Additional European Equity News

AB Foods (ABF LN) - Pre-close Update: half-year sales and adj. operating profit to be ahead of pre-covid levels and strongly ahead of last-year. Primark sales exepcted to be well over 60% ahead of last year, operating margin of 11%. FY outlook is unchanged, significant progress is expected in adj. operating profit and adj. EPS for the Co. (Newswires)

Bayer (BAYN GY) - Cinven is reportedly nearing a deal for Bayer's pest control unit, according to Bloomberg. (Newswires)

Daimler Trucks (DTG GY) - Suspending all cooperation with Russia's Kamaz, according to Ria. (Newswires)

Energy Names - Germany is considering if it should extend the life-span of its nuclear power plants, to help secure the energy supply. (Newswires)

Ericsson (ERICB SS) - Leaked files show the Co. allegedly helped the Islamic state. (Guardian)

Ferrexpo (FXPO LN) - Decided to delay the publication of FY results, the decision has been made due to the ongoing conflict within Ukraine. Not able to provide a date for the publication of FY results. (Newswires)

Grifols (GRF SM) - FY21 (EUR): Net Sales 4.93bln (prev. 5.34bln), Net Profit 182mln (prev. 618mln), EBITDA 961mln (prev. 1.32bln). (Newswires)

MTU Aero (MTX GY)/Rheinmetall (RHM GY)/ThyssenKrupp (TKA GY) - German Chancellor Scholz said they are to supply EUR 100bln for military investments from the 2022 budget. (Newswires)

Orange (ORA FP) - Co. has selected Nokia (NOKIA FH) for the rollout of standalone 5G within France. (Newswires)

Oprea (ORP FP) - To delay the decision on bonuses/share-award for the CEO/Chairman Charrier. (Newswires)

RWE (RWE GY)/Uniper (UN01 GY) - German Chancellor Scholz says they are to construct two LNG terminals, to reduce dependency on Russian gas. (Newswires)

Sartorius (SRT GY) - Approached Maravai LifeScience with a USD 11bln acquisition offer, according to Reuters sources. (Newswires)

28 Feb 2022 - 07:10- EquitiesEconomic Commentary- Source: Newsquawk