Additional European Equity News

Asos (ASC LN) - FY Update: gross profit margins +350bps Y/Y, adj. EBITDA +60% Y/Y, profit per order +30% Y/Y. Remains confident in attaining FY26 adj. EBITDA and FCF in-line with guidance. (Asos) 

BBVA (BBVA SM) - Increasing the interim dividend by 10% to EUR 0.32/shr. (BBVA)

Gambling Names - UK Chancellor Reeves said she thinks there is a case for a gambling tax. (ITV)

Legal & General (LGEN LN) - Andrew Kail appointed group CFO, Davies to stand down at the end of 2025. (Newswires)

Pandora (PNDORA DC) - Alexander Lacik to retire in 2026, Berta de Pablos-Barbier to become new CEO. (Newswires)

Smith & Nephew (SN/ LN) - CFO Rogers is relocating to the US. (Newswires)   

Thyssenkrupp's TKMS (TKA GY) - Targets dividend payout of 30-50% of net profit, EBIT margin of more than 7% in medium-term, average annual sales growth of 10% in medium term. Plans more than EUR 400mln in CapEx over the next three years. First dividend to be paid in 2027. (Newswires) 

BT (BT/A LN) downgraded to Neutral from Buy at New Street Research

Puma (PUM GY) upgraded to Neutral from Underperform at BNP Paribas. (Newswires)