Additional European Equity News

3i Group (III LN) - AGM and portfolio update: LFL sales growth 3.3% YTD, new store openings of 105 are on track with Action's expansion plans for 2026. (3i Group)Airbus (AIR FP), Safran (SAF FP) - Cos have reportedly acquired a stake in Aubert & Duval from Tikehau, according to Bloomberg. (Bloomberg)Balfour Beatty (BBY LN) - Co. has been awarded a 2-year contract worth GBP 325mln by SSEN to deliver the Netherton Hub in Aberdeenshire, Scotland. (Balfour Beatty)Barclays (BARC LN) - Co. announces the completion of its share buyback programme that was announced on April 29th. (Barclays)easyJet (EZJ LN) - Co. announces that the board has unanimously rejected Castlelake's fourth proposal to acquire the Co. for GBP 6.50/shr, stating that the offer substantially undervalues the airline. Additionally, the board has requested a 9-day extension of the PUSU deadline, requiring Castlelake to announce a firm intention to make an offer by July 5th. (easyJet)H&M (HMB SS) – Q2 2026 (SEK): Sales 54.8bln (exp. 55.3bln), Net Income 3.96bln (exp. 4.38bln), EBIT 5.91bln (exp. 6.34bln). June: Sales in local currencies in the month of June 2026 are expected to be on par with the same month the previous year. Inventory: The tighter inventory management has, however, in some cases affected our ability to fully meet demand. Our assessment is that there is potential to further increase precision in order to create a better balance between availability and demand. One-time costs: Made changes to reduce the complexity of the organisation, which resulted in one-time costs of SEK 679mln during the quarter. (H&M) Serco (SRP LN) - H1 Trading Update (GBP): Revenue c. 2.5bln, maintains its FY revenue guidance of around 5bln, with organic growth of c. 3%. (Serco)1&1 AG (1U1 GY) upgraded to Overweight from Equal Weight at Barclays.Qiagen (QIA GY) initiated with Hold at Kepler Cheuvreux.Sampo Oyj (SAMAS FH) reinitiated with Buy at Kepler Cheuvreux.Vonovia (VNA GY) upgraded to Buy from Hold at Deutsche Bank.Partners Group (PGHN SW) cut to Underperform from Hold at Jefferies.