Additional European Equity News

Anheuser-Busch Inbev (ABI BB) - Co. shareholder E.P.S is selling around 10mln shares, according to Reuters citing bookrunners. (Reuters)

ArcelorMittal (MT NA), Microsoft (MSFT) - ArcelorMittal announces an expansion of its collaboration with Microsoft. Microsoft Azure will serve as the backbone for modernising core IT systems, consolidating data into a single trusted foundation, and deploying advanced analytics and AI at scale across global systems and business processes. (ArcelorMittal)

easyJet (EZJ LN) - Co. extends the Castlelake bid deadline to August 7th. (easyJet)

National Grid (NG/ LN) - Co. announces a new operating model to increase accountability across the core aspects of its strategic framework. From September 2026, the Group Executive Committee will reduce from 13 to 8 members. (National Grid)

Plus500 (PLUS LN) - Co. announces the launch of Single Stock Futures. (Plus500)

PostNL (PNL NA) - H1 2026 (EUR): Revenue 1.59bln (prev. 1.59bln Y/Y), Normalised EBIT -3mln (prev. -5mln Y/Y), confirms FY26 outlook. (PostNL)

Shell (SHEL LN), TotalEnergies (TTE FP) - Shell signs an agreement to sell its European onshore renewables portfolio to TotalEnergies; no terms disclosed. (Shell)

Stabilus SE (STM GY) - Q3 2026 (EUR): Revenue 299.5mln (prev. 316mln Y/Y), Adj. EBIT 32.2mln (prev. 33.1mln Y/Y), Net Profit 51.4mln (prev. 10.1mln Y/Y). Guides FY26 revenue of c. 1.15bln (prev. guided 1.1-1.3bln). (Stabilus)

TotalEnergies (TTE FP) - Co. is selling a 50% stake in its European Renewables business to KKR for EUR 1.8bln, Bloomberg reports. (Bloomberg)

Argan (ARG FP) downgraded to Hold from Buy at Jefferies

Clariant (CLN SW) upgraded to Buy from Hold at Deutsche Bank

Legrand (LR FP) upgraded to Outperform from Sector Perform at RBC

Koninklijke Philips (PHIA NA) downgraded to Neutral from Buy at UBS

OMV (OMV AV) reiterated with Sell at Goldman Sachs

Soitec (SOI FP) upgraded to Buy from Hold at Kepler Cheuvreux