Additional European Equity News - 2nd November 2026
ORIGINAL · NewsquawkAdditional European Equity News - 2nd November 2026Read originalHide original
BP (BP/ LN) - Co. completes the sale of a 65% stake in Castrol to Stonepeak, with USD 6bln in after-tax proceeds to be used to further reduce financial obligations. (BP) CVC (CVC NA) - CVC and JCorp are reportedly looking to sell their KFC and Pizza Hut businesses, The Edge reports. (The Edge) LondonMetric (LMP LN) - Co. CFO McGann is to retire in the summer of 2027. (LondonMetric) LSE Group (LSEG LN) - Co. begins its share buyback programme of up to GBP 650mln. (LSEG) Metlen Energy (MTLN LN), Shell (SHEL LN) - Cos. sign a five-year LNG supply agreement, under which Shell will supply Metlen with six cargoes annually from 2027, sourced primarily from its US LNG portfolio. (Metlen Energy) SES (SESG FP) - Co. signs an agreement with Finnair (FIA1S FH) to equip 18 E195-E2 aircraft with multi-orbit in-flight connectivity. (SES) Aixtron (AIXA GY) upgraded to Buy from Hold at Kepler Cheuvreux British American Tobacco (BATS LN) upgraded to Buy from Neutral at Goldman Sachs Novartis (NOVN SW) downgraded to Sell from Hold at Deutsche Bank Saab (SAABB SS) initiated with Neutral at JPMorgan Tesco (TSCO LN) reinitiated with Buy at Citi
The 2 November roundup reports BP's Castrol sale, a LSEG buyback, LNG and connectivity agreements, a reported CVC/JCorp sale intention, a future CFO retirement, and analyst-rating changes.
News detail
BP (BP/ LN) - Co. completes the sale of a 65% stake in Castrol to Stonepeak, with USD 6bln in after-tax proceeds to be used to further reduce financial obligations. (BP) CVC (CVC NA) - CVC and JCorp are reportedly looking to sell their KFC and Pizza Hut businesses, The Edge reports. (The Edge) LondonMetric (LMP LN) - Co. CFO McGann is to retire in the summer of 2027. (LondonMetric) LSE Group (LSEG LN) - Co. begins its share buyback programme of up to GBP 650mln. (LSEG) Metlen Energy (MTLN LN), Shell (SHEL LN) - Cos. sign a five-year LNG supply agreement, under which Shell will supply Metlen with six cargoes annually from 2027, sourced primarily from its US LNG portfolio. (Metlen Energy) SES (SESG FP) - Co. signs an agreement with Finnair (FIA1S FH) to equip 18 E195-E2 aircraft with multi-orbit in-flight connectivity. (SES) Aixtron (AIXA GY) upgraded to Buy from Hold at Kepler Cheuvreux British American Tobacco (BATS LN) upgraded to Buy from Neutral at Goldman Sachs Novartis (NOVN SW) downgraded to Sell from Hold at Deutsche Bank Saab (SAABB SS) initiated with Neutral at JPMorgan Tesco (TSCO LN) reinitiated with Buy at Citi
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