Additional European Equity News

BP (BP/ LN) - Q2 2026 (USD): Revenue 69.1bln (exp. 67.7bln) Operating Cash Flow 10.86bln (exp. 10.09bln), Adj. Net Income 5.73bln (exp. 5.01bln). FY Guidance: Expects upstream production between 2,180 and 2,270 mboepd, continued progress in growing cash flows in the customer business, throughput between 1,360 and 1,410 mbpd. CEO: "We also took steps to simplify and strengthen bp. In recent weeks, we sold our Gelsenkirchen refinery, agreed to sell our retail business in Austria and announced our intention to sell our North Sea business in the UK. Today, we are announcing our intention to sell Archaea, our biogas business in the US. But there are areas where our performance fell short. Operationally, our plants didn't run as well as they did last quarter - upstream plant reliability was 92.4%, compared to 95.7%, and production was down and our refineries processed less crude. This was due, in part, to planned maintenance and the conflict in the Middle East, but this is a reminder that we have more to do to deliver consistent operational performance." (BP)Coca-Cola Europacific (CCEP LN) - H1 2026 (GBP): Revenue 10.72bln, +4.4% Y/Y; Adj. EPS 2.20, +9.2% Y/Y. Backs its FY26 view. (Coca-Cola Europacific)ConvaTec (CTEC LN) - H1 2026 (USD): Revenue 1.23bln (prev. 1.18bln), Adj. Operating Profit 262mln (prev. 252mln Y/Y), announces a USD 200mln share buyback. (ConvaTec)Fresnillo (FRES LN) - H1 2026 (GBP): Revenue 3.38bln (prev. 1.94bln Y/Y), EBITDA 2.35bln (prev. 1.10bln Y/Y), Silver production 22.05mln oz (prev. 24.88mln oz Y/Y), Gold production 290.89mln oz(prev. 313.84mln oz Y/Y). The decline in silver production was mainly due to the end of the contribution from the Silverstream, the lower ore grade and decrease in volume of ore processed at Saucito, the lower ore grade at Juanicipio, Fresnillo and San Julián Veins, and the lower ore grade and recovery rate, and decreased volume of ore processed at Ciénega. The decline in gold production was due to the lower ore grade at Herradura resulting from reduced volumes of high-grade ore processed at the Dynamic Leaching Plant I, due to a fissure in the ball mill. FY26 outlook remains unchanged. (Fresnillo)Rotork (ROR LN) - H1 2026 (GBP): Revenue 367.2mln (prev. 367.3mln Y/Y), Order intake 371.8mln (prev. 391.1mln Y/Y), Adj. operating profit 82.2mln (prev. 80.8mln Y/Y). Says the Board has agreed to the terms of ABB's (ABBN SW) acquisition offer of 506p/shr. FY26 outlook unchanged. (Rotork)Segro (SGRO LN), Prologis (PLD) - Cos have reached an agreement on the terms of a recommended share offer. Prologis is to acquire Segro USD 18.8bln, expected to close in H1'27. Segro shareholders to receive of up to 10.14p/shr. (Segro)Smith+Nephew (SN/ LN) - H1 2026 (GBP): Revenue 3.10bln (prev. 2.96bln Y/Y), Operating Profit 448mln (prev. 429mln Y/Y). Guides FY26 revenue growth to "around" 4% (prev. guided "around" 6%), trading profit, FCF and Adj. ROIC unchanged. CEO: "The updated revenue guidance reflects both the soft first half and our expectation for a step-up in the second half. Orthopaedics is not where we want it to be, but we expect growth to accelerate as we fill portfolio gaps, starting later this year and continuing into 2027." (Smith+Nephew)Travis Perkins (TPK LN) - H1 2026 (GBP): Revenue 2.26bln (prev. 2.3bln Y/Y), Adj. Operating Profit 67mln (prev. 63mln Y/Y). Says they are seeing encouraging early progress in its operational turnaround. However, the UK construction sector remains subdued with activity levels remaining depressed during the first half. In addition, given wider geopolitical and macroeconomic events, building materials price inflation remains hard to forecast. (Travis Perkins)Wizz Air (WIZZ LN) - Reports July passengers of 8.36mln, +31.6% Y/Y. (Wizz Air)