Additional European Equity News

ABB (ABBN SW) – Co. notes the energy transition is driving profitable growth. Co’s motion business aims to grow 50% faster than the overall market. (Newswires)

Adler (ADJ GY) - Co. notes that Consus Real Estate, of with Adler has a stake of over 90%, will make impairments of investments and loads due to increased cost and significant reduction in the expected project development volume. (Newswires)

AstraZeneca (AZN LN) - AstraZeneca signs licence agreement with RQ Biotechnology for monoclonal antibodies against COVID-19. (AstraZeneca)

Britvic (BVIC LN) - H1 2022 (GBP) - Revenue 719.3mln (prev. 667.4mln Y/Y). Adj. EBIT 73.5mln (prev. 69.7mln). Co. announces a GBP 75mln share buyback. (Newswires) 

Carrefour (CA FP) - Flink SE, a European quick commerce company, announces the acquisition of Cajoo. Carrefour, early investor and exclusive retail partner of Cajoo, will become the exclusive partner for the French market for Flink and a direct shareholder in the company. (Carrefour)

ContourGlobal (GLO LN) - KKR is to buy the Co. for GBP 1.75bln and for GBP 2.636 (vs close GBP 1.934). (Newswires) 

Clariant (CLN SW) - Largest shareholder Saudi Basic Industries are to end the "governance agreement". As a result of the expiry of the agreement after the AGM 2022, Clariant and SABIC will no longer form a Group regarding the attribution of voting rights and regulatory requirements pursuant to article 120 of the Financial Market Infrastructure Act (FinMIA). (Clariant)

Engie (ENGI FP) - Q1 2022 (EUR): Revenue 25.6bln (prev. 13.8bln Y/Y). EBITDA 4.6bln (prev. 3.1bln). Co. raises its FY guidance and now sees 2022 group share net recurring income between 3.8-4.4bln (prev. 3.1-3.3bln). Engie is in talks with Gazprom on payments for Russian gas. (Newswires)

Evotec (EVT GY) - Co. and Sernova announce exclusive strategic partnership for iPSC-based beta cell replacement therapy to advance a 'functional cure' for diabetes. (Yahoo Finance)

Imperial Brands (IMB LN) - HY22 (GBP): Revenue 15.362bln (prev. 15.568bln Y/Y). Operating Profit 1.201bln (prev. 1.637bln). Co. has completed the transfer of Russian assets. Co. says results are in line and is on track to deliver FY guidance. Co. will make further investments during the course of the year. (Newswires)

Land Securities (LAND LN) - FY21 (GBP): Revenue 679mln (prev. 787mln). Pretax +875mln (prev. -1.39bln). Co. raises dividend by 37%. (Newswires) 

Nestle (NESN SW) - CO. is flying baby formula into the US from the Netherlands and Switzerland to ease shortage, according to Reuters citing a statement. (Newswires)  

Sanofi (SAN FP) - New data from fast-growing innovative Oncology pipeline and portfolio to be presented at 2022 ASCO Annual Meeting. Data to be shared across multiple tumor types, including multiple myeloma, lung cancer and breast cancer. (Sanofi)

Vodafone (VOD LN) - FY22 (EUR): Revenue 45.6bln (prev. 43.8bln). Adj. EBITDA (after lease) 15.2bln (prev. 14.4bln). Adj. EPS 0.07 (prev. 0.04). Co. is looking to strengthen market position in Europe. Near term priorities remain unchanged, (Newswires)

Thales (HO FP) - Co. has won a 10yr contract to deliver advanced tactical radios to the US army, with an overall volume of USD 6bln. according to Reuters. (Newswires) 

Acciona (ANA SM) downgraded to Sector Perform from Outperform at RBC

Erste Bank (EBS AV) reiterated with Overweight at JPMorgan Chase

Prosus (PRX NA) upgraded to Overweight from Neutral at JPMorgan Chase

Wienerberger (WIE AV) upgraded to Buy from Neutral at UBS

17 May 2022 - 07:41- EquitiesExclusive- Source: Newsquawk