Additional European Equity News

BP (BP/ LN) - Ousted Chairman Manifold was viewed by other directors in the Co. as being too aggressive, FT reports citing sources. Manifold pushed back on the allegations on Tuesday. (FT)

Ex-Dividends - National Grid (NG/ LN), ABF (ABF LN), Informa (INF LN), Severn Trent (SVT LN), Diploma (DPLM LN), Intertek (ITRK LN), DCC (DCC LN), Kingfisher (KGF LN), and Alliance Witan (ALW LN) will trade without entitlement to their latest dividend pay-out. (dividenddata) 

Computacenter (CCC LN) - Acquires Government Acquisitions Inc. for USD 92mln, which is expected to close on June 1, 2026. (Computacenter) 

Johnson Matthey (JMAT LN) - FY 2025 (GBP): Adj. PBT 271mln (prev. 245mln Y/Y), Revenue 12.6bln (prev. 11bln Y/Y). Co. to acquire Cormetech, materially enhancing scale in Clean Air Solutions. Transaction expected to complete at the end of June or in July 2026, following receipt of customary regulatory approvals. JM remains on track to deliver existing financial guidance on Group cash generation and shareholder returns. (Johnson Matthey)

Proximus (PROX BB) - Co. acquires Eurofiber's 50.01% stake in Unifiber for EUR 75mln. (Proximus) 

SSE (SSEG LN) - FY25/26 (GBP): Adj. EBITDA 3.21bln (prev. 2.35bln Y/Y), Adj. Pretax 2.03bln (prev. 2.15bln Y/Y). Financial results towards the upper end of guidance, reflecting strong operational performance. Resilient business mix means no immediate impact from macro volatility on performance outlook. FY Dividend of 47.3p/shr, +7% Y/Y. Guidance: EPS 168-193p (prev. 175-200p), due to equity issuance. (SSE) 

TotalEnergies (TTE FP) - Co. files for authorisation of its giant centre Manche Energies offshore wind project. (TotalEnergies) 

Qualcomm (QCOM) has secured ASIC customers beyond the confirmed deal with ByteDance, DigiTimes reports, citing sources. (DigiTimes)

Eli Lilly (LLY) / Novo Nordisk (NOVOB DC) - The French Health Minister announced that the anti-obesity drugs Mounjaro and Wegovy will be reimbursed by Social Security starting mid-June. (TF1Info)

Heineken (HEIA NA) downgraded to Hold from Buy at Deutsche Bank 

Wartsila (WRT1 V FH) downgraded to Neutral from Buy at UBS