Additional European Equity News

3i (III LN) 12-months (EUR): Sales 16bln (prev. 13.78bln), LFL Sales growth 4.9% (prev. 10.3%), EBITDA 2.36bln (prev. 2.07bln), EBITDA Margin 14.8% (prev. 15.1%). CEO “We have made a good start to the final quarter of our financial year to 31 March 2026 and are set for another strong year of compounding growth”. (3i).

ABN AMRO (ABN NA) - Co. appoints Michiel Lap as Chair and nominates Jean Pierre Mustier as new member of its Supervisory Board. (ABN AMRO)

Aena (AENA SM) - To launch the advertising concession tender for its airport network. (Expansion)

Antofagasta (ANTO LN) – Q4 production report: Copper production 177.0/kt, +9.4% Q/Q; Copper sales 201.0/kt, +42.3%; Gold production 66.3k/oz, +23%; Molybdenum production 4.4/kt, +12.8%. CEO: Copper production in 2026 is expected to be 650,000-700,000/t; “Copper’s outlook remains compelling…”. (Antofagasta)    

Crest Nicholson (CRST LN) - Trading Update (GBP): Revenue 610.8mln, +1.2% Y/Y. While the housing market remains subdued, we are starting to see some early signs of improvement. (Crest) 

Essity (ESSITYB SS) - Co. signs EUR 400m loan agreement with the European Investment Bank  

Ex-Dividends - Pennon (PNN LN) will trade without entitlement to their latest dividend.  

Fever-Tree (FEVR LN) - Total Adjusted Revenue 375.3mln (prev. 368.5mln Y/Y). In the US, the transition into Molson Coors' national distribution network is progressing to plan and, alongside an upweighted marketing investment, will provide a strong platform for 2026. Confirms outlook. (Fever Tree) 

easyJet (EZJ LN) - Q1 (GBP): Revenue 2.25bln (prev. 2.03bln Y/Y). Headline loss before tax 93mln (prev. 61mln Y/Y). Passenger growth: +7% YoY. FY26 Outlook unchanged. FY26 total headline CASK is expected to see modest inflation as cost and operational efficiencies alongside favourable fuel prices partially offset market-wide cost inflation. Says: This year, the traditionally busy January booking period has seen record levels in both volume and revenue as bookings continue to build for Summer 2026.  (easyJet) 

Glencore (GLEN LN) - FY25 Production Report: Copper 507.7kt (prev. 343.9kt Y/Y), Gold 303koz (prev. 301koz Y/Y). Own sourced copper production of 851,600 tonnes was 100,000 tonnes (11%) below 2024. Guidance: Copper 951.6kt (prev. guided 810-870kt). (Glencore) 

Rank (RNK LN) - H1’25 (GBP): Adj 5.6% (prev. 4.8% Y/Y), Net Gaming Revenue 420mln (prev. 402mln). (Rank)   

H&M (HMB SS) – Q4 2025 (SEK): Operating profit 6.36bln (exp. 5.46bln), EPS 2.72 (exp. 2.45), Sales 59.2bln (exp. 59.7bln), Net 4.33bln (exp. 4.0bln), gross margin 55.9%. (Cision) Call commences at 08:00GMT

Lloyds Banking Group (LLOY LN) - Q4 2025 (GBP): Statutory pre-tax profit 1.98bln (exp. 1.72bln), NIM 3.1% (exp. 3.1%), NII 3.53bln (exp. 3.54bln); sees 2026 ROTE above +16% (exp. +16%, previously guided +15%), announces a buyback of up to GBP 1.75bln. Operating costs 2.59bln (exp. 2.58bln). Net Income 4.744bln (prev. 4.378bln Y/Y). EPS 2.2p (prev. 1p Y/Y). (Lloyds)

Ocado (OCDO LN) - Announces Sobeys to close its CFC in Calgary. (Ocado) 

Saga (SAGA LN) - Trading Update (GBP): Growth in underlying profit expected to be ahead of guidance. Trading EBITDA is still expected to be ahead of 2024/25. (Saga)

Santander (SAN SM) - Confirms they will close 44 UK branches in 2026. (Express)

St James's Place (STJ LN) - 2025 Trading Update (GBP): Gross Inflows 21.88bln (prev. 18.41bln Y/Y). (St James's Place)

Skanska (SKAB SS) - Skanska and Entra invests about NOK 1.8 billion, about SEK 1.7 billion, in a new office project in Oslo, Norway. (Skanska) 

TotalEnergies (TTE FP) - Co. is formally restarting the USD 20bln Mozambique LNG project, Noticias reports. (Bloomberg)

Wizz Air (WIZZ LN) - Q3 3025 (GBP): Revenue 1.3bln (prev. 1.18bln), EBITDA 176.2mln (prev. 157.1mln). Passengers carried increased by 12.5 per cent to 17.5 million in Q3 (vs 15.5 million last year), driving total revenue up by 10.2 per cent to 1,296.4 million with a load factor of 89.8 per cent (vs 90.3 per cent last year). (Wizz air) 

Acerinox (ACX SM) downgraded to Underweight from Neutral at JPMorgan

29 Jan 2026 - 07:15- MetalsEU Research- Source: Newsquawk