Additional European Equity News

Dassault Aviation (AM FP) - Received certification from the European Aviation Safety Agency and the US FAA re. the Falcon 6x. (Newswires)

FTSE 100 Quarterly Review - Indicative changes - Additions: Dechra Pharma. (DPH LN), Diploma (DPLM LN), Hikma Pharma. (HIK LN), Marks & Spencer (MKS LN). Deletions: Abrdn (ABDN LN), Johnson Matthey (JMAT LN), Persimmon (PSN LN), RS Group (RS1 LN). The formal review will be based on data from 29th August and announced after the close on 30th August. (FTSE)

GSK (GSK LN) - Shingrix data demonstrates 100% efficacy in China. (Newswires)

Kesko (KESKOB FH) - Acquires the Danish builders merchant Davidsen. (Newswires)

Reckitt (RKT LN) - Names Shannon Eisenhardt as new CFO Designate, effective October 17th. (Newswires)

SAP (SAP GY) - Employee survey at SAP shows confidence in the executive board is dwindling, via Handelsblatt; complaints include insufficient money. (Handelsblatt)

Swiss Insurance Names - Swiss regulator Finma says transparency and information provided when concluding life insurance policies are often insufficient and Finma will use supervisory activities in the area. (Newswires)

Adyen (ADYEN) downgraded to Neutral from Buy at Redburn Partners

Crest Nicholson (CRST LN) reiterated with Underweight at JP Morgan Chase

GN Store Nord (GN DC) downgraded to Hold from Buy at Kepler Cheuvreux

John Wood (WG LN) upgraded to Buy from Hold at Peel Hunt

Pennon Group (PNN LN) reiterated with Sector Perform at RBC

Severn Trent (SVT LN) reiterated with Sector Perform at RBC

SSE (SSE LN) reiterated with Outperform at RBC

Talanx (TLX GY) downgraded to Hold from Buy at HSBC

United Utilities (UU LN) reiterated with Sector Perform at RBC

23 Aug 2023 - 07:30- EquitiesResearch Sheet- Source: Newsquawk