Additional European Equity Opening News

3i (III LN) - Co. notes of a 6.6% increase in target dividend for FY22 to GBP 0.1045/shr. (Newswires)

Bechtle (BC8 GY) – Q1 revenue EUR 1.51bln vs exp. EUR 1.478bln. EBIT EUR 61mln vs exp. EUR 61mln. Co. confirms its guidance. (Newswires)

Bilfinger (GBF GY) - Q1 revenue EUR 883mln vs exp. EUR 851mln. Co. confirms its 2021 outlook. (Newswires)

Duerr (DUE GY) – Q1 sales EUR 789.9mln vs exp. EUR 781mln. EBITDA EUR 53.5mln vs exp. EUR 40mln. Co. confirms its outlook. (Newswires)

Fraport (FRA GY) - Q1 EBITDA EUR 40.2mln vs prev. EUR 129.3mln. Revenue EUR 385mln vs EUR 661.5mln. (Newswires) 

GEA Group (G1A GY) – Q1 revenue EUR 1.07bln vs exp. EUR 1.058bln. EITDA EUR 121.2mln vs exp. EUR 107mln. (Newswires)

IAG (IAG LN) – Launching an offer of senior unsecured convertible bonds for an initial size of roughly EUR 800mln, due 2028. (Newswires)

Leg Immobilien (LEG GY) - Q1 FFO +10.7% Y/Y. EBITDA EUR 125mln vs exp. EUR 124mln. (Newswires)

Maersk (MAERSKB DC) - Co. says it is review strategic options for Maersk Container Industry (MCI). (Newswires)

Morrison (MRW LN) - Q1 total sales (ex-fuel) +5.3% Y/Y. Online sales +113% Y/Y and LFL +21% Y/Y. Comp sales (ex-fuel) +2.7% vs exp. +2.0%. Co. is on track to meet guidance. Co. says it is now confident of meaningful profit growth for the year. Profit before tax is to be higher than the prior year and Co. has not waived the business rates relief. Co. now intends to refresh long-term capital allocation plan within its framework. (Newswires)

Natwest (NWG LN) – The UK Gov’t has successfully completed the disposal of a 5% stake in the Co., taking their shareholding to sub 55%; placing price of GBP 1.90/placing-share with proceeds of GBP 1.1bln. Settlement expected on May 13th. (Newswires) Follows after-market confirmation by the Gov’t of Sky News reports on the matter. Additionally, UK Ministers are reportedly expected to weigh up a ‘dribble-out’ by allowing the sale of as much stock each day as the market can take-down. (Times)

SSAB (SSABA SS) - Industrivarden is said to be mulling divesting 4.3% shareholding in Co, according to reports. (Newswires) 

SSE (SSE LN)/Equinor (EQNR NO) - Cos are jointly developing a new gas-fired power plant equipped with carbon capture technology. (Newswires) 

AMADEUS (AMS SM) UPGRADED TO HOLD FROM REDUCE AT HSBC

DELIVEROO (ROO LN) INITIATED WITH BUY AT GOLDMAN SACHS

DELIVEROO (ROO LN) INITIATED WITH BUY AT JEFFERIES 

JUST EAT TAKEAWAY (JET LN) UPGRADED TO NEUTRAL FROM UNDERPERFORM EXANE BNP

EVOTEC (EVT GY) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC

ORANGE (ORA FP) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

11 May 2021 - 07:28- EquitiesResearch Sheet- Source: Newsquawk