Additional European Equity News
3i Group (III LN) – Q1 sales EUR 1.688bln, +31%; EBITDA EUR 205mln. (Newswires)
Atlantia (ATL IM) - Co's Autostrade is being probed for failing to lower tolls as ordered by regulators. (Newswires)
Banca Monte Dei Paschi (BMPS IM) - Former top investor said on Wednesday they had reached a preliminary accord to settle their legal disputes. (Newswires)
Bankinter (BKT SM) - H1 net EUR 1.14bln vs exp. EUR 1.0bln. NII EUR 639mln vs prev. EUR 612mln. CET1 ratio +44bps. (Newswires)
Bouygues (EN FP) - Co. won a contract to manage the flow of logistics during the 2024 Paris Olympics. (Newswires)
Britvic (BVIC LN) – Q3 revenue GBP 384mln vs exp. GBP 379mln; YTD revenue GBP 1.00bln, +3.1%. Anticipate making further progress through remainder of year and delivering profit within the range of current expectations. (Newswires)
Centamin (CEY LN) - Q2 revenue USD 177.5mln vs exp. USD 190mln Q2 gold production 100k/oz, on track for FY guidance. No material disruptions in Q2 from COVID at the Sukari or West Africa sites. (Newswires)
Centrica (CNA LN) – H1 revenue GBP 8.2bln, +6.05; adj. operating profit GBP 262mln, -1.0%. Making progress towards pursuing an alternative Spirit Energy sale option. FY21 outlook broadly unchanged, no interim dividend declared. Expect a further 1k jobs to be removed over the year as part of their restructuring plan. (Newswires)
Daily Mail & General Trust (DMGT LN) – Q3 revenue GBP 278mln. 9-month revenue GBP 858mln, -3.0%. Performance as expected given market conditions. (Newswires)
Generali (G IM) - Shareholders representing 16% of General are said to be ready to ask the Co's executive not to present a 2022-24 business plan, in what has been framed as a leadership challenge. (La Repubblica)
Mediobanca (MB IM) - Caltagirone has further raised his holding in to 5% from 3%, according to a filing. (Newswires)
Morrisons (MRW LN) – Declares a special dividend of GBP 0.02/shr. Co. and Fortress have been engaging in discussions with trustees following the offer; directors consider the Fortress offer in the best interest of shareholders and recommend they unanimous vote in favour of the deal. (Newswires)
NatWest (NWG LN) – UK Government intends to sell NatWest shares via the trading plan, selling up to 15% of the aggregate total trading volume of the Co. over the trading plan's scheduled duration. The earliest sale will occur from is August 12th. (Newswires)
SSE (SSE LN) - Total renewable output 1.72KGWh vs prev. 1.98KGWh. Co. announced FY capex at GBP 2bln. (Newswires)
Stellantis (STLA IM/FP) - Co. notes that constrained production will easily drag into 2022 due to the chip shortage. (Newswires)
Technip Energies (TE FP) - H1 adj. revenue EUR 3.24bln vs prev. EUR 3.01bln. Adj. recurring EBIT EUR 204.5mln vs prev. EUR 164.2mln. Co. raised its recurring EBIT margin for 2021. (Newswires)
Telecom Names - Orange (ORA FP), Telefonica (TEF SM), Vodafone (VOD LN) have together paid over EUR 1bln during Spain's 5G auction. (Newswires)
Unilever (ULVR LN) - H1 revenue EUR 25.79bln vs exp. EUR 25.73bln. Adj. operating profit EUR 4.85bln vs exp. EUR 4.80bln. Q2 underlying sales +5% vs exp. +4.93%, pricing +1.6% vs exp. +1.63%, volume +3.3% vs exp. +3.23%. The Co. notes that the operating environment across markets has seen some improvements but remain volatile. Chinese markets have stabilised but growth remains below pre-COVID levels. Co. cuts 2021 underlying operating margin outlook. (Newswires)
Vodafone (VOD LN) – Vodafone Spain has acquired 2x10 MHz of spectrum to expand their 5G services for EUR 350mln. (Newswires)
SAP (SAP GY) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT ODDO SECURITIES