Additional European Equity News

AJ Bell (AJB LN) - H1 (GBP) net inflows 3.2bln (prev. 2.9bln Y/Y); Revenue 153.2mln (prev. 131.3mln). (Newswires) 

Assura (AGR LN) - Board has decided to adjourn the Court meeting required to implement the cash offer from PHP. (Newswires) 

Bayer (BAYN GY) - Eylea 8mg extended 6month treatment interval recommended for approval in the EU. (Newswires) 

Crypto - Major US banks, including JPMorgan (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) are in talks to jointly issue a stablecoin via entities like Early Warning Services and the Clearing House, WSJ reports. The move aims to counter growing crypto competition and bolster control over digital payments infrastructure. (WSJ) 

Games Workshop (GAW LN)- FY24/25 Trading Update (GBP): Prelim PBT "more than" 235mln. Expects record FY profit and licensing revenue. (Newswires) 

Novo Nordisk (NOVOB DC) - Study shows that GLP-1 diabetes drugs may reduce cancer risks slightly. (Newswires) 

Orange (ORA FP) - Co. signs MoU with Credit Cooperatif regarding possible acquisition of Fintech Anytime. (Newswires) 

UK Retail - UK Retail Sales MM (Apr) 1.2% vs. Exp. 0.2% (Prev. 0.4%, Rev. 0.1%); ONS suggested Food store sales volumes grew strongly in April 2025, which retailers attributed to the good weather. (ONS)

Adidas (ADS GY) upgraded to Buy from Hold at DZ Bank 

Continental (CON GY) downgraded to Hold at Jefferies 

Games Workshop (GAW LN) upgraded to Add from Buy at Peel Hunt 

Michlen (ML FP) upgraded to Buy at Jefferies

23 May 2025 - 07:12- EquitiesEU Research- Source: Newsquawk