Additional European Equity News - 6th November 2026

Airbus (AIR FP) - Co. reports October deliveries of 74 (prev. 72 M/M); YTD deliveries at 621. (Airbus)

Alfa Laval (ALFA SS) - Co. to acquire NAVTOR AS to strengthen the digital offering for the maritime sector; valued USD 700mln. (Alfa Laval)

EDP (EDPR PL) - 9M 2026 (EUR): EBITDA 4.2bln, +11% Y/Y, Net Profit 1.2bln, +22% Y/Y. 2027-2028 outlook: Gradual repricing of ancillary services costs in supply, generation revenues structurally higher vs. 2024-25 avg. (EDP)

IAG (IAG LN) - Q3 2026 (EUR): Adj. Op. Income 1.73bln (exp. 1.8bln), Revenue 9.74bln (exp. 9.74bln), Passenger Load Factor 88% (exp. 88.7%). FY Op. Margin guidance maintained. CEO: "As a result of the actions we are taking the outlook for the rest of the year, as well as the start of next year, is positive". (IAG)

Outokumpu (OUT1V FH) - Q3 2026 (EUR): Sales 1.56bln (exp. 1.55bln), Adj. EBITDA 101mln (exp. 97.4mln). Adjusted EBITDA in the fourth quarter of 2026 is expected to be affected by lower delivery volumes across the businesses and higher costs. The impact is expected to be largest in business area Europe, where demand is anticipated to remain weak and customer inventory levels are elevated. Q4 is expected to be at a similar level to the EUR 10mln recorded in the fourth quarter of 2025. (Outokumpu)

Rightmove (RMV LN) - Q4 Trading Update: Revenue growth in-line with guidance. Upgrades FY26 underlying EPS growth to "at least" 7% (prev. guided "at least" 5%). For 2027: Revenue growth similar to 2026 as the current end-market dynamics are expected to continue into next year. This reflects the full-year impact of fewer New Homes developments and a subdued Estate Agency market. (Rightmove)

Volkswagen (VOW3 GY) - Audi is reportedly mulling an expansion of its US plant, which would cost an additional EUR 3bln. (Volkswagen)

UK House Prices - UK Lloyds House Price Index (Oct YY) -1.2% vs. Exp. -0.3% (Prev. -0.1%); Lloyds House Price Index (Oct MM) -0.6% vs. Exp. 0.1% (Prev. -0.1%). (Lloyds)

Equinor (EQNR NO) downgraded to Underweight from Equal Weight at Morgan Stanley

Galp Energia (GALP PL) downgraded to Equal Weight from Overweight at Morgan Stanley

OMV AG (OMV AV) downgraded to Underweight from Equal Weight at Morgan Stanley