Additional European Equity News - 3rd September 2026
In our morning note
EU Market Open, . It led with:
US President Trump said the renewed campaign against Iran would not continue for too long and that oil prices would come down; Trump added the US was prepared to conduct another attack on Iran.
Crude futures lacked firm direction after marginally gaining in two-way trade yesterday amid somewhat mixed comments from US President Trump.
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Moved markets ·
Bumble (BMBL) reportedly in advanced talks to go private at a USD 1bln valuation, reports WSJ.
BMBL shares, after we published+56.6%
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Atlas Copco (ATCOA SS) - Co. acquires Compressors Australia; no terms disclosed. (Atlas Copco)
Crest Nicholson (CRST LN) - FY26 Trading Update: Cuts its FY completions to between 1,350-1,400 (prev. guided 1,400-1,500) and EBIT loss of around GBP 10mln (prev. guided profit of GBP 5-10mln). The reduction in profitability reflects lower expected completions following weaker open-market demand, and continued competitive pricing, particularly in bulk transactions, also resulting in some further NRV provisions on a small number of sites. (Crest Nicholson)
Grafton (GFTU LN) - H1 2026 (GBP): Revenue 1.34bln (prev. 1.25mln Y/Y), Adj. Operating Profit 98.5mln (prev. 91mln Y/Y), Adj. Pretax Profit 93mln (prev. 86.8mln Y/Y). Remains on track to deliver full year adjusted operating profit of GBP 190-200 mln. (Grafton)
LondonMetric (LMP LN) - Co. announces GBP 105mln of investment activity since the trading update in July. (LondonMetric)
M&G (MNG LN) - H1 2026 (GBP): AUMA 387bln (exp. 383bln), Adj. Operating Pretax Profit 435mln (exp. 429mln), Solvency 2 Ratio 247% (exp. 239%), Operating Capital Generation 372mln (exp. 360mln). Raises its interim dividend to 6.8p/shr. Says they are well positioned to deliver strong long-term financial outcomes. (M&G)
Solvay (SOLB BB) - Co. says they will more than double capacity for ultra-pure hydrogen peroxide in Taiwan by the end of 2026 to meet demand. (Reuters)
Volvo (VOLVB SS), Daimler Truck (DTG GY), Air Liquide (AI FP), TotalEnergies (TTE FP) - Cos, alongside other industry leaders, have joined forces to scale hydrogen mobility. The Cos will collaborate with German policymakers to establish a benchmark for a fully integrated hydrogen mobility ecosystem for heavy-duty transport. (Volvo)
Watches of Switzerland (WOSG LN) - AGM Trading Update: Performance remained consistent with the positive trends and are well positioned to deliver on its FY27 guidance. Trading in the US remained strong and the UK continued to show further signs of market improvement. (Watches of Switzerland)
Azimut (AZM IM) upgraded to Buy from Hold at Deutsche Bank
Dunelm Group (DNLM LN) upgraded to Buy from Hold at Deutsche Bank
Euronext (ENX FP) initiated with Overweight at Morgan Stanley
Nibe Industrier AB (NIBEB SS) upgraded to Equal Weight from Underweight at Morgan Stanley
Soitec (SOI FP) upgraded to Outperform from Neutral at Oddo Securities
- EUROPEAN OPEN: ANTO LN Chile workers accept wage deal; BARC LN faces PRA review over private credit; EQT SS agrees AUD 9.3bln Cleanaway acquisition; GSK LN reports positive risvutatug rezetecan activity; NOVN SW ends Fabhalta lupus nephritis trial
- European Movers: Barclays (BARC LN) -2%, BNP Paribas (BNP FP) -2%, LVMH (MC FP) -0.3%, DHL (DHL GY) +1%
- European Pre-Market Summary 19th October 2026: European bourses set for a weaker open; Luxury names weigh strong Chinese data and French protests
- Newsquawk Daily European Equity Opening News - 19th October 2026
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment
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