Additional European Equity News

Air France (AF FP) – Technical terms of the reverse share spilt: number of shares to be issues 257,053,613 with a par value of EUR 1. Reverse share spilt commences from July 31st, exchange of 10 existing for one new share. (Newswires)

Beazley (BEZ LN) - FY22 (USD): Pretax Profit 547mln (prev. 191mln), Combined ratio 79% (prev. 89%), RoE 18%. (Newswires)  

Boohoo (BOO LN) - Frasers Group (FRAS LN) raises stake in Co. from 6.78% to 7.8%. (Newswires)

BT (BT/A LN)/Telia (TELIA SS) – Telia President/CEO Kirkby will be leaving the Co. by January 31st 2024 at the latest. At which point, Kirkby will become the BT CEO, replacing current CEO Jansen by end-January 2024 at the latest. (Newswires)

Flutter Entertainment (FLTR LN) - Fox to close betting platform FOX Bet. (Newswires) 

Fingerprints (FINGB SS) - Signs agreement with Tier 1 automotive supplier to develop IRIS recognition technology for use in Driver Monitoring Systems. (Newswires)

Pearson (PSON LN) - H1 (GBP): adj. EPS 25.6p (prev. 22.5p YY), Adj. Op 250mln (exp. 228mln), Revenue 1.88bln (exp. 1.78bln). (Newswires)

Senior (SNR LN) – H1 (GBP): Revenue 482mln (exp. 460mln), adj. PBT 17.6mln (exp. 16mln). Outlook maintained, strong growth anticipated for FY. Interim dividend approved. (Newswires)

Spectris (SXS LN) - Q2 (GBP): Pretax 103.4mln (prev. 70.3mln YY), Op 102.1mln (rev. 72.3mln YY), Revenue 703mln (prev. 570.2mln YY). Raises FY23 Organic Revenue "ahead of" +6-7% (prev. 6-7%) (Newswires) 

Wendel Investment (MF FP) - Signs an agreement for the sale of Constantia Flexibles to One Rock Capital Partners. (Newswires)

Fortum (FORTUM FI) upgraded to Buy from Hold at Nordea 

Telefonica Deutschland (O2D GY) downgraded to Hold from Reduce at Kepler Cheuvreux 

Prysmian (PRY IM) reiterated with Overweight at JP Morgan Chase

SIG (SIGN SW) reiterated with Underperform at BNP Paribas

31 Jul 2023 - 07:20- EquitiesResearch Sheet- Source: Newsquawk