Additional European Equity News

AstraZeneca (AZN LN) - Co.'s Datroway has been recommended for approval in the EU as 1st-line treatment for patients with metastatic triple-negative breast cancer who are not candidates for immunotherapy. (AstraZeneca)Bridgepoint (BPT LN) - Co. announces the acquisition of Kanye Anderson Real Estate for an upfront enterprise value of c. USD 1.39bln. (Bridgepoint) It was earlier reported by the FT that this acquisition would be valued at c. USD 1blnBT Group (BT/A LN) - Co. has agreed to form a JV with Verizon (VZ), combining their respective international operations in a 50:50 joint venture, creating a new company focused on multinational connectivity. The JV will serve more than 3,000 customers across more than 180 countries, representing c. USD 4bln in combined annual revenue. Following the announcement, BT updated its guidance: cuts FY27 adj. revenue between GBP 17.1-17.6bln (prev. guided GBP 19-19.5bln) and Adj. EBITDA between GBP 8.1-8.2bln (prev. guided GBP 8.2-8.3bln). (BT Group)Cellnex (CLNX SM) - Co. completes EUR 500mln share buyback. (Cellnex)Ferrexpo (FXPO LN) - Co. says it is continuing to run one of four pellet lines and is now working on capital runway beyond the end of August. (Newswires)Kalmar (KALMAR FH) - Co. has been awarded a contract with the Port of Helsingborg for electric reachstacker procurement. (Kalmar)Peab (PEABB SS) - Co. has signed a SEK 1.44bln contract to build a data centre in Kouvola. (Peab)Plus500 (PLUS LN) - Co. announces the launch of sports event-based contracts in the US, CFTC-regulated financial contracts that represent the highest-engagement category in prediction markets and significantly expand the Group's addressable market. (Plus500)Relx (REL LN) - Co. to buy back up to GBP 100mln of shares between July 1st-21st as part of its GBP 2.25bln buyback programme. (Relx)Skanska (SKAB SS) - Co. has signed a SEK 3.5bln contract with AshbyCapital to build a 23-story commercial office in London. (Skanska)Soitec (SOI FP) - Co. partners with ZenSemi to scale 300mm BCD-on-SOI production; no terms disclosed. (Soitec)Adecco (ADEN SW) reiterated with Buy at Goldman SachsEssilorLuxottica (EL FP) reiterated with Buy at Goldman Sachs