Additional European Equity News

ADP (ADP FP) - Group Passenger Traffic (Jun), +1.7% Y/Y. (Newswires)

Assa Abloy (ASSAB SS) - Q2 (SEK): Sales 38.01bln (exp. 37.51bln), EBIT 6.15bln (exp. 5.85bln). We are seeing strong demand for upgrades to electromechanical and digital solutions. (Newswires)  

easyJet (EZJ LN) - Q3 (GBP): Headline Pretax 286mln, +21% Y/Y, Passengers 25.88mln (exp. 25.63mln). Sees positive outlook for FY25. Expects FY25 ASK growth of around 9% Y/Y, with less pronounced growth in H2 vs H1. FY25 seat capacity growth exp. to be around 3% Y/Y to around 103mln seats (prev. saw 103.47mln). For Q1'26: On sale seat capacity is up 5%, with 19% of program currently sold, +1% Y/Y. (Newswires) 

GSK (GSK LN) - GSK's Shingrix fully liquid FDA approval. (Newswires) 

Future (FUTR LN) - Trading Update: Trading in line with expectations and on track to achieve market expectations for FY25. (Newswires) 

Frasers (FRAS LN) - FY (GBP): Revenue 4.75bln (exp. 5.29bln). For FY26, are seeing positive momentum across the group. (Newswires) 

SSE (SSE LN) - Q1 Trading Update: Notes that in the quarter, strong networks op. performance with renewables output impacted by unfavourable weather conditions. Reiterated 2025 guidance. (Newswires)

Ocado (OCDO LN) - H1 (GBP): Revenue 674mln, +13.2% Y/Y. Guidance for 2025 unchanged. Core priority to turn cash flow positive during FY25; expects to be FY cash flow positive in FY27. (Newswires) 

Wise (WISE LN) - Q1 Trading Update: Underlying Income 362mln, +11% Y/Y. (Newswires)  

UniCredit (UCG IM)  / Banco BPM (BAMI IM) - UniCredit to hold an extraordinary meeting to decide how to press forward with its bid for Banco BPM, according to Reuters citing sources. (Reuters)