Additional European Equity News

Antofagasta (ANTO LN) - FY25 (USD) Revenue 8.62bln (exp. 8.5bln), EBITDA 5.20bln (prev. 3.42bln Y/Y), Dividend/shr 64.6c (prev. 31.4c Y/Y). "We are pleased to announce a final dividend recommended for 2025 of 48 cents per share, which, if approved, would equate to a full year pay-out ratio of 50%". Copper: "Copper's fundamental value continues to be demonstrated through sustained demand growth, driven by the global structural trends of energy security and electrification, which saw copper achieve record prices in 2025. As a pure-play copper producer with a portfolio of operations and extensive growth options in established jurisdictions, we are uniquely well-positioned to continue generating long-term stakeholder value and delivering on our purpose - developing mining for a better future." 2026: "The Group's copper production guidance for 2026 remains unchanged at 650,000-700,000 tonnes. Cash costs before by-product credits and net cash costs are expected to be between $2.30/lb and $2.50/lb and between $1.15/lb and $1.35/lb, respectively". "In 2026, consolidated Group capital expenditure, which excludes Zaldívar, is expected to be $3.4 billion". (Antofagasta) 

Boohoo (DEBS LN) - Co. confirms its plan for an equity fundraising of approximately GBP 35mln to improve its capital structure and reduce net debt. Co. also remains confident in achieving GBP 50mln Adjusted EBITDA in FY26 and double-digit Adjusted EBITDA growth in FY27, with significant cost reductions and a move towards an asset-lite model driven by the Debenhams brand. (Debenhams) 

GSK (GSK LN) - Co’s Exdensur (depemokimab) approved by the European Commission for severe asthma with type 2 inflammation and chronic rhinosinusitis with nasal polyps. (GSK)

InterContinental Hotels (IHG LN) - FY 2025 (USD): Revenue 5.2bln (prev. 4.92bln Y/Y), Operating profit 1.2bln (prev. 1.0bln Y/Y), Basic EPS 4.8 (prev. 3.9 Y/Y); announces a USD 900mln share buyback. (InterContinental Hotels)

Kerry Group (KYGA LN) - FY 2025 (EUR): Revenue 6.8bln (prev. 6.9bln Y/Y), EBITDA 1.2bln (prev. 1.2bln Y/Y), Basic EPS 4.0 (prev. 4.2 Y/Y); announces a USD 300mln share buyback. (Kerry Group)

Rank Group (RNK LN) - Co. names Cliff Baty as interim CFO, effective from the 23rd February. (Rank Group)

Zegona Communications (ZEG LN) / AXA (CS FP) - The EU Commission confirmed that the acquisition by AXA of a 40% stake in FiberPass announced on 24th November 2025, is not subject to notification requirements under the merger regulation and can proceed to completion. Completion is expected to take place before the end of March 2026. (Zegona Communications) 

BASF (BAS GY) upgraded to Hold from Sell at Berenberg

Credit Agricole (ACA FP) downgraded to Hold from Buy at Deutsche Bank

L’Oreal (OR FP) upgraded to Buy from Hold at HSBC

17 Feb 2026 - 07:11- MetalsEU Research- Source: Newsqauwk