Additional European Equity News

Babcock (BAB LN) - Q3 Trading Update: "With the vast majority of forecast revenue for the year now contracted, we are confident in delivering on the Board's expectations for FY26 trading, including meeting the FY26 margin target of 8%. Should the Indonesian Arrowhead licenses be delivered in year, this should provide upside to current expectations". Announces that CEO David Lockwood is to retire at the end of the calendar year. The Board has chosen Harry Holt, the current CEO of Babcock's Nuclear sector, as his successor. (Babcock) 

Defence - Czech's CSG is reportedly on track to begin trading with a EUR 25bln valuation on Friday, according to Reuters. (Reuters) 

GSK (GSK LN) - Co. received approval in China for TELEGY. (Newswires) 

HSBC (HSBA LN) - HSBC Chair Nelson is reportedly to join PM Starmer on his trip to China, via Sky News. (Sky News)

Pets at Home (PETS LN) - Confirms CFO Iddon to step down; effective March 27th. (Pets at Home) 

SSP (SSPG LN) - Q1  Trading Update: LFL Sales Growth +5% (prev. 6% Y/Y). Expectations for FY26 remain unchanged. (SSP) 

Computercenter (CCC LN) downgraded to Hold from Buy at Panmure Gordon 

Evoke (EVOK LN) downgraded to Hold from Buy at Deutsche Bank

Renk (R3NK GY) downgraded to Hold from Buy at Deutsche Bank

Schaeffler (SHA0 GY) upgraded to Buy from Hold at Jefferies 

23 Jan 2026 - 07:05- EquitiesEU Research- Source: Newsquawk