Additional European Equity News

Associated British Foods (ABF LN) – Trading Update HY (GBP): Revenue 9.73bln, Op. Profit 951mln. Strong retail sales growth in HY and further margin recovery with Revenue up 7.5% to 4.5bln. Significant increase in interim dividend to 20.7p, reflecting growth in earnings. Expects Primark to continue to perform well in H2. Continue to monitor situation in Red Sea, but does not expect any significant disruption to supply chain. (Newswires)

AstraZeneca (AZN LN) - Voydeya approved in the EU as add-on treatment to ravulizumab or eculizumab for adults with the rare disease PNH who have residual haemolytic anaemia. (Newswires) 

Epiroc (EPI SS) – Q1 (SEK): EBIT 2.76bln (exp. 3.0bln), Revenue 14.1bln (exp. 14.4bln). (Newswires)

Huthamaki (HUH1V FH) – To consolidate its production footprint in Malaysia. (Newswires)

Boliden (BOL SS) – Q1 (SEK): Revenue 18.48bln (exp. 18.68bln), EBIT 1.61bln (exp. 1.54bln). Political strikes in Finland have had an estimated SEK -400mln effect on op. profit. FCF was negatively impacted by 1.5bln. (Newswires)

Grifols (GRF SM) - Notes of private offering of EUR 1bln of senior secured notes. Full proceeds will be used to redeem Co's senior unsecured notes due in May 2025. (Newswires) 

JD Sports (JD/ LN) - Co. agreed to purchase Hibbett Sports (HIBB) for USD 87.50/shr (vs USD 72.49 close on Monday).(Newswires) Hibbett held a USD 855mln market cap on Monday's close.   

Stellantis (STLAM IM/STLAP FP) - Co. laid off 199 workers at its Detroit plant, to trim its headcount. (Newswires) 

Telefonica (TEF SM) - Informs on the results of the public delisting acquisition offer for the shares of Telefonica Deutschland; it reached approx. 96.85% of Co's share capital and voting rights. Delisting offer expected to settle on 29 April 2024. Total considering of approx.. EUR 175mln, funded entirely with cash. (Newswires) 

Taylor Wimpey (TW LN) – Trading Update: Spring selling season progressing as expected, FY24 guidance reiterated. (Newswires)

Galp Energia (GALP PL) upgraded to Outperform from Neutral at BNP Paribas

23 Apr 2024 - 07:44- EquitiesData- Source: Newsquawk