Additional European Equity News

Alstom (ALO FP) - Co. has signed 4 landmark contracts with Egyptian National Railways to modernise Egypt's strategic railway corridors, with the contract valued at c. EUR 690mln. (Alstom)

DNO International (DNO NO), Var Energi (VAR NO) - DNO to acquire a 5% stake in Gjoa field and Gjoa Nord discovery from Var Energi, will receive USD 17.5mln cash payment. (DNO)

Drax Group (DRX LN) - UK FCA has closed its investigation and no action will be taken, in relation to certain historical statements regarding Drax's biomass sourcing and the compliance of Drax's 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules. (Drax)

Edenred (EDEN FP) - BC Partners is reportedly considering a takeover of Edenred, La Lettre reports. BC Partners is looking for partners, with 4 funds having been approached. (La Lettre) Edenred has since confirmed that it has been approached by investment funds.

Ericsson (ERICB SS) - Co. appoints David Hammarwall as Head of Business Area Networks, effective October 1st 2026. (Ericsson)

Ex-Dividends - Perisimmon (PSN LN), Airtel Africa (AAF LN), Compass Group (CPG LN), Land Securities Group (LAND LN), 3i Group (III LN) and British Land Company (BLND LN) will trade without entitlement to their latest dividend. (dividenddata)

Informa (INF LN) - AGM Trading Update: Group underlying revenue growth 6.4%, reaffirms its earnings guidance of double-digit underlying growth in adjusted EPS. For 2027, sees further strong growth in adj. EPS. (Informa)

Kingfisher (KGF LN) - Co. completes GBP 75mln of share buybacks under the first tranche of the programme. (Kingfisher)

L'Oreal (OR FP) - Co. acquires majority stake in Innovist; no terms disclosed (Previously thought to be between USD 350-450mln) (L'Oreal)

Tesco (TSCO LN) - Q1 2026/27 Trading Update (GBP): Group Sales 16.83bln, +1.0% Y/Y; UK LFL sales 12.6bln, +1.8% Y/Y (exp. +2.7%). Backs FY27 view; CEO says "would not" read too much into sales growth slowdown in Q1 (Tesco)

Whitbread (WTB LN) - Q1 2026 (GBP): Total sales 727mln, +2% Y/Y; LFL UK Accommodation sales +2%. Sees progress in Germany and remains confident in its FY outlook. (Whitbread)

BMW (BMW GY) PT cut to EUR 87 from EUR 107 at Goldman Sachs; buy rating maintained.

ING Group (INGA NA) upgraded to Reduce from Sell at AlphaValue.