Additional European Equity News

Enagas (ENG SM) - H1 2026 (EUR): Net Income 126.9mln (prev. 176mln Y/Y), EBITDA 314mln (prev. 329.3mln Y/Y), Revenue 464.4mln (prev. 459.6mln Y/Y), affirms FY26 guidance. (Enagas)Fresnillo (FRES LN) - Q2 Production: Silver production 10.9mln ounces (prev. 11.1mln Q/Q), due to lower ore grade at Saucito and Cienega. Gold production 154.8k oz (prev. 136.1mln Q/Q), driven by increased volume of ore processed at Herradura. Affirms FY26 guidance. (Fresnillo)Hochschild Mining (HOC LN) - H1 Production: Silver equivalent 11.7mln ounces, gold equivalent 151.83k ounces. CEO: "We have delivered a solid operational performance during Q2, with Inmaculada and San Jose generating robust operating cash flow while Mara Rosa continued to make good progress as we execute our operational turnaround. Production improved at the mine compared with Q1, supported by greater plant stability, and initial positive signs from the transition to our new mining contractor, which we expect will drive further improvements through the second half of the year." (Hochschild Mining)Iberdrola (IBE SM) - H1 2026 (EUR): Revenue 22.47bln (prev. 22.1bln Y/Y), EBITDA 8.05bln (prev. 8.03bln Y/Y), Net Income 4.34bln (prev. 3.56bln Y/Y). (Iberdrola)JD Wetherspoon (JDW LN) - FY25 Trading Update: LFL sales +4% in the 12 weeks to 19 July 2025. CEO: "Profits for the year are likely to be below market expectations, with marginally lower sales than anticipated in the final quarter, combined with higher costs in the areas of food, labour, repairs, energy and business rates." (JD Wetherspoon)Naturgy (NTGY SM) - H1 2026 (EUR): Sales 10.1bln (prev. 9.96bln Y/Y), EBITDA 2.98bln (prev. 2.85bln Y/Y), Net Income 1.22bln (prev. 1.15bln Y/Y). (Naturgy)Rheinmetall (RHM GY) - Rheinmetall plans to more than double annual gunpowder output at its Aschau am Inn plant to 4,200 metric tons by 2028, Bloomberg reports. It will also produce over 1mln propellant charges, invest EUR 350mln at Aschau and nearly double staffing to 1,300, alongside EUR 300mln for plants in Switzerland and Spain. (Bloomberg)Sodexo (SW FP), Clariant (CLN SW) - Sodexo announces a new 5-year global partnership with Clariant. The agreement includes a wide range of soft and hard FM services from cleaning, to building, grounds maintenance and technical support. The scope covers more than 50 sites in 13 countries across key markets in Europe, Americas and Asia Pacific. (Sodexo)Svenska Cellulosa Aktiebolaget (SCAB SS) - Q2 2026 (SEK): Revenue 5.15bln (exp. 5.10bln), Adj. EBITDA 1.30bln (exp. 1.32bln). (Svenska Cellulosa Aktiebolaget)Volkswagen (VOW GY) - Co. is accelerating its driver assistance and autonomous vehicle push in China with Horizon Robotics, with Level 2 systems due on Chinese roads in Q3, and Level 3 models targeted for delivery from H2 2027, in line with China's planned rollout of higher autonomy standards in mass-market passenger cars. (Bloomberg)Mitie (MTO LN) downgraded to Hold from Buy at Deutsche BankTravis Perkins (TPK LN) downgraded to Underweight from Overweight at BarclaysWienerberger (WIE AV) downgraded to Neutral from Buy at Citi