Additional European Equity News

Assa Abloy (ASSAB SS) - Acquires Sentinel Dock & Door; terms undisclosed. (Assa Abloy) 

British American Tobacco (BATS LN) - H1 Trading Update: Firmly on track to deliver FY guidance, driven by continued US delivery and New Category momentum. (British American Tobacco)

British Land (BLND LN) - Co. appoints Joanne McNamara as CEO, effective by end of November (British Land)

EU Luxury - Savills research highlights that European brands have sharpened their focus on the US, with a surge of store openings and fashion shows to lure wealthy shoppers enriched by the AI and tech boom and offset weak consumer confidence in the rest of the world. The report found North America accounted for about 27% of global luxury store openings in 2025, compared ‌with 26% of openings in ​Europe and 19% in China. (Fashion Network)

Eurazeo (RF FP) - Co. raises EUR 3.9bln in its latest direct lending fund, in which the fund will focus on lending to lower mid-market companies in Europe. (Bloomberg)

STMicroelectronics (STMPA FP) - Co. raises its revenue ambition for Data Centers amidst continued strong demand for AI infrastructure; now expects data center revenues at about USD 1bln (prev. saw "nicely above" USD 500mln). (STMicroelectronics) Shares +1.5% pre-market

Saab (SAABB SS) - Co. receives a SEK 1.2bln air defence order from Sweden. (Saab) 

Watch Names/Watches of Switzerland (WOSG LN)/Richemont (CFR SW) - Swiss watch exports (Apr) -16.6% (prev. -1.0%).

Wizz Air (WIZZ LN) - Reports May traffic: Carried 7.13mln passengers, +26% Y/Y; capacity 7.77mln, +25.4%. (Wizz Air)