Additional European Equity News

888 (888 LN) - Q4 Trading Update (GBP): Revenue 424mln (prev. 457mln Y/Y), Important strategic and operational progress in FY23 setting the foundations for medium term value creation plan. (Newswires) 

ADP (ADP FP) – December Traffic: 26.4mln passengers, +10%; Paris 7.9mln, +4.2%. (Newswires)

Antofagasta (ANTO LN) - Reports FY23 copper production at 661kt (vs guided 640-670kt). (Newswires)

Diploma (DPLM LN) - Q1 Trading Update: Organic Revenue +6%; affirms outlook. (Newswires) 

Iberdrola (IBE SM) – New con-investment framework with NBIM Iberian Reinfra for the joint development of a renewables portfolio in Iberia; will not have a material impact on FY24 results. (Newswires)

JD Sports (JD/ LN) - CEO Schultz purchased a total of 91.3k ordinary shares at an average price of GBP 1.084/shr. (Newswires)

Nokia (NOKIA FH) - Plans EUR 360mln investment in microelectronics and communications technology in Germany. (Newswires)  

Pearson (PSON LN) – 2023 trading update (GBP): Underlying sales growth +5% Y/Y. Strong performance driven by assessment & qualifications alongside English language learning. Cost efficiency programme successfully delivered GBP 120mln in savings in the FY. (Newswires)

Safestore (SAFE LN) - FY23 (GBP): Underlying EBITDA 142mln (prev. 135mln Y/Y), Revenue 224mln (prev. 213mln Y/Y). (Newswires) 

Spirax-Sirco (SPX LN) - Nimish Patel has commenced his role as group CEO. (Newswires) 

Telecom Italia (TIT IM) - TIM received approval from Italian government to execute NetCo transaction pursuant to Golden Power legislation. (Newswires) 

Norsk Hyrdo (NHY NO) - Announces share buyback programme. (Newswires) 

UBS (UBSG SW) - Growth will primarily come from China and the US, that is the strategy. (Newswires)

Wizz Air (WIZZ LN) - The CAA has now finalised its review of claims and is satisfied the airline is compliant. (Newswires) 

BE Semiconductor (BESI NA) initiated with Buy at Goldman Sachs 

Colonial (COL SM) downgraded to Underperform from Neutral at BNP Paribas

John Wood (WG/ LN) upgraded to Buy from Hold at Kepler 

IAG (IAG LN) downgraded to Neutral from Outperform at Davy Research 

Wizz Air (WIZZ LN) downgraded to Neutral from Outperform at Davy Research 

17 Jan 2024 - 07:20- EquitiesResearch Sheet- Source: Newsquawk