Additional European Equity News

Anglo American (AAL LN) - Q3 Production Report: Copper +42%, Iron Ore -4%, Rough Diamond -23%, Steelmaking Coal -21%. (Newswires)

AstraZeneca (AZN LN) - FDA accepts for review AstraZeneca’s Supplemental Biologics License Application for self-administration of FluMist Quadrivalent. (AstraZeneca)

Barclays (BARC LN) - Q3 (GBP): CIB Revenue 3.08bln (exp. 3.24bln), International Income 4.44bln (prev. 4.06bln), Credit Impairment Charges 0.4bln, PBT 1.9bln (exp. 1.65bln), Assets 1.59tln. Within CET1 target range of 13-14% (exp. 13.8%). Sees FY UK NIM at 3.05-3.1%. Targeting a ROTE of >10% for 2023, ex-structural cost actions. (Newswires)

Bunzl (BNZL LN) - Q3: Revenue -4.8%. 2023 outlook maintained for profit, expects group revenue to be slightly lower YY, operating margin expected to reach record level. (Newswires)

Enagas (ENG SM) - 9-month (EUR): Revenue 672mln (prev. 715mln), Net Profit 258mln (prev. 353mln), EBITDA 572mln (prev. 605mln). (Newswires)

Eni (ENI IM) - Var Energy (VAR NO), which Eni majority owns, posted a 30% drop in Q3 Operating Profit following weaker energy prices but lifted FY25 production guidance. (Newswires)

Energy Names - Italian Government failed to adopt legislation designed to boost energy security, via Reuters citing an official; legislation featured elements which would have assisted the likes of Enel (ENEL IM), A2A (A2 IM) and Edison (EDN IM) with their hydropower stations. (Newswires)

Hermes (RMS FP) - Q3 (EUR): Sales 3.37bln (prev. 3.14bln). Outlook: continues FY23 with confidence, confirms revenue growth target for medium-term. Outlook unchanged. Keeping up investments in China, mid/long-term potential remains strong. (Newswires)

Plus500 (PLUS LN) - Q3 Update: Performed well. Continues to make good progress against strategic plans. Expects FY to be in-line with recently upgraded guidance. (Newswires)

Puma (PUM GY) - 9-month (EUR): OpEx 2.55bln (prev. 2.35bln), EBIT 527mln (prev. 600mln), Net Income 304mln (prev. 352mln). Confirms adj. sales growth in high single-digit % for FY23. On track to achieve FY outlook. (Newswires)

Topdanmark (TOP DC) - Q3 (DKK): PBT 347mln (exp. 320mln), EPS 2.90 (exp. 2.60), Net 261mln (exp. 239mln). (Newswires)

TotalEnergies (TTE FP) - Starts in Texas a 380MW utility scale solar plant with storage. (Newswires)

UniCredit (UCG IM) - CEO says it is premature to raise profit/distribution guidance following improved revenue guidance, but this does not mean they will remain the same. (Newswires)

UPM Kymmene (UPM FH) - Q3 (EUR): Revenue 2.58bln (exp. 2.72bln), adj. EBITDA 376mln (exp. 326mln), adj. EBIT 220mln (exp. 187mln). (Newswires)

Novartis (NOVN SW) - CFO says if there are attractive late-stage assets, regarding M&A, we will look at them; seeking bolt-on M&A deals. (Newswires)

Roche (ROG SW) - Settled a patent lawsuit with Biogen (BIIB) re. a biosimilar version of Actemra. (Newswires)

Equinor (EQNR NO) downgraded to Hold from Buy at Nordea

Sandvik (SAND SS) upgraded to Buy from Hold at Handelsbanken