Additional European Equity News

EU-US Trade - EU Competition Commissioner Ribera say, on a EU-US deal, “We will not compromise … around sovereignty and around regulation on how to work in our own market,”, via Politico citing excerpts from The Capitol Forum. “The teams in DGCOMP talk with their counterparts in the United States. It is good to talk about technology. We don’t talk about sovereignty,” (Politico)

Evraz (EVR LN) - PE firm Atlas Holdings is said to be mulling a USD 500mln bid for Evraz North America, according to WSJ. (WSJ)

German Retail Sector - German Retail Sales MM Real (May) -1.6% vs. Exp. 0.5% (Prev. -1.1%); YY Real (May) 1.6% vs. Exp. 3.3% (Prev. 2.3%). (Newswires)

GSK (GSK LN) - US Senator launches investigation into GSK’s asthma inhaler maneuvers. Senator Maggie Hassan said GSK’s the decision to discontinue its inhaler had “life-threatening consequences for patients”, according to STATNews. (STATNews)

Hiscox (HSX LN) - Targeting European retail footprint with deal to acquire Italian insurer Lokky (Newswires)

TomTom (TOM2 NA) - Announces reduction of 300 jobs, advances product-led strategy and realigns organisation (Newswires)

Vodafone (VOD LN) - Vodafone and AST SpaceMobile’s new joint venture company (SatCo) is to be headquartered in Luxembourg. Mobile operators covering 21 EU member states and other European countries have already expressed an interest in using the service; commercial launch is expected from 2026. (Newswires) Separately, Co. has launched cash tender offers for up to EUR 2bln notes in order to manage its outstanding debt portfolio. (Newswires) 

Vestas (VWS DC) – Called to open lower with desks citing the latest US bill developments. (Newswires)

Wood Group (WG/ LN) - Announces extension of PUSU deadline for Sidara offer, with the new deadline now 28th July. (Newswires)

Broker Moves

Centrica (CNA LN) downgraded to Neutral from Overweight at JPMorgan Chase

Infineon (IFX GY) added to Positive Catalyst Watch at JPMorgan 

Nordex (NDX1 GY) downgraded at Kepler 

30 Jun 2025 - 07:28- ForexEU Research- Source: Newsquawk