Additional European Equity News

Asos (ASC LN) – H1 (GBP): Pretax -120mln (prev. -87.4mln Y/Y), Adj. EBITDA -16.3mln (prev. 4.6mln Y/Y), Revenue 1.5bln (prev. 1.84bln Y/Y). Appoints Dave Murray as CFO. Looking to sell Mothballing site; should no offer be received, will be charged 114.7mln on balance sheet. (Newswires)

Axfood (AXFO SS) - Simone Margulies appointed new president and CEO of Co. (Newswires) 

Anglo American (AAL LN) – Value of rough diamond sales value for De Beers third sales cycle of 2024. (Newswires)

Antofagasta (ANTO LN) - Says copper production in Q1 2024 was 11% lower than Q1 2023, Gold production was 21% lower than Q1 2023; Net cash costs in Q1 2024 were 25% higher than Q1 2023; FY guidance unchanged. (Antofagasta)

Deutsche Bank (DBK GY) - No agreement on PostBank wage talks with Verdi Union, according to Reuters sources. (Newswires) 

Entain (ENT LN) – Q1 Trading Update: Net Gaming Revenue +6% Y/Y. (Newswires)

Ferrovial (FER SM) - Filed documentation to the SEC to list in the US, via Cinco Dias. (Cinco Dias)

GSK (GSK LN) - New long-term data show Shingrix continues to provide high protection against shingles in adults aged 50 and over for more than a decade. (GSK)

Roche (ROG SW) - Roche’s subcutaneous OCREVUS one-year data demonstrates near-complete suppression of clinical relapses and brain lesions in patients with progressive and relapsing forms of MS. (Roche)

Telefonica (TEF SM) - Co. and Liberty Global has made a deal with Starlink to offer mobile phone services in rural areas of the British Isles, via Cinco Dias. (Cinco Dias)

Miners - Iron ore prices continued to rise in APAC trade with Singapore May iron ore futures +4.4% at USD 114.15/t. (Reuters)

Vinci (DG FP) - To acquire the majority shareholding in Edinburgh Airport; transaction to be completed summer 2024. (Newswires) 

Wienerberger (WIE AV) - Is investing in facility in Hungary. (Newswires) 

Endesa (ELE SM) upgraded to Neutral from Underperform at BNP Paribas 

Enel (ENEL IM) downgraded to Neutral from Outperform at BNP Paribas

Boliden (BOL SS) upgraded to Neutral from Underweight at JP Morgan 

Gerresheimer (GXI GY) resumed with Buy at Stifel Nicolaus

Pennon (PNN LN) upgraded to Outperform at RBC  

17 Apr 2024 - 07:08- MetalsResearch Sheet- Source: Newsquawk