European Movers: WH Smith (SMWH LN) +8.0%, Bayer (BAYN GY) +6.5%, BAE Systems (BA/ LN) +1.8%, ASM International (ASM NA) +1.6%, BMW (BMW GY) -4.9%, Mercedes Benz (MBG GY) -3.7%

WH Smith (SMWH LN) - Co. named Leo Quinn as Chair; effective Apr 7. (WH Smith)
Bayer (BAYN GY) - The U.S. Supreme Court announced that it will review the Durnell Roundup case. The company expects a decision on the merits during the Court’s 2026 session, which ends in June. (Bayer)
BAE Systems (BA/ LN) / Lockheed Martin (LMT) - Lockheed Martin and BAE Systems were each awarded contracts under the Defense Microelectronics Activity Advanced Technology Support Program V, sharing a USD 25.36bln ceiling. The 10yr ordering period includes a 5yr base and two option periods. Elsewhere, BAE Systems was awarded a USD 204.16mln US Navy contract for maintenance, modernisation and repair of USS Iwo Jima fiscal 2026 Selected Restricted Availability; options could raise the total to USD 255.88mln. (Newswires)
ASM International (ASM NA) - Q4 (EUR): Revenue 698mln (exp. 654.2mln, prev. guided 630-660mln), Orders 800mln (Q3 indicated 637mln); above consensus orders due to rebound from China. (ASM)
BMW (BMW GY) downgraded to Hold from Buy at Berenberg.