Additional European Equity News

Anglo American (AAL LN) - Co. was encouraged by key shareholders including by key shareholders (including BlackRock) to continue engaging in talks with BHP (BHP AT) over its proposed USD 49.3bln mining merger, according to Reuters citing sources. (Reuters) 

Bunzl (BNZL LN) - Announces completion of acquisition of Nisbets. (Newswires) 

Deutsche Lufthansa (LHA GY) - EU may set North America request for ITA-Lufthansa deal, via Corriere. (Corriere)

Eurazeo (RF FP) - Announced sale of its stake in Lumapps. Transaction should generate total gross sale proceeds of over EUR 210mln. (Newswires) 

IDS (IDS LN) - FY (GBP): Revenue 12.67bln (exp. 12.42bln), Pretax profit -75mln, Net Debt -1.71bln. Final dividend proposed of 2p for 23/24; proposing special dividend of 8p/shr, upon completion of transaction with EP Group. Operational turnaround accelerating at pace. Close to breakeven in H2 a adj. op. level, excluding voluntary redundancy charges. (Newswires)

Persimmon (PSN LN) – Co. is reportedly among the prospective bidders for Cala Group, expected to be worth around GBP 1bln. (Sky News)

Repsol (REP SM) / Naturgy (NTGY SM) - Spain is mulling scrapping windfall tax for energy firms, according to Economista. (Economista)

Severn Trent (SVT LN) – Ofwat is reportedly set to refuse most of the requests from water firms to increase bills, via Guardian citing sources. Reminder, due to the general election the decision has been delayed until 11th July. (Guardian)

Shein IPO – Senior UK Politicians have called for additional scrutiny of Shein, remarking that the IPO should not be allowed to occur during the general election. (Guardian)

thyssenkrupp (TKA GY) - Martin Stillger will resign from his position as Chairman of exec. board, effective May 31 2024. Board will decide successor in near future. (Newswires) 

TotalEnergies (TTE FP) - Final investment decision for Atapu-2 and Sepia-2 oil developments; expected to start producing as from 2029. (Newswires) 

Fevertree (FEVR LN) downgraded to Sell at Goldman Sachs

Hermes (RMS FP) upgraded to Outperform at Bernstein

Symrise (SY1 GY) upgraded to Buy from Hold at Deutsche Bank

28 May 2024 - 07:05- Research Sheet- Source: Newsquawk