Additional European Equity Opening News

Air Liquide (AI FP) - Co. is investing USD 200mln in Louisiana to connect air separation unit to its pipeline network. (Newsiwres) 

Atos (ATO FP) - A jury in the US District Court for the Southern District of New York awarded compensatory damages in the amount of close to USD 70mln to be paid by Syntel to TriZetto, as part of Syntel’s ongoing litigation with Cognizant and its subsidiary Trizetto, for damages due to Syntel’s misappropriation and copyright infringement. The case started in 2015 between Syntel and TriZetto and predated the 2018 acquisition of Syntel by Atos. (Atos)

Aviva (AV/ LN)/ Direct Line (DLG LN) - UK CMA has given the green light for Aviva to move forward with its GBP 3.7bln takeover of Direct Line Insurance; deal effective Tuesday, DLG shares delisted by Thursday (WSJ) 

Daimler Trucks (DTG GY) - Co. has been added to Russia’s sanctions list despite already having exited the Russian market, according to reports. (Newswires) 

Drax (DRX LN) - Co. appoints Frank Lemmik as CFO who will succeed Andy Skelton. (Newswires)

InPost (INPST NA) - 17.5M shares from AI Prime & CY sold via Barclays, priced at EUR 13.25/shr Called to open lower by -6% (Newswires)

L'Oreal (OR FP) - Co. purchased haircare brand Color Wow. No financial details disclosed. (Newswires) 

Mediobanca (MB IM) - Asset manager Banca Mediolanum sold its entire 3.5% stake in Mediobanca priced at EUR 18.85 (vs last close EUR 19.74). (Newswires) 

Sainsbury's (SBRY LN) - Q1 Trading statement: Continues to expect to deliver retail underlying operating profit of around GBP 1bln and retail FCF of over GBP 500mln. Expects to continue to grow grocery volumes ahead of market. Total Retail Sales (ex-fuel) 4.9%; LFL sales (ex-fuel) 4.7% (Newswires)

Umicore (UMI BB) -  H1 (EUR) Adj. EBITDA 420mln (exp. 385.5mln). FY Adj. EBITDA guided at EUR 790–840mln (exp. 741.8mln). (Newswires) 

UK Housing - UK Nationwide house price mm (Jun) -0.8% vs. Exp. 0.2% (Prev. 0.5%, Rev. 0.4%); UK Nationwide house price yy* (Jun) 2.1% vs. Exp. 3.1% (Prev. 3.5%). (Newswires) 

Wood Group (WG/ LN) - Co. notes of extension of temporary waivers and lender engagement. Extends temporary waivers to July 31st; waivers expanded to include financial covenants for the period ending 30th June 2025. Co. in constructive dialogue with lenders and noteholders. (Newswires)

01 Jul 2025 - 07:28- EquitiesEU Research- Source: Newsquawk