Additional European Equity News

Air Liquide (AI FP) - Co. to invest over USD 170mln in the US to help boost SK Hynix's ambition to build a global AI memory ecosystem. (Newswires) 

Asos (ASC LN) - Co. announces the disposal of Atlanta fulfilment centre for c. GBP 48mln. (Asos)

Associated British Foods (ABF LN) - Q3 Trading Update: Revenue GBP 5.3bln, +3% Y/Y. Primark LFL Sales growth -2.2%, total sales growth +3%. FY outlook remains unchanged, outside of Sugar; expecting Group adj. operating profit and adj. EPS in 2026 to be below last year. CEO: "Delivered a resilient trading performance in Q3. While the retail environment remained challenging in most markets, Primark continued to strengthen its customer proposition. In Sugar, the duration and severity of the Middle East conflict have increased gas price expectations for next year, which has impacted our European profit outlook.". (Associated British Foods)

Derwent London (DLN LN) - Co. completes Horseferry House and 80-85 Tottenham Court Road disposals, with net proceeds of GBP 160mln received. (Derwent London)

NatWest (NWG LN) - Co. completes its GBP 2.7bln acquisition of Evelyn Partners. (NatWest)

OCI NV (OCI NA) - Co.'s board recommends the unsolicited all-cash offer from NNS at EUR 4.10/shr and directors have been appointed by the Enterprise Chamber to consent to the convocation of an extraordinary general meeting to submit the Orascom Combination to a shareholder vote. (OCI)

Siemens (SIE GY) - Co. to buyback up to EUR 6bln shares. The share buyback was announced on May 13th. (EQS)

Skanska (SKAB SS) - Co. has signed a contract with Garmin Jyväskylä Oy to build a business facility in Jyväskylä, Finland for about SEK 310mln. (Skanska)

Telefonica (TEF SM) - The UK CMA is investigating the anticipated acquisition by Liberty Global, Telefónica and InfraVia, through their JV of Substantial. (Gov.uk)

Allegro (ALE PW) upgraded to Outperform from Neutral at Oddo Securities

Norsk Hydro (NHY NO) upgraded to Hold from Sell at Arctic Securities

RS Group (RS1 LN) upgraded to Buy from Hold at Deutsche Bank