Additional European Equity News - 12th November 2026

Assa Abloy (ASSAB SS) - Co. acquires Rometal in Brazil. (Assa Abloy)

3i (III LN) - 9M 2026 (GBP): Net Sales 12.76bln, +14% Y/Y, EBITDA 1.73bln, +11% Y/Y. Announces GBP 750mln buyback. (3i)

BAE Systems (BA/ LN) - Trading Update: Strong operational and financial performance in 2026 to date. Well positioned for continued growth over the medium term; confirms outlook. Order Intake: Have secured orders of GBP 33bln in 2026 so far. (BAE Systems)

B&M European (BME LN) - FY27 Interim Results: Group Revenue 2.84bln, +3.6% Y/Y. Interim dividend of 3.6p/shr. Early Golden Quarter trading has been positive in each of our operating businesses, with continued LFL growth at B&M UK in both FMCG and General Merchandise. (B&M European)

Burberry (BRBY LN) - H1 2026 (GBP): Revenue 1.09bln (prev. 1.03bln Y/Y), Adj. Op. Profit 62mln (prev. 19mln Y/Y). Notes that Wholesale revenue is up 17%, ahead of guidance. Outlook: Wholesale is expected to grow between 10% to 12% in FY27. (Burberry)

Ex-divs - Pershing Square Holdings (PSH LN), Bunzl (BNZL LN), Sainsbury (SBRY LN), Unilever (ULVR LN), GSK (GSK LN), Shell (SHEL LN), Airtel Africa (AAF LN), BP (BP/ LN). (Newswires)

Endeavour Mining (EDV LN) - Q3 2026 (USD): EBITDA 610mln (prev. 683mln Y/Y), FCF 261mln (prev. 149mln Y/Y). (Endeavour Mining)

Fresenius (FRE GY) - Co. completes sale of 13.4 million Fresenius Medical Care (FME GY) shares at EUR 39.00/shr, raising approximately EUR 524mln. (Fresenius)

LEG Immobilien (LEG GY) - 9M 2026 (EUR): EBITDA Margin 79.8% (prev. 79.2% Y/Y), FFO I Margin 51.9% (prev. 53.9% Y/Y). (LEG Immobilien)

Metro Bank (MTRO LN) - Co. says it is undertaking a Strategic Review of options for how the Company builds on its strategic delivery to accelerate growth, including commencing a Formal Sale Process. (Metro Bank)

Persimmon (PSN LN) - Trading Update: Total Forward Sales 2.15bln (prev. 2.09bln Y/Y). Outlook: "We continue to gain market share and expect to deliver another year of growth despite challenging market conditions". Adds that "Given the strength of our actions to mitigate the increased cost pressures in the year, and assuming no further material change in market conditions, we remain on track to deliver our 2026 performance in line with market expectations". 2027: "Looking ahead to 2027, we expect to continue growing volumes as a result of our strengthening land pipeline, planning success and outlet expansion. We expect market conditions to remain challenging, reflecting continued affordability constraints, higher borrowing costs and uncertainty over build costs arising from the conflict in the Middle East". (Persimmon)

Rolls Royce (RR/ LN) - Trading Update: Notes that performance is on track to meet guidance. Given our strong progress this year, we will revisit our mid-term targets at our Full Year results in February, as previously communicated. Accelerates buyback: Announces an interim share buyback of GBP 1.5bln. Commentary: In Defence, we continue to see strong demand across both mature and new programmes. (Rolls Royce)

Serco (SRP LN) / QinetiQ (QQ/ LN) - QinetiQ announces an update to the Group’s strategy and the agreed sale of its US business, QinetiQ Inc. to Serco plc (“Serco”) for USD 292mln. (Serco)

Wizz Air (WIZZ LN) - H1 2026 (EUR): Revenue 3.8bln (prev. 3.34bln Y/Y), EBIT 264.5mln (prev. 439mln Y/Y). Outlook: F27 ex-fuel CASK up mid single digits YoY due to increased transitional costs and broadly flat underlying operational performance. (Wizz Air)

United Utilities (UU/ LN) - H1 2026 (GBP): Revenue 1.46bln (prev. 1.30bln Y/Y), EBITDA 904mln (prev. 803.7mln Y/Y). (United Utilities)