Additional European Equity News - 7th October 2026

Airbus (AIR FP), Boeing (BA) - Saudia Group is preparing a substantial aircraft order for national carrier Saudia and Flyadeal, with deliveries targeted for 2031-2040, Bloomberg reports. The purchase requires board approval, with aircraft intended for fleet expansion and replacement. It has been previously reported that Saudi was in early talks with Boeing and Airbus for at least 150 jets. (Bloomberg) Bridgepoint (BPT LN) - Trading Update: 2026 PRE and EBITDA expected to be materially in excess of current consensus, with PRE to be around 37-39% of total income. Increased PRE is expected to be sustained in the medium term at between 25-30% of total income, and EBITDA margin guidance for 2027 is raised to around 60% (prev. guided 55-60%). (Bridgepoint) British American Tobacco (BATS LN) - Co. begins its share buyback programme. (British American Tobacco) EU Autos - German Chancellor Merz and French President Macron have reportedly agreed to wanting to soften the EU-wide ban on internal combustion engines by more than previously planned, Handelsblatt reports. (Handelsblatt) Eurazeo (RF FP) - Co. acquires a majority stake in water efficiency firm Miya Water. (Eurazeo) Finnair (FIA1S FH) - Reports September load factor of 79.9%. (Finnair) IMI (IMI LN) - Co. agrees to buy iSMA CONTROLLI for EUR 63mln. (IMI) Metlen Energy & Metals (MTLN LN) - Co. is reviewing the potential listing of Metka on Euronext Athens. (Metlen Energy & Metals) Pennon (PNN LN) - Co. announces a capital raise of GBP 550mln via fully underwritten rights issue. (Pennon) Porsche (P911 GY) - Co. confirms its ambition of group operating return on sales of 10-15%. Targets medium-term Automotive net cash flow margin of 9-12% and Group sales of EUR 41-45bln. As a long-term strategic target, aims for a Group operating return on sales of 15% and an Automotive net cash flow margin of 12%. Wants to increase the average selling price of top-end models by around 20% in the medium term. Announces job cuts of 9k jobs. CEO: “Our strategy will lay the groundwork to make Porsche significantly more efficient, productive and profitable in three phases. At the moment, the main focus is on reducing costs and making the company more financially robust. We have already achieved some important milestones.” (Porsche) Shell (SHEL LN) - Q3 Trading Update: Sees Q3 gas production between 740-780k BOEPD and upstream production between 1,735-1,835k BOEPD. (Shell) BE Semiconductor (BESI NA) downgraded to Sell from Buy at UBS Inchcape (INCH LN) downgraded to Neutral from Buy at UBS