Additional European Equity News

ACS (ACS SM) - Co. is moving closer with Westinghouse, aiming to bid for US nuclear reactor projects, within a plan backed by the US White House, Expansion reports. (Expansion)

British American Tobacco (BATS LN) - A US Judge has dismissed claims that the co. violated North Korean sanctions. (Global Banking & Finance Review)

Greggs (GRG LN) - Q1 Trading Update (GBP): Total Sales 800mln, +7.5% Y/Y; +2.5% LFL sales growth YTD, and +3.3% in last ten weeks. Expect good first half profit progress with incremental operating costs from our new Derby site primarily impacting the second half as previously guided. Board's expectations for the full year outcome remain unchanged. Notes that “our forward buying of key commodities continues to provide protection against increased inflation in the near term”. (Greggs)   

Imperial Brands (IMB LN) - HY 2026 (GBP): Revenue 14.7bln (prev. 14.6bln Y/Y), Adj. EPS 0.128 (prev. 0.124 Y/Y), Adj. Operating Profit 1.64bln (exp. 1.65bln), Tobacco & NGP Net Revenue 3.37bln, +1.8% Y/Y; affirms FY26 Adj. Operating Profit +3-5%. Adds that the Co. is on track with its GBP 1.45bln share buyback. (Imperial Brands)

Intertek (ITRK LN) - Activist investor PrimeStone Capital has reportedly urged the co. to “engage constructively” with EQT, following the recent rejection of a takeover offer, Reuters reports. (Reuters)  

LondonMetric (LMP LN) - Proposed offer for Picton; deal valued at GBP 403mln. (LondonMetric)

Man Group (EMG LN) - Announces USD 50mln share buyback. (Man)

Novo Nordisk (NOVOB DC) - Co.'s higher dose 7.2mg Wegovy demonstrates 27.7% mean weight loss at week 72 in early responders according to new analyses presented at the European Congress on Obesity. Participants treated with the higher dose of Wegovy reached weight loss goals faster as compared to semaglutide 2.4mg. (Novo Nordisk)

Rexel (RXL FP) - Co. acquires Revere Electrical Supply, expanding its US Midwest footprint. (Rexel)

Vodafone (VOD LN) - FY26 (GBP): Revenue 40.5bln (prev. 37.4bln Y/Y), Adj. EBITDAaL 11.4bln (prev. 10.9bln Y/Y), Operating Profit 2.8bln (prev. -0.411bln Y/Y). Results reached the top end of the guidance range. Guides FY27 Adj. EBITDAaL between 11.9-12.2bln. (Vodafone)

Wickes (WIX LN) - Q1 Trading Update: Revenue growth 1.3%, driven by volume growth in Design & Installation and TradePro. Affirms outlook. (Wickes)

Wizz Air (WIZZ LN) - FY2026 Trading Update: Expects to report a breakeven to slightly positive net profit result for the FY. Looking forward, the conflict in the Middle East has introduced near-term uncertainty around fuel costs and customer demand. We are approximately 70% hedged for our summer fuel needs. Current scheduled capacity for the first half of the year stands at around 51mln seats, +28% Y/Y. To maintain booking momentum and protect load factors amid geopolitical uncertainties, we have strategically utilized promotional fares to stimulate demand during H1 FY27. (Wizz Air) 

Hannover Re (HNR1 GY) upgraded to Outperform from Neutral at Oddo Securities.