Additional European Equity News

Atlas Copco (ATCOA SS) - To expand manufacturing in India with new factory in Pune, India. (Newswires) 

CMC Markets (CMCX LN) - FY trading update: Co noted that subdued trading conditions have continued throughout August, trading and investment net revenues trending 20% lower Y/Y. (Newswires) 

Deutsche Bank (DBK GY) - Looking to boost APAC financing business with new roles, via Bloomberg. (Newswires)

Ericsson (ERICB SS) - Co. and Huawei renew global patent license agreement. With current portfolio of IPR licensing contracts, Ericsson estimates FY23 IPR licensing revenues to be approx. SEK 11bln. (Newswires)

Equinor (EQNR NO) - Production starts six months ahead of schedule for Statfjord Ost project, Co. expects to increase production by 26mln barrels of oil. (Newswires)

Heineken (HEIA NA) - Co. exits its Russian business for a loss of EUR 300mln. (Newswires) 

SAP (SAP GY) - Workday Inc (WDAY) Q1 2024 (USD): Adj. EPS 1.43 (exp. 1.26), Revenue 1.79bln (exp. 1.77bln)

UK Home Builders - CMA says initial assessment shows minority of landlords and letting agents may not be following consumer protection rules, and will probe 5 areas further. Will update its guidance for letting professionals. (Newswires) 

Crest Nicholson (CRST LN) reiterated with Equal Weight at Barclays

Harbour Energy (HBR LN) reiterated with Overweight at Barclays

H&M (HMB SS) upgraded to Buy from Hold at DNB Markets

JC Decaux (DEC FP) assumed with Buy at Deutsche Bank

Watches of Switzerland (WOSG LN) downgraded to Hold from Buy at HSBC

Watches of Switzerland (WOSG LN) downgraded to Hold from Buy at Peel Hunt

25 Aug 2023 - 07:15- Research Sheet- Source: Newsquawk