Additional European Equity News

Auto Trader (AUTO LN) - FY23 (GBP): EPS 0.293 (exp. 0.27), Adj. EBITDA 375.3mln (exp. 361mln), Revenue 570.9mln (exp. 551.4mln). Proposes final dividend of 6.4p/shr. Sees modest margin expansion in FY25. (Newswires)

BP (BP/ LN) - Co. and Trinidad and Tobago's state energy firm NGC have received a two-year license from the US Treasury Department to negotiate and develop the Cocuina-Manakin gas fields in Venezuela. (Newswires)

Darktrace (DARK LN) - Appoints Jill Popelke as COO; Nick Trim to step down end of June. (Newswires) 

Golden Goose IPO – The firm has announced its intention to list on Euronext Milan. (Newswires) Recent reports suggested the Co. could seek a USD 3.3bln valuation. Co. is a luxury fashion/trainer brand.

Just Eat Takeaway (JET LN) - Amazon (AMZN) announces Grubhub+ as ongoing Prime Member offer; customers can now order Grubhub directly from Amazon.com. Amazon may also receive warrants of up to a further 10% of Gruhub's fully diluted common equity. (Newswires) Grubhub is a subsidiary of Just Eat

Neoen (NEOEN FP) - Brookfield enters into exclusive negotiations with Impala and other shareholders. Acquisition price represent a 26.9% premoum over last closing price at EUR 39.85/shr. (Newswires) Shares indicated higher by 20% 

Pirelli (PIRC IM) - Secondary ABB deal price at EUR 5.86/shr; approx. EUR 520mln. (Newswires) 

SAS (SAS SS) - Q2 (SEK): Revenue 9.9bln (prev. 8.96bln), PBT -3bln (prev. -1.4bln), Net -2.9bln (prev. -1.5bln). Making progress in cost savings plan. Expects better financial performance after FY24 in an unlisted environment, assuming successful Chapter 11 plan implementation. (Newswires)

Swatch (UHR SW) / Richemont (CFR SW) - Swiss Trade (Apr) 4.316B CH (Prev. 3.542B CH, Rev. 3.767B CH); Watch Exports +4.5% (prev. -16.1%)

SBB (SBBB SS) - Signs agreement to divide SBB Kapan board. (Newswires)

UBS (UBSG SW) - Makes several changes to its exec. board; Iqbal Khan has been appointed President UBS Asia-Pacific; Rob Karofsky has been named President UBS Americas and Co-President GWM. Naureen Hassan and Ulrich Korner are set to retire from UBS; effective July 1, 2024. (Newswires) 

30 May 2024 - 07:10- Research Sheet- Source: Newsquawk