Additional European Equity News

Assa Abloy (ASSAB SS) – Q1 strong sales growth of 9% driven by very strong net acquired growth of 11%, partly offset by an organic sales decline of -2%. (Newswires)

Aviva (AV/ LN) - Confident in the future of the business. Aims to deliver GBP 100mln of health operating profit by 2026, underpinned by continued top-line growth and maintaining strong underwriting profitability. (Newswires) 

Abdrn (ABDN LN) – Q1 Net outflows were GBP 6.2bln including 1.8bln of net outflows from liquidity. (Newswires)

Bunzl (BNZL LN) – Trading Statement: Revenue in Q1 -2.4%; maintains profit guidance for the year. (Newswires)

Casino (CO FP) - Announced new transformation plan; a EUR 1.2bln investment project was announced to modernise stores by 2028. (Newswires) 

Croda (CRDA LN) – Trading Update: Sales 409mln, -10%. On track to meet prev. guidance. (Newswires)

Ericsson (ERICB SS) – Co. and FIRST AT IIT Kanpur form strategic partnership. (Newswires)

Eni (ENI IM) – Q1 (EUR): Adj. Net profit 1.58bln (Co. consensus 1.56bln), Production 1.74 MBOE/D (Co. consensus 1.71 MBOE/D). (Newswires)

Fresnillo (FRES LN) – Q1’24 Production Report: Quarterly attributable silver production of 13.5moz, -4.6% Q/Q. Gold production of 140.8koz, -7.7% Q/Q, -18.6% Y/Y. (Newswires)

GSK (GSK LN) - GSK Says U.S. FDA Accepts New Indication Filing For Jemperli. (GSK)

Iberdrola (IBE SM) - Q1 net 2.76bln (exp. 1.82bln). EBTIDA 5.86bln (prev. 4.07bln). Investments 2.38bln (+36% Y/Y). (Newswires) 

Ithaca (ITH LN) – Has agreed to buy nearly all of Eni (ENI IM) UK-based oil and gas for about GBP 754mln. (Newswires)

Novartis (NOVN SW) – Co. was hit with a lawsuit by people with autism, who claim the drugmaker illegally promoted an asthma drug for treatment of labour despite knowing it was ineffective and could cause abnormal fetal brain development. (Newswires)

Reckitt (RKT LN) - Q1 LFL sales +1.5% (exp. -1.4%). On track for FY delivery, and net revenue performance in line with Co. expectations. Reiterates 2024 outlook. (Newswires)

Outokumpu (OUT1V FH) – To close Dahlerbruck and Hockenheim sites in Germany. (Newswires)

Skanska (SKAB SS) – Signs contract re. manufacturing facility in US for USD 94mln. (Newswires)

UBS (UBSG SW) - Hedge fund Appaloos is suing Credit Suisse for over the AT1 bond wipeout last year. (Newswires) 

Wallenstam (WALLB SS) – Q1 (SEK): Profit after tax 333mln. (Newswires)

24 Apr 2024 - 07:38- EquitiesResearch Sheet- Source: Newsquawk