Additional European Equity News

A2A (A2 IM) - Chairman Patuano reportedly could resign on July 28th alongside H1 results. (Il Sole)

ADP (ADP FP) - June: Traffic 30.9mln passengers, +17% YY. (Newswires)

AstraZeneca (AZN LN)/Sanofi (SAN FP) - FDA approves Beyfortus™ (nirsevimab-alip) to protect infants against RSV disease. (Sanofi)

Banking Names - UK FCA and ICO are reportedly planning to send a letter to UK Finance, via FT citing sources; letter is expected to inform lenders that savings rates can be better communicated with banks still meeting GDPR. (FT)

BooHoo (BOO LN) - Co. has withdrawn its requisition of a GM for Revolution Beauty (REVB LN) after board room alterations. (Newswires)

Darktrace (DARK LN) - Prelim. FY (USD): Revenue 544mln (exp. 543mln). Prelim. results deliver vs exp. for Q4 and FY. Guidance: FY Revenue growth 22-23.5%. EY review did not find issues in processes that were not already known, will not have to restate any financial releases. (Newswires)

Energy Names - UK Energy Secretary Shapps has seemingly rowed back on plans for a law to mandate supermarkets to make fuel pricing transparent, instead has seemingly endorsed a voluntary scheme. (Guardian)

FTSE 100 - UK PM Sunak will meet with CEOs of FTSE 100 Cos as part of a discussion on how to attract more investment into the UK. (Guardian)

Getinge (GETIB SS) - Q2 (SEK): adj. EBITA 495mln (exp. 427mln), adj. EPS 1.09 (exp. 0.96). Guidance: Net Sales seen +2/5%, outlook unchanged. (Newswires)

Kingspan (KSP LN) - Entered into an agreement with Schramek to acquire around 51% of the shares of Steico, initial consideration of circa. 251mln. (Newswires)

Ocado (OCDO LN) - H1 (GBP): Revenue 1.37bln (prev. 1.26bln), EBITDA 16mln (prev. -13mln), PBT -289mln (prev. -211mln). Cost reductions across the Group: operational efficiencies and lower support costs. FY23 guidance unchanged. (Newswires)

Rio Tinto (RIO LN) - CEO Stausholm said China is ahead of the west by having integrated supply chains for many minerals, adding he has seen a more positive attitude in the west re. mining. (FT)

Rolls-Royce (RR/ LN) - UK Energy Secretary Shapps said the Co. was "obviously in a good position" to construct small nuclear power plants within the UK. By autumn, wants a shortlist of finalists to go to a final stage. (FT)

Sanofi (SAN FP) - Scribe Therapeutics announce an expansion of their collaboration, to advance in vivo genetic mediciens for sickle cell & other diseases. (Newswires)

SGS (SGSN SW) - Appoints Picaud as CFO, from December 1st. (Newswires)

Vodafone (VOD LN) - Vantage Towers co-control partnership update: agreed with consortium a further six month window to acquire additional shares in Oak Holdings at the same price. Will received further proceeds of EUR 500mln, taking net to EUR 5.4bln. (Newswires)

Adidas (ADS GY) upgraded to Neutral from Underperform at Oddo Securities

Aena (AENA SM) upgraded to Buy from Hold at Santander

Eni (ENI IM) downgraded to Hold from Buy at HSBC

Ericsson (ERICB SS) upgraded to Hold from Sell at SocGen

Fortum (FORTUM FH) upgraded to Buy from Neutral at Citi

K+S (SDF GY) maintained with Overweight at JPMorgan

Tag Immobilien (TEG GY) upgraded to Hold from Sell at Deutsche Bank

Vonovia (VNA GY) upgraded to Buy from Hold at Deutsche Bank

18 Jul 2023 - 07:05- Research Sheet- Source: Newsquawk