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 

22 Jul 2021 - 07:39- EquitiesResearch Sheet- Source: Newsquawk