Additional European Equity News

Accor (AC FP) - Announced it has entered exclusive negotiations with Andera Partners and partner investors to acquire 63% stake in Potel & Chabot and become a sole shareholder of the company. (Newswires) 

Air Liquide (AI FP) - Announced an investment of close to USD 200mln in two advanced material production centres in Taiwan and South Korea, facilities expected to start production in 2024 and 2025. (Newswires)

Atoss (AOF GY) – H1 (EUR): Revenue 73.2mln (prev. 53.6mln), Cloud backlog 56.3mln (prev. 43.3mln), EBIT 33% (prev. 26%). Outlook for FY23. Total Revenues 142mln (prev. 135mln), EBIT Margin 30% (prev. 27%). Anticipates 2024 Revenue 160mln and 190mln 2025. (Newswires)

Compass Group (CPG LN) – On 21st July, entered an agreement with Barclays enabling the purchase of up to GBP 500mln of ordinary shares between 24th July and 14th November. As part of the buyback operation announced in May. (Newswires)

Easyjet (EZJ LN) - Said it was operating flights as normal to Rhodes but was closely monitoring the wildfires on the Greek Islands. (Newswires)

Generali (G IM) - A number of international groups are in the running to buy TUA assicurazioni from the Co., according to Reuters citing sources. (Newswires)

Housing Names - Sunak renews UK housebuilding pledge of building 1mln new homes and is expected to set out measures to streamline planning system. (Newswires)

KPN (KPN NA) – Q2 (EUR): Adj. Revenue 2.664bln, +1.8bln, Net Profit 216mln, +16% YY. Intends to pay regular dividends of 0.15/shr over 2023, an interim dividend of 5.2/shr will be paid on 1 August 2023. (Newswires) 

Ocado (OCDO LN) - Will be paid GBP 200mln after winning a legal battle against Norwegian rival that accused the Co. of infringing its automation patents. (Telegraph)

Orsted (ORSTED DC) – Divests its remaining 25% share of London Array to funds managed by Schroders Greencoat, total transaction value of GBP 717mln. (Newswires)

Pandora (PNDORA DC) – Ako Capital holds a 0.6% short position. (Newswires)

Skanska (SKAB SS) - Awarded SEK 730mln contract to redevelop the Clayton University Centre in USA. 

UBS (UBS SW) - Swiss Government planned to install Ermotti as Credit Suisse chair, according to the FT. (FT)

Beijer (BEIJB SS) initiated with Buy at Jefferies 

Continental (CON GY) upgraded to Hold from Sell at Bankhaus Metzler

DKSH (DKSH SW) upgraded to Outperform from Neutral at BNP Paribas

Evolution (EVO SS) downgraded to Hold from Buy at Deutsche Bank 

Flughafen Zuerich (FHZN SW) upgraded to Overweight from Equal Weight at Barclays 

Lotus Bakeries (LOTB BB) initiated with Neutral at BNP Paribas

Persimmon (PSN LN) upgraded to Neutral from Sell at Citi

Rockwool (ROCKB DC) upgraded to Neutral from Underperform at BNP Paribas 

24 Jul 2023 - 07:10- EquitiesExclusive- Source: Newsquawk