Additional European Equity News

easyJet (EZJ LN) - Co. announces that the board has unanimously rejected Castlelake's fourth proposal to acquire the Co. for GBP 6.50/shr, stating that the offer substantially undervalues the airline. Additionally, the board has requested a 9-day extension of the PUSU deadline, requiring Castlelake to announce a firm intention to make an offer by July 5th. (easyJet)

H&M (HMB SS) – Q2 2026 (SEK): Sales 54.8bln (exp. 55.3bln), Net Income 3.96bln (exp. 4.38bln), EBIT 5.91bln (exp. 6.34bln). June: Sales in local currencies in the month of June 2026 are expected to be on par with the same month the previous year. Inventory: The tighter inventory management has, however, in some cases affected our ability to fully meet demand. Our assessment is that there is potential to further increase precision in order to create a better balance between availability and demand. One-time costs: Made changes to reduce the complexity of the organisation, which resulted in one-time costs of SEK 679mln during the quarter. (H&M)