Additional European Equity News

Airbus (AIR FP) - Launches the 2nd tranche of the previously-announced buyback. (Newswires)

Anglo American (AAL LN) - Co. is to sell its coal mines within Australia to Peabody for up to USD 3.8bln. Transaction expected to close by Q3-2025. (Newswires)

Aviva (AV/ LN) - Completes GBP 1.7bln buy-in with National Grid (NG/ LN) Electricity's group of electricity supply pensions scheme. (Newswires)

Barclays (BARC LN) - Co. has been fined GBP 40mln by the UK's FCA. (Newswires) 

Carrefour (CA FP) - Brazilian meatpackers, including Minerva Foods and Masterboi, have suspended sales to Carrefour in response to the retailer's decision to stop selling meat produced in Mercosur nations in its French stores, Bloomberg reports. The move follows Carrefour's policy change and has led to tensions with major suppliers. (Bloomberg)

DHL (DHL GY) - One of the Co's cargo plans crashed near Vilnius airport, Lithuania on Monday. (Newswires)

Eurazeo (EUR FP) - Raises EUR 180mln continuation fund to support I-tracing and management team over the next phase. (Newswires)

Greggs (GRGS LN) - CEO says the business plan for 2025 and beyond remains intact, UK budget plans means that there will be tens of millions of pounds of extra costs. Adds, the employee bonus is sacred and will not be reduced to offset budget-related shortfalls. (Newswires)

IHG (IHG LN) - Entered into new agreements with "current issuing and financial services partners to continue providing co-branded IHG One Rewards credit cards in the US"; agreements incl. the one with JPMorgan (JPM). (Newswires)

Kingfisher (KGF LN) - Q3 (GBP) Sales 2.2bln. Tightens FY profit guidance to 510-540mln (exp. 534mln). Expects the near-term market outlook to remain uncertain. (Newswires)

Pharma Names - Swiss voters have given their support to a government proposal to alter health care funding, which could result in more outpatient treatments being selected vs hospitalisation. (Bloomberg)

Rentokil (RTO LN) - CFO Ingall-Tombs is to step down from the board at end-2024, Edgecliffe-Johnson will be the new CFO from January 1st. (Newswires)

Rio Tinto (RIO LN) - Has lifted the force majeure on its alumina exports from the Gladstone refineries in Australia. The company had previously invoked the force majeure in May due to a natural gas supply disruption, but operations have now returned to near normal, according to sources cited by Bloomberg. (Bloomberg)

ThyssenKrupp (TKA GY) - Co. has reportedly promised financing for its steel subsidiary for at least two years, via Der Spiegel. Based on the IDW-S-11 report from independent auditors. (Der Spiegel)

UniCredit (UCG IM) - CEO says interest in Banco BPM is not new to anybody; says our position in Commerzbank (CBK GY) is an investment which will take time to mature Elsewhere, German Finance Minister says he does not expect UniCredit to move ahead with takeover plans for Commerzbank after the German gov't raised objections. (Newswires)

Unilever (ULVR LN) - CEO confirms they are to slim down the food unit but will not be spinning it off, via FT. Intends to "prune" around GBP 1bln in food sales via key brand focus and has confirmed plans to IPO the ice-cream unit. (FT)

JD Sports (JD/ LN) upgraded to Add from Hold at Deutsche Bank

25 Nov 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk