Additional European Equity News

Associated British Foods (ABF LN) - The UK CMA clears the Co.'s deal to buy Hovis. (GOV.UK)

Boohoo (DEBS LN) - FY 2026 Final (GBP): Revenue 0.92bln (prev. 1.22bln Y/Y), Adj. EBITDA 53.3mln (prev. 39.6mln Y/Y); Debenhams Brand GMV 730mln, +11.66 Y/Y. Expects Group GMV to return to Y/Y growth in FY27. (Boohoo)

Carrefour (CA FP) - Co. targets plastic reduction in packaging of 5Kt by 2030 and plant-based alternative sales of EUR 1bln. (Carrefour)

Commerzbank (CBK GY), UniCredit (UCG IM) - German government says it rejects UniCredit's offer to exchange shares in Commerzbank. The government adds that accepting the offer was already not an option from a financial point of view. (German Government)

EU Banks - EU officials are drafting a blueprint to manage banking crisis liquidity. (POLITICO)

EU ETS - Europe’s largest steel and chemical manufacturers have requested an immediate halt to the rollout of the EU Emissions Trading System, arguing rising costs are harming industry competitiveness. (POLITICO)

Novo Nordisk (NOVOB DC) - Co.'s CEO says its oral Wegovy will be submitted for regulatory approval in China very soon. Adds that semaglutide's regulatory data protection runs through Q2 next year, with generics expected to begin entering the market thereafter. (Newswires)

Saab (SAABB SS) - Co. receives order for anti-tank weapon NLAW from France, deliveries scheduled between 2026-30. (Saab)

Siltronic (WAF GY) - Co. successfully completes a EUR 273mln capital increase. (Siltronic) 

UBS (UBSG SW), Santander (SAN SM) - Cos are reportedly considering offering clients leveraged deposits with Saudi Arabian lenders to take advantage of higher savings rates offered in the Gulf state, Bloomberg reports. (Bloomberg)

Brenntag (BNR GY) downgraded to Hold from Buy at Deutsche Bank.

Puma (PUM GY) upgraded to Buy from Hold at HSBC.

Wizz Air (WIZZ LN) upgraded to Hold from Reduce at Kepler Cheuvreux.