Additional European Equity News

Assa Abloy (ASSAB SS) - Acquires Telealarm in Germany; to be accretive to EPS from start. (Newswires) 

Crypto - US Senate Democrats advanced efforts to revive stablecoin legislation after bipartisan negotiators agreed to new provisions, including stricter rules on money laundering, foreign issuers, and tech firms. Senator Alsobrooks said the revisions enhance consumer protections and ensure consistent regulation for both domestic and international issuers.

China Rare Earths - China has intensified its crackdown on rare earth metal smuggling, tightening export controls on these strategic materials, DigiTimes reports. The enforcement escalation is adding pressure to global supply chains for critical resources, affecting industries worldwide reliant on these materials.

JBS SA (JBSAY), Weight Loss Drugs - Brazilian meatpacker JBS said demand for meat is rising due to increased protein intake among users of GLP-1 weight-loss drugs. CEO noted stronger demand for chicken and beef amid tight supplies.(Newswires)

Land Securities (LAND LN) - FY (GBP): Revenue 842mln (prev. 824mln Y/Y), Pretax Profit 393mln. (Newswires) 

Richemont (CFR SW) - Richemont CEO says sees "active and positive" market for jewellery maisons. (Newswires) 

US Shipping Rates - Shipping rates from China to the US West Coast have surged about 8% this week as importers rush to move cargo during a three-month US-China trade-war truce, WSJ reports. Ocean carriers plan to raise rates by up to 50% within 10 days, pushing costs over USD 3,000 per 20-foot container from Shanghai to Los Angeles.

1&1 (1U1 GY) - United Internet (UTDI GY) to buy up to 16.25mln shares in 1&1. (Newswires) 

Renk (R3NK GY) upgraded to Overweight from Neutral at JP Morgan 

16 May 2025 - 07:10- ForexEU Research- Source: Newsquawk