Additional European Equity News

Anglo American (AAL LN) - Large Anglo American shareholders are backing the Co's efforts to persuade BHP to change the structure of its takeover proposal before accepting an offer, according to Bloomberg. (Bloomberg)

Acciona (ANA SM) - Expectation for EBITDA 2024 is lower than the level communicated to the market at end of Feb. (Newswires) 

Abdrn (ABDN LN) - Trading Update: Trading and net flows thus far in Q2 have shown similar trends to Q1. Jason Windsor, current CFO is appointed as CEO of the Co.

BNP Paribas (BNP FP) - And Credit Agricole (ACA FP) have backed away from oil and gas bon deals, via the FT. (FT)

Ferrexpo (FXPO LN) - Co. and Salzgitter (SZG GY) to further co-operation; signed MoU for supply of high quality iron ore pellets for low carbon steel production. (Newswires) 

Renault (RNO FP) - Implementation of the share buyback programme; mandate to purchase a max of 2mln Renault shares. (Newswires) 

Tullow Oil (TLW LN) - Net Zero stragetgy expected to generate 1mln tonnes/yr of certified carbon assets. (Newswires) 

Wood (WG/ LN) - Board unanimously rejected a third proposal saying it continued to significantly undervalue the Co. (Newswires) On 15th May 2024: John Wood Group (WG/ LN) notes it unanimously rejected the latest proposal from Sidara on May 15th; offer valued at GBP 2.12/shr 

UK Smoking ban - The proposed Conservative smoking ban will not become law before the general election, according to the FT. (FT) 

Renault (RNO FP) upgraded to Neutral from Sell at UBS 

SEB (SEBA SS) downgraded to Underweight from Equal Weight at Barclays 

Mondi (MNDI LN) upgraded to Buy at Citi 

24 May 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk