Additional European Equity News

Antofagasta (ANTO LN) – FY (USD): Revenue 6.3bln (exp. 6.3bln), EBITDA 3.08bln (exp. 3.08bln), PBT 1.97bln (1.73bln). Outlook for the Co. and shareholders is positive. Recommend a 0.243/shr dividend. CEO “Copper prices in 2023 showed reduced volatility, with prices displaying a high degree of stability in the second half of the year. Over the medium to long-term, we continue to believe in copper’s fundamental role in the energy transition, helping to decarbonise the global economy.” (Newswires)

Barclays (BARC LN) - Q4 (GBP): CIB revenue 2.39bln (exp. 2.55bln). NII 3.14bln (exp. 3bln). FICC 724mln (exp. 830.8mln). Sees 2024 rote above +10% (exp. +9.2%). Sees 2024 CET1 ratio 13-14% (exp. 14.2%). Plans to return at least GBP 10bln between 2024-2026.  (Newswires)

EU New car registrations -  +12.1% in January 2024; battery electric 10.9% (prev. 9.5%) market share. (acea)

Evolution AB (EVO SS) - New Jersey Division of Gaming Enforcement (NJDGE) has conducted an investigation into allegations of misconduct by Evolution AB and that investigation has been closed with no further action taken. (Newswires)

Generali (G IM) - Fondazione CRT has increased its stake in the Co. to circa. 2%, following the sale of its holding in Banco BPM (BAMI IM) last week, via Il Sole 24. (Newswires)

Grifols (GRF SM) - Gotham City Research has published a list of questions for the Co., focusing on Scranton Enterprises - click here for the list. (Gotham City)

IHG (IHG LN) – FY23 (USD): Adj. EPS 3.76 (exp. 3.76), Revenue 2.16bln (exp. 2.16bln, prev. 1.84bln Y/Y), Op. 1.02bln (prev. 828mln Y/Y), RevPAR +16.1% Y/Y, +10.9% vs 2019. To commence 800mln share buyback. (Newswires)

Nexi (NEXI IM) - Co. is negotiating as many as 400 voluntary redundancies in Italy, via Corriere della Sera. (Newswires)

Plus500 (PLUS LN) – FY23 (USD): EBITDA 340.5mln (exp .340mln, prev. 453.8mln Y/Y), Revenue 726.2mln (exp. 696mln, prev. 833mln Y/Y), EBITDA margin 47% (prev. 55%). New share holder returns of USD 175mln announced today. (Newswires)

Salzgitter (SZG GY) - Divests Mannnesmann Stainless Tubes Group to Cogne Accia Speciali for EUR 135mln. (Newswires) 

Unilever (ULVR LN) – UK CMA regulator to scrutinise infant formula market, recommendations to the government from this will have formal status. (Newswires)

argenx (ARGX BB) upgraded to Buy from Accumulate 

LondonMetric (LMP LN) upgraded to Buy from Hold at Stifel Nicolaus 

Valmet (VALMT  FH) - To supply consistency measurements to DS Smith in Italy. (Newswires)

20 Feb 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk