Additional European Equity News

Argo Blockchain (ARB LN) - Q3 (USD): Revenue 7.45bln (prev. 10.4bln Y/Y). Mined a total of 123 Bitcoin in Q3. (Newswires) 

Britvic (BVIC LN) - FY (GBP): Revenue 1.89bln, +9.5% Y/Y. FY dividend 34.5p including 25p/shr on Carlsberg acquisition. Anticipate acquisition by Carlsberg will complete in Q1'25. (Newswires) 

British Land (BLND LN) - HY: Reiterates ERV guidance of 3-5% growth across portfolio. (Newswires) 

Casino (CO FP) - Agreement for Trinity to transfer its shares in France retail holdings to EPEI III. No impact on allocation of share capital and voting rights. (Newswires) 

Credit Agricole (ACA FP) - Co. assurances announces successful sale of Francaise Des Jeux (FDJ FP); represents approx 2.2% of co's share capital. (Newswires) 

Crest Nicholson (CRST LN) - Trading update: FY24 in line with guidance. (Newswires)

DSV (DSV DC) - CFO said Co. is making solid progress in securing regulatory approvals for the Schenker acquisiton. (Newswires) 

Generali (G IM) - Fitch confirmed Generali's IFS rating with A+; outlook positive. (Newswires) 

Nokia (NOKIA FH) - Won multi-billion 5G extension deal from Bharti Airtel for India ops. (Newswires) 

Santander (SAN SM) - Santander UK Q3 (GBP): PBT reduced to 143mln (prev. 413mln Q/Q). In light of court appeal judgement, recognised a provision of GBP 295mln in Q3 results. There are currently significant uncertainties regarding the nature, extent, and timing of any required remediation action, and the ultimate financial impact could be materially higher or lower than the amount provided. Santander UK plc's CET1 capital ratio increased to 15.4% in the quarter, despite a 19 basis point impact from a specific provision. The bank remains well-capitalised, maintaining significant buffers over regulatory requirements. (Newswires)

Severn Trent (SVT LN) - H1 Trading Update (GBP): Expects to deliver of 100mln in net ODI rewards this year. Has declared an interim ordinary dividend of 48.68p/shr. (Newswires) 

Sage (SGE LN) - FY (GBP): Revenue 2.33bln (exp 2.34bln), EBITDA 622mln (exp. 577mln). Announces share buyback programme of up GBP 400mln. Proposes final dividend of 13.50p. Expects organic total rev. growth in FY25 to be 9% or above. Op. margins are exp. to trend upwards in FY25 and beyond. (Newswires) 

Vistry (VTY LN) - COO Earl Sibley will leave the business. (Newswires) 

Buzzi (BZU IM) downgraded to Neutral from Underweight at JPMorgan

Edenred (EDEN FP) upgraded to Hold from Underperform at Jefferies

20 Nov 2024 - 07:19- ForexResearch Sheet- Source: Newsquawk