Additional European Equity News

Air Liquide (AI FP) - To invest EUR 500mln into three new plants for the semiconductor sector within Taiwan. (Newswires)

Antofagasta (ANTO LN) - Q3 copper production +40.1% Q/Q. 2022 copper production guidance unchanged at lower end of 640-660k tonne range. 2023 production expected between 670-710k tonnes. Capex guidance will be provided in January 2023. (Newswires)

Asos (ASC LN) - FY22 (GBP): Revenue 3.94bln (prev. 3.91bln). Adj. pretax 22mln (prev. 193.6mln Y/Y). Co. says it is renegotiating core banking covenants. (Newswires)

BMW (BMW GY) – Co. is said to be planning to invest CNY 10bln to expand its battery plant in China, according to reports. (Newswires)

Elisa (ELISA FH) - Q3 2022 (EUR): Revenue 534mln (prev. 496mln Y/Y). EBITDA 194mln (prev. 186mln). EPS 0.63 (prev. 0.60). Co. raises its FY22 revenye and EBITDA guidance. (Newswires)  

Entain (ETN LN) - Co. notes of successful pricing and allocation of new Term Loan after seeing strong global demand. (Newswires)

Fingerprint Cards (FINGB SS) - Q3 2022 (SEK): Revenue 143.2mln (prev. 354.3mln Y/Y). EBITDA -38.1mln (prev. +32.3mln). Gross margin 12.2% (prev. 28.6%). (Newswires)

Handelsbanken (SHBA SS) - Q3 2022 (SEK): Revenue 12.9bln (exp. 12.0bln). NII 9.58bln (exp. 8.9bln). Operating profit 7.28bln (prev. 5.25bln Y/Y). EPS 2.89 (prev. 2.11 Y/Y). (Newswires) 

Micro Focus (MCRO LN) – Shareholders have approved the acquisition by Open Text. (Newswires)

Provident Financial (PFG LN) - Co. says Q3 trading was in line with expectations. (Newswires) 

Roche (ROG SW) - Roche to present new OCREVUS (ocrelizumab) data in multiple sclerosis and continued research into neuromyelitis optica spectrum disorder at ECTRIMS 2022. (Roche)

Sartorius (SRT GY) - 9M 2022 (EUR): Revenue 3.11bln (prev. 3.29bln Y/Y). EBITDA 1.05bln (prev. 0.866bln). Net 525.7mln (prev. 307.8mln). Co. cuts its FY22 revenue guidance. (Newswires)  

Telekom Austria (TKA AV) – Q3 2022 (EUR): Revenue 1.29bln (prev. 1.21bln Y/Y). EBITDA 526mln (prev. 501mln). Net 205mln (prev. 181mln). Co. affirms its outlooks. (Newswires)

UK Gambling - Growth in the betting sector has plateaued in recent years as a result of cost of living concerns and safety measures, says top gambling regulator. (CityAM)

Covestro (1COV GY) upgraded to Buy from Add at Baader Helvea

Deutsche Telekom (DTE GY) reiterated with Overweight at JPMorgan Chase

easyJet (EZJ LN) reiterated with Underweight at JPMorgan Chase

Flutter Entertainment (FLTR LN) downgraded to Equal Weight from Overweight at Barclays

Frasers (FRAS LN) upgraded to Sector Perform from Underperform at RBC

Fuchs Petrolub (FPE GY) upgraded to Buy from Add at Baader Helvea

HSBC (HSBA LN) upgraded to Outperform from Underperform at Keefe Bruyette

K+S (SDF GY) upgraded to Buy from Add at Baader Helvea

Lloyds Banking (LLOY LN) downgraded to Underperform from Outperform at Keefe Bruyette

Metro Bank (MTRO LN) downgraded to Underperform from Market Perform at Keefe Bruyette

MoneySupermarket (MONY LN) downgraded to Hold from Buy at Stifel Nicolaus

NatWest (NWG LN) downgraded to Market Perform from Outperform at Keefe Bruyette

19 Oct 2022 - 07:41- EquitiesResearch Sheet- Source: Newsquawk