Additional European Equity News

ASML (ASML NA) - CEO says the Dutch-China tension has not hit the company. (Newswires) 

Amundi (AMUN FP) / Societe Generale (GLE FP) - Co.'s have agreed on a new five-year partnership, with Amundi continuing to be the primary provider of saving and  investment solutions for the bank’s retail banking and insurance networks. (Amundi)    

Clariant (CLN SW) - Co. has warned that more production is leaving Europe and shifting towards China due to higher energy and labour costs. (FT)

DCC (DCC LN) - Co. proposed a GBP 600mln tender offer for 12mln shares. (DCC)  

Diageo (DGE LN) - Shareholders are urging the co. to keep CFO Nik Jhangiani. (The Times)

Renault (RNO FP) - Co. has appointed Josep Maria Recasen as Chief Strategy Officer. Recasen will remain as CEO of Ampere until transformation work is finalised. (Renault)

Skanska (SKAB SS) - Co. has invested about SEK 450mln in a residential project near Stockholm. (Skanska)  

Societe Generale (GLE FP) - Co. has announced an additional share buyback programme of EUR 1bln, to start on November 19th. (Societe Generale)  

TotalEnergies (TTE FP) - Co. to form a JV with EPH to operate and develop flexible power generation assets in certain European countries, with an enterprise value of EUR 10.6bln. EPH is to take a 4.1% stake in Total in exchange for a 50% JV stake. Following this, Total cuts its capex guidance by USD 1bln/year across 2026-2030. (Newswires)

UK Food & Beverage Tax - UK Chancellor Reeves is reportedly to announce a tax on milkshakes by ending the sugar tax exemption on dairy, via The Telegraph citing sources. (The Telegraph)

Azimut (AZM IM) downgraded to Hold from Buy at Deutsche Bank

Buzzi (BZU IM) downgraded to Equal-Weight from Overweight at Barclays