Additional European Equity News

Deliveroo (ROO LN) - Suspends GBP 100mln buyback programme. (Newswires) 

Galp (GALP PL) - Q1 (EUR): Adj. Net Profit 192mln (exp. 187mln), Adj. EBITDA 669mln (exp. 672mln). (Newswires) 

Merck (MRK GY) - Signed deal to acquire Springworks Therapeutics (SWTX) for USD 47/shr. Combination will immediately contribute to Merck's revenues and is exp. to be accretive to EPS in 2027. (Newswires) 

National Grid (NG/ LN) - Files joint proposal with New York public service commission. Plan incl. 9.5% RoE and USD 1.43bln investment. (Newswires) 

Plus 500 (PLUS LN) - Q1 Trading Update (USD): Revenue 205.9mln, +13% Y/Y. FY25 results expected to exceed market expectations. (Newswires) 

Traton (8TRA GY) - Q1 Sales (EUR): Revenue 10.6bln, -10% Y/Y. Remains confident for H2 and maintains FY outlook. (Newswires) 

Vivendi (VIV FP) - Q1 (EUR): Revenue 69.4mln, stable Y/Y. Notes that Telecom Italia (TIT IM) sale resulted in substantial decrease in financial net debt, also expect a significant decrease in Q1 net debt (Newswires) 

Roche (ROG SW) downgraded to Hold from Buy at HSBC