Additional European Equity News

Ashtead (AHT LN) - Q4 (USD): EPS 0.793 (exp. 0.82), Revenue 2.62bln (exp. 2.66bln), EBITDA 1.14bln (exp. 1.16bln). (Newswires) 

AstraZeneca (AZN LN) - Update on the CAPItello-290 Phase III trial for Truqap plus chemotherapy in advanced or metastatic triple-negative breast cancer. The safety profile of Truqap in combination with paclitaxel in CAPItello-290 was broadly consistent with the known safety profile of each medicine with no new safety concerns identified. Data will be shared in due course. (AstraZeneca) 

ACS (ACS SM) - Co. partners with Pacific Partnerships to develop Cobbora Solar Farm in Australia. (Newswires) 

Carrefour (CA FP) - French government has requested the Co. pay a record EUR 200mln fine for poor management of its franchises and has requested several clause modifications (La Lettre)

Frasers (FRAS LN) - Share buyback programme. Aggregate purchase price of all ordinary shares will be no greater than GBP 80mln. (Newswires) 

German Industrial Firms - IG Metall union has called for a 7% pay rise for workers it represents in the electrical and metal industries. (Newswires)

Hexagon (HEXAB SS) - Acquires Voyansi; in 2023 Voyansi generated rev. of around EUR 14mln. (Newswires) 

ING (INGA NA) - Co. completes 36.7% of share buyback. (Newswires) 

Shell (SHEL LN) - Agrees to acquire Pavilion Energy. Acquisition will be absorbed within Shell's capital expenditure guidance, which remains unchanged. (Newswires) 

Symrise (SYM1 GY) - JP Morgan adds Co. to its Positive Catalyst watchlist. Shares +1.4% in pre-market trade.

TSMC (2330 TW) - FT opinion article outlines the bullish case for the Co., remarking that while shares have risen strongly they still lag Nvidia (NVDA) and peers. (FT)

Whitbread (WTB LN) - Q1 Trading Update (GBP): Total Sales 739mln, +1% Y/Y, driven by improved UK trading and continued progress in Germany. 150mln share buyback; on track with 3.2mln shares repurchase so far for a total of GBP 96mln. Confident in FY outlook. (Newswires) 

Vivendi (VIV FP) - Advertising agency Havas has prepared a EUR 400mln investment in AI ahead of its IPO and split from parent Co. Vivendi, according to the FT. (FT)

18 Jun 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk