Additional European Equity News - 10th November 2026

Capita (CPI LN) - OFGEM proposes to disallow up to GBP 24mln in costs for Smart DCC in regulatory year 2025/26. (Capita) Casino (CO FP) - Q3 2026 (EUR): Revenue 1.95bln (prev. 2bln Y/Y). Confirms outlook. Agrees in principle to financial restructuring terms, and targets implementation by end-March 2027. (Casino) DCC (DCC LN) - H1 2026 (GBP): Revenue 7.29bln (prev. 6.06bln Y/Y), Adj. EPS 120.46p (prev. 95.87p Y/Y). Recommended acquisition of DCC Energy by the consortium led by Energy Capital Partners and KKR announced and approved by shareholders. Consistent with the terms of the recommended acquisition and, as set out in the Scheme Document, no interim dividend will be paid in November 2026. (DCC) Ferrexpo (FXPO LN) - Ferrexpo advises that there have been further attacks on Ukrainian electricity infrastructure, including transmission lines and substations. As a result, the supply of electricity to the Group's operations is currently unstable and insufficient to sustain production, and therefore it has been decided to temporarily stop production. There has been no damage to Ferrexpo's assets and the Group is currently able to supply its European customers from existing inventory stockpiles. An update will be provided as and when appropriate. (Ferrexpo) Jet2 (JET2 LN) - Jet2 announces the transition of its ordinary shares from the AIM market to the Main Market of the London Stock Exchange, scheduled for 8:00 a.m. on 8 December 2026. This transfer does not involve the issuance of new securities and is anticipated to position the company for future inclusion in the FTSE 250 Index. Inditex (ITX SM) - Co. is reportedly backing a fund which would grant low-cost loans to suppliers that invest in energy-efficient measures to reduce the brand's carbon footprint, Bloomberg reports. (Bloomberg) Marks & Spencer (MKS LN) - Co. targets medium-term mid-to-high single digit sales growth and profit growth ahead of sales. (Marks & Spencer) Playtech (PTEC LN) - 2026 Trading Update: Adj. EBITDA expected to be above EUR 300mln. Following an extended period of investment developing an innovative product based on Past Motor Racing (PMR) results, Playtech benefitted materially from being first to market with Hard Rock Digital with PMR in H1 and revenues continued to perform strongly in H2. However, as previously flagged, the introduction of other third-party PMR suppliers is underway and is now expected to have a more material impact on Playtech’s wallet share into 2027. (Playtech) Travis Perkins (TPK LN) - Co. confirms that the Group has agreed to divest its Toolstation Benelux business as a standalone entity for cash consideration of EUR 1 to Fidelium Partners. The Group will make a final capital injection of approximately GBP 35mln to strengthen Toolstation Benelux’s financial position; transaction expected to end before year end. (Travis Perkins) Vodafone (VOD LN) - H1 2026 (GBP): Revenue 21.9bln (exp. 21.5bln), Adj. EBITDAaL Organic Growth 6.5bln (prev. 5.7bln Y/Y). Announces an interim dividend/shr of 2.306 eurocents, +2.5% Y/Y. Upgrades FY27 Adj. EBITDAaL outlook 13.2-13.4bln (prev. guided 13-13.3bln). Also raises Adj. FCF 2.8-3bln (prev. guided 2.6-2.9bln). CEO: "I am very happy about our overall Group performance, but Germany is not yet where it needs to be. We have a clear action plan in progress, which is structurally simplifying our German operations and improving customer satisfaction across all of our services". (Vodafone) Watches of Switzerland (WOSG LN) - H1 (GBP): Revenue 974mln, +15% Y/Y. Lifts FY27 Revenue growth to 7-10% (prev. guided 5-10%), and Adj. Margin Expansion to 60-80bps (prev. guided 40-80bps). (Watches of Switzerland)