Additional European Equity News

ASOS (ASC LN) - Trading update: expects significant improvement in H1 FY25 profitability, revenue for this period in line with consensus. (Newswires)

BT (BT/ LN) - Bloomberg reports that the Co. approached Orange (ORAN FP) and AT&T (T) on an international tie-up. (Bloomberg)

Ferrexpo (FXPO LN) - Statement regarding Ukraine VAT refunds; suspended VAT refunds for Jan 2025, amounting to USD 12.5mln. (Newswires)

ITV (ITV/ LN), BT (BT/ LN) - UK’s CMA says BBC, ITV, BT & Sky fined GBP 4mln in freelancer pay investigation. (Newswires)

JD Wetherspoon (JDW LN) - H1 (GBP): sales 1.03bln (prev. 991mln Y/Y), Adj. Pretax 32.9mln (prev. 36mln Y/Y); proposes H1 dividend of 0.04, anticipates reasonable outcome for FY, subject to future sales ; like for like sales in the last seven weeks increase by 5.0%. (Newswires)

Norsk Hydro (NHY NO) - Invests NOK 1.65bln to supply European infrastructure with low carbon aluminium; build new wire rod casthouse, completion scheduled for Q1 2028, and will be the largest investment in Norway for 10 years. (Newswires)

Peab AB (PEABB SS) - Builds holiday homes in Trysil for Skiab, contract is worth SEK 185mln. (Newswires)

Salzgitter (SZG GY) - Have launched an additional profit improvement programme to supplement existing 2026 measures; anticipates an additional Financial effect of around EUR 250mln over the period up until 2028; still in talks with Papenburg consortium over their takeover approach, still no binding offer; Planning to expand business with Defence industry  (Newswires)

UBS (UBS SW) - Co. is considering moving its HQ if Switzerland requires the bank to hold an extra USD 25bln worth of capital, according to Bloomberg. (Bloomberg)

Zealand Pharma (ZEAL DC) upgraded to Overweight from Equal Weight at Morgan Stanley.

Wood (WG/ LN) downgraded to Hold from Buy at Jefferies 

21 Mar 2025 - 07:15- ForexEU Research- Source: Newsquawk