Additional European Equity News - 2nd October 2026
The October 2 digest covers corporate updates, results, passenger growth, an acquisition, a CMA inquiry, broker rating changes and Volvo Cars’ FY26 outlook.
News detail
AstraZeneca (AZN LN) - Co., with Daiichi Sankyo (4568 JT), announces a clinical collaboration with Summit Therapeutics to evaluate Datroway in combination with ivonescimab across multiple tumour types. (AstraZeneca) IG Group (IGG LN) - Q3 Trading Update (GBP): Total Revenue expected around 240mln, -14% Y/Y, to reflect lower OTC revenue retention. FY26 total revenue growth expected to be in mid-single-digit percentage. (IG Group) Italgas (IG IM) - Co. signs an agreement with Marubeni Corporation and Toho Gas to acquire 100% of Meet Europe Natural Gas for EUR 120mln. (Italgas) JD Wetherspoon (JDW LN) - FY 2026 (GBP) Revenue 2.24bln (prev. 2.13bln Y/Y), Pretax Profit 58.6mln (prev. 81.4mln Y/Y), Operating Profit 120.2mln (prev. 146.4mln Y/Y), LFL Sales +8.6%. Expects Pretax Profit in line with expectations. (JD Wetherspoon) Ryanair (RYA ID) - Reports September Passengers of 20.1mln, +4% Y/Y. (Ryanair) Telefonica (TEF SM) - UK CMA says an inquiry found Nexfibre's acquisition of Substantial could cut competition in Fixed Broadband Services. Invites Nexfibre and Substantial to submit a remedy proposal within 14 days. (Gov.uk) Nexfibre is a JV between Liberty Global and Telefonica Volvo Cars (VOLCARB SS) - Co. will not fulfill the previous FY26 outlook statements on volume and cash flow due to the increasingly challenging market situation and deteriorating near-term market outlook. The decline is primarily driven by further deteriorating market conditions in China and slower than expected recovery in the US, while Europe remains resilient. (Volvo Car) Shares are indicated lower by 4.6% on Tradegate Wizz Air (WIZZ LN) - Reports September Passengers of 7.78mln, +24.2% Y/Y. (Wizz Air) Hensoldt (HAG GY) upgraded to Buy from Hold at Kepler Cheuvreux Siemens (SIE GY) downgraded to In Line from Outperform at Evercore
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