Additional European Equity News

AkzoNobel (AKZA NA) - Nippon Paint (4612 JT) and Sherwin-Williams (SHW) have decided to end their efforts to jointly acquire AkzoNobel. (PR Newswire)

B&M (BME LN) - FY 2026 (GBP): Revenue 5.775bln (exp. 5.77bln), Pretax profit 227mln (exp. 256.1mln), EBITDA 459mln (guided 440-475mln). CEO: "In the medium term, we continue to see no reason why B&M UK cannot return to double-digit EBITDA margins." (B&M)

Boohoo (DEBS LN) - Q1 2027 (GBP): Co. has returned back to growth, with Group GMV +0.5% Y/Y. May trading was strong. Gross Margin 52.5% (prev. 52.1% Y/Y). Affirms outlook. (Boohoo)

Currys (CURY LN) - Co. names Fredrik Tonnesen as CEO, effective August 3rd. (Currys) 

Howden Joinery (HWDN LN) - Howdens agrees to acquire DIY Kitchens for GBP 390mln. The transaction is expected to be immediately accretive to revenue, EBIT margin, and EPS with strong cash generation and returns above the cost of capital. (Howden Joinery) 

Novo Nordisk (NOVOB DC) - Wegovy pill launches in the UAE as Novo Nordisk expands global access to obesity care. (Novo Nordisk) 

Ryanair (RYA ID) - May Traffic 20.7mln, +6% Y/Y. (Ryanair)

STMicroelectronics (STMPA FP) - Introduces a high-performance vibration sensor with in-sensor AI offers a compelling alternative to piezosensor to fast-growing industrial condition-monitoring market. (STMicroelectronics)

Tritax Big Box (BBOX LN) - Co. acquires six-asset UK logistics portfolio from its REIT, no terms disclosed. (Tritax Big Box)

Wolters Kluwer (WKL NA) - Expands enterprise AI collaboration with OpenAI. (Wolters Kluwer)

UCB (UCB BB) - Bimekizumab data at EULAR 2026 show early and sustained inflammation control can improve patient reported outcomes and limit disease progression in PsA and axSpA. (UCB) 

Tariffs - The US is proposing new tariffs of at least 10% on imports from 60 partners following an investigation into goods produced by forced labour. Countries to be affected include Canada, Mexico, the EU, Taiwan and the UK. (USTR)

Novo Nordisk (NOVOB DC) reiterated with Neutral at Goldman Sachs; PT raises to DKK 305 from DKK 263

Publicis (PUB FP) initiated with Buy at Goldman Sachs

Rio Tinto (RIO LN) downgraded to Underperform from Sector Perform at RBC 

WPP (WPP LN) initiated with Sell at Goldman Sachs

ASML (ASML NA) PT raised to EUR 1660 (prev. 1400) at Morgan Stanley