Global Markets

Additional European Equity News - 8th October 2026

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The 8 October roundup covers company results, targets and transactions. Kesko’s rights issue was planned; Tesco narrowed its FY26/27 adjusted operating profit guidance.

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Airbus (AIR FP), Woodward (WWD) - Woodward was selected to provide a complete wing actuation system for Airbus’ Folding Wing research demonstrator. The system, including a power delivery unit and high-power hinge actuator, will be tested in Bremen and Bristol. Woodward will also support Airbus trade studies on design choices including hydraulic versus electric power. (Woodward) Bayer (BAYN GY) - Co. announces that the US FDA has accepted its supplemental New Drug Application for finerenone, supporting a potential new indication in adults with chronic kidney disease without diabetes. (Bayer) BMPS (BMPS IM), Banco BPM (BAMI IM), Banca Generali (BGN IM) - BMPS shareholder Caltagirone has rejected the Co.'s bid for Banco BPM and Banca Generali, Bloomberg reports. (Bloomberg) Daimler Truck (DTG GY) - Reports Q3 unit sales of 91,260 (prev. 72,277). Trucks North America and Mercedes-Benz Trucks rose 51% and 13% Y/Y respectively while Daimler Buses fell 16% Y/Y. (Daimler Truck) Getlink (GET FP) - Reports September passenger shuttles of 197,717, +2% Y/Y. (Getlink) Imperial Brands (IMB LN) - Trading Update: Announces GBP 1.50bln share buyback programme for FY27. Says the Co. is on track to deliver on FY26 guidance on all metrics. (Imperial Brands) Kesko (KESKOB FH) - Co. is planning an approximately EUR 500-700mln rights issue of B shares in connection with the acquisition of Dahl operations in Sweden and Brødrene Dahl operations in Norway and Denmark. (Kesko) Lion Finance Group (BGEO LN) - Co. announces that its subsidiary, JSC Bank of Georgia has signed two loan agreements with the International Finance Corporation with a total limit of USD 118mln. (Lion Finance Group) Prosus (PRX NA) - Co. says JET orders have returned to growth in September and expects to keep expanding growth. Sees the work on technology, logistics, product, retention and marketing to compound on results over time. (Prosus) Tