Additional European Equity News

Aviva (AV/ LN) - To acquire Optiom, a Canadian vehicle replacement insurance business for GBP 100mln. (Newswires) 

BP (BP/ LN) – Co. has entered the Japanese power market. (Newswires)

DHL (DHL GY) – New postal law says 95% delivered in 3 days , 99% in 4 days, which should overall help costs, via dpa. (dpa)

GSK (GSK LN) - Announces positive DREAMM-7 headline results. (Newswires) 

H&M (HMB SS) - H&M to up prices paid to suppliers for clothing to offset increased Bangladeshi worker wages. The company plans to absorb wage hikes in product costs following the government's 56% minimum wage rise.

Publicis (PUB FP) - Appoints Teppax as Deputy CFO, effective immediately. (Newswires) 

Novo Nordisk (NOVOB DC) - In talks for flexible Wegovy pricing deals to boost take-up, according to the FT. (FT)

Rightmove (RMV LN) - Trading Update (GBP): Robust trading continues; raises FY23 APRA 112-116mln (prev. 103-105mln), Affirms Op. margin 73%; targets FY28 Revenue >600mln, underlying Op. > 420mln. (Newswires) 

Sanofi (SAN FP) - Dupixent® significantly reduced COPD exacerbations in second positive Phase 3 trial, accelerating FDA submission and confirming potential to become first approved biologic for this serious disease; NOTUS trial met its primary endpoint with overwhelming efficacy. (Sanofi)

Skanska (SKAB SS) - Awarded NOK 1.3bln contract to build the new E6 highway. (Newswires)  

Telefonica (TEF SM) – Co. is, on Monday, set to provide unions with additional information on its workforce adjustment, via El Economista. (Newswires)

United Microelectronics Corp (UMC) - UMC, VIS and PSMC set to offer about 10% price reductions on mature process chips during Q1'24 amid intensifying competition as 32 mature process water factories will be built in China by end-2024. (Newswires) 

Uniper (UN01 GY) – FY results to be impacted by the EUR 550mln arbitration award, will have full impact on annual results. (Newswires)

Valneva (VLA FP) - European Medicines Agency (EMA) has performed a technical validation of the Marketing Authorization Application (MAA) for Valneva’s single-shot chikungunya vaccine candidate VLA1553 and has determined that all essential regulatory elements required for scientific assessment were included in the application. (Valneva)

Vitesco (VTSC GY) - Schaeffler increases offer price for Vitesco to EUR 94/shr. (Newswires)  

Veolia Environment (VIE FP) - To sell Sage-CGTH for EV of GBP 260mln. (Newswires) 

EQT (EQT SS) downgraded to Hold from Buy at Nordea

Outokumpu (OUT1V FH) upgraded to Outperform from Neutral at Oddo 

27 Nov 2023 - 07:30- EquitiesResearch Sheet- Source: Newsquawk