Additional European Equity News

Air Liquide (AI FP) - Authorises EUR 168mln share buyback. (Newswires)

BAE Systems (BA/ LN) – FY (GBP): Sales 25.2bln (exp. 24.6bln), adj. EBIT 26.82bln (exp. 27.1bln), Board has recommended a final dividend of 18.5p. Q4: EPS 63.2p (prev. 55.5p Y/Y), Adj. EBIT 2.68bln (prev. 2.48bln Y/Y). Order backlog 69.8bln (prev. 58.9bln Y/Y). Guides initial FY24 adj. EPS +6-8%, Revenue +10-12%, adj. EBIT +11-13%. (Newswires)

Barclays (BARC LN) – Commencement of buyback programme, from 21st February until 20th November. Maximum consideration of GBP 1bln. (Newswires)

Banco BPM (BAMI IM) - La Stampa reports that "political manoeuvres" are being conducted with the aim of merging the Co. and BMPS (BMPS IM), though nothing expected before June European elections. (Newswires/La Stampa)

BMPS (BMPS IM) - Italian government is reportedly considering selling a stake of as much as 10% in the Co., via Bloomberg citing sources. (BBG/Newswires)

BP (BP/ LN) – The third train of the Tangguh LNG facility has recommended operations, following a week long outage. (Newswires)

Ferrovial (FER SM) - Heathrow reports FY23 (EUR): Adj. EBITDA 2.23bln (prev. guided 2.23bln), Revenue 3.69bln (prev. guided 3.67bln). Passengers 79.2mln (prev. guided 79.1mln). (Newswires)

GSK (GSK LN) - LATITUDE phase III interim trial data indicates ViiV Healthcare’s long-acting injectable HIV treatment Cabenuva (cabotegravir + rilpivirine) has superior efficacy compared to daily therapy in individuals living with HIV who have adherence challenges. (GSK)

Hochschild (HOC LN) – Announces the first gold pour at Mara Rosa Mine within Brazil. (Newswires)

Mediobanca (MB IM) – Delfin has sold 1mln shares, which equates to 0.12% of share capital. Transaction occurred between 9th-14th February. (Newswires)

Senior (SNR LN) - Announces that it has been awarded a contract from Airbus (AIR FP) to produce complex components. (Newswires) 

Tate & Lyle (TATE LN) – Q3 Update: Group Revenue -4%, mainly due to softer demand and phasing of orders into the fourth quarter. FY EBITDA guidance maintained. (Tate)

Wienerberger (WIE AV) - CEO sees strong demand later in the year. (CNBC)

Wolters Kluwer (WKL NA) – FY (EUR): Revenue 5.58bln (exp. 5.58bln), adj. EPS 4.55 (exp. 4.37), adj. EBIT 1.48bln (exp. 1.42bln), adj. Net 1.2bln (exp. 1.08bln), Dividend 2.08/shr (exp. 1.93/shr). Buyback of up to EUR 1bln, EUR 0.1bln of this has already completed. (Newswires)

Valmet (VALMT FH) - To add biomass co-firing to a coal-fired circulating fluidzed bed boiler for Indonesia, no terms. (Newswires) 

Enagas (ENG SM) upgraded to Buy from Hold at SocGen 

Unilever (ULVR LN) upgraded to Buy from Neutral at Bryan, Garnier Co. 

21 Feb 2024 - 07:05- EquitiesEconomic Commentary- Source: Newsquawk