Additional European Equity News

Computercentre (CCC LN) - FY24 Update: Record H2 performance and number of major customers; continuing strong cash generation. (Newswires) 

Euronext (ENX FP) - Announced the signing of a binding agreement to acquire Nasdaq's Nordic Power futures business; no details disclosed. (Newswires) 

Foxtons (FOXT LN) - 2024 Trading Update: Revenue 163mln, +11% Y/Y. (Newswires) 

GSK (GSK LN) - Depemokimab accepted for review by the European Medicines Agency for use in asthma with type 2 inflammation and CRSwNP

Rentokil (RTO LN) - Guides FY results in line with views. Q4'24 organic rev. +3% Y/Y. (Newswires) 

Mercedes Benz (MBG GY) - Co. told investors in a call that it expected the adj. margin of its passenger car division to be above its current 6-7% forecast for Q4'24, according to analysts at Jefferies. (Newswires) 

SSP (SSP LN) - Q1 Trading Update: Says good trading momentum with LFL Sales +6%; FY guidance unchanged. (Newswires) 

S4 Capital (SFOR LN) - Q4 Update: Expects to slightly exceed consensus 2024 net rev. of GBP 746mln, EBITDA of GBP 84mln. (Newswires) 

THG (THG LN) - Frasers (FRAS LN) discloses approx. 4.78% filing. (Newswires) 

Heathrow Expansion - FT citing sources reports that the largest hurdle to expanding the airport is the scale and cost of construction. Sources say the current thought process favours updating pre-COVID plans for a significant expansion, rather than a smaller approach within the site's current boundaries. (FT)

UK Banking Names - UK FCA CEO Rathi says they will not be imposing a blanket rule preventing City bankers from using encrypted apps for unauthorised business communications. (FT)

UK CMA - The regulator's new CEO Gurr says they will be making merger and market investigations as "simple and rapid as possible". (FT)

Anglo American (AAL LN) downgraded to Market Perform from Outperform at SocGen

Swatch (UHR SW) downgraded to Underweight from Equal Weight at Morgan Stanley 

Kesko (KESKOB FH) upgraded to Buy from Hold at Danske Bank

28 Jan 2025 - 07:10- EquitiesEU Research- Source: Newsquawk