Additional European Equity News

IAG (IAG LN) - Q1 2026 (EUR): Adj. Op. Profit 351mln (exp. 284mln), Revenue 7.18bln (exp. 7.16bln, prev. 7.04bln Y/Y), Seat Load Factor 84.2% (exp. 83.1%). Cuts FY26 capacity (ASK) "lower than 3%" (prev. saw +3%). "We currently see no issues with fuel availability in our main markets, particularly as we benefit from our investment in fuel self-supply at our hubs". "Whilst the impact of the higher fuel price will inevitably lead to lower profit this year than we originally anticipated, we are confident in our business model and strategy". "We have seen strong demand across most of our markets, particularly in our Premium cabins and in both the North and South transatlantic markets, which together represent around half of our capacity". (IAG)

Intertek (ITRK LN) - Board unanimously concluded that the latest offer from EQT (EQT SS) significantly undervalues Intertek and its future prospects and there is significant execution risk given its conditional nature. Accordingly, the Intertek Board unanimously and unequivocally rejected the Further Revised Proposal on 8 May 2026. Note: Intertek offered GBP 58/shr for the co. (Intertek) 

Rightmove (RMV LN) - Q1 2026 (GBP): Our Strategic Growth Areas of Commercial Property, Mortgages and Rental Services are on track to deliver 20-30% revenue growth for the year. As previously noted, year-on-year growth in the second half of 2026 is expected to be stronger than the first half, with first-half growth impacted by fewer New Homes developments and the strong mortgage comparator last year. Guidance remains unchanged since our 2025 full-year results, and we are reaffirming our expectation of 8-10% revenue growth in 2026. (Rightmove)

Stellantis (STLAM IM/STLAP FP) - Co. expands Leapmotor partnership; potential Opec C-SUV production in 2028. (Stellantis)