Additional European Equity News

AstraZeneca (AZN LN)/Sanofi (SAN FP) – Nirsevimab has met its Phase III primary endpoint. Separately, for AstraZeneca Tagrisson Adjuvant has received a positive CHMP opinion in the EU. (Newswires)

BP (BP/ LN) – Co. and Reliance have initiated a second new deep-water gas field in the KG-D6 block in India. (Newswires)

Credit Agricole (ACA FP) - Co. has sealed its USD 1bln takover bid for Creval. (Newswires) 

EU Travel & Leisure - EU is reportedly set to allow vaccinated US tourists to visit this summer, according to NYT. In relevant news, German Vice Chancellor Scholz said the government could be in a position next month to set a binding timetable for the re-opening of the economy. (Newswires/New York Times)

Fabege (FABG SS) - Q1 rental income SEK 707mln vs prev. SEK 711mln. Profits from property management SEK 346mln vs prev. SEK 369mln. (Newswires)

Glencore (GLEN LN) - Swiss Foreign Affairs has ended sponsorship agreements for several Cos including Glencore as it "cannot generate a positive image transfer.” (NZZ)

Iberdrola (IBE SM) - Co. is planning a debt programme for up to EUR 5bln. (Expansion)

Pearson (PSON LN) - Q1 global online learning +25% Y/Y, North American courseware +1%, International -2%. Co. said it has been a good start to the year as Co. delivered 5% sales growth in the quarter. Co. maintains guidance. (Newswires)

SSAB (SSABA SS) - Q1 revenue SEK 19.7bln vs prev. SEK 18.7bln. EPS SEK 1.46 vs prev. SEK 0.17. Adj. EBITDA SEK 2.8bln vs prev. SEK 1.3bln. Co. expects demand for steel to be very strong and driven by both underlying demand and by customers restocking. (Newswires)

Steinhoff (SHN GY) – Will proceed with the Pepco IPO in Warsaw. (Newswires)

WM Morrisons (MRW LN) - Paula Vennells is to step down from the board. (Sky News)

26 Apr 2021 - 07:40- EquitiesResearch Sheet- Source: Newsquawk