Additional European Equity News
Newsquawk Staff ·
BDC Loans - Barclays said investors are demanding higher risk premiums for business development company debt amid anxiety over private credit exposure. A broad-based debt index showed spreads rising 80bps this year, taking it to 260bps, while unsecured BDC bonds also meaningfully underperformed collateralised loan obligations, Barclays notes.
BioNTech (22UA GY) - Co.'s major shareholders, the Strungmann brothers, states the Co. is not planning a sale. Thomas Strungmann added that the short-term stock market reaction does not reflect its true value. (Handelsblatt)
Diploma (DPLM LN) - Trading update: Upgrades organic revenue growth guidance to 9% (prev. guided 6%) and operating margin to around 25% (prev. around 22.5%). States that trading remains strong, great performance continues through H1 and is confident in H2 momentum. (Diploma)
Pearson (PSON LN) - Co. announced a multi-year integrated partnership with Tata Consultancy Services to help enterprises build future-ready workforces with AI-powered learning and assessment. (Pearson)
Technip Energies (TE FP) - Co. announces a share buyback programme of up to EUR 150mln. (Technip)
Thyssenkrupp Nucera (NCH2 GY) - Co. has been awarded a 300 MW hydrogen project in Spain, with the order volume in the low three-digit million euro range. The Co. adjusted its order intake outlook for 2025/26 to between EUR 550-850mln (prev. EUR 350-900mln). (EQS)
Verbund (VER AV) - FY 2025 (EUR): Revenue 8.01bln (exp. 7.87bln), EBITDA 2.74bln (prev. 3.48bln Y/Y), sees 2026 EBITDA between 2.0-2.5bln and Group result between 0.9-1.2bln. (Verbund)
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
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