Additional European Equity News

Assa Abloy (ASSAB SS) - Q1 (SEK): EBIT 5.65bln (exp. 4.81bln), Revenue 37.9bln (exp. 37.6bln). (Newswires) 

Babcock (BAB LN) - FY25 Trading Update: Strong underlying op. profit and cash flow performance. (Newswires) 

Croda (CRDA LN) - Q1 Revenue +8% Y/Y. 2025 outlook unchanged. (Newswires) 

Fresnillo (FRES LN) - Production Report: Q1 gold production +10.8% Y/Y, -23.5% Q/Q, Q1 silver production -9.7% Q/Q, 2026 and 2027 expected production unchanged, Co. says it has started 2025 in line with expectations

Reckitt (RKT LN) - Q1 Trading Update (GBP): Revenue 3.68bln (exp. 3.69bln), LFL Sales +1.1% (exp. +1.78%). Limited imports from China into US. In H2, growth is exp. to be more balanced across all three areas with North America returning to growth. (Newswires) 

THG (THG LN) - Confirms it received and rejected a wholly unsolicited, largely unfunded proposal from Selkirk to acquire MyProtein. (Newswires)

Valmet (VLMT FH) - Q1 (EUR): Net Revenue 1.18bln (exp. 1.23bln). (Newswires) 

Bunzl (BNZL LN) downgraded to Hold from Buy at Stifel 

Boohoo (BOO LN) upgraded to Hold from Sell at Shore Capital 

Elisa (ELISA FH) downgraded to Hold from Buy at Kepler 

Sainsbury's (SBRY LN) downgraded to Hold from Buy at Kepler 

Telenor (TEL NO) downgraded to Sell from Hold at DNB Markets 

Vodafone (VOD LN) downgraded to Underweight from Neutral at JP Morgan