Additional European Equity News

Airbus (AIR FP) - Qatar Airways denied it owed the Co. USD 220mln after failing to accept deliveries of A350s. (Newswires) 

Air Liquide (AI FP) - Co. announces its new strategic plan for 2025: aims for an acceleration in sales growth reaching a pace of 5 to 6% on average per year, targets a return on capital employed (ROCE) of more than >10 % starting from 2023. Co. also aims for a reduction of our CO2 emissions in absolute terms starting around 2025. (Air Liquide)

Amadeus Fire (AAD GY) - FY21 (EUR) Revenue 372mln, +32%. Operating EBITA 66mln, +62%. (Newswires)

CD Projekt (CDR PW) - Co. announces a new technology partnership with Epic Games; additionally, revealed the next instalment in The Witcher series of games. (CD Projekt)

Fortum (FORTUM FH) – To sell its 50% stake in Fortum Oslo Varme to a consortium for circa. EUR 1bln. Expect to record a tax-exempt capital gain of circa. EUR 0.6bln in city solutions segment. Transaction expected to close during Q2. (Newswires)

Ipsos (IPS FP) - Co. is to take 20% minority share in CIESMORI

Just Eat Takeaway (JET LN) - Just Eat Takeaway and McDonald’s announce long-term global strategic partnership to drive delivery growth. (Just Eat Takeaway)  

Kingfisher (KGF LN) – FY21 (GBP): Revenue 13.2bln (prev. 12.3bln Y/Y). Pretax 949mln (prev. 786mln). LFL +16% vs 2019. Retail profit +16.7% Y/Y. Co. is targeting further market share growth. (Newswires)

Leonardo (LDO IM) - Co. is to reportedly sell its Communications unit for USD 450mln, according to reports. (Newswires)

Leonardo (LDO IM)/Telecom Italia (TIT IM) - Cos presented the final bid in a tender to set up cloud infrastructure. (Newswires) 

Orpea (ORP FP) - Co. has defended itself against new claims in Le Monde which suggested the paper had access to a "damning" detailed summary of the preliminary report of the general inspectorates of finance and social affairs. (Newswires) 

Bechtle (BC8 GY) upgraded to Buy from Hold at Stifel Nicolaus

Enel (ENEL IM) upgraded to Outperform at Exane BNP

Marks & Spencer (MKS LN) downgraded to Underperform from Neutral at BNP Paribas

TP ICAP (TCAP LN) upgraded to Buy from Hold at Shore Capital

22 Mar 2022 - 07:40- EquitiesResearch Sheet- Source: Newsquawk