Additional European Equity News
Associated British Foods (ABF LN) - Trading Update Q1: Revenue 6.73bln, -2.2% Y/Y or +0.5% at constant currency. Primark Sales +2% with good growth in key markets; remains confident in Primark proposition. Primark is now targeting low-single digit sales growth in 2025. (Newswires)
Altair Engineering (ALTR), Siemens AG (SIE GY) - Altair Shareholders approved the proposed merger with Siemens Industry Software following a special meeting. (Newswires)
Bankinter (BKT SM) - FY (EUR): NII 2.2bln (exp. 2.28bln), Net Profit 953mln (exp. 934mln). (Newswires)
CMC (CMCX LN) - Q3 Trading Update: Group remains on track to achieve annual net op. income in line with prev. guidance. (Newswires)
IG (IGG LN) - H1 FY25 (GBP): Net Trading Revenue 451.7mln (prev. 402.4mln Y/Y), Total Revenue 522.5mln (exp. 504mln, prev. 472.6mln Y/Y), Interim dividend 13.86p (prev. 13.56p Y/Y). Extending share buyback programme to GBP 200mln (prev. GBP 150mln); to be completed by H2'25. Remains confident in meeting consensus rev. and PBT expectations in FY25. (Newswires)
Investor (INVEB SS) - Q4 (SEK): Adj. Debt 12.19bln (prev. 13.98bln Y/Y), US performs relatively well, while Europe continues to struggle. (Newswires)
SSP (SSPG LN) - CFO Jonathan Davies to retire and Verellen to be names CFO designate, effective early April 2025. (Newswires)
Spectris (SXS LN) - FY24 Trading Update: Notes of strong Q4; adj. op profit for FY24 exp. to be above a consensus and at the upper end of the range of analyst expectations. (Newswires)
Sandvik (SAND SS) - Q4 (SEK): Revenue 32.15bln (exp. 32.05bln). Proposes a dividend of SEK 5.75/shr (prev. 5.5/shr). (Newswires)
Shell (SHEL LN) - Huibert Vigeveno, director of downstream and renewables to step down; Andrew Smith to replace. (Newswires)
Logitech (LOGN SW) upgraded to Equal Weight from Underweight at Morgan Stanley
Telenor (TEL NO) upgraded to Market Perform from Underperform at Bernstein
Nemetschek (NEM GY) downgraded to Add from Buy at Baader Helvea
Orange (ORA FP) downgraded to Market Perform from Outperform at Bernstein
23 Jan 2025 - 07:20- EquitiesEU Research- Source: Newsquawk
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