Additional European Equity News

Antofagasta (ANTO LN) - H1 (USD): Pretax 712.6mln (exp. 654mln), Revenue 2.955bln (exp. 2.833bln), EBITDA 1.394bln (exp. 1.348bln). Copper production was 284,700 tonnes, 4% lower year-on-year, principally representing a balance of lower production at Centinela concentrates, and higher production at both Centinela Cathodes and Los Pelambres. As previously announced, total production for 2024 is expected to be at the low end of the Company’s 670– 710,000 tonne guidance range. (Antofagasta)

ASML (ASML NA) - Business Korean press suggests that Samsung (005930 KS) has scaled back its EUV plans. (Business Korea)

AstraZeneca (AZN LN) - Fasenra approved in China for the treatment of severe eosinophilic asthma (AstraZeneca)

Drax (DRX LN) - New sustainability linked GBP 450mln RCF. Completed refinancing of its revolving credit facility. (Newswires) 

Jyske Bank (JYSKE DC) - H1 (DKK): Profit after tax 2.6bln. Outlook for 2024: Net profit in ipper half of 4.3-5.1bln range. (Newswires) 

Generali (G IM) - Central Bank of India is liekly to take over Future Enterprises' 25% stake in Future Generali India Insurance and 33% in Future Generali India Life Insurance; two JV's of Generali, according to II Sole 24 citing Economic Times of India. (II Sole 24)

GSK (GSK LN) - Got Designation For B7-H3-targeted Antibody-Drug Conjugate in Relapsed or Refractory Extensive-Stage Small-Cell Lung Cancer. (Newswires)  

H. Lundbeck (HLUNB DC) - Raises FY guidance. Sees 2024 revenue growth between 11-14% (prev. view. 7-10%).

Nordex (NDX1 GY) - Received orders from Akfen Renewable Energy for 102MW in Turkey. (Newswires) 

Neste (NESTE FH) - Expands chemical recycling logistics infrastructure at its Finland refinery. (Newswires) 

John Wood (WG/ LN) - H1 (USD): Revenue 2.8bln (prev. 5.9bln Y/Y), Net Income -983mln (prev. -27mln Y/Y), Op. Income -899mln (prev. +23mln Y/Y). Reconfirm outlook for 2024 and 2025. Impairment of USD 815mln of goodwill and intangibles impacting Op. Income.  (Newswires) 

Swatch (UHR SW) / Watch names - Swiss Watch Exports +1.6% (prev. -7.2%)

Weir (WEIR LN) - Awarded GBP 53mln redefined flowsheet contract. (Newswires) 

20 Aug 2024 - 07:45- Research Sheet- Source: Newsquawk