Additional European Equity News

Bureau Veritas (BVI FP) - Acquires ONETECH, KOSTEC and Hi Physix in India, no terms. (Newswires) 

Computacenter (CCC LN) - FY23 (GBP): Revenue 6.92bln (prev. 6.47bln Y/Y), Pretax Profit 269mln (prev. 256mln). (Newswires) 

Ferrovial (FER SM) - Regulator proposes changes to Heathrow Airport Limited's airline chargers in response to CMA appeal. (Newswires)

Glencore (GLEN LN) – Climate Action Transition Plan: retains existing emissions targets, on track to attain them. Not progressing any greenfield thermal coal investments, expect a continued phase down of thermal coal plants. (Newswires)

Idorsia (IDIA SW) - Receives US FDA NDA Type 1 approval for Tryvio. (Newswires) Shares indicated higher by 20%

Jeronimo Martins (JMT PL) - Reportedly to sell medical components for around USD 700mln. (Newswires)

Johnson Matthey (JMAT LN) - Signs agreement to sell Medical Care components business to Montagu private equity for USD 700mln. (Newswires) 

Kering (KER FP) - Shares seen lower by 11% in pre-market trade; Richemont (CFR SW) seen lower by 4.5% in pre-market trade. Kering said Gucci comp revenues in Q1 expected to be down nearly 20% Y/Y and expect group revenue to be -10% Y/Y - details in European Equity News.

Investec (INVP LN) - FY23 Trading Update: Guides Adj. Op. GBP 867-910mln. (Newswires) 

Stellantis (STLAM IM/ STLAP FP) - Stellantis Ventures invests in Breakthrough. (Newswires) 

UK Energy – Ofgem: proposed an Anglo-Scottish electricity superhighway to power millions of homes first to progress through the fast-track process. GBP 2bln funding package to deliver a subsea highway. (Newswires)

Atos (ATO FP) downgraded to Reduce from Hold at Kepler Cheuvreux 

Halma (HLMA LN) upgraded to Buy from Neutral at UBS

Hannover Re (HNR1 GY) downgraded to Hold from Buy at Bankhaus Metzler  

Spirax Sarco (SPX LN) downgraded to Neutral from Buy at UBS

Skanska (SKAB SS) downgraded to Sell from Neutral at UBS  

Schibsted (SCHB NO) downgraded to Hold from Buy at Pareto Securities 

Terna (TRN IM) upgraded to Neutral from Sell at Goldman Sachs

Weir (WEIR LN) downgraded to Neutral from Buy at UBS  

20 Mar 2024 - 07:10- Research Sheet- Source: Newsquawk