Additional European Equity News

Associated British Foods (ABF LN) - Commences second GBP 250mln tranche of prev. communicated GBP 500mln programme. (Newswires) 

Autos - Italy's Antitrust Agency opens a probe on BYD (2594 CH), Stellantis (STLAM IM/STLAP FP) and Volkswagen (VOW3 GY) for alleged misleading consumer information on EV vehicles (Newswires) 

GSK (GSK LN) - Bloomberg writes that the Co's "beaten-down shares seen at risk of new activist campaign". (Bloomberg)

Kingspan (KRX ID) - FY (EUR): Revenue 8.6bln (exp. 8.45bln), EBITDA 1.14bln (exp 1.1bln), EPS 3.65 (exp. 3.54) order backlogs are healthy for 2025, have sown the seeds for future growth. The UK market has been under pressure, Ireland was a standout positive performer. (Newswires) 

Saint Gobain (SGO FP) - Appoints Maud Thaudet CFO, effective Apr. 1st. (Newswires) 

ThyssenKrupp (TKA GY) - Remain open to dialogue and to other potential buyers; Prospective buyer of HKM, CE Capital has broken off talks on the acquisition 

Prosiebensat 1 (PSM GY) - MFE (MFEA IM) is reportedly considering a bid for Prosiebensat 1 after German elections, according to Handelsblatt citing sources. (Handelsblatt)

Citi (C), HSBC (HSBA LN), Morgan Stanley (MS), RBC (RY CA) - UK's CMA settles with banks in competition case, total fines of  GBP 100bln between each of them Deutsche Bank (DBK GY) has immunity (FT)

UK Retail Sales - Hotter than expected data out of the UK; UK Retail Sales MM (Jan) 1.7% vs. Exp. 0.3% (Prev. -0.3%, Rev. -0.6%); Retail Sales YY (Jan) 1.0% vs. Exp. 0.6% (Prev. 3.6%, Rev. 2.8%)

21 Feb 2025 - 07:10- EquitiesEU Research- Source: Newsquawk