Additional European Equity News

Anglo American (AAL LN) - Sishen and Kolomela mines achieve Irma 75. (Newswires) 

AstraZeneca (AZN LN) - Co. first and only RSV preventative option for broad infant population for use in Japan. (Newswires) 

Barclays (BARC LN) - Co. reports that its payments systems and banking apps are fully operational following a glitch on Tuesday evening. (BBC)

CMC Markets (CMCX LN) - Expects FY24 net op income to exceed top end of prev. guided range between GBP 290-310mln. (Newswires) 

Deliveroo (ROO LN) – Will commence a share purchase programme of up to GBP 30mln to acquire Class A ordinary shares of 0.50p each. (Newswires)

Diploma (DPLM LN) – Announce proposed acquisition of Peerless Aerospace for GBP 236mln. (Newswires)

Endevour Mining (EDV LN) – Q4 (USD): Adj. EBITDA 292mln, Net Income 42mln. No impact on 2023 annual results given investigation into CEO’s misconduct. (Newswires)

H&M (HMB SS) – Q1 (SEK): Sales 53.99bln (exp. 53.23bln), Op. Profit SEK 2.07bln (exp. 1.425bln), EPS 0.75 (exp. 0.51), Net Income 1.2bln (exp. 0.7bln). Quarter sales gradually improved with well-received Spring collections. Says monitoring Red Sea and "acts to minimise impact on the Co's product availability freight costs and stock levels". (Newswires)

Renault (RNO FP) - To sell to Nissan (7201 JT) shares representing approx. 2.5% of Nissan capital. Sale would result, at transaction date, in a cash inflow of EUR 362mln. (Newswires)

Poste Italiane (PST IM) – Italian Competition Authority says stake offered by Government should be offered to small savers and employees rather than institutional investors, via La Repubblica. (La Repubblica)

SSE (SSE LN) - FY23/24 adj. EPS expected to be in range of 152-160p, consistent with prev. guidance. Reaffirms target of 175-200p. (Newswires) 

Tod's (TOD IM) - Investor Tabor Assets Management published a letter which mentioned that the current offer (EUR 43/shr) by L Catterton to purchase 36% of the Co. is unfair. (Newswires) 

Travis Perkins (TPK LN) – Nick Roberts is to step down as CEO. Co’s nominations committee is currently undertaking a search process for the successor. (Newswires)

UK CMA - CMA secures landmark changes from Asos (ASC LN), Boohoo (BOO LN) and Asda; Co's must now use accurate and clear green claims. (Newswires) 

UniCredit (UCG IM) / Nexi (NEXI IM) – Co’s have agreed to renegotiate their existing payments system agreement, via Sole 24. (II Sole 24)

Credit Agricole (ACA FP) downgraded to Underweight from Equal Weight at Morgan Stanley 

Credit Agricole (ACA FP) upgraded to Buy from Hold at Deutsche Bank 

Deutsche Bank (DBK GY) upgraded to Overweight from Equal Weight at Morgan Stanley

Deutsche Lufthansa (LHA GY) downgraded to Hold from Buy at Deutsche Bank

Societe General (GLE FP) downgraded to Hold from Buy at Deutsche Bank  

27 Mar 2024 - 07:09- Research Sheet- Source: Newsquawk