Additional European Equity News

ASML (ASML NA) - CTO said the Co's high-NA EUV machines are ready for high volume production. Adds that full integration into manufacturing is expected in the next 2-3 years. (Newswires) 

AstraZeneca (AZN LN) - Received restricted reimbursement approval in Sweden for STRENSIQ. (AstraZeneca) 

Biomeriux (BIM FP) - FY 2025 (EUR): Net Income 552mln (prev. 461mln Y/Y), Revenue 4.1bln (prev. 4.1bln Y/Y). (Biomeriux) 

Hays (HAS LN) - H1 2025 (GBP): Adj. Op. Profit 20.1mln (exp. 20.4mln), Revenue 453.3mln (prev. 496mln Y/Y); CEO to step down. (Hays) 

IAG (IAG LN) - FY 2025 (EUR): Revenue 33.2bln (exp. 33.3bln), Op. Profit 5.02bln, +13.1% Y/Y, Adj. EPS 0.69/shr, +22.4% Y/Y. Outlook: Revenue growth and earnings growth at high margins and high return on capital. Positive outlook for 2026 supported by compelling market dynamics and secular long-term demand. Confident in creating value for our shareholders in the long term. Co. notes that "market dynamics are compelling – secular long-term demand growth in our core markets and constrained supply in a consolidating industry". Co. announced a EUR 1.5bln share buyback. (IAG) 

Intertek (ITRK LN) - Co. to acquire QTEST; no terms. (Intertek) 

Melrose (MRO LN) - FY 2025 (GBP): Revenue 3.58bln (prev. 3.46bln Y/Y), Op. Profit 647mln (prev. 540mln Y/Y). Increase in final dividend to 4.8p taking the full year dividend to 7.2p, growth of 20%. Positive momentum to continue in 2026, with Melrose well positioned to deliver growth in revenue, profit and cash flow towards our 2029 targets. (Melrose) 

Pearson (PSON LN) - Appointed Simon Robson as CFO, effective March 30. (Pearson) 

Rightmove (RMV LN) - FY 2025 (GBP): Revenue 425.1mln (prev. 389.9mln Y/Y), Op. Profit 287.9mln (prev. 256.3mln Y/Y). GBP 90ml share buyback announced. (Rightmove) 

Senior (SNR LN) - Rejected several prelim and non-binding all-cash proposals for the Co. The Board appointed Lazard and Jefferies to initiate discussions with a limited number of third parties regarding a possible offer for the entire issued and to be issued share capital of Senior, to determine the value that could potentially be achieved. Discussions with potential offerors remain ongoing. (Senior) 

Tritax Big Box (BBOX LN) - FY 2025 (GBP): Net Rental Income 305.3mln (exp. 323mln), Op. Profit 281.6mln (prev. 265.3mln Y/Y). (Tritax Big Box)

UBS Group (UBSG SW) - UBS nominated former head of the BIS Agustin Carstens, and Apple (AAPL) vice president Luca Maestri to its board, after current board members William Dudley and Jeanette Wong decided not to stand for re-election. (Bloomberg)

HSBC (HSBA LN) downgraded to Sell from Hold at Shore Capital 

Sandoz (SDZ SW) downgraded to Underweight from Equal Weight at Morgan Stanley

Sandoz (SDZ SW) downgraded to Hold from Buy at Deutsche Bank

Segro (SGRO LN) downgraded to Neutral from Buy at Goldman Sachs

WPP (WPP LN) upgraded to Equal Weight from Underweight at Barclays 

27 Feb 2026 - 07:10- EquitiesEU Research- Source: Newsquawk