Additional European Equity News

Anglo American (AAL LN) - Elliott Investment Management discloses 3.19% total interest in Co. as of May 20. (Newswires) 

Autos - EU New car registrations: +13.7% in April 2024; battery electric 11.9% market share (vs 13% in March), according to acea. EU New Car Registrations by company in April Y/Y: Volkswagen (VOW3 GY) +15.5%   Stellantis (STLAP FP/ STLAM IM) +1.7%  Renault (RNO FP) +11.0%  BMW (BMW GY) +11.5%  Mercedes-Benz (MBG GY) +4.2%  Toyota (7203 JT) +47.3%  Nissan (7201 JT) +14.3%  Ford (F) -9.1%  Tesla (TSLA) +3.0%.

BT (BT/ LN) - OFCOM fines BT GBP 2.3mln for failing its EE and PlusNet customers. (Newswires) 

British Land (BLND LN) - FY (GBP): Adj. EPS 0.285 (exp. 0.28), Net Income 268mln (exp. 257.4mln). (Newswires) 

Close Brothers (CBG LN) - Trading Statement: Delivered strong YTD annualised net inflows of 9%, in banking; loan book +1.5% this quarter. Managed assets increased to GBP 18.5bln. (Newswires) 

Galp (GALP BB) - To divest its 10% stake in Area 4 Mozambique; signs agreement with ADNOC. Upon completion, it will receive USD 650mln for its shares. (Newswires) 

LVMH (MC FP) - Announced new partnership with Alibaba (BABA), leveraging its cloud capacities, AI innovations and tech presence in China. (Newswires) 

Marks & Spencer (MKS LN) - FY (GBP): Adj. Op Profit 838.6mln (exp. 806.4mln), Revenue 13.04bln (exp. 12.99bln). Structural cost savings of GBP 180mln in 23/24, with 5yr objective increasing to 500mln (prev. 400mln). To restore FY dividend of 3p/shr. New stores and renewals are performing ahead of forecast. (Newswires) 

RS Group (RS1 LN) - FY (GBP): Revenue 2.94bln (exp. 2.93bln), EPS 0.438 (exp. 0.44), Op Profit 312mln (exp. 302.3mln). (Newswires) 

Severn Trent (SVT LN) - FY (GBP): Revenue 2.33bln (exp. 2.33bln). (Newswires) 

SSE (SSE LN) - FY (GBP): Adj. EPS 1.58 (exp. 1.57), Net Debt 9.4bln. Intention to recommend a final dividend of 40p. (Newswires) 

THG (THG LN) – Activist investor to vote against the Co’s Chairman, according to The Times. (The Times)

22 May 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk