Additional European Equity News - 13th October 2026

Balfour Beatty (BBY LN) - Co. announces the sale of its 50% holding in Gammon Construction for GBP 250mln. (Balfour Beatty) Bellway (BWY LN) - FY26 (GBP): Revenue 3.16bln (prev. 2.78bln Y/Y), Operating Profit 299.1mln (prev. 250.7mln Y/Y), Pretax Profit 270.2mln (prev. 221.9mln Y/Y). Proposes a total dividend increase to GBP 0.75/shr (prev. GBP 0.70/shr). Intends to return GBP 150mln to shareholders through share buybacks during FY27. (Bellway) BP (BP/ LN) - Q3 trading statement (USD): Net debt 13.5-14.5bln (prev. 22.3bln Q/Q), upstream production 2.19-2.24mln BOEPD (prev. 2.201mln BOEPD Q/Q), reflecting seasonal maintenance recovery partly offset by reduced equity interest in Latin America. Co. expects post-tax adjusting items of USD 3.0-4.5bln, primarily impairments in gas. (BP) Kongsberg Gruppen (KOG NO) - Co. is establishing a new manufacturing facility for sustainment and manufacturing of CUAS systems in Poland. (Kongsberg Gruppen) Land Securities (LAND LN) - Co. acquires an additional 10% stake in Bluewater, for a net cash consideration of GBP 95mln. (Land Securities) Plus500 (PLUS LN) - Co. announces the acquisition of Hedge, no terms disclosed. The purchase strengthens the foundations for the expected launch of the US 'super app' in Q1'27. (Plus500) Stellantis (STLAM IM/STLAP FP) - Reports Q3 estimated consolidated shipments 1.3mln, -1% Y/Y. By Region: North America -12%, Europe +10%, Middle East & Africa -21%, Asia Pacific -6% Y/Y. North America fell primarily due to planned production, while growth in Europe was driven by BEV shipments. (Stellantis) Whitbread (WTB LN) - H1 FY27 (GBP): Revenue 1.57bln (prev. 1.54bln Y/Y), Adj. Pretax Profit 287mln (prev. 316mln Y/Y). Remains confident in its FY27 outlook and the delivery of GBP 2bln to shareholders by FY31. (Whitbread) Orsted (ORSTED DC) downgraded to Neutral from Buy at Goldman Sachs