Additional European Equity News

Alstom (ALO FP) - Wins a contract around EUR 900mln to maintain VLocity and Classic fleet for the next decade in Australia. (Newswires)

Casino (CO FP) - Consortium business plan now sees FY24 EBITDA of 126mln (prev. guided 316mln). (Newswires)

CRH (CRH LN) - Continues share buyback program. (Newswires) 

Eni (ENI IM) - Expected to announce a deal for the sale of a minority stake in Plenitude, via Reuters citing sources. Subsequently, announces it will sell a 9% stake in the unit for EUR 700mln. (Newswires)

Handelsbanken (SHBA SS) - Appoints new chair of fund business. (Newswires) 

IPOs – Bankers advising firms on market listings see an IPO recovery in 2024 given the FOMC signalling rate reductions. (Newswires)

Norsk Hydro (NHY NO) - To report total impairment losses of approximately NOK 5.9bln in its Q4 results. (Newswires) 

Philips (PHIA NA) - Philips North America (PHG) recalls the Panorama 1.0T HFO due to risk of explosion; identified devices as a class I recall. (Newswires) 

Smurfit Kappa (SKG ID) – Primestone Capital, ~1.0% stake, has sent a public letter to the board regarding strategic alternatives to the possible acquisition of Westrock, expressing reservations around the deal. (Newswires)

Sydbank (SYDB DC) - Raises FY23 (DKK): Net 3.20-3.35bln (prev. 3-3.2bln). (Newswires) 

Skanska (SKAB SS) - Signs additional SEK 300mln contract for expansion of NKT's cable in Sweden. (Newswires) 

Aurubis (NDA GY) downgraded to Hold from Buy at Warburg Research 

Storebrand (STB NO) downgraded to Hold from Buy at Jefferies 

21 Dec 2023 - 07:05- Research Sheet- Source: Newsquawk