Additional European Equity News

AstraZeneca (AZN LN) - Q1 (USD): Revenue 13.6bln (exp. 13.7bln), core EPS 2.49 (exp. 2.21); intends to increase annual div/shr to USD 3.20; reiterates total rev. and core EPS guidance for FY25. Making excellent progress towards ambition of USD 80bln revenue by 2030. Got appraisal opinion from Shenzhen City Customs Office re. suspected unpaid importation taxes amounting to USD 1.6mln. Elsewhere, AstraZeneca provides update on CAPItello-280 Phase III trial. Discontinues CAPItello-280 Phase III trial for Truqap. IDMC recommends discontinuation due to unlikely endpoint achievement. To ensure patient follow-up and inform research. Adds, Chinese authorities have concluded the probe into drug imports and personal data infringement; cases have been referred to the prosecutor in Shenzen. (Newswires)

AB Foods (ABF LN) - Interim results. Outlook for the group is unchanged. Continues to assume trading in UK remains challenging in H2'25 - notes that there has been some early signs of improvement in recent weeks. (Newswires) 

BP (BP/ LN) - Q1 (USD): Adj. Net Income 1.38bln (exp. 1.62bln), Revenue 47.88bln (prev. 48.9bln Y/Y), EPS 0.63 (exp. 0.56). Continues to expects reported upstream production to be lower and underlying production to be slightly lower compared with 2024 Q1 Underlying RC Profit 1.38bln (prev. 2.7bln Y/Y) Operating Cash Flow 2.8bln (prev. 5.01bln Y/Y) Net Debt 26.9bln (prev. 24bln Y/Y) Guidance Confident in meeting net debt target of USD 14-18bln by end-2027. Confident in balance sheet plans. Upstream expectations are broadly flat vs Q1 Other Announced a share buyback of USD 750mln. Progressing on divestments, expert proceeds of USD 3-4bln in 2025. (Newswires) 

BASF (BAS GY) - Invests in new semiconductor-grade acid plant, worth high double-digit million Euro range. (Newswires) 

Beazley (BEZ LN) - Q1 Trading Statement (USD): Insurance Written Premiums 1.51bln, +2% Y/Y. California Wildfire Losses exposure remains around USD 80mln. (Newswires) 

Canal+ (CAN LN) - Q1 Trading Update (EUR): Revenue 1.54bln. Confirms its FY guidance. (Newswires) 

Entain (ENT LN) - Appoints interim CEO. (Newswires)

Jet2 (JET2 LN) - Launch of share buyback programme of up to GBP 250mln. (Newswires) 

Travis Perkins (TPK LN) - Q1 Trading Update: LFL Group Revenue -2.1%. (Newswires) 

Volvo Cars (VOLCARB SS) - CFO: will continue growth, currently the most important thing is a profitability improvement. The upcoming Slovakia factor remains part of the program, currently looking at what will be built in that factory. (Newswires)

29 Apr 2025 - 07:10- ForexEU Research- Source: Newsquawk