Additional European Equity News

888 (888 LN) - Sale of US B2C assets to hard rock digital. Co. currently expects to incur net one-off cash costs of about GBP 40mln in relation to exit of US. (Newswires) 

Aviva (AV/ LN) - UK CMA has decided not to refer Aviva (AV/ LN) to a Phase 2 investigation. (Newswires) 

Airbus (AIR FP) - CFO says on possible Boeing-Spirit deal, that we have a stable relationship with this supplier; difficult to say when we expect clarity on this. (Boersen  Zeitung interview)

ACS (ACS SM) - Co. would meet Texas Transportation Commission to possibly terminate the concession contract for SH-288 motorway. (Newswires)

Aena (AENA SM) / Vinci (DG FP) - Cos are competing to acquire Edinburgh Airport, via Bloomberg citing sources. (Bloomberg) 

Evolution (EVO SS) - Enters partnership through Rush Street Interactive. (Newswires) 

Fincantieri (FCT IM) - Co. won a EUR 1.18bln order from Indonesia. (Newswires) 

JDE Peets (JDEP NA) - Commits to newly validated near-term and net-zero SBTI targets. 43.2% reduction in absolute scope 1 & 2 GHG emissions by 2030. (Newswires) 

JD Sports (JD/ LN) - FY24 (GBP) Trading Update: Expects PBT to be in line with Jan guidance (915-935mln). FY total sales were 10.5bln, +3.5% Y/Y. Says in our FY24 financial year, we outperformed sportswear market, reflecting strength of business. Anticipate trading conditions to improve throughout year. Q1 likely to be softest LFL period and H2 stronger than H1. Current trading environment remains challenging Initial FY25 PBT 900-980mln. (Newswires) 

Kesko (KESKOB FH) - Co. has acquired properties in Espoo and Salo. (Newswires)  

Renault (RNO FP) - Co. sold Nissan shares (7201 JT) for EUR 358mln. (Newswires) 

Nordex (NDX1 GY) - Receives 264 MW order, completion of wind farm expected 2026. (Newswires)

Peab (PEABB SS) - Receives road contract for SEK 1.06bln. (Newswires)  

SSE (SSE LN) - Co. partners with Bord Na Mona on 800 MW onshore wind JV in Ireland. (Newswires) 

Valmet (VALMET FH) - To deliver and implement DNA automation system to concentrator of Sibanye-Stellwater's lithium project. (Newswires) 

DHL (DHL GY) downgraded to Hold from Buy at Deutsche Bank 

Legrand (LR FP) upgraded to Overweight from Equal Weight at Morgan Stanley

28 Mar 2024 - 07:10- EquitiesEconomic Commentary- Source: Newsquawk