Additional European Equity News

Airtel Africa (AAF LN) - Sunil Bharti Mittal informed the Board his intention to retire as Chair of the Board. (Airtel Africa)

Asos (ASC LN) - Trading Update: GMV -9% YoY, with sequential quarterly improvement of +4ppts Q4 2025 to Q1 2026, followed by a further +2ppts in Q2 2026. Co. affirms FY26 outlook. (Asos) 

BT (BT/ LN) - Openreach expands partnership with Google Cloud to enhance fiber broadband deployment. (Newswires)   

BP (BP/ LN) - Australia has introduced legislation to double fines for fuel gouging amid recent shortages. A move which follows an investigation into anti-competitive behaviour from the likes of BP and others. (Newswires) 

Crest Nicholson (CRST LN) - Q1 Trading Update: Group has seen a sustained improvement in the sales rate since the middle of January. Affirms outlook. The Group is yet to see any material trading impact from the wider macroeconomic shock of recent weeks. (Crest Nicholson)

Diageo (DGE LN) - Diageo subsidiary United Spirits Limited announces full divesture of its stake in Royal Challengers Sports Pvt Ltd,  for a total consideration of INR 166.6bln. (Diageo)  

Orange (ORA FP) - Orange enters into exclusive negotiations with Verdoso with a view to a possible divestment of Globecast. (Orange) 

RS1 Group (RS1 LN) - Trading Update: Full year 2025/26 adjusted profit before tax marginally ahead of expectations. APAC is showing continued momentum, and we expect it to deliver increased revenue growth in H2 2026 when compared to H1 2026. (RS1 Group) 

United Utilities (UU/ LN) - Trading Update: The Group expects underlying EPS for 2025/26 to be in line with guidance at around 100 pence, before the accounting change noted below. As at the date of this statement, we are fully hedged for Summer 2026 and over 90% hedged for Winter 2026/27. (United Utilities)

Lanxess (LXS GY) upgraded to Overweight from Underweight at JPMorgan  

Nemetschek (NEM GY) upgraded to Buy from Hold at Bankhaus Metzler