Additional European Equity News

Becthle (BC8 GY) - Q1 (EUR): Revenue 1.46bln, -3% Y/Y. (Newswires) 

Evoke (EVOK LN) - Q1 (GBP): Revenue 437.2mln (prev. 431.2mln Y/Y). No change to FY guidance. (Newswires) 

Safran (SAF FP) - CEO says China is resisting paying tariffs on aircraft parts incl. engines. (Newswires) 

WPP (WPP LN) - Q1 (GBP): LFL Adj. Revenue -2.7% (exp. -2.3%), Revenue 3.42bln, -0.7% LFL. Continues to see around flat headline op. profit margin for 2025. Says Q1 performance is consistent with expectations. (Newswires) 

UK Retail Sales - UK Retail Sales MM (Mar) 0.4% vs. Exp. -0.4% (Prev. 1.0%, Rev. 0.7%); ONS says Retail Sales will contribute 0.08ppts to GDP in Q1 2025. Clothing and outdoor retailers reported good weather boosted sales; supermarkets reported a fall. (Newswires) 

BE Semi (BESI NA) upgraded to Buy from Hold at Deutsche Bank 

Volkswagen (VOW3 GY) upgraded to Equal Weight from Underweight at Morgan Stanley