Additional European Equity News

Aeroports de Paris (ADP FP) - February passengers 26.7mln, +0.6% Y/Y. Notes that the month of Ramadan has a negative impact on passenger traffic compared to 2025, when Ramadan occurred in March. Expects traffic from March onwards to be affected by changes to flight schedules due to instability in the Middle East. (ADP)

Alcon (ALC SW) - Co. has agreed with LENSAR to terminate their merger pact due to the delay and associated costs of this extended regulatory review. (Business Wire)

Close Brothers (CBG LN) - H1 2026 (GBP): Adj. Operating Profit 65.2mln (prev. 80.5mln Y/Y), RoTE 6.3% (prev. 8.7% Y/Y), raises cost saving target to around GBP 25mln (prev. guided around GBP 20mln) and cutting jobs by around 600 by the end of 2027. (Close Brothers)

IAG (IAG LN) - British Airways sees 9% growth in winter long-haul flights, with Melbourne in Australia and Colombo in Sri Lanka added as new destinations. (British Airways)

Travis Perkins (TPK LN) - FY2025 (GBP): Revenue 4.57bln (prev. 4.61bln Y/Y), Adj. Operating Profit 133mln (prev. 152mln Y/Y), the Board is recommending a FY dividend of 12p/shr (prev. 14.5p/shr). The trading environment since the start of the year has remained subdued, reflecting a continuation of the weak UK construction activity figures. (Travis Perkins)

Volkswagen (VOW3 GY) - Co. files to recall around 48k US vehicles, NHTSA reports. (NHTSA)

Senior (SNR LN) downgraded to Hold from Buy at Peel Hunt