Additional European Equity News

ASML (ASML NA) / Chip names - US House China panel Chair Moolenaar urges engagement between the US and Netherlands to close export control loopholes. (Newswires)

Bunzl (BNZL LN) - Trading Statement: Q1 Revenue +1.5% at constant FX Q/Q, real exchange rate revenue -0.4% Q/Q; reiterates 2026 guidance,  CEO says pipeline is active, sees an improved outlook for acquisitions in 2026 (Bunzl)

Croda (CRDA LN) - Q1 2026 (GBP): Revenue 431ln (prev. 442mln Y/Y). Unchanged expectations for FY26. The conflict in the Middle East did not have a material effect on our business in the first quarter.  (Croda)  

Ferrexpo (FXPO LN) - Proposes minimum USD 100mln fund raise. The Company expects that its shares will be suspended from listing and trading with effect from 07:30 (UK time) on 1 May 2026 until the audit is completed and the 2025 Annual Report and Accounts are published, which itself will require the execution of an appropriate funding solution in order for the financial results to be prepared on a going concern basis. (Ferrexpo) 

JD Sports (JD/ LN) - Chair Andrew Higginson has informed the Board of his intention to step down as Chair at the conclusion of the Company's AGM on 21 July 2026. The Board has initiated a process for the appointment of a successor. (JD Sports) *Follows earlier reports from Sky News*

Fresnillo (FRES LN) - Q1 2026 Production Report: Silver 11.12koz (prev. 12.16koz Y/Y), Gold 136koz (prev. 135.19koz Y/Y). CEO: "We have started 2026 in line with our expectations, with production across our operations consistent with the guidance set at the beginning of the year". (Fresnillo)

HSBC (HSBA LN) - HSBC shortlisted Allianz (ALV GY), Daiichi Life Group (DLICY), and Sumitomo Life Insurance (SSUMY) as bidders for HSBC Life Singapore, with binding bids expected in the coming weeks, according to Bloomberg. HSBC may seek a valuation of as much as USD 2bln for the business. (Bloomberg)

Metso (MTSO FH) - Q1 2026 (EUR): Orders 1.55bln (prev. 1.46bln Y/Y), sales 1.25bln (prev. 1.21bln Y/Y), adj. EBITDA 0.20bln  (prev. 0.19bln Y/Y), market activity in both Minerals and Aggregates will remain at the current level. (Metso)

Rexel (RXL FP) - Q1 2026 (EUR): Revenue 4.74bln (prev. 4.83bln Y/Y). Affirms guidance. (Rexel) 

Reckitt (RKT LN) - Q1 2026 (GBP): Net Revenue 3.24bln, -11.8% Y/Y; +0.6% LFL Growth. In Europe, LFL net revenue declined -4.2% as category growth rates remained challenged, with heightened promotional intensity in autodish continuing and the weak cold and flu season resulting in a double-digit decline in seasonal OTC LFL net revenue. Outlook: We are maintaining our FY 2026 LFL net revenue outlook for Core Reckitt of +4% to +5%. (Reckitt)

Nordex (NDX1 GY) - N175/6.X turbine with 7.3 MW power mode, new 162,5-meter tower, and type approval for a further 179-meter tower. (Nordex)

Senior (SNR LN) - Q1 Trading Update: Revenue +2.5% Y/Y. FY26 trading performance is expected to be "comfortably" above the Board's prior expectations. (Senior) 

Temenos (TEMN SW) - Q1 2026 (USD): EPS 0.90 (prev. 0.81 Y/Y), Revenue 252mln (prev. 253mln Y/Y). Affirms outlook. (Temenos)

UK Banks - UK Watchdog to unveil plans to weaken post-financial crisis rules that hold senior managers at financial firms accountable for misconduct (POLITICO)

Autotrader (AUTO1 LN) downgraded to Equal Weight from Overweight at Barclays

Holcim (HOLN SW) upgraded to Reduce from Sell at AlphaValue 

SAP (SAP GY) upgraded to Buy from Hold at HSBC 

22 Apr 2026 - 07:10- EquitiesEU Research- Source: Newsquawk