Additional European Equity News - 29th September 2026
European equity news includes Close Brothers' cost-saving targets, Legrand's raised 2030 margin goal, Shell's LNG Canada FID, Senior's acquisition timetable, Pirelli's Italian decree, and Metso's broker downgrade.
News detail
Close Brothers (CBG LN) - Guides over GBP 60mln in cost savings by the end of FY27. (Close Brothers) Pirelli (PIRC IM) - Co. received a golden power decree in Italy in relation to defence activities. (Newswires) Senior (SNR LN) - In relation to the BidCo-Senior cash acquisition. On 26 May 2026, Senior announced that at a Court Meeting and General Meeting held on that date, all shareholder resolutions relating to the Acquisition were approved by the requisite majorities. Senior confirms that the Sanction Hearing has been scheduled to be held on 6 October 2026. Subject to satisfaction of the remaining Conditions, the Scheme is expected to become Effective on 8 October 2026. (Senior) Shell (SHEL LN) - Co. takes final investment decision on LNG Canada project. (Newswires) Legrand (LR FP) - Raises 2030 adj. operating margin target to 21-22% (prev. guided 20%). (Newswires) Metso (METSO FH) downgraded to Hold from Buy at Danske Bank
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