore and extract water until May 2025, extension is subject to impact assessment. (Newswires)

Barratt Redrow (BTRW LN) - Trading Update: Well positioned for sustainable growth. On track to deliver 16.8-17.2k homes for FY. Year-end net cash is exp. to be in-lien with prev. guidance. (Newswires) 

Bunzl (BNZL LN) - Q1 Trading Update: Q1 Profit below exp. and reduces 2025 guidance. Seen some rev. softness in its North American business. Pauses buyback programme for remainder of the year. Expects 2025 op. margin moderately below 8%. (Newswires) 

Chemical Names - The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.

Heineken (HEI NA) - Q1 (EUR): Revenue 7.78bln, -4.9% Y/Y. Outlook for FY unchanged. Consolidated Beer Volume -2.1% (exp. -2.9%), Organic Revenue +0.9% (exp. -0.1%). Anticipates ongoing macro volatility that may impact our consumers, including weak sentiment and inflationary pressures. (Newswires) 

Hays (HAS LN) - Trading Update: Q3 Group Net Fees -9% ; Temp & Contracting -6% and -14% respectively. Expects near term market conditions to remain challenging. Expects FY25 op. profit to be in line with exp. (Newswires) 

Playtech (PTEC LN) - Appoints John Gleasure as Non-Executive Director and Chairman Elect; to assume Chair role in May 2025 (Newswires)

WH Smith (SMWH LN) - H1 (GBP): Revenue 951mln (exp. 968mln). Trading in line with market exp. (Newswires) 

16 Apr 2025 - 07:09- EquitiesEU Research- Source: Newsquawk