Additional European Equity News

Derwent London (DLN LN) - Co. appoints Jonathan Murphy as CEO, effective September 1st. (Derwent London)

Grafton (GFTU LN) - Co. outlines its medium-term framework, including its 2030 targets: Adj. EPS compound annual growth rate >10%, cumulative FCF >GBP 850mln, ROCE of approx. 13%. (Grafton)

Halma (HLMA LN) - FY 2025/26 (GBP): Revenue 2.58bln (exp. 2.57bln), Adj. EBIT excl. One-Offs 585.2mln (exp. 567.9mln), Adj. EBIT Margin 23.0% (exp. around 22%), guides FY 2027 adj. EBIT margin in line with FY 2026. (Halma)

Intertek (ITRK LN) - Co. agrees to an extension to EQT bid deadline to June 18th. (Intertek)

Ryanair (RYA ID) - The UK CMA is investigating whether the Co.'s approach to seat reservations may mean parents are being charged for the airline to meet its child safety and disability‑related obligations as set out under aviation rules, and will investigate to determine whether or not this practice is in line with consumer law. (GOV,UK)

UK Defence - DIP expected for release on Monday, Sky reports; a form of defence announcement is also expected Friday, but not the full DIP, Politico reports (POLITICO/Sky)    

Wizz Air (WIZZ LN) - FY 2026 Final (GBP): Revenue 5.69bln (prev. 5.28bln Y/Y), EBITDA 1.32bln (prev. 1.13bln Y/Y), not giving guidance for FY27 given the lack of visibility across trading seasons and uncertainty related to the ongoing conflict in Iran and the closure of the Strait of Hormuz. (Wizz Air)

BASF (BAS GY) upgraded to Buy from Hold at Kepler Cheuvreux.

DSM-Firmenich (DSFIR NA) initiated with Buy at Vontobel.

Telenor (TEL NO) reinitiated with Hold at Danske Bank.