Additional European Equity News - 19th October 2026

Alstom (ALO FP) - Co. secures a first tranche order worth around EUR 800mln in Vietnam. (Alstom)

AstraZeneca (AZN LN) - Co. is to present overall survival data from four pivotal Phase 3 trials in Presidential Symposia at ESMO 2026. CLARITY-Gastric01 data will demonstrate potential of Sone-Ve to establish new treatment for broad population of CLDN18.2-positive gastric cancer patients, SAFFRON results will highlight clinical benefit of adding Orpathys to backbone Tagrisso in MET-driven 2nd-line EGFRm lung cancer, while VOLGA and DeLLphi-305 data will showcase the transformative potential of combining Imfinzi with novel agents to set new standards of care in bladder and small cell lung cancer. (AstraZeneca)

Carrefour (CA FP) - Co. agrees to buy Codifrance from Colruyt (COBR BB) for EUR 152mln. (Carrefour)

German Housing - Berlin's Left Party, SPD and Greens agreed on plans to socialise large private housing portfolios, FAZ reports. Private landlords holding more than 10,000 apartments in Berlin would be subject to compulsory acquisition, with compensation. (FAZ) Of note for Vonovia (VNA GY) and Deutsche Wohnen (DWNI GY)

LondonMetric (LMP LN) - Trading Update: Sees H1'27 net rental income around GBP 240mln. The average uplift from rent reviews was 17%, helping to deliver annualised LFL income growth of 5.8%. Income growth firmly on track to meet analyst EPS estimates. (LondonMetric)

Lundbeck (HLUNB DC) - Co. intends to appoint Lars Fruergaard Jørgensen as the new Chair, following the departure of Wenzel. Will be in effect from the 2027 AGM. (Lundbeck)

Rheinmetall (RHM GY) - Co. agrees to take over the Mangalia shipyard in Romania for EUR 138mln. (Rheinmetall)

Tesco (TSCO LN) - Co. extends its share buyback programme by a further GBP 200mln to a total of up to GBP 950mln. (Tesco)

UK Retail - John Lewis, Sainsbury’s (SBRY LN) and Tesco (TSCO LN) are cutting Christmas hiring as rising employment costs and pressure on household budgets weigh on UK retailers, Bloomberg reports; John Lewis plans 10,400 seasonal jobs, down 3,300 year-on-year; Sainsbury’s is recruiting 1,500 fewer staff, while Tesco expects 28,000 temporary hires, down 500. (Bloomberg)

Volkswagen (VOW3 GY) - Co. reportedly plans to freeze salaries for hundreds of thousands of employees until 2030, potentially resulting in an income loss of around 10%, according to Suddeutsche Zeitung. (Suddeutsche Zeitung)

Metso (METSO FH) upgraded to Overweight from Equal Weight at Morgan Stanley

Sandvik (SAND SS) upgraded to Overweight from Equal Weight at Morgan Stanley