Additional European Equity News
Amadeus IT (AMS SM) - H1 2026 (EUR): Revenue 3.33bln (prev. 3.26bln Y/Y), Operating Income 943mln (prev. 938mln Y/Y), Net Profit 700mln (prev. 727.4mln Y/Y). Cut its FY26 revenue growth guidance to mid-to-high single digits (prev. guided high single digits) and Adj. diluted EPS growth to high single-digit to low double-digit (prev. guided low double-digit). (Amadeus IT)AstraZeneca (AZN LN) - Co. announces that Datroway has been approved in the EU as monotherapy for the 1st-line treatment of adult patients with unresectable or metastatic triple-negative breast cancer who are not candidates for PD-1/PD-L1 inhibitor therapy. (AstraZeneca)BMW (BMW GY), Aumovio (AMV0 GY) - The Cos have settled a dispute related to a past warranty case in connection with an integrated brake system. Aumovia is to pay BMW EUR 350mln. (EQS)BP (BP/ LN) - Co. says it is launching a process to market its North Sea business for potential sale as part of a portfolio review. (BP) Previously, talks around these assets were held with Ithaca Energy (ITH LN)Commerzbank (CBK GY), UniCredit (UCG IM) - Commerzbank's CEO has reportedly told employees that there will be further talks with UniCredit about a potential merger, Handelsblatt reports. (Handelsblatt)Forvia (FRVIA FP) - H1 2026 (EUR): Revenue 10.51bln (exp. 10.3bln), Operating Margin 6% (exp. 5.8%), Net debt 5.5bln (exp. 5.9bln), confirms its FY26 guidance. (Forvia)Hensoldt (HEN GY) - H1 2026 (EUR): Revenue 1.2bln (prev. 0.9bln), Order Intake 2.8bln (prev. 1.4bln), Order Backlog 10.35bln (prev. 7bln), adj. EBITDA 137mln (prev. 107mln). FY Guidance Confirmed: Revenue 2.75bln (exp. 2.76bln). (EQS)IAG (IAG LN) - H1 2026 (GBP): Revenue 16.06bln (prev. 15.91bln Y/Y), Operating Profit 1.61bln (prev. 1.88bln Y/Y), Profit after tax 1.03bln (prev. 1.30bln Y/Y). Expects demand for travel to remain strong, currently around 57% booked for H2'26 and continues to expect to recover around 60% of the higher fuel cost. Capacity is now expected to be flat in 2026, compared to 2025. (IAG)IMI (IMI LN) - H1 2026 (GBP): Revenue 1.16bln (prev. 1.09bln Y/Y), Adj. Pretax Profit 209mln (prev. 190mln Y/Y), reconfirms FY26 guidance. (IMI)Intertek (ITRK LN) - H1 2026 (GBP): Revenue 1.77bln (prev. 1.67bln), LFL Revenue 1.75bln (prev. 1.67bln Y/Y), Operating Profit 309.7mln (prev. 276.3mln Y/Y), reiterates its FY26 outlook and on track to deliver its medium-term targets. (Intertek)ITV (ITV LN) - H1 2026 (GBP): Revenue 1.89bln (prev. 1.85bln Y/Y), Adj. EBITA 145mln (prev. 142mln Y/Y), Adj. EPS 2.2p (prev. 1.8p Y/Y), backs its FY26 view. Launches a GBP 100mln share buyback programme. (ITV)Melrose Industries (MRO LN) - H1 2026 (GBP): Revenue 1.87bln (prev. 1.72bln Y/Y), Operating Profit 347mln (prev. 310mln Y/Y), Pretax Profit 282mln (prev. 248mln Y/Y), remains FY26 guidance unchanged. Pauses its GBP 175mln share buyback programme, pending clarification of financial impact of the Garden Grove incident. (Melrose)NatWest (NWG LN) - Q2 2026 (GBP): Pretax operating profit 2.29bln (exp. 2.01bln). Total income 4.504bln (prev. 4.005bln Y/Y), Operating profit before tax 2.285bln (prev. 1.773bln Y/Y), Profit attributable to ordinary shareholders 1.603bln (prev. 1.236bln Y/Y), EPS 20.1p (prev. 15.3p Y/Y). NIM 2.49% (prev. 2.28% Y/Y, +21bps), RoTE 21.0% (prev. 17.7% Y/Y), Co. announced an interim dividend of 12.0p per share and that we will consider share buybacks from full year 2026, six months earlier than previously planned. (NatWest)Nestle (NESN SW) - Co. CEO says cost pressure as high in H1'26. In H2, the effect should be put into perspective for cocoa and coffee. Nevertheless, price developments are expected to remain volatile. (The Market)Pearson (PSON LN) - H1 2026 (GBP): Revenue 1.78bln (prev. 1.72bln Y/Y), Operating Profit 252mln (prev. 240mln Y/Y) Net Profit 149mln (prev. 166mln Y/Y), reiterates its FY26 guidance. (Pearson)Puma (PUM GY) - Q2 2026 (EUR): adj. Sales 1.69bln (exp. 1.66bln), adj. EBIT -42mln (exp. -55mln). FY Guidance confirmed. CEO "After a solid first quarter and a softer second quarter in line with expectations, we expect sales to improve sequentially in the second half of 2026". (EQS)Rightmove (RMV LN) - H1 2026 (GBP): Revenue 225.8mln (prev. 211.7mln Y/Y), Operating Profit 148.2mln (prev. 145.4mln Y/Y). Says over GBP 400mln capital returns is expected in the next 12 months, including c. GBP330mln of increased share buybacks, to be funded by a new GBP 200mln revolving credit facility alongside cash from operations. (Rightmove)Sainsbury (SBRY LN) - Co. announces that it has agreed to sell Argos to Swift Partners for at least GBP 120mln, with completion expected in February 2027. (Sainsbury)Shell (SHEL LN) - Co. agrees to sell BG Cyprus Limited to MOL Group for up to USD 720mln. (Shell)Taylor Wimpey (TW/ LN) - H1 2026 (GBP): Revenue 1.68bln (prev. 1.65bln Y/Y), Adj. Operating Profit 129.7mln (prev. 161mln Y/Y), expects market conditions to remain challenging for the remainder of the year. Announces a GBP 41.9mln share buyback programme. (Taylor Wimpey)ThyssenKrupp Nucera (NCH2 GY) - Prelim. Q3 2026 (EUR): Sales 145mln (exp. 108mln), EBIT 2ln (prev. 0), Order Intake 81mln (prev. 63mln). "Sales development was above previous expectations. The main reason for this was the earlier-than-expected recognition of sales from major new-build projects". (EQS)Arcadis (ARCAD NA) downgraded to Hold from Accumulate at KBCRentokil Initial (RTO LN) downgraded to Neutral from Outperform at BNP ParibasSiltronic (WAF GY) upgraded to Buy from Hold at Deutsche Bank