Additional European Equity News

3i Group (III LN) - Q1 FY2027 (GBP): NAV/share 3,131p (prev. 3,030p), Total return 3% Q/Q, Gross cash 724mln (prev. 664mln), Net debt 481mln (prev. 547mln), Gearing 2% (prev. 2%). (3i Group)AJ Bell (AJB LN) - Q3 FY2026 (GBP): Platform AUA 121.5bln (prev. 96.1bln Y/Y), Total AUM 11.4bln (prev. 8.1bln Y/Y), Platform gross inflows 6.0bln (prev. 4.0bln Y/Y), Platform net inflows 3.0bln (prev. 2.1bln Y/Y), Investment business net inflows 0.8bln (prev. 0.4bln Y/Y), Platform customers 762k (prev. 620k Y/Y). (AJ Bell)AstraZeneca (AZN LN) - Co. announces that Etcamah in combination with a CDK4/6 inhibitor approved in the EU for 1st-line advanced ER-positive breast cancer. Approval based on SERENA-6 Phase III trial results which showed combination reduced the risk of disease progression or death by 56% in patients with an emergent ESR1 tumour mutation. (AstraZenceca)Airtel Africa (AAF LN) - Q1 2026 (GBP): Revenue 1.85bln (prev. 1.42bln Y/Y), Operating profit 627mln (prev. 446mln Y/Y), Profit after tax 198mln (prev. 156mln Y/Y). (Airtel Africa)Anglo American (AAL LN) - Q2 2026: Copper production 173kt (prev. 173kt Y/Y), Premium iron ore production 15.4Mt (prev. 15.9Mt Y/Y), Manganese ore production 908kt (prev. 746kt Y/Y), Diamonds production 7.8Mct (prev. 4.1Mct Y/Y), Steelmaking coal production 2.0Mt (prev. 2.1Mt Y/Y), Nickel production 9.1kt (prev. 9.5kt Y/Y). Co. affirms 2026 production guidance. (Anglo American)  Bankinter (BKT SM) - H1 2026 (EUR): Net Interest Income 1.160bln (prev. 1.101bln Y/Y), Net Fee Income 440mln (prev. 380mln Y/Y), Gross Operating Income 1.603bln (prev. 1.494bln Y/Y), PBT 853mln (prev. 766mln Y/Y), Net Profit 605mln (prev. 542mln Y/Y). (Bankinter)BT (BT/A LN) - Q1 FY2027 (GBP): Revenue 4.325bln (prev. 4.342bln Y/Y), Adj. Revenue 4.322bln (prev. 4.337bln Y/Y), Adj. UK service revenue 3.843bln (prev. 3.863bln Y/Y), Adj. EBITDA 2.013bln (prev. 2.029bln Y/Y), PBT 505mln (prev. 526mln Y/Y). Revenue flat Y/Y, Adj. EBITDA -1% Y/Y. FY27 and multi-year financial outlook reaffirmed. (BT)Centrica (CNA LN) - H1 2026 (GBP): Adj. Net Income 307mln (exp. 253.5mln), Adj. Operating Profit 497mln (exp. 408.5mln), Adj. EBITDA 737mln (prev. 900mln Y/Y), Adj. EPS 6.8p (prev. 7.0p Y/Y). Interim dividend 2.0p (prev. 1.83p Y/Y, +9%). Sees group earnings weighted to the first half, expects 2027 EBITDA similar to 2026 outlook, long-term targets unchanged (GBP 2.0bln Adj. EBITDA and doubling EPS by 2030), completed Severn CCGT acquisition, confirmed life extensions for Heysham 1 and Hartlepool and Sizewell B extension/CfD, rateable infrastructure portfolio on track for c.GBP 175mln FY Adj. EBITDA. (Centrica)easyJet (EZJ LN) - Q3 Trading Update (GBP): Headline PBT 85mln (prev. 286mln Y/Y), Passengers 25.8mln. The final outcome for FY26 remains dependent on the important remaining bookings, as well as fuel prices, which continue to be volatile. Sees FY26 ASK capacity expected to grow c. 6% Y/Y with seats expected to grow c. 3% Y/Y. easyJet holidays customers are expected to grow by low double digits in FY26. CEO: “As consumer confidence increases, we are seeing the load factor gap close for peak summer and an extension of the booking curve as customers continue to prioritise travel and take advantage of our great fares." (easyJet)FTSE 100 ex-dividend - SSE (SSE LN) will trade without entitlement to its latest dividend payout. (dividenddata)Getlink (GET FP) - H1 2026 (EUR): Revenue 824mln (exp. 811mln), EBITDA 404mln (exp. 401mln), Net Income 118mln (exp. 154mln), raises mid-point FY26 EBITDA to between 835-870mln (prev. guided 