Additional European Equity News

BBVA (BBVA SM) - Co. has lifted the impact of its capital ratio to 51bps (prev. 38bps), following the adjustment to the bid for Sabadell (SAB SM). (Newswires)

Casino (CO FP) - FY (EUR): net 295mln (prev. -5.66bln), revenue 8.47bln (prev. 8.96bln), same-store basis sales: group -2.6%, Franprix -0.5%, Cdiscount -12.5%, Casino -3.6% (Newswires)

Drax (DRAX LN) - Launches a GBP 75mln third tranche of its GBP 300mln share buyback programme. (Newswires) 

Kesko (KESKOB FH) - FY (EUR): Net Sales 11.92bln (exp. 11.78bln). Dividend proposal at AGM EUR 0.90/shr. (Newswires) 

Rightmove (RMV LN) - FY (GBP): Op. Profit 273.9mn (exp. 268.7mln). 2025: Expects rev. growth of 8-10% in 2025. (Newswires) 

Spectris (SXS LN) - FY (GBP): Adj. Pretax Profit 302.7mln (exp. 220.5mln), Sales 1.29bln (exp. 1.27bln). 2025: Expects to trade in line with market view returning to strong levels of growth in adj. op. profit. (Newswires) 

Pearson (PSON LN) - FY (GBP): Adj. Op 600mln (exp. 594mln), Revenue 3.55bln (exp. 3.61bln). Raises semi-annual dividend 5.7% to 16.60/shr. Plans a GBP 350mln share buyback. Positive outlook for 2025 in line with market expectations. (Newswires) 

IAG (IAG LN) - FY (EUR): Revenue 32.1bln (exp. 31.71bln). Q4: Adj. Net Income 392mln (exp. 503mln), Revenue 8.05bln (exp. 7.68bln). Announced share buyback of up to EUR 1bln within next 12 months. Guides: Expecting to deliver sustainable EPS growth. Strong customer demand continues. (Newswires) 

Weir (WEIR LN) - FY (GBP): Adj. Pretax 428mln (prev. 411mln Y/Y), Revenue 2.51bln (prev. 2.64bln Y/Y). Orders +2%. Acquires Micromine for GBP 657mln. (Newswires) 

UK Housing - UK Nationwide house price yy (Feb) 3.9% vs. Exp. 3.4% (Prev. 4.1%)  07:00  UK Data  UK Nationwide house price mm (Feb) 0.4% vs. Exp. 0.2% (Prev. 0.1%)

Logitech (LOGN SW) downgraded to Underperform at Bank of America 

28 Feb 2025 - 07:03- EquitiesEU Research- Source: Newsquawk