Additional European Equity News

Antofagasta (ANTO LN) – FY21 (USD): Revenue 7.47bln (exp. 7.44bln), adj. EBITDA 4.85bln (exp. 4.68bln) underlying EPS 1.42 (exp. 1.46), final dividend of 1.189/shr (exp. 0.9422/shr). FY22 CAPEX 1.7-1.9bln. FY22 production guidance: Copper 660-690k/T, Gold 170-190k/oz and Molybdenum 8.5-10k/T. (Newswires)

Barclays (BARC LN) – Preparing to name Anna Cross as CFO in coming months, according to sources. (Sky News)

EDF (EDF FP) - Co. expects to continue operating its business as per normal in Russia, which accounts for a small portion of business. Moody's downgraded to Baa1; outlook negative. (Newswires) 

Hargreaves Lansdown (HL/ LN)- H1 (GBP): Revenue 291.1mln (exp. 293mln). Pretax profit 151.2mln (exp. 149mln). Interim dividend +3%. (Newswires)

IHG (IHG LN) – FY21 (USD): 2.9bln (prev. 2.39bln), Operating Profit 534mln (exp. 341mln). Significant improvement in trading during the year, RevPAR recovering to 70% of 2019 levels. FY21 final dividend of 0.859/shr, equivalent to the withdrawn FY19 final payment. (Newswires)

Pirelli (PIRC IM) - Co. signed a 5yr multi-currency bank line worth EUR 1.6bln. (Newswires)  

Smith & Nephew (SN/ LN) - FY21 (USD): Revenue 5.212bln (exp. 5.220bln). FY dividend 0.375/shr (exp. 0.341/shr). Operating profit 539mln (prev. 295mln). (Newswires)

Telecom Italia (TIT IM) - Co. is expected to respond around mid-March to KKR's bid. (Il Sole)

THG (THG LN) – Notes the fall in share price on Monday, confirms it knows of no notifiable reason for the movement. Dermalogica has not placed and is not looking to place any trading relations restrictions on THG, not aware of any other key supply who has/intends to reduce supply. (Newswires)

Wood Group (WG LN) – FY21 results are delayed due to an external review, expected underlying results for FY21 unchanged. Notes an exceptional charge of around USD 100mln in relation to Aegis Poland, charge is expected with FY21 results. (Newswires)

22 Feb 2022 - 07:13- Metals- Source: Newsquawk