Additional European Equity News - 16th October 2026

Avanza (AZA SS) - Q3 2026 (SEK): Adj. EPS 4.90 (exp. 5.04), Operating Income 1.28bln (exp. 1.32bln). CEO: "With three strong quarters behind us and an economic turnaround slowly gaining momentum, we look ahead with great confidence." (Avanza)

Aviva (AV/ LN) - On track to deliver GBP 280mln of Wealth operating profit by 2027 and greater than GBP 500mln by 2032. (Aviva)

EV Autos - September global EV sales 2.15mln, -2% M/M. Europe had its strongest month on record, with almost 600k EVs sold in September while North American and China sales dropped 44% and 18% M/M respectively. (BMI)

Investor AB (INVEB SS) - Q3 2026 (SEK): Adj. NAV 1.29tln, +4% Y/Y; Total Shareholder return 1%. Enters a new contract to divest 2mln SEB shares with settlement during Q4. (Investor AB)

Ithaca Energy (ITH LN) - Co. announces that CEO is to retire by March 31st 2027. (Ithaca Energy)

JD Sports Fashion (JD/ LN) - Co. announces that Senior Independent Director, Kath Smith, will stand down from her position on the Board from 19th January 2027. (JD Sports Fashion)

Man Group (EMG LN) - Q3 Trading Statement (USD): AUM 270.9bln (prev. 253.6bln Q/Q), Net Inflows 10.1bln, Investment Performance 5.9bln. (Man Group)

Spanish Wages - Spain's Labour Ministry is preparing a minimum wage increase of around 5% for 2027, with Labour Minister Yolanda Diaz seeking approval before the November 29th general election, according to El Pais. (El Pais)

UK Energy - Ofgem proposes the activation of the MSC to protect consumers’ interests by supporting market stability and investability. (Ofgem)

ABN Amro (ABN NA) upgraded to Outperform from Market Perform at Keefe Bruyette

Aurubis (NDA GY) upgraded to Accumulate from Reduce at Inderes

Ericsson (ERICB SS) downgraded to Hold from Buy at Danske Bank

ING Groep (INGA NA) upgraded to Outperform from Market Perform at Keefe Bruyette

Siemens (SIE GY) downgraded to Hold from Buy at Jefferies