European Movers: HSBC (HSBA LN) +2.7%, Barratt Redrow (BTRW LN) +1.8%, Heineken (HEIA NA) +1.7%, BP (BP/ LN) -2.2%, Berkeley (BKG LN) -7.7%
Importance
Level 1
Barratt Redrow (BTRW LN) upgraded to Outperform from Sector Perform at RBC
Berkeley (BKG LN) - Trading Update: Affirms guidance. Berkeley expects to deliver pre-tax profit for FY26 of GBP 450mln, in line with guidance put in place two years ago, with around GBP 300mln of net cash. (Berkeley)
Energy Names - WTI and Brent have fallen below USD 100/bbl. Late in Tuesday's session, President Trump said the war is coming to an end, while a White House official said Trump is confident that an agreement will be reached soon.
HSBC (HSBA LN) added to Goldman Sachs European conviction list.
Heineken (HEIA NA) upgraded to Buy from Hold at HSBC
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