Additional European Equity News

Antofagasta PLC (ANTO LN) - Antofagasta reported a +15% Q/Q increase in copper production in Q3, reaching 179k tonnes. The company maintained FY guidance for production and cash costs. Ahead, Antofagasta expects its operations to produce between 660-700k tonnes of copper in 2025. (Newswires)

EDP (EDP PL) - ERSE announced its proposal for electricity tariffs in 2025. Increase of 2.1% in end users' regulated electricity tariffs for 2025 in normal low voltage segment compared to 2024 avg. (Newswires) 

GSK (GSK LN) - FDA accepts new drug application for Depotdacin.  (Newswires) 

Holcim (HOLN SW) - Co. is considering a dual US and Swiss listing of its North American unit, according to Bloomberg. (Bloomberg)

Norsk Hydro (NHY NO) - Has signed a long-term power purchase agreement with Skelleftea Kraft for accumulated delivery of 2TWH. (Newswires) 

Sanofi (SAN FP) - France is considering a stake in Sanofi's Opella. (Newswires) 

Santander (SAN SM) - To carry out optional early redemption of all outstanding contingent redeemable perpetual bonds for minimal value of EUR 981mln. (Newswires) 

Stellantis (STLAM IM/STLAP FP) - Consolidated shipments for 3 months ending Sept 30 were an estimated 1,148 units, -20% Y/Y. (Newswires) 

Tecan (TECN SW) - Trading update: Projects 12-14% decline in sales for FY24. Positive mid-term outlook ahead. (Newswires) 

Whitbread (WTB LN) - Revenue 1.57bln (exp. 1.57bln), Adj. pretax profit 340mln (exp. 352mln). Increased interim dividend to 36.4p, and GBP 100mln share buyback. (Newswires)

16 Oct 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk