Additional European Equity News

AstraZeneca (AZN LN) EMA approved Co's COVID antibody drug. (Newswires) 

Bayer (BAYN GY) - Co. reached a EUR 80mln settlement with Ohio over environmental damage claims. (Newswires) 

BP (BP/ LN) - Co. confirms it is to invest GBP 1bln in UK charging. (Newswires) 

Generali (G IM) - Chairman candidate notes of a plan for the insurer which targets double-digit EPS growth. (FT)

Nio (NIO) - Fell 2% in after hours following Q4 results. Q4 EPS -0.21 (exp. -0.21), Q4 revenue USD 1.55bln (exp. 1.53bln). Q4 deliveries +44% Y/Y, +2.4% Q/Q, at 25,034 (including 5,683 ES8s, 12,180 ES6s and 7,171 EC6s). Ended 2021 with deliveries of 91,429 (+109.1% Y/Y). YTD, has delivered 9,652 vehicles in January, 6,131 vehicles in February, representing a growth of 34% and 10% Y/Y. Sees Q1 revenue between USD 1.51-1.57bln (exp. 1.66bln), and sees Q1 deliveries of 25-26K vehicles (which would be +24.6-29% Y/Y)

Deutsche Telecom (DTE GY) - T-Mobile (TMUS) CEO said 2021 was its best year in history with 5.5mln net new customers. "We save a family of four about USD 1,000 a year. We are creating the 5G competition as others are scrambling to keep up," CEO said, adding that almost half of its network traffic is 5G. Elsewhere, 64% of Sprint customers have now transitioned to T-Mobile. (CNBC)

Siemens Healthineers (SHL GY) - Co. is to continue operations in Russia. (Newswires)

Smiths Group (SMIN LN) - H1 (GBP): Revenue +3.7% Y/Y to 1.192bln. Co. maintains FY guidance. recommends an interim dividend of GBO 0.123/shr, +5% Y/Y. (Newswires)

Tele2 (TEL2 BB SS) - Co. expects to complete the divestment of T-Mobile Netherlands (TMUS) in the coming weeks. Co. proposes an extraordinary dividend of SEK 13.00/shr. (Newswires)

Telefonica (TEF SM) - Co. has tapped AZ capital for the sale of its rural fibre unit, could fetch around EUR 2bln. (Newswires) 

United Utilities (UU/ LN) - Current trading is inline. (Newswires) 

Volkswagen (VOW3 GY) - delays launch of ID5 amid the chip shortage. (AutomobilWoche)

Wickes (WIX LN) - FY21 (EUR): Revenue GBP 1.53bln (prev. 1.35bln Y/Y). Adj operating profit 116.3mln (prev. 81.6mln). (Newswires) 

BBVA (BBVA SM) downgraded to Neutral from Outperform at Oddo

Next (NXT LN) upgraded to Buy from Hold at SocGen

Rentokil (RTO LN) upgraded to Outperform from Neutral at Exane BNP

25 Mar 2022 - 07:56- EquitiesResearch Sheet- Source: Newsquawk