Additional European Equity News

Airlines - ANA (9202 JT) is reportedly set to purchase at least 77 Boeing (BA), Airbus (AIR FP), and Embraer (ERJ) jets, according to Bloomberg. (Bloomberg)

CMC Markets (CMCX LN) - CFO Soleiman will step down, effective immediately. (Newswires)  

Croda (CRDA LN) - FY (GBP): Adj. Operating Profit 279.7mln (exp. 271mln), sales 1.628bln (exp. 1.636bln), Pre-tax Profit 207.8mln (exp. 251.2mln), FY dividend of 1.1/shr, expect group adjusted PBT to be between 265mln and 295mln at constant currency, consumer care and life sciences to grow sales in 2025. (Newswires) 

European EV Sales - European EV sales rose 37% in January as automakers promoted battery-powered models to meet stricter emissions rules, Bloomberg reports. Deliveries increased in Germany, the UK, and Italy, while overall car sales fell 2.1% due to declining demand for plug-in hybrids, petrol, and diesel vehicles. (Bloomberg)

Smith & Nephew (SN/ LN) - FY (USD): Revenue 5.81bln (exp. 5.77bln); Q4: Net Income 1.05bln (prev. 970mln Y/Y), Revenue 1.57bln (prev. 1.46bln Y/Y). Guides Q1 Rev. +1-2% Y/Y. (Newswires)  

Tesla (TSLA) - Tesla's European sales fell 45% in January to 9,945 units, down from 18,161 a year earlier, despite a 37% industrywide EV sales increase, Bloomberg reports. Rival carmakers gained market share, particularly in Germany and the UK, as Tesla faced challenges with SUV model transitions and political headwinds, the report adds. (Bloomberg)

STMicroelectronics (STMPA FP) - Italy seeks to remove CEO Chery over "poor performance" (Blomberg)

Unilever (ULVR LN) - CEO to step down on March 1st, Co. reaffirms 2025 outlook and medium-term guidance  Fernando Fernandez to succeed Hein Schumacher as CEO. (Newswires) 

UK Energy -  UK Energy Regulator Ofgem announces its energy price cap will go up by 6% (exp. 5%) from 1 April, taking the typical gas and electricity bill to GBP 1,849 per year, via LBC News. (LBC News)

Unite Group (UTG LN) - FY (GBP): Adj. Net income 213.8mln (exp. 226.9mln), adj. EPS 0.466 (exp. 0.46), EPRA NTA/shr 9.72. Guides initial FY25 Adj. EPS 47.5-48.25p. (Newswires) 

B&M European (BME LN) upgraded to Equal Weight from Underweight at Morgan Stanley 

H&M (HMB SS) downgraded to Equal Weight from Overweight at Barclays

Renault (RNO FP) downgraded to Hold from Buy at Jefferies 

25 Feb 2025 - 07:10- ForexEU Research- Source: Newsquawk