Additional European Equity News
British Land (BLND LN) - FY2026 (GBP): Underlying profit 294mln (prev. 279mln Y/Y), Underlying EPS 0.289 (prev. 0.285 Y/Y). CEO: "We are well positioned to capitalise on our scale, quality and value-add mindset to deliver sustainable EPS growth of 3-6% per annum and total returns of 8-10% across the cycle." (British Land)
Engie (ENGI FP) - Co. CEO says there is no risk to gas supply but prices may rise a bit. (Newswires)
Experian (EXPN LN) - FY 2026 (USD): Revenue 8.42bln (prev. 7.48bln), EBIT 2.41bln (prev. 2.10bln Y/Y), announced an additional USD 1bln share buyback programme. CEO: " We expect to deliver another year of double-digit Benchmark EPS growth, underpinned by total revenue growth of 8–11%, organic growth of 6–8%, and margin expansion at the higher end of our Medium-Term Framework.". (Experian)
Legrand (LR FP) - Co. announces the acquisition of SRS Power Engineering in Malaysia. (Legrand)
Leonardo (LDO IM) - Co. signs a major naval combat systems contract for Kuwait Navy's 'Al Dorra' programme, with the contract estimated around EUR 320mln. (Leonardo)
Marks & Spencer (MKS LN) - FY 2025/26 (GBP): Sales 17.37bln (prev. 13.91bln Y/Y), Adj. EPS 23.8p (prev. 31.9p Y/Y), FY Dividend 4.2p, +16.7%. Commentary: Performance in 2025/26 was a year of two halves: significant operational impact from the cyber incident during the first, followed by a return to sales and profit growth in the second. Outlook: Guides initial FY26/7 Capex 650-750mln. Profit growth is expected to resume versus 2024/25. (Marks & Spencer)
Playtech (PTEC LN) - AGM Trading Update: The stronger-than-expected performance in the Americas, as flagged in the Company's FY25 trading update (in February 2026) and the full year results (in March 2026), has continued. Elsewhere, Ian Penrose, Senior Independent Director, has notified the Company of his intention to step down from the Board. (Playtech)
RS Group (RS1 LN) - Q1 2026 (GBP): Revenue 2.88mln (exp. 2.87mln, prev. 2.90mln Y/Y), Adj. operating profit 265mln (prev. 274mln Y/Y), launches GBP 100mln share buyback programme. (RS Group)
Severn Trent (SVT LN) - FY26 (GBP): Revenue 2.83bln (exp. 2.82bln), PBIT 861mln (prev. 590mln Y/Y), Basic EPS 123.5p (prev. 76.6p Y/Y). Outlook: Upgrading 2028 adjusted EPS outlook to at least 250p (prev. guided 224p). (Severn Trent)
UK Infrastructure - Chancellor Reeves announces new restrictions on use of judicial review for “critical infrastructure” clean energy projects and time limitation for other projects. (BBC)
Babcock (BAB LN) upgraded to Buy from Add at Peel Hunt
Flughafen Zurich (FHZN SW) upgraded to Outperform from Hold at BNP Paribas
Lanxess (LXS GY) downgraded to Underperform from Hold at Jefferies