Additional European Equity News

Apple (AAPL), TSMC (TSM) - Apple is expected to adopt TSMC's 2-nanometer process technology for its mobile chips by 2026, moving beyond the current 3-nanometer technology, DigiTimes reports. This transition is becoming more feasible as TSMC's progress in 2nm production reports improve, according to industry sources cited by DigiTimes. (DigiTimes)

Babcock (BAB LN) - Co. has been awarded a 5-year British Army contract worth some GBP 1.6bln. (Newswires)

BP (BP/ LN) - Proxy advisor ISS recommends votes for re-election of BP board and management at AGM. (Newswires) 

Deutsche Bank (DBK GY) - Co. is seeking loan participants for Blackstone's bid for Maldives Seaplane operator TMA, according to Bloomberg. (Bloomberg) 

Porsche SE (PAH3 GY) - Group result after tax for the fiscal year 2024 expected to reach approximately minus EUR 20.0bln due to non-cash effective Volkswagen AG (VOW3 GY) impairments. Porsche SE proposes dividend of EUR 1.91 (vs exp. 2.61) per preference share for the fiscal year 2024. (Porsche SE)

Sanofi (SAN FP) - US FDA has granted fast track designation to Sanofi’s mRNA vaccine candidate for the prevention of chlamydia infection. (globenewswire)

Siemens (SIE GY) - Co. is to divest 90% of its wind business in India and Sri Lanka to an investor group led by TPG. (Newswires)

Vistry (VTY LN) - FY (GBP): Revenue 4.33bln (exp. 4.17bln), Operating profit 358.2mln, basic EPS 0.559 (Neswires)

Prysmian (PRY IM) - To acquire US connectivity device manufacturer Channell Commercial for up to USD 1.15bln; the deal includes a USD 950mln base price, with up to an additional USD 200mln contingent on financial performance. Prysmian will fund the purchase via debt and equity, and the deal is expected to close in Q2. Prysmian sees core profit of up to EUR 3.15bln over the next three years, marking a 64% increase from 2024, driven by its acquisition of Channell.

TotalEnergies (TTE FP) - Pursues growth in electricity by launching six new battery storage projects, totalling 221 MW of capacity and representing an investment of EUR 160mln (Newswires)

JD Wetherspoon (JDW LN) downgraded to Sell from Hold at Deutsche Bank

RELX (REL LN) resumed with Buy at Goldman Sachs

Sodexo (SW FP) downgraded to Neutral from Buy at Goldman Sachs

Wartsila (WRT1V FH) downgraded to Hold from Buy at Pareto Securities

26 Mar 2025 - 07:34- EquitiesEU Research- Source: Newsquawk