Additional European Equity News
British American Tobacco (BATS LN) - Kingsley Wheaton will be appointed into newly created role of Chief of Corporate officer. (Newswires)
BMW (BMW GY) - Denies claims over mass dismissals at SA plant in response to fraud investigation. (Newswires)
Bayer (BAYN GY) - Co. and others defeat US farmers chemical price-fixing lawsuit. (Newswires)
Encavis (ECV GY) - Co. and innocar solar sign framework agreement for the development of 500MW of solar projects in Germany. (Newswires)
GSK (GSK LN)- Blenrep (belantamab mafodotin) combinations in relapsed/refractory multiple myeloma accepted for regulatory review in Japan (GSK)
Ipsos (IPS FP) - Welcomes decision of LAC1 fund to become a major long-term shareholder in the Co. (Newswires)
Flutter (FLTR LN) - Co. agrees to buy Snaitech for EV of GBP 2.3bln (Newswires)
Kingfisher (KGF LN) - H1 (GBP): Revenue 6.75bln (exp. 6.8bln), Pretax profit 324mln (exp. 199mln). Fully on track to achieve 120mln of cost reduction for FY. FY 24/25 adj. PBT range tightened to 510-550mln (prev. guided 490-550mln). Demand for "big ticket" categories remained weak, seasonal category sales trends have improved since early July. (Newswires)
Iberdola (IBE SM) - Seeks partners to get into data centres business, via Expansion. (Expansion)
THG (THG LN) - ESCC Transfer & Ingenuity demerger update; board concludes the transfer in best interest of shareholders. Post-demerger THG to consist of beauty and nutrition business. Improving momentum in nutrition, expected exit Q3 in revenue growth. H1 (GBP): Adj. EBITDA 48.8mln (prev. 47.1mln Y/Y), Total Revenue 934mln (prev. 969.3mln Y/Y). (Newswires)
UMG (UMG NA) - Provides new targets for FY28: Revenue CAGR +7%; adj. EBITDA CAGR +10%; Subscription revenue growth 8-10%. (Newswires)
Barry Callebaut (BARN SW) upgraded to Overweight from Underweight at Barclays
Chocoladefabriken Lindt & Spruengli (LISN SW) upgraded to Overweight from Equal Weight at Barclays
17 Sep 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk
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