Additional European Equity News

888 (888 LN) - Q1 Trading Update (GBP): Revenue 431mln (above guided 420-420mln). Strategic review expected to deliver an ongoing EBITDA improvement of GBP 25mln/ yr from 2025. (Newswires)  

Avanza (AZA SS) - Q1 (SEK): Net 555mln (exp. 541mln), EBIT 647mln (prev. 579mln Y/Y), Revenue 951mln (exp. 941mln). (Newswires) 

Man Group (EMG LN) - Q1 Update: AUM USD 175bln, +5%. (Newswires)

Swisscom (SCMN SW) - Federal Supreme Court upholds appeal; concluding Co. did not impose a margin squeeze. (Swisscom)

Schneider Electric (SU FP) - Confirms talks with Bentley Systems over a potential deal. Discussions are at a preliminary stage. (Newswires)

Vinci (DG FP) - Co. finalises the acquisition of the Northwest Parkway section of the Denver Ring Road. (Newswires) 

UK Retail Names -  UK Retail Sales MM (Mar) 0.0% vs. Exp. 0.3% (Prev. 0.0%, Rev. 0.1%). (Newswires) 

Umicore (UMI BB) - Secures EUR 499mln in sustainably-linked private debt placement. (Newswires) 

Barclays (BARC LN) initiated with Buy at Peel Hunt

Bakkafrost (BAKKO NO) downgraded to Hold from Buy at Nordea

DS Smith (SMDS LN) downgraded to Hold from Buy at Numis

Euronav (EURN BB) downgraded to Hold from Buy at Kepler Cheuvreux

EDP Renovaveis (EDPR PL) upgraded to Outperform from Sector Perform at RBC 

Banco Sabadell (SAB SM) initiated with Outperform at RBC

Bureau Veritas (BVI FP) upgraded to Buy from Hold at Redburn 

Intertek (ITRK LN) upgraded to Buy from Hold at Redburn

Lloyds (LLOY LN) initiated with Hold at Peel Hunt

NatWest (NWG LN) initiated with Buy at Peel Hunt

Rheinmetall (RHM GY) downgraded to Hold from Buy at Deutsche Bank 

Saipem (SPM IM) downgraded to Hold from Buy at Saipem

Schneider Electric (SU FP) upgraded to buy from Hold at Kepler Cheuvreux

Tele2 (TEL2B SS) upgraded to Buy from Hold at Handelsbanken 

19 Apr 2024 - 07:10- Research Sheet- Source: Newsquawk