Additional European Equity News

AstraZeneca (AZN LN) - Showcases scientific advances across rare and malignant haematological conditions at EHA 2023. Pivotal ALPHA Phase III trial results will show benefit of danicopan, Alexion's first-in-class Factor D inhibitor, in improving clinically significant extravascular haemolysis; Calquence data will reinforce role as a preferred treatment option for chronic lymphocytic leukaemia and mantle cell lymphoma; Interim clinical data will show promise of AZD0486. (AstraZeneca)

Barclays (BARC LN) - Reportedly at least seven of the Co's bankers within the US have left to join UBS (UBSG SW), via Reuters citing sources. (Newswires)

Bayer (BAYN GY) - Receives FDA Fast Track designation for Asundexian Atrial Fibrillation study. (Bayer)

BooHoo (BOO LN) – FY (GBP): Revenue 1.77bln, -11%; adj. EBITDA 63mln, -49%. (Newswires)

Bouygues (EN FP) - Q1 (EUR): Net -134mln (exp. -131mln), Sales 12bln (exp. 11.2bln), Operating 9mln (exp. -2mln). (Newswires)

Britvic (BVIC LN) – H1 (GBP): Revenue 794mln (prev. 719mln), Net 54mln (prev. 45mln), adj. EBIT 85mln (prev. 74mln). (Newswires)

Enel (ENEL IM) - Italy's AGCM has cleared two of the Co's units following an investigation around allegations they asked some clients to pay energy bills that had lapsed. (Newswires)

Flughafen Wien (VIEV AV) - Q1 (EUR): Net 25mln, EBITDA 67mln. 6.7mln passengers, only 9.3% below pre-crisis levels. (Newswires)

Faurecia (EO FP)/ Michelin (ML FP)/ Stellantis (STLAM IM/ STLAP FP) - Cos are to acquire equal stakes in in Symbio - a leader in zero-emission hydrogen mobility, according to reports. (Newswires) 

Greggs (GRGS LN) – Trading Update: Expectations for FY outcome unchanged, no change in cost inflation expectations. Total sales for 19-weeks to May 13th GBP 609mln (prev. 495mln). (Newswires)

HSBC (HSBA LN) - CEO Quinn has doubled down on the APAC pivot. (Times)

Imperial Brands (IMB LN) – H1 (GBP) Revenue 15.4bln (prev. 15.36bln), dividend 0.432/shr. Remain on track for five-year plan. Volumes affected by COVID unwind and Russian exit last year, profitability impacted by higher NGP investment. (Newswires)

Land Securitas (LAND LN) – FY (GBP): Loss before tax 622mln, total dividend 0.386/shr, +4.3%. Expect global economic/financial uncertainty to remain elevated in the near future. (Newswires)

Philips (PHIA NA) - Update on completed set of test results for CPAP/BiPAP sleep therapy devices. Guidance for healthcare providers/patients remains unchanged. FDA is still considering the data. (Phillips)

Vodafone (VOD LN) - Q4 2022 (EUR): Organic Services Revenue +1.9% (exp. +1.7%). Group Revenue 45.7bln (+0.3% Y/Y), EBITDAaL 14.7bln (-1.3%);to reduce 11k roles over three years in its new action plan. On the Hutchison UK deal, Co. says there can be no certainty that any transaction will ultimately be agreed.  (Newswires) Co. holds a 1.2% weighting in the FTSE 100.

Volkswagen (VOW3 GY) – Russian gov’t commission has given its approval to the sale of Co’s Kaluga plant to Avilon. (Tass)

Forvia (EO FP) initiated with Buy at Goldman Sachs

16 May 2023 - 07:10- Research Sheet- Source: Newsquawk