Additional European Equity News

AstraZeneca (AZN LN) - Q2 2025 (USD): Revenue 14.46bln (exp. 14.07bln), adj. EPS 2.17 (exp. 2.14), PBT 3.13bln (exp. 3.9bln), Interim dividend of USD 1.03/shr, +3%. 2025 Guidance (reiterated). Revenue to increase by a high single-digit % (prev. high single-digit %). Core EPS to increase by a low double-digit % (prev. (low double-digit %). Revenue Breakdown Oncology 6.3bln, +18% CVRM 3.26bln, +3% R&I 2.15bln, +12% V&I 185mln, +54% Rare Disease 2.29bln, +7% Other 14.45bln, +11%. (Newswires) 

Barclays (BARC LN) - Q2 (GBP): Investment Banking Revenue 3.31bln (exp. 3.07bln), Revenue 7.2bln (prev. 6.32bln Y/Y), Adj. Net Income 1.7bln (prev. 1.51bln Y/Y), FICC 1.45bln (exp. 1.27bln); to initiate a share buyback of up to GBP 1bln; confirms FY25 outlook

Croda (CRDA LN) - H1 (GBP): Revenue 855.8mln (exp. 861mln, prev. 816mln Y/Y). Affirms guidance. Has identified a further GBP 60mln in cost savings, taking total to GBP 100mln. (Newswires) 

Canal+ (CAN LN) - H1 (EUR): Revenue 3.09bln (exp. 3.1bln). (Newswires) 

Entain (ENT LN) - H1 (USD): BetMGM Net Revenue 1.35bln, +35% Y/Y. Raises FY25 Revenue 2.7bln (prev. guided 2.4-2.5bln). (Newswires) 

Greggs (GRG LN) - H1 (GBP): Pretax 63.5mln (prev. 74.1mln Y/Y), Revenue 1.03bln (prev. 960.6mln Y/Y), LFL Revenue +2.6% Y/Y. Notes that H1 was impacted by market footall, more weather disruption and phasing of cost headwinds. Confirms guidance. (Newswires) 

Games Workshop (GAW LN) - FY (GBP): Revenue 565mln (exp. 594.7mln). Operating profit 211.8mln (exp. 239.7mln). (Newswires)

Stellantis (STLAM IM/ STLAP FP) - H1 (EUR): Operating Margin 0.7% (exp. 1.97%), Net -2.3bln (prev. +5.6blnY/Y), Revenue 74.3bln (-13% Y/Y), Sees about EUR 1.2bln of tariff hit in H2. Other metrics: Sees adjusted EBIT margin in H2 2025 in low-single digits.  Sees improvement in industrial free cash flows in H2 2025 compared to H1. H2 guidance based on tariff rules as of July 29.  H1 net revenues due to declines in North America and Europe. Negative industrial free cash flow of 3 billion euros in H1, hit by capex and R&D expenditure.  Total industrial available liquidity as of June 30 of EUR 47.2bln. Total inventories of 1.2mln units as of June 30 (+1% Y/Y).  Commentary: Sees 'signs of progress' in H1 2025 compared to H2 2024 in terms of volumes, net revenues and operating income, despite intensifying headwinds.  Management will continue with 'tough decisions' needed to improve results.  Sees net revenues in H2 2025 increasing compared to H1. Vehicle net pricing weighted for EUR 1.9bln on net revenues and adj. EBIT in H1. (Newswires) 

UBS (UBSG SW) - Co. orders its bankers to scale back on the sale of complex currency derivatives, after its clients lost significant amounts of money in relation to Trump's "Liberation Day" tariffs. (FT) 

Unite (UTG LN) - H1 (GBP): Adj. Net Income 144.2mln. Expects strong demand for accommodation in late Aug and Sept. (Newswires) 

Forvia (EO FP) downgraded to Hold from Buy at Deutsche Bank 

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