European Movers: Getlink (GET FP) +2.0%, Alstom (ALO FP) +1.6%, Close Brothers (CBG LN) +1.3%, Air Liquide (AI FP) +1.2%, Diageo (DGE LN) +0.6%, Unilever (ULVR LN) +0.5%, Casino -4.4%
Air Liquide (AI FP) upgraded to Buy from Hold at Kepler Cheuvreux
Alstom (ALO FP) - Alstom signs a new systems contract in the AMECA region, as part of a consortium; total project value of USD 2.75bln. (Alstom)
Casino (CO FP) – Final FY 2025 (EUR): Sales 8.26bln (exp. 8.32bln), Adj. EBITDA 655mln (prev. 576mln Y/Y). (Casino)
Diageo (DGE LN) upgraded to Buy from Hold at Deutsche Bank
Getlink (GET FP) - Mundys confirms it has raised its stake to 9.5%. Mundys will hold 19.0% of Getlink’s share capital and up to 24.9% of its voting rights confirming itself as one of the main shareholders of the company. (Getlink)
UK Motor Finance / Lloyds (LLOY LN) / Close Brothers (CBG LN) - UK says lenders face GBP 7.5bln car loan redress bill vs. prior GBP 8.2bln; FCA says estimated total bill to firms is down from 11bln to 9.1bln. (FCA)
Unilever (ULVR LN) - Co. confirms that it is in talks with McCormick (MKC), regarding its food unit. Work remains ongoing to agree and finalise a transaction and it is possible that an agreement could be concluded today. (Unilever)