Additional European Equity News
Big Yellow Group (BYG LN) - Q1 Trading Statement (GBP): Total revenue 53.2mln (prev. 51.5mln Y/Y), LFL store revenue 52.2mln (prev. 51.1mln Y/Y), expects H1 increase in store operating expenditure of 4% on a LFL basis. (Big Yellow Group)
GSK (GSK LN) - Co. says Europe's EMA has accepted a submission to update Bexsero label for 1-dose Meningitis B booster in 10+ year olds. (GSK)
Partners Group (PGHN SW) - Co. raises USD 15bln for a new infrastructure vehicle, Bloomberg reports. (Bloomberg)
Segro (SRGO LN), Prologis (PLD) - Prologis made a third offer at GBP 9.93/shr and a partial cash alternative of up to GBP 2.7bln. Segro rejected this offer, as questions remain regarding leadership succession and that market evidence does not support a standalone share price consistent with Prologis' proposal. (Segro)
Air Liquide (AI FP) upgraded to Overweight from Equal Weight at Morgan Stanley
Arkema (AKE FP) downgraded to Equal Weight from Overweight at Morgan Stanley
Clariant (CLN SW) downgraded to Underweight from Equal Weight at Morgan Stanley
Nokian Tyres (TYRES FH) downgraded to Sell from Hold at Nordea
Sandvik (SAND SS) upgraded to Buy from Hold at Kepler Cheuvreux
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