Additional European Equity News
British Land (BLND LN) - FY (GBP): Adj. EPS 0.28 (exp. 0.28), Net Income 279mln (exp. 257.4mln). Reiterates guidance. (Newswires)
BT (BT/A LN) - FY (GBP): Adj. Revenue 20.37bln (exp. 20.4bln). Pretax profit 1.3bln (exp. 1.8bln). Basic EPS 18.8p (exp. 18.8p); Adj. EBITDA 8.21bln (exp. 8.23bln) Sees 2026 Adj. EBITDA 8.2-8.3bln (exp. 8.26bln). Sees 2026 normalised FCF around 1.5bln (exp. 1.59bln). Final dividend 5.76/shr (prev. 5.69/shr Y/Y). (Newswires)
easyJet (EZJ LN) - H1 (GBP): Adj. Pretax -394mln (exp. -389mln), Revenue 3.53bln (exp. 3.64bln), Load Factor 87.9% (exp. 87.9%). Expects FY25 ASK growth of around 8% Y/Y. Sees positive demand outlook for summer supported by constrained H2 capacity growth. Positive outlook for FY25. (Newswires)
Estee Lauder (EL), L’Oreal (OR FP) - Estee Lauder and L’Oreal are being hit by a 14-month slump in Hainan’s travel-retail sector, with duty-free sales down 10.8% YTD and both shopper numbers and product volumes falling over 25% amid weak post-Covid recovery in Chinese spending, Bloomberg reports.
Euronext (ENX FP) - Launches EUR 425mln convertible bonds due 2032. (Newswires)
Johnson Matthey (JMAT LN) - FY (GBP): Revenue 11.67bln (prev. 12.8bln Y/Y), Adj. PBT 334mln (prev. 328mln Y/Y), Adj. EPS 1.49 (prev. 1.41 Y/Y). Do not expect tariff impact to be material. To sell CT business to Honeywell (HON) for GBP 1.8bln; confirms earlier sources. GBP 1.4bln expected to be returned to shareholders by H1'26. (Newswires)
Intertek (INTK LN) - 4M (GBP): Revenue 1.09bln (prev. 1.08bln Y/Y). Robust performance exp. in 2025 in line with "our" expectations. (Newswires)
QinetiQ (QQ LN) - FY (GBP): Revenue 1.93bln (exp. 1.93bln), EPS -0.33 (exp. 0.26). Additional GBP 200mln share buyback announced over two years, to commence in June. Cuts FY26 Revenue +3% (prev. guided +3-5%). (Newswires)
Rio Tinto (RIO LN) - CEO Stausholm to step down later in 2025. Succession selection process is underway. (Newswires)
Tullow Oil (TLW LN) - Sale of Gabon and Keya to provide USD 380mln near term. 2025 production guidance unchanged. (Newswires)
22 May 2025 - 07:10- ForexEU Research- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts