Additional European Equity News

Battery Names - Fluor (FLR) - Fluor's Advanced Technologies & Life Sciences business secured an EPCM contract for Phase One of Swedish battery maker Northvolt's USD 4.8bln lithium-ion battery factory in Heide, Germany. Fluor will recognise its portion of the project in Q2 2024. (Newswires

Delivery Hero (DHER GY) - Announces Marie-Anne Popp as interim CFO; Thomassin will step down effective immediately. (Newswires)  

EQT (EQT SS) - To sell a majority stake in Idelista in EUR 2.9bln transaction. Cinven to acquire 70% stake in Idelista. (Newswires) 

Fincantieri (FCT IM) - Wins orders for fourth NFS submarine for Italian navy for EUR 500mln. (Newswires) 

Keywords Studios (KWS LN) - Receives updated offer of 2450p/shr from EQT (EQT SS) (KWS last closed at 2,186p/shr); the updated offer is at a value that the board would be minded to recommend to Keyword shareholders. PUSU extension to 3 July 2024. (Newswires) 

L'Oreal (OR FP) -  CEO, speaking at a JPM event, says they expect slower growth for the beauty market overall in 2024, as weakness within China weighs on sales; sees the global beauty market growing by 4.5-5.0% (prev. guided 5.0%). (Newswires)

Metso (METSO FH) - To deliver Kiln and cooler package to Galavni's fertiliser plant in Brazil; total order EUR 10mln. (Newswires) 

Proximus (PROX BB) - Proximus HXT drives new sovereign cloud innovation by partnering up with Microsoft (MSFT), Thales (HO FP) and Intel (INTC). (Newswires)

Air France (AF FP) downgraded to Equal Weight from Overweight at Barclays

Fortum (FORTUM FH) downgraded to Sell from Neutral at Goldman Sachs 

28 Jun 2024 - 07:39- Research Sheet- Source: Newsquawk