Additional European Equity News

Airbus (AIR FP) - The Telegraph reports that thousands of Airbus jobs are at risk in the UK, if the Government opts to award a military satellite deal to rivals. (The Telegraph)

AstraZeneca (AZN LN) - Tagrisso plus chemotherapy demonstrated statistically significant and clinically meaningful improvement in overall survival in EGFR-mutated advanced lung cancer. Tagrisso plus chemo shows significant overall survival improvement in FLAURA2 trial. (Newswires) 

BASF (BAS GY) - BASF has invited next-round bids for its coatings business, valued at around EUR 6bln. Private equity firms Carlyle, KPS Capital, Lone Star, and Platinum Equity, alongside Dutch paint maker Akzo Nobel (AKZOY), have advanced to the next bidding stage. (Bloomberg)

LVMH (MC FP) - Hong Kong's privacy watchdog is investigating a data leak, said to affect 419k customers of Louis Vuitton (Ming Pao)

BP (BP/ LN) - Co. appoints Albert Manifold as Chair to succeed Lund; will join Board on Sept 1 and Lund to step down on 1 Oct. (Newswires)

Delivery Hero (DHER GY) / Just Eat (JET LN) / Prosus (PRX NA) - Prosus has offered to cuts its stake in Delivery Hero to below 10% and give up its board seat to ease EU concerns surrounding its bid for Just Eat, according to Reuters citing sources. (Reuters) 

Essilorluxottica (EL FP) - Co. to acquire Pucore's division dedicated to the development/sale of Ophthalmic Lens Materials. Expected to close by end-2025. (Newswires)  

Galp (GALP PL) - Q2 (EUR): Adj. EBITDA 840mln (prev. 849mln Y/Y). 2025: Upgrades EBITDA and OCF expectations. Sees OCF above 1.8bln (prev. saw 1.6bln). Now sees RCA EBITDA 2.7bln prev. saw 2.5bln. (Newswires) 

Indra (IDR SM) - Co. is planning to file, together with Rheinmetall (RHM GY) and Leonardo (LDO IM) a joint bid for Iveco Defence (IVG IM), by the end of July. (El Economista)

Stellantis (STLAM IM/STLAP FP) - Q2 (EUR) net loss forecast at 2.3bln (exp. 25.1mln), Estimated Global Consolidated Shipments of 1.4mln units, -6% Y/Y. "The early stage of actions being taken to improve performance and profitability, with new products expected to deliver larger benefits in the Second Half of 2025." "The early effects of US tariffs EUR 0.3bln of net tariffs incurred as well as loss of planned production related to implementation of the Company's response plan."

Wolters Kluwer (WKL NA) - To divest its finance, risk and regulation unit for EUR 450mln; exp. to complete in Fall 2025. Expects capital gain upon completion. (Newswires) 

ASML (ASML NA) downgraded to Neutral from Buy at Kempen

Schindler (SCHP SW) upgraded to Hold from Reduce at Kepler Cheuvreux

Tenaris (TEN IM) initiated with Outperform at SocGen

Vivendi (VIV FP) upgraded to Buy from Hold at Kepler Cheuvreux

Vestas Wind Systems (VWS DC) downgraded to Reduce from Hold at Kepler Cheuvreux

Weir (WEIR LN) downgraded to Hold from Buy at Stifel

21 Jul 2025 - 07:09- EquitiesEU Research- Source: Newsquawk