Additional European Equity News
Bayer (BAYN GY) - Co. receives US FDA approval for contrast-enhanced MRI to detect and visualise lesions with abnormal vascularity in the central nervous system and non-CNS body regions. (Bayer)
Big Yellow Group (BYG LN) - Co. sells its industrial estate in Harrow, London for GBP 38.4mln. (Big Yellow Group)
Bunzl (BNZL LN) - Elliott Investment has reportedly taken a near 5% stake in Bunzl, Bloomberg reports. (Bloomberg)
OHB (OHB GY) - Co. plans to sell EUR 500mln of shares in a fully marketed offering, while KKR (KKR) is also looking to sell shares. (Bloomberg)
Pernod Richard (RI FP), Remy Cointreau (RCO FP) - US President Trump threatens 100% tariffs on French wine over digital tax and demands France axes 3% tech levy or face a trade war. (NYP)
Saint Gobain (SGO FP), Kesko (KESKOB FH) - Saint Gobain has agreed to sell its Dahl business in Sweden, Norway and Denmark to Kesko for EUR 1.5bln. (Saint Gobain)
UniCredit (UCG IM) - Co. has asked Germany's Bafin to review statements made by Commerzbank over its bid. (UniCredit)
UK Banks - Data from UK Finance showed the sharpest increase in losses to certain types of fraud since the COVID-era boom in tech-enabled scams. UK Finance showed APP fraud rose 19% last year. (Reuters)
Wartsila (WRT1V FH) - Co. to form a JV for its global Energy Storage business with RCT Solutions GmbH and discontinue Energy Storage as a separate reporting segment. (Wartsila)
Aberdeen (ABDN LN) downgraded to Neutral from Buy at Goldman Sachs.
B&M (BME LN) downgraded to Hold from Buy at Shore Capital.
Boohoo (BOO LN) upgraded to Buy from Hold at Shore Capital.
Ferrari (RACE IM) upgraded to Overweight from Equal Weight at Morgan Stanley.
GEA Group (G1A GY) initiated with Neutral at Goldman Sachs.
Halma (HLMA LN) upgraded to Outperform from Neutral at BNP Paribas.
LPP (LPP PW) downgraded to Underweight from Neutral at JPMorgan.
RS Group (RS1 LN) downgraded to Hold from Buy at Kepler Cheuvreux.
SoftwareOne (SWON SW) upgraded to Outperform from Neutral at BNP Paribas.
Soitec (SOI FP) downgraded to Sell from Neutral at UBS.