Additional European Equity News

Arm - CEO Haas says its technology will be fundamental to the construction of the next phase of AI innovations, via Bloomberg citing the Computex trade show. (Newswires)

BAE Systems (BAE LN)/Rolls-Royce (RR/ LN) - India's CBI has filed a criminal complaint which accuses the Cos of engaging in corruption re. historic deals for the supply of fighter jets to India. (FT)

BMPS (BMPS IM) - CEO says the Co. can and must partake in the creation of a "third pole" in domestic banking consolidation, Treasury has various options re. cutting the 64% stake in the Co. (Newswires)

Broadcast Names - Sky (CMCSA) is to cut hundreds of jobs in the UK; sources add that job losses would not be as extensive as those planned by rivals, losses expected to be focused on more traditional business areas, via FT citing sources. (FT)

BT (BT/A LN) - Co's Chief Security Officer says the threat of cyberattacks is growing at an unprecedented pace. (Times)

Bunzl (BNZL LN) - To acquire a safety business with Brazil and Spain. (Newswires)

Daimler Truck (DTG GY) - Co. and Toyota (7203 JT/TM) sign an MOU on the intention to combine businesses of Mitsubishi Fuso and Hino Motors. (Newswires)

Foxconn (2354 TW)  - Co. is increasing efforts to recruit more staff for the Zhengzhou factory, new workers will get bonuses of as much as CNY 3k if they remain for at least 90-days. (BBC)

Housing Names - UK opposition Labour Party is reportedly creating plans which would force landowners to sell plots of lands for a percentage of their potential market price, as part of attempts to reduce home-building costs. (FT)

Hiscox (HSX LN) - Appointed Bloomer as Chair Designate. (Newswires)

HSBC (HSBA LN) - To rename SVBUK as HSBC Innovation Banking, via Sky citing sources. (Sky News)

IDS (IDS LN) - Amazon (AMZN) has added Evri to the list of firms which can deliver goods on its behalf. (Telegraph)

National Grid (NG/ LN) - CEO expects the demand flexibility service will return in the upcoming heating season. (Telegraph)

Nestle (NESN SW) - Francois-Xavier Roger to step down, LSE (LSEG SW) CFO Manz has been appointed as the new Nestle CFO. Will assume the role when released from LSE. (Nestle)

Pharma. Names - Study published in Nature Medicine may have determined the cause of Alzheimer's disease "This puts astrocytes at the center as key regulators of disease progression, challenging the notion that amyloid is enough to trigger Alzheimer’s disease."; believe the marker can be detected via a blood test. (Nature/Times/Mail)

Renewable Names - Longi Green Energy, the largest solar panel producer, cut its wafer prices by over 30%, via Bloomberg. (Newswires) 

Supermarkets/Retailers - ASDA is to acquire EG Group's UK and Ireland businesses. Deal will form a group with combined revenue of almost GBP 30bln. Elsewhere, PM Sunak is reportedly in discussions with retailers for a price cap on basic food items, would be a voluntary agreement. (Newswires/BBC)

Telecom Italia (TIT IM) - CDP is reportedly working with Macquarie on improving the joint offer for TIMs fixed line assess, via La Repubblica; adding, KKR is preparing a revised rival bid. (Reuters)

Tobacco Names - Phillip Morris (PM) CEO says they are looking to become an ESG stock in order to recoup investors which have sold off their stake due to tobacco exclusion policies. (FT)

TotalEnergies (TTE FP) - Co. to sell its 50% stake within Surmont Oil Sands to ConocoPhillips (COP) for CAD 4.03bln. (Newswires)

Unilever (ULVR LN) - CFO Pitkethly to retire. (Newswires)

Valeo (VLO FP) - Co. has reached a strategic cooperation and investment agreement with DiDi auto, for robotaxi safety solutions. (Newswires)

30 May 2023 - 07:05- Research Sheet- Source: Newsquawk