Additional European Equity News

BBVA (BBVA SM) - Resolved payment of cash interim dividend of EUR 0.29/shr to be paid on Oct 10. (Newswires) 

Diageo (DGE LN) - Trading commentary ahead of AGM 2024: Expectations are unchanged; consumers continue to be cautious in this environment. (Newswires) 

Evotec (EVT GY) - Co. and Novo Nordisk (NOVOB DC) enter into tech development partnership to support next-gen cell therapies. Received undisclosed R&D funding. (Newswires) Shares +5% in pre-market trade 

Hargreaves Lansdown (HL/ LN) - Declares dividend  of 30p/shr. (Newswires) 

Halma (HLMA LN) - Trading update: Maintains FY guidance for March'25. (Newswires) 

H&M (HMB SS) - Q3 (SEK): Sales 59.01bln (exp. 60.66bln), Op. Profit 3.50bln (exp. 4.92bln). Has decided to buy back shares for SEK 1bln, starting on 26 September 2024 and continuing until no later than 26 November 2024. "we estimate that this year’s operating margin will be lower than 10 percent. The cost of markdowns in relation to sales in Q3 2024 increased somewhat compared with a year ago. There was a significant increase in marketing costs in Q3. External factors have impacted our sales revenue and purchasing costs more than we expected". Says for goods which are to be sold in Q4 the overall effect of external factors is expected to be negative Y/Y. (Newswires) 

Mutares (MUX GY) - Gotham City writes "another attempt at a failed premise, but with an accounting irregularity and a circular twist". (GothamCity) Within this Gotham City announces that it has a short position corresponding to 1.094% of the issues capital.

Nordex (NDX1 GY) - Received first order in Latvia worth 109MW. (Newswires) 

Pennon (PNN LN) - Trading statement: Targets GBP 86mln savings through a restructuring programme. FY24/25 outlook for Southwest water sees a continuation of lower customer demand. (Newswires) 

Segro (SGRO LN) - Confident in outlook for remainder of the year and beyond. (Newswires) 

Telia (TELIA SS) - Financial ambitions for the 2025-27 period: Service revenue CAGR of 2%, like for like  Adjusted EBITDA CAGR of 4%, like for like  CAPEX, excluding fees for licenses, spectrum and right of use assets below SEK 14bln/year. (Newswires) 

GEA (G1A GY) upgraded to Overweight from Equalweight at Morgan Stanley

Ubisoft (UBI FP) downgraded to Hold from Buy at Deutsche Bank 

26 Sep 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk