Additional European Equity News

Akzo Nobel (AKZA NA) - Co. confirms they have received the EUR 7.5bln offer from Nippon Paint for its decorative paints business. Co. says the proposal significantly undervalues its decorative paints business and continues to recommend a merger with Axalta. (Akzo Nobel) Nippon Paint confirmed earlier reporting that it has put in an offer for Akzo's paints businessDerwent London (DLN LN) - Co. signs GBP 100mln unsecured RCF with Handelsbanken on a 5-year term. (Derwent London)GSK (GSK LN) - Co. announces positive interim results in its phase II AZUR-1 trial of Jemperli in patients with dMMR/MSI-H locally advanced rectal cancer. The single-arm trial met its primary objective, showing a meaningful and sustained clinical complete response rate at 12 months. (GSK)Infineon (IFX GY) - Co. says they have signed an MoU with LS Electric (010120 KS) to collaborate on direct current power systems for AI data centres. (Infineon)Plus500 (PLUS LN) - H1 2026 (USD): Revenue 462.9mln (prev. 415.1ln Y/Y), EBITDA 187.5mln (prev. 185.1mln Y/Y), Consumer Income 460.8mln (prev. 371.5mln Y/Y); expects FY26 revenue and EBITDA to be in-line with current market expectations. (Plus 500)Rank (RNK LN) - Co. appoints Richard Harris as CEO, effective immediately. (Rank)Stellantis (STLAM IM/STLAP FP) - Co. says Q2 consolidated shipments is estimated at 1.6mln units, +10% Y/Y. North America shipments +38% Y/Y, driven by new product launches, while Europe also posted Q2 growth. (Stellantis)AstraZeneca (AZN LN) downgraded to Hold from Buy at HSBCCaixaBank (CABK SM) downgraded to Underperform from Neutral at Autonomous ResearchComputacenter (CCC LN) upgraded to Buy from Hold at Stifel NicolausDocMorris (DOCM SW) upgraded to Buy from Hold at Deutsche BankEMS-Chemie (EMSN SW) upgraded to Hold from Reduce at Kepler CheuvreuxFraport (FRA GY) upgraded to Outperform from Neutral at BNP ParibasPernod Ricard (RI FP) reinitiated with Underweight at Morgan StanleyRexel (RXL LN) reinitiated with Outperform at BNP ParibasSFS Group (SFSN SW) upgraded to Add from Reduce at AlphaValue