820-860mln). (Getlink)Howden Joinery (HWDN LN) - H1 2026 (GBP): Revenue 1.03bln (prev. 1.0bln Y/Y), Adj. Pretax Profit 122.2mln (prev. 117.2mln Y/Y). CEO: "We are well prepared for our peak trading period in the Autumn, supported by our best-ever product line-up across kitchens and joinery." (Howden Joinery)Indra (IDR SM) - H1 2026 (EUR): Revenue 3.179bln (prev. 2.450bln Y/Y), EBITDA 456mln (prev. 265mln Y/Y), EBIT 316mln (prev. 209mln Y/Y), Net Profit 219mln (prev. 215mln Y/Y), Free Cash Flow 1.487bln (prev. 65mln Y/Y), Net Cash 1.033bln (prev. Net Debt 4mln Y/Y). EBIT margin 9.9% (prev. 8.6% Y/Y), EBITDA margin 14.4% (prev. 10.8% Y/Y). Reiterates FY2026 guidance for revenue above EUR 7.0bln (constant currency), EBIT above EUR 700mln and Free Cash Flow above EUR 375mln. (Indra)ITV (ITV LN) - UK CMA is seeking comments by 6th August 2026 on Sky (CMCSA) UK’s proposed acquisition of ITV (ITV LN) M&E Holdings, ahead of a potential formal Phase 1 merger investigation. (UK Gov) Nestle (NESN SW) - Co. CFO says they have not quantified the impact of the Middle East conflict on H2. (Nestle)New Car Registrations - EU new car registrations (H1) 5.9mln, +6%. Breakdown: Renault +3.6%, Stellantis +7%, BMW +16%, Mercedes +4.8%, Volkswagen +7%. (ACEA)Relx (REL LN) - H1 2026 (GBP): Revenue 4.87bln (prev. 4.74bln Y/Y), Adj. Operating profit 1.73bln (prev. 1.65bln), Adj. EPS 0.686 (prev. 0.635 Y/Y), reaffirms FY26 outlook. (Relx)Repsol (REP SM) - Q2 2026 (EUR): Net Income 1.27bln (exp. 1.63bln). Adj. Income 1.84bln (exp. 1.62bln). Co. is to buy back up to EUR 500mln in shares. (Repsol)Rentokil (RTO LN) - US peer Rollins Inc (ROL) fell 14% in after-hours trading primarily due to a slowdown in residential pest control demand.Roche (ROP SW) - Co. CEO says there will be no FX impact in H2. (Roche)Sartorius (SRT3 GY) - H1 2026 (EUR): Revenue 1.811bln (prev. 1.767bln Y/Y), Underlying EBITDA 548mln (prev. 527mln Y/Y), Underlying Net Profit 172mln (prev. 169mln Y/Y), Underlying EPS 2.50 (prev. 2.45 Y/Y). Underlying EBITDA margin 30.3% (prev. 29.8% Y/Y). (Sartorius)Shipping names - Yemeni Houthis targeted two Saudi oil tankers in the Red Sea, while reports noted that at least 9 ships have stopped passing through Bab al-Mandeb, following the blockade on Saudi ports by Houthis.Stora Enso (STERV FH) - Q2 2026 (EUR): Revenue 2.42bln (exp. 2.41bln), Adj. EBIT 160mln (exp. 173mln), Adj. EPS 0.03 (prev. 0.05 Y/Y). (Stora Enso)TotalEnergies (TTE FP) - Q2 2026 (USD): Adj. Net 6.03bln (exp. 6.06bln).  Net Income 5.438bln (prev. 2.687bln Y/Y), Cash Flow from Operations excl. Working Capital 9.804bln (prev. 6.618bln Y/Y), gearing 13.1% (prev. 17.9% Y/Y), adjusted EBITDA +36% Y/Y, adjusted net income +68% Y/Y, hydrocarbon production -4% Y/Y. Q2 dividend EUR 0.90/share (+5.9% Y/Y), Q3 share buybacks up to 1.5bln USD, FY2026 net investment guidance of 15bln USD confirmed. (TotalEnergies)Traton (8TRA GY) - H1 2026 (EUR): Revenue 22bln (exp. 21.8bln), Adj. EBIT 1.54bln (prev. 1.37bln Y/Y). Narrows FY26 outlook, sees sales revenue between 0-7% and adj. return on sales between 6.3-7.3%. (Traton)UPM (UPM FH) - Q2 2026 (EUR): Sales 2.355bln (exp. 2.430bln), Adj. EBITDA 356mln (exp. 349.7mln), Adj. EBIT 212mln (exp. 209.6mln), EBIT 208mln, Pretax Profit 182mln, Net Income 163mln, Adj. EPS 0.29 (prev. 0.16 Y/Y). Adj. EBIT margin 9.0% (prev. 5.3% Y/Y). (UPM)ABB (ABBN SW) reiterated with Neutral at Goldman SachsKemira (KEMIRA FH) downgraded to Hold from Buy at BerenbergKone (KNEBV FH) upgraded to Accumulate from Reduce at InderesSubsea 7 (SUBC NO) upgraded to Buy from Neutral at Rothschild