Additional European Equity News

Antofagasta (ANTO LN) - Q2 Production Update: Copper production 142k tonnes (exp. 156.4k tonnes), Copper sales 267.8k (prev. 324k Y/Y), Gold production 92.8k ounces (prev. 91.2k ounces), Molybdenum production 6.1k tonnes (prev. 7.4k tonnes Y/Y). Affirms FY guidance, with copper production expected to increase through the remainder of the year, supported by higher ore throughput and improving grades at both Los Pelambres and Centinela. (Antofagasta)B&M (BME LN) - Q1 2027 (GBP): Group revenue 1.43bln, +2% Y/Y; UK revenue 1.14bln, +0.3% Y/Y; France revenue 156mln,+14.6% Y/Y. Continues to deliver on Back to B&M basics plan. (B&M)Barratt Redrow (BTRW LN) - FY 2026 (GBP): Home completions 17.7k, +5% Y/Y, FY26 adj. items around GBP 159mln (prev. 275.9mln Y/Y). Targets 17.7k-18.2k homes sales for FY27. Co. also launches a new share buyback programme of c. GBP 386mln. Sees minimal house price inflation in FY27. (Barratt Redrow)Castellum (CAST SS) - Q2 2026 (SEK): Income 2.42bln (prev. 2.40bln Y/Y), Net operating income 1.7bln (prev. 1.63bln Y/Y), begins share buyback programme of up to SEK 3bln. (Castellum)Convatec (CTEC LN) - Co. CFO Ryder is to stand down. In terms of financial performance, H1 to be in line with expectations and to deliver double-digit adjusted EPS growth in 2026, driven by 5-7% organic revenue growth and adjusted operating margin of over 23%. (Convatec)Costain (COST LN), United Utilities (UU/ LN) - Co. extends pact with United Utilities. (Costain)Ferrexpo (FXPO LN) - Q2 Production Update: Total commercial production 963.4k tonnes (prev. 592.8k tonnes Q/Q), total pellet production 860.2k tonnes (prev. 524.9k tonnes Q/Q), forecasts that it has sufficient net accessible cash less lease obligations and funds blocked at MBaer to operate in this current constrained environment until early Q4 2026. (Ferrexpo)German Manufacturing - Low Rhine river water levels are forcing vessels to reduce loads, raising transport costs and disrupting manufacturers including Thyssenkrupp (TKA GY) and BASF (BAS GY), Bloomberg reports. The article notes that a 2018 comparable episode cost Germany approximately 0.4% of GDP. The disruption adds to headwinds for an already weak manufacturing sector, with the government recently having halved its 2026 GDP forecast to 0.5%; ECB board member Schnabel has also cited the Rhine as a potential upside inflation risk. (Bloomberg)Sweco (SWECB SS) - Co. has been awarded a multi-year framework agreement with water authorities in the Netherlands, valued at c. SEK 144mln. (Sweco)Zegona Communications (ZEG LN) - Q1 2027 (EUR): Adj. EBITDAaL 316mln (prev. 324mln Y/Y), Revenue 895mln (prev. 916mln Y/Y. (Zegona Communications)Evotec (EVT GY) downgraded to Hold from Buy at TD Cowen. Shares -2.6% in pre-market trade.