Additional European Equity News

Allianz (ALV GY) - Allianz GI has agreed to buy UOB's (UOB SP) asset management division for SGD 555mln. (Allianz)Beazley (BEZ LN) - H1 2026 (USD): Pretax Profit 237.7mln (prev. 502.5mln Y/Y), Insurance written premiums 3.05bln (prev. 3.19bln Y/Y), Net insurance written premiums 2.44bln (prev. 2.60bln Y/Y). CEO: "Our strong track record of using our agility and specialist expertise to manage market cycles and a challenging risk landscape positions us well to navigate the soft market and deliver sustainable value over the long term." (Beazley)Coca-Cola HBC (CCH LN) - H1 2026 (EUR): Pretax Profit 723.3mln (exp. 712.6mln), Comparable EBIT 760.1mln (exp. 731.1mln), Revenue 6.23bln (prev. 5.62bln Y/Y). Raises its FY26 guidance, now sees organic revenue growth at the top end of the 6-7% range (prev. guided 6.2%) and organic EBIT growth between 8-10% (prev. guided 7-10%). (Coca-Cola HBC)Ferrexpo (FXPO LN) - Co. has decided to temporarily suspend production of iron ore products from its mining and pelletising operations in Ukraine. Says they are currently able to supply its European customers from existing inventory stockpiles. (Ferrexpo)Glencore (GLEN LN) - H1 2026 (USD): Revenue 174.43bln (prev. 117.40bln Y/Y), Adj. EBITDA 10.12bln (exp. 9.81bln, prev. 5.43bln Y/Y), Adj. EBIT 6.65bln (prev. 1.80bln Y/Y). Announces additional shareholder returns of c. USD 1.5bln, comprising a USD 8.5/shr special cash distribution and USD 500mln buyback. Intends to apply for a secondary listing on the ASX. The listing is expected to strengthen the portfolio in one of the most important operating jurisdictions. (Glencore)Hiscox (HSX LN) - H1 2026 (USD): Pretax Profit 240.5mln (exp. 280.5mln), NAV/shr 12.35 (prev. 11.33 Y/Y), Insurance contract written premium 3.24bln (prev. 2.94bln Y/Y), Net insurance contract written premium 2.27bln (prev. 2.13bln Y/Y). CEO: "The outlook remains positive. In Retail, strong growth in the first half, powered by a broad base of initiatives, gives us confidence to upgrade Hiscox Retail's constant currency 2026 growth guidance to 9% for the full-year." (Hiscox)Legal & General (LGEN LN) - H1 2026 (GBP): Core Operating Profit 918mln (exp. 883mln), Operating Profit 920mln (exp. 901mln). On track to meet or exceed its strategic targets. (Legal & General)Next (NXT LN) - Trading Statement: Full price sales in Q2 +9.2% Y/Y, ahead of its forecast of +4.0%. Raising its FY profit guidance, now sees FY27 Pretax Profit at GBP 1.24bln (prev. guided GBP 1.21bln). (Next)Ryanair (RYA ID) - Reports July passenger traffic of 22.2mln, +7% Y/Y. (Ryanair)Santander (SAN SM), Webster Financial (WBS) - Santander and Webster Financial received Fed approval for Santander’s acquisition of Webster, following prior clearance from the Office of the Comptroller of the Currency on 12th June, and authorisation from the ECB on 21st July. The transaction has now secured the required regulatory approvals and is expected to close on 20th August. (Santander)Wolters Kluwer (WKL NA) - H1 2026 (EUR): Revenue 3.03bln (exp. 3.05bln), Adj. EBIT 893mln (exp. 881.3mln), reiterated FY26 guidance. (Wolters Kluwer)BBVA (BBVA SM) downgraded to Hold from Buy at Deutsche BankNexans (NEX FP) upgraded to Overweight from Neutral at JPMorgan