Additional European Equity News - 17th September 2026

Akzo Nobel (AKZA NA) - UK CMA launches a probe in Akzo's deal with Axalta, considering whether the merger may lessen competition. Decision to be delivered on November 11th. (Gov.uk) Amundi (AMUN FP) - Co. announces the acquisition of a 9.9% economic stake in ICG, representing a total investment of approximately EUR 620mln. (Amundi) Bayer (BAYN GY) - Co. announces that the US FDA approved KERENDIA to reduce urinary albumin-to-creatinine ratio, which is expected to reduce the risk of sustained eGFR decline and end-stage kidney disease in adults with CKD associated with type 1 diabetes. (Bayer) Bilfinger (GBF GY) - Co. cuts its FY26 outlook; now sees revenue EUR 5.3-5.7bln (prev. guided EUR 5.4-5.9bln), EBITA margin 3.2-3.6% (prev. guided 5.8-6.2%). Highlights increasing investment restraint due to the continued conflict in the Middle East. Confirms mid-term targets for 2030. (Bilfinger) Drax Group (DRX LN) - Trading Update: Expects FY26 Adj. EBITDA at the top end of consensus estimates range. (Drax) Ferrari (RACE IM) - Co. signs a partnership agreement with Rakuten (4755 JT); effective January 1st, 2027. (Globe Newswire) Next (NXT LN) - H1 2026 (GBP): Total Revenue 3.45bln (exp. 3.42bln), Pretax Profit 569mln (exp. 562mln). Raises FY26 Pretax Profit guidance to GBP 1.26bln (prev. guided 1.24bln). (Next) Stora Enso (STERV FH) - Co. appoints current CFO Rosenlew as Deputy CEO, effective immediately. (Stora Enso) Watches of Switzerland (WOSG LN), Richemont (CFR SW) - Swiss Watch Exports (Aug YY) - 9.1% (prev. 9.6%). Unite Group (UTG LN) - Reservations Update: 95% of Unite beds reserved for the 2026/27 academic year, expects 0.5-1.0% LFL income growth for 2026/27. Backs FY26 Adj. EPS guidance. (Unite) Kingfisher (KGF LN) upgraded to Hold from Sell at Deutsche Bank Moncler (MONC IM) upgraded to Outperform from Market Perform at Societe Generale