Additional European Equity News - 3rd September 2026

Crest Nicholson (CRST LN) - FY26 Trading Update: Cuts its FY completions to between 1,350-1,400 (prev. guided 1,400-1,500) and EBIT loss of around GBP 10mln (prev. guided profit of GBP 5-10mln). The reduction in profitability reflects lower expected completions following weaker open-market demand, and continued competitive pricing, particularly in bulk transactions, also resulting in some further NRV provisions on a small number of sites. (Crest Nicholson) Grafton (GFTU LN) - H1 2026 (GBP): Revenue 1.34bln (prev. 1.25mln Y/Y), Adj. Operating Profit 98.5mln (prev. 91mln Y/Y), Adj. Pretax Profit 93mln (prev. 86.8mln Y/Y). Remains on track to deliver full year adjusted operating profit of GBP 190-200 mln. (Grafton) LondonMetric (LMP LN) - Co. announces GBP 105mln of investment activity since the trading update in July. (LondonMetric) M&G (MNG LN) - H1 2026 (GBP): AUMA 387bln (exp. 383bln), Adj. Operating Pretax Profit 435mln (exp. 429mln), Solvency 2 Ratio 247% (exp. 239%), Operating Capital Generation 372mln (exp. 360mln). Raises its interim dividend to 6.8p/shr. Says they are well positioned to deliver strong long-term financial outcomes. (M&G) Volvo (VOLVB SS), Daimler Truck (DTG GY), Air Liquide (AI FP), TotalEnergies (TTE FP) - Cos, alongside other industry leaders, have joined forces to scale hydrogen mobility. The Cos will collaborate with German policymakers to establish a benchmark for a fully integrated hydrogen mobility ecosystem for heavy-duty transport. (Volvo) Watches of Switzerland (WOSG LN) - AGM Trading Update: Performance remained consistent with the positive trends and are well positioned to deliver on its FY27 guidance. Trading in the US remained strong and the UK continued to show further signs of market improvement. (Watches of Switzerland) Dunelm Group (DNLM LN) upgraded to Buy from Hold at Deutsche Bank Euronext (ENX FP) initiated with Overweight at Morgan Stanley Nibe Industrier AB (NIBEB SS) upgraded to Equal Weight from Underweight at Morgan Stanley Soitec (SOI FP) upgraded to Outperform from Neutral at Oddo Securities