Additional European Equity News
European markets saw significant activity including Segro's rejection of Prologis' bid, Big Yellow Group's revenue growth, and Partners Group's USD 15 billion infrastructure fund raise.
News detail
Big Yellow Group (BYG LN) - Q1 Trading Statement (GBP): Total revenue 53.2mln (prev. 51.5mln Y/Y), LFL store revenue 52.2mln (prev. 51.1mln Y/Y), expects H1 increase in store operating expenditure of 4% on a LFL basis. (Big Yellow Group)GSK (GSK LN) - Co. says Europe's EMA has accepted a submission to update Bexsero label for 1-dose Meningitis B booster in 10+ year olds. (GSK)Partners Group (PGHN SW) - Co. raises USD 15bln for a new infrastructure vehicle, Bloomberg reports. (Bloomberg)Segro (SRGO LN), Prologis (PLD) - Prologis made a third offer at GBP 9.93/shr and a partial cash alternative of up to GBP 2.7bln. Segro rejected this offer, as questions remain regarding leadership succession and that market evidence does not support a standalone share price consistent with Prologis' proposal. (Segro)Air Liquide (AI FP) upgraded to Overweight from Equal Weight at Morgan StanleyArkema (AKE FP) downgraded to Equal Weight from Overweight at Morgan StanleyClariant (CLN SW) downgraded to Underweight from Equal Weight at Morgan StanleyNokian Tyres (TYRES FH) downgraded to Sell from Hold at NordeaSandvik (SAND SS) upgraded to Buy from Hold at Kepler Cheuvreux
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