Additional European Equity News

ArcelorMittal (MT NA) - Co. seeks to safeguard its operations at UK dock, saying that it wants to halt its proposed redevelopment threatens around 800 jobs, according to the FT. (FT) 

Associated British Foods (ABF LN) - Howard Investments Sells around 10.3mln shares for approx. GBP 262mln. 

Cellnex (CLNX SM) - To distribute dividend of EUR 0.017/shr on June 17. (Newswires) 

Eurazeo (RF FP) - Announced the sale of its stake in MCH Private Equity; retains a EUR 80mln investment in MCH Fund. (Newswires) 

JD Sports (JD/ LN) - FY24 Trading Update (GBP): Started new FY with Q1 in line with expectations and on track to deliver FY guidance. Proposed dividend of 0.6p; total proposed dividend 0.9p, +12.5%. PBT for 52-week period 917.2mln, -7.5% Y/Y. Maintains FY PBT of 0.955-1.035bln. LFL sales -6.4% in the UK, -0.1% in Asia Pacific,+1.6% in Europe, +2.0% in North America. (Newswires) 

Lloyds (LLOY LN) - Identifies 18mln customers as prime growth targets, according to the FT. (FT)

STMicroelectronics (STMPA FP) - Commission approves EUR 2bln Italian state aid measure to support the Co. to set up a new semiconductor manufacturing facility. The project will enable the development of a large scale manufacturing facility for higher performance SIC chips. (Newswires) 

NatWest (NWG LN) - UK Government disposal of shares in Co. for GBP 1.24bln; price paid by Co. was in accordance with directed buyback contract at 316.2p. (Newswires) 

UK Housing - UK Nationwide house price yy (May) 1.3% vs. Exp. 0.8% (Prev. 0.6%); MM (May) 0.4% vs. Exp. 0.1% (Prev. -0.4%); Says UK housing market appears to be showing signs of resilience in the face of ongoing affordability pressures. 

31 May 2024 - 07:15- Research Sheet- Source: Newsquawk