Additional European Equity News

Aviva (AV/ LN) - Trading Update Q1 (GBP): General Insurance Premiums 2.7bln, +16.2% Y/Y. Remains confident in meeting targets announced in FY23. (Newswires)

Anglo American (AAL LN) - Rough Diamond sales value for De Beers fourth sales cycle of 2024 amounting to USD 380mln. (Newswires)  

Ahold Delhaize (AD NA) - Strategic ambitions for period 2025-28. Maintains a gross capital expenditure cadence of 3% of net sales. (Newswires)  

BMPS (BMPS IM) - Treasury is considering sale of up to 16% of the bank, via an accelarated placement/direct sale, according to Sore 24 ore, citing sources. (Sole 24) 

Darktrace (DARK LN) - Recommended cash acquistion of Darktrace by Luke Bidco. (Newswires) 

German Cos - German Retail Association says it has been lobbying for abolition of UER 150mln duty free limit in EU; import tax exemption of cheap parcel; potentially of note for China's Shein/Temu. (Newswires)

Kesko (KESKOB FH) - To electrify its grocery trade logistics through an investment of nearly EUR 10mln. (Newswires) 

MediaForEurope (MFE IM) - Q1 (EUR): Op. Profit +21.8%, Advertising Revenue 489.2mln, +5.7% Y/Y. Confirms FY guidance. 

National Grid (NG/ LN) - Trading Update: Recommended final dividend of 39.12p to bring FY dividend to 58.2p, +5.55% and in line with policy. Expects Plans to raise about GBP 7bln via a rights share issue. (Newswires) 

Rolls Royce (RR/ LN) - Trading Update: Reduced gross debt position by paying EUR 550mln bond. FY24 guidance unchanged and on track to achieving forecasts. (Newswires)

Stellantis (STLAM IM/STLAP FP) – Intends to cancel ordinary shares acquired via its programme for repurchase of treasury shares of EUR 3bln with exception of portion of up to EUR 0.5bln. Second tranche of programme will start on 23rd May 2024, will end no later than 30th August 2024. (Newswires)

Wizz Air (WIZZ LN) - FY (EUR): Revenue 5.07bln (exp. 5.17bln). FY25: Sees Capacity H1'25 flat. Load factor 92%. Net income for FY25 in range of EUR 500-600mln. (Newswires)

Rightmove (RMV LN) initiated with Buy at Deutsche Bank

23 May 2024 - 07:11- EquitiesEconomic Commentary- Source: Newsquawk

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