Additional European Equity News

Airbus (AIR FP) - Canadian Airbus A220 assembly workers will on Monday initiate pressure tactics which could result in production slowing. (Newswires) Separately, UAE wants to reportedly cancel its Airbus helicopter contract. (La Tribune)

Aviva (AV/ LN) – Co. completes exit of Singlife JV. (Newswires)

Boliden (BOL SS) - Raises FY24 (SEK) Investments 15.5bln (prev. 14bln). (Newswires) 

British American Tobacco (BATS LN) - CEO says the concept of moving from a London to New York listing is a “distraction”, adding he was “not sure the benefit would be as evident as some suggest”. FT adds, citing sources, that shareholder GQG exited its position in July 2023 following the Co’s refusal to switch to the US; Elsewhere, Co. commences share buyback. (FT/Newswires)

British Land (BLND LN) – JV with Royal London Asset Management, 50/50 venture to accelerate the delivery of 1 Triton Square. Agreement values the site at GBP 385mln. (Newswires)

Curry’s (CURY LN) – Board confirms no proposal has been received from JD.com ( HK). FY (GBP): PBT projected to be >115mln (exp. 113mln, prev. guided 105-115mln). Expected to conclude the year in a net cash position. (Newswires)

Haleon (HLN LN) – Proposed secondary global offering by Pfizer (PFE) in Haleon and proposed share buyback. Pfizer intends to sell approx. 630mln shares in Haleon. (Newswires)

Kering (KER FP) - Co. has denied reports that it is interested in purchasing a stake in Selfridges, according to Bloomberg Law citing an email. (Bloomberg Law) Earlier it was reported that Kering and Saudi Arabia’s PIF are said to be eyeing a GBP 2bln stake in Selfridges, according to the Telegraph.

MediaForEurope (MFE IM) - CEO says they see advertising revenue increasing by 5% in Q1 Y/Y. (Newswires)

Moncler (MONC IM) - CEO says they have no plans to list from the Italian stock exchange, adding that the year has started well. (Corriere della Sera)

Storebrand (STB NO) - Provides clarification on outstanding tax case. (Newswires) 

Sainsbury’s (SBRY LN) - Co. has to cancel the majority of online deliveries on 16th March due to an overnight software update resulting in a technical issue, an issue which has since been resolved. Additionally, the Co. and Tesco (TSCO LN) report technical issues which meant they could not accept card payments for a few hours, issue has since been resolved. (BBC)

STMicroelectronic (STM FP) - Italian government says it is against a new 3yr mandate for the CEO, via La Repubblica. (Newswires)

Telecom Italia (TIT IM) - CEO has cautioned that they could need to raise billions in the scenario the sale if its network to KKR fails, via Reuters citing sources. Elsewhere, Qube has increased its net short. Separately, CEO said the firm could obtain as much as EUR 3bln in earn-outs in the coming years, via Corriere della Sera). (Newswires)

Vodafone (VOD LN) – CFO Luka Mucic purchased around 2.5mln ordinary shares at GBP 0.6964 each (vs Friday’s 0.6985 close), according to Reuters. (Newswires)

Aalberts (AALB NA) upgraded to Buy from Add at Degroof Petercam 

Reckitt (RKT LN) upgraded to Outperform from Neutral at BNP Paribas 

Italgas (IG IM) upgraded to Neutral from Underperform at Santander

18 Mar 2024 - 07:54- Research Sheet- Source: Newsquawk