Additional European Equity News

Croda (CRDA LN) - Q3 (GBP): Revenue 424.7mln (prev. 406.6mln Y/Y). Says "We are implementing the actions required to realise GBP 25mln of cost savings this year". Notes that "Continued growth in a more challenging environment led by Beauty Actives, Fragrances and Flavours (F&F) and Crop Protection". Outlook confirmed. (Croda) 

Equinor (EQNR NO) - Co. says production has started at its Bacalhau field (220k BPD). (Equinor) 

Kinnevik (KINVB SS) - Q3 (SEK): Net asset value 37.5bln (prev. 37.8bln Q/Q), private portfolio +3%, NAV growth of 2% despite facing continued currency headwinds and weaker peer multiples. (Kinnevik)

Mobile Networks - EE, O2, Vodafone (VOD LN) have committed to pay a combined GBP39mln to secure more airwaves. (Newswires)

Pernod Ricard (RI FP) - CEO says co. not seeing any signs of improvement in China, with demand very weak. Adds that discretionary spend is under pressure in the US for the time being. (Newswires)

Travis Perkins (TPK LN) - Total Revenue Growth 0.3%. LFL Sales +1.8% Y/Y. Says "The Group continues to make good progress on enhancing cash generation which is further strengthening the Group's balance sheet". (Travis Perkins)

Whitbread (WTB LN) - H1 (GBP): Revenue 1.541bln (exp. 1.535bln), Net income 217mln (exp. 239mln), on track to deliver a step-change in profitability and shareholder returns of GBP 2bln by FY30. (Whitbread)

AstraZeneca (AZN LN) downgraded to Sell from Hold at Deutsche Bank

Endesa (ELE SM) downgraded to Equal Weight from Overweight at Barclays 

Redeia (RED SM) downgraded to Underweight from Overweight at Barclays.

16 Oct 2025 - 07:00- EquitiesEU Research- Source: Newsquawk