Additional European Equity News
AstraZeneca (AZN LN) - Imfinzi plus chemotherapy approved in the US for mismatch repair deficient advanced or recurrent endometrial cancer. (AstraZeneca)
Battery/Tech Names - TDK (6762 JT) has reported a breakthrough in small solid-state batteries which has led them to predict significant performance increases for various devices. (FT) TDK is an Apple (AAPL) supplier.
Crest Nicholson (CRST LN) - Investors push the Co. to agree Bellway deal after rejecting a GBP 667mln offer, via The Times. (The Times)
Deutsche Bank (DBK GY) - Co. has aggressively expanded parts of its investment bank over the past 18-month, aiming to cut its reliance on bond trading, according to the FT. (FT)
Copper Names - Freeport (FCX) CEO said consolidation of the copper mining industry into a handful of big groups has the potential to lift output of the supply-constrained metal vital for the clean energy transition, via the FT. (FT)
DNB Bank (DNB NO) - Co. will buy back up to 1% of the Co's own shares. (Newswires)
Energy - UK Labour Party's North Sea tax pledge will kill investment, according to the FT citing industry execs. Operators say they will not be able to make money if allowances are scrapped, with several projects already on hold. (FT)
Hikma (HIK LN) - Acquires Xellia's assets. Hikma will pay a cash consideration of USD 135mln; 2024 guidance remains unchanged. (Newswires)
Hargreaves Lansdown (HL/ LN) - Co. co-founder says price is "not main consideration" for selling the business and would like to know what any new owner would like to do with the Co., via the FT. (FT)
Kingfisher (KGF LN) - Announces CFO succession; CFO Bernad Bot to retire and appoints Mistry as new CFO. Mistry is to step down as CFO from British Land (BLND LN). (Newswires)
Stellantis (STLAM IM/STLAP FP) - China's Leapmotor said that the first model in its JV is on track for mass production in Sept. (Newswires)
Topdanmark (TOP DC) - Sampo (SAMPO FH) has made an offer to acquire the remaining ~52% of the Co. it does not already own at a 27% premium, valuing it at USD 4.7bln. Topdanmark has agreed to the acquisition, which was described as "best and final". (Newswires)
SBB (SBBB SS) - Initiates a buyback programme for ordinary shares of class D; a max 50mln shares may be repurchased. (Newswires)
Wood (WG/ LN) - Secures consulting and engineering contract with Papua New Guinea with world's largest Gold mining farm. (Newswires)
UBS (UBSG SW) - Books USD 0.9bln provision on consolidated basis in Q2 to redeem Credit Suisse's chain funds. (Newswires)
17 Jun 2024 - 07:10- MetalsResearch Sheet- Source: Newsquawk
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