Additional European Equity News

Beazley (BEZ LN) - Trading Statement: Q3 IWP 4.67bln, +1% Y/Y. 2025 IWP Growth Exp. to be flat to low single digits. Growth running at low end of guidance and below level delivered in H1. (Beazley)   

BP (BP/ LN), Shell (SHEL LN), Harbour (HBR LN) - An announcement on North Sea energy licenses is expected on Wednesday, to coincide with the Budget, via Politico citing sources; an official cited says there is likely to be a "pragmatic" shift on policy.  Looking at allowing oil & gas exploration on existing fields (tiebacks) and loosening rules around investment relief.  A Rosebank decision could also occur this week. (Politico)

Cranswisk (CWK LN) - H1 Trading Update (GBP): Rev 1.47bln (prev. 1.41bln Y/Y); FY 2026 remain in line with board expectations. LFL Rev +7.9% Y/Y. (Cranswisk) 

Compass (CPG LN) - FY25 (USD): Revenue 46.1bln (prev. 42.1bln Y/Y), EPS 1.32 (prev. 1.19bln Y/Y). Guides initial FY26 Underlying Profit Growth 10%. (Compass) 

Eutelsat (ETL FP) - Co announces today the launch of a EUR 670mln rights issue as part of its EUR 1.5bln capital raise. Subsciption price set at EUR 1.35/shr. (Newswires)

EasyJet (EZJ LN) - FY (GBP): Pretax Profit 650mln (prev. 610mln Y/Y), Revenue 10.1bln (exp. 10.1bln). Outlook FY26: ASK Capacity to grow by circa. 7% with avg. sector length increase of around 4%. Proposed dividend is 20% of FY25 Headline PAT payable in early 2026. CASK is expected to see modest inflation. Airline PBT Performance, especially over the winter, has been more challenging to improve at a rate originally expected. (Newswires)   

Flight Names - UK MPs have reportedly backed Heathrow's proposal to construct a new runway over the M25, despite airlines cautioning on the additional cost, via FT citing sources. Decision set to be announced on Tuesday. (FT) 

Kingfisher (KGF LN) - Issues Q3 trading update; Rev (GBP) 3.25bln (exp. 3.21bln). (Newswires) 

Intertek (ITK LN) - Trading Statement: LFL Rev. Growth of 4.1% in July-Oct. On track to meet exp. For FY. (Newswires)   

Next (NXT LN) - Divests land at Waltham Abbey for EUR 54.1mln; Increases cash surplus available for shareholders distributions in the current year.   

STMicroelectronics (STM FP) - Unveils secure NFC chips designed to make home networks faster and easier to install and scale, leveraging the latest Matter smart home standard. (STMicroelectronics)

Standard Chartered (STAN LN) - Signapore Court clears has dismissed the bank's application to clear a lawsuit brought onto it. The lawsuit claims Standard Chartered enabled fraud causing losses of around USD 2.7bln. (Newswires)

Vodafone (VOD LN) - Co. announces multiyear strategic collaboration with Google Cloud to boost Africa’s AI development. AXA IM Alts acquires 40% of FiberPass from Vodafone Spain & Telefonica Espana; Vodafone will generate upfront proceeds of EUR 0.4bln from the transaction. (Vodafone)

Wendel (MF FP) - Acquires Committed Advisors; No terms disclosed. (Newswires)

UK Food/Beverage Names - UK Health Secretary is expected to announce plans to lower the threshold for the Soft Drinks Industry levy from 5g to 4.5g of sugar per 100ml, via Mirror citing sources. Additionally, the tax will include milkshakes and pre-packaged coffee for the first time, with milk-based drinks to no longer be exempt. (Mirror)

UK Supermarkets - Cos will reportedly not get a reprieve from higher business rates in the UK Budget, via FT citing sources. The premises of grocers will reportedly no longer be exempt from the top band of business rates. (FT) Of note for the likes of Tesco (TSCO LN), Sainsbury's (SBRY LN) & more

L'Oreal (OR FP) upgraded to Buy from Neutral at Rothchild & Co Redburn 

25 Nov 2025 - 07:24- ForexEU Research- Source: Newsquawk