Additional European Equity News

Air Liquide (AI FP) - Invests EUR 200mln in Japan to support leading semiconductor manufacturer in the production of next-gen AI chips (Air Liquide)

Alzheimer's Drugs - A Cochrane review of drug trials has found that Alzheimer's drugs targeting amyloid protein buildup do not meaningfully improve or slow cognitive decline in patients with mild symptoms, despite successfully removing amyloid from the brain. The findings raise questions about medicines developed by Eli Lilly (LLY) and Eisai (ESAIY), among others, Bloomberg reports. (Bloomberg)

Bavarian Nordic (BAVAB DC) - Co. announced that the Swiss Agency for Therapeutic Products, Swissmedic, has approved VIMKUNYA for active immunization for the prevention of disease caused by chikungunya virus in individuals aged 12 years and above. (Bavarian Nordic) 

easyJet (EZJ LN) - Trading Update (GBP): easyJet expects to report a headline loss before tax of between GBP 540-560mln for the first half of FY26. Demand across the first half remained positive, with the airline delivering a load factor of 90%, up two percentage points year on year. easyJet holidays saw continued strong demand, with customer numbers increasing by 22% in the first half. The underlying first‑half result was broadly in line with expectations, with revenue and costs in line, excluding approximately GBP 25mln of additional fuel costs in March due to the Middle East conflict. The conflict in the Middle East has introduced near-term uncertainty around fuel costs and customer demand. As expected, the booking curve has shortened in recent weeks, resulting in lower than normal forward visibility. CEO: “Despite these positives, our H1 financial performance worsened year on year, impacted by the conflict in the Middle East and the competitive environment in some markets. Following our busiest Easter holiday period ever, the operational ramp up into peak summer continues as planned". (easyJet) 

Entain (ENT LN) - Q1 2026 (GBP): Net revenue 696mln (prev. 657mln Y/Y), iGaming revenue 481mln (prev. 443mln Y/Y), Online Sports 203mln (prev. 194mln), Adj. EBITDA 25mln (prev. 22mln Y/Y). Affirms its 2026 outlook, expects 2026 Adj. EBITDA between 300-350mln and net revenue between 2.9-3.1bln. (Entain)

Gerresheimer (GXI GY) - Creditors agree to extend the due date for submitting the audited 2025 annual and consolidated financial statements (Newswires)

JD Sports (JD/ LN) - Co. has sold a 9.1% stake in Applied Nutrition for GBP 49mln. (JD Sports) 

London Metric (LMP LN) - Issues FY Trading Update: Net Rental Income 450mln (exp. 455.3mln). (London Metric)

Mitie Group (MTO LN) - FY26 Trading Update (GBP): Expects FY26 revenue to grow by around 11% to GBP 5.65bln (FY25 5.08bln), reflecting organic growth of around 6%. Expects FY26 operating profit before other items to be at least GBP 260mln (FY25 234mln). (Mitie Group) 

Rentokil Initial (RTO LN) - Q1 Trading Update (GBP): Revenue 1.68bln (prev. 1.56bln Y/Y), North America revenue 1.0bln (prev. 0.95bln). CEO: "While geopolitical events, as previously noted, continue to create some uncertainty, the progress we report today gives us confidence in delivering a full year performance in line with market expectations." (Rentokil)

Schroders (SDR LN) - Q1 Trading Update (GBP): AUM 599.4bln (prev. 605.7bln Q/Q), Total 814bn (prev. 823.7bln Q/Q). CEO: "As tensions escalated in the Middle East, client sentiment shifted to a more risk-off stance amid heightened geopolitical uncertainty. We continue to focus on supporting clients as they navigate these conditions." (Schroders)

Tesco (TSCO LN) - FY 2025 (GBP): Revenue 66.6bln (prev. 63.63bln Y/Y), Adj. EPS 29p (prev. 27.4p Y/Y), Dividend/shr 14.5p (prev. 13.7p Y/Y). Reflecting the increased uncertainty caused by the conflict in the Middle East, Co. provided a wider range of guidance than previously planned, now expecting to deliver adj. operating profit of between GBP 3.0-3.3bln for the FY 2026/27.

TotalEnergies (TTE FP) - Trading Update: European Refining Margin Marker USD 11.4/t (prev. USD 29.4/t Y/Y). Downstream results and cash flow are expected to increase supported by a refining utilisation rate above 90%. (TotalEnergies)

UK Labour Market - UK Business leaders told The Telegraph that the Chancellor's package of support announced yesterday did not go far enough and would come too late (2027) to prevent job losses (Telegraph)

UK Trade - UK eyeing its own version of the EU’s Anti-Coercion Instrument (ACI), could include restrictions on the import and export of goods and services, as well as on investment flows, according to POLITICO, citing UK Trade Department. (POLITICO)

UK Defence - Sources told The Spectator that Downing Street is gearing up to find more money for defence after May’s local elections, insiders said officials have ‘pencilled in’ 28 June to publish the Defence Investment Plan (DIP). (Spectator)

Antofagasta (ANTO LN) downgraded to Hold from Buy at Berenberg 

ASML (ASML NA) price target raised to EUR 1,570 (prev. EUR 1,450) at Goldman Sachs

Telia (TELIA SS) downgraded to Hold from Buy at Kepler Cheuvreux

Unite Group (UTG LN) upgraded to Buy from Hold at Kepler Cheuvreux

16 Apr 2026 - 07:40- EquitiesEU Research- Source: Newsquawk