Additional European Equity News

BAE Systems (BA/ LN) - BAE Systems has received a USD 1.19bln modification to a US Air Force contract for sustaining engineering services, increasing the total contract value to USD 3.13bln. (Newswires) 

Donaldson (DCI), Daimler Truck (DTG GY) - Donaldson has partnered with Daimler Truck North America on a hydrogen fuel cell project, featuring its advanced air filter technology in the next-generation Freightliner SuperTruck III. It aligns with the US DoE's SuperTruck programme to improve fuel efficiency and reduce emissions in heavy-duty trucks.  (Newswires) 

Hexagon (HEXAB SS) - Q4 (EUR): Sales 1.44bln (exp. 1.40bln), Adj. EPS 0.124 (exp. 0.12). (Newswires) 

Novartis (NOVN SW) - CEO says "we can continue primary to look for bolt-on acquisitions." CFO says any in-house obesity drug or one via acquisition would need to "leapfrog" the efficacy and/or safety of available products. Not ruling out obesity acquisitions, but are focussed on areas where we can win. (Newswires) 

Orsted (ORSTED DC) - Co. appointed Rasmus Errboe as CEO to replace Mads Nipper. (Newswires) 

Rheinmetall (RHM GY) - Six people were injured after an explosion at an ammunition factory in Spain on Thursday; cause not determined yet. (Newswires) 

Spanish Banks - BBVA (BBVA SM) and other Spanish banks have some exposure to Mexico, which may be impacted today amid the US President Trump tariff remarks. 

Sixt (SIX2 GY) - A major investor has placed shares worth around EUR 50mln. (Newswires) 

Smiths (SMIN LN) - Strategic Update: To focus on high performance industrial tech; increases share buyback programme to GBP 500mln. Smiths Interconnect to be divested. (Newswires) 

TotalEnergies (TTE FP) - India's BPCL awards 12-month Murban crude tender to TotalEnergies (Newswires)

UK Housing - UK Nationwide house price mm (Jan) 0.1% vs. Exp. 0.3% (Prev. 0.7%) UK Data UK Nationwide house price yy (Jan) 4.1% vs. Exp. 4.3% (Prev. 4.7%)

Fevertree (FEVR LN) upgraded to Neutral from Sell at Goldman Sachs

Pennon (PNN LN) upgraded to Hold from Sell at Deutsche Bank

Logitech (LOGN SW) upgraded to Hold from Sell at Deutche Bank 

Sanofi (SAN FP) upgraded to Hold from Sell at Deutsche Bank 

31 Jan 2025 - 07:50- ForexEU Research- Source: Newswires