Additional European Equity News

Barry Callebaut (BARN SW) upgraded to Overweight from Equal Weight at Morgan Stanley

Bellway (BWY LN) downgraded to Hold from Add at Peel Hunt

British American Tobacco (BATS LN) - Co. is nearing a potential settlement regarding tobacco litigation in Canada, following a five-year legal process involving its subsidiary Imperial Tobacco. A plan has been filed in court to resolve all claims, allowing ongoing operations while maximising creditor recovery. Financial details remain undisclosed. (Newswires)

BooHoo (BOO LN) - H1 Update (GBP): Revenue 620mln (exp. 685mln), adj. EBITDA 21mln (prev. 31mln). Strategic review launched. CEO to step down. (Neswswires)

Bunzl (BNZL LN) downgraded to Neutral from Buy at Citi

Danone (BN FP) downgraded to Equal Weight from Overweight at Morgan Stanley

Geberit (GEBN SW) upgraded to Buy from Neutral at Goldman Sachs

Lindt (LISN SW) upgraded to Equal Weight from Underweight at Morgan Stanley

Nestle (NESN SW) upgraded to Outperform from Sector Perform at RBC

Nokia (NOKIA FH) downgraded to sell from reduce at Inderes

Richemont (CFR SW) downgraded to Neutral from Buy at Goldman Sachs

Yara (YAR NO) initiated with Sell at Redburn