Additional European Equity News

Autos - The EU commission say the EU and China agree to further technical negotiations on EVs. (Newswires) 

BNP Paribas (BNP FP) - South Korea is reportedly to indict the Co. for illegal short selling, via Bloomberg citing sources. (Newswires)

Boohoo (BOO LN) - In response to Frasers, Board is focused on ensuring it takes right steps to drive the Co. in the interest of all shareholders. (Newswires) 

Covestro (1COV GY) - ADNOC has commenced the acceptance period for its voluntary takeover. Period ends on 27th November. Board of Covestro welcomes the offer. (Newswires)

Electrolux (ELUXB SS) - Q3 (SEK): Adj. EBIT 717mln (exp. 900mln), Revenue 33.3bln (prev. 33.4bln Y/Y). (Newswires)

Mercedes-Benz (MBG GY) - EV demand within Europe is "far lower than ever expected", seeing good momentum on plug-ins. Adds, 2025 looks demand and challenging around CO2 regulation. (Newswires)

NatWest (NWG LN) - Q3 (GBP) Pretax op. profit 1.67bln (exp. 1.48bln), NII 2.9bln (exp. 2.8bln); Sees FY ROTE above +15% (prev. guided above +14%). Net income 1.17bln (exp. 998.9mln).  Non-interest income 845mln (exp. 800.3mln). (Newswires) 

Poste Italiane (PST IM) - Italy's banking foundations are interested in the stake sale of the Co. but the share that is available is not big enough, according to La Repubblica. (La Repubblica)

UMG (UMG NA) - Universal Music Italy signs strategic global distribution deal with Websolute and DNA for children's entertainment content. (Newswires) 

Yara (YAR NO) - Q3 (USD): Adj. EBITDA 585mln (exp. 473mln), Net Income 286mln (exp. 131mln). (Newswires) 

Renk (R3NK GY) upgraded to Buy from Neutral at Citi Shares +3.3% in pre-market trade.

25 Oct 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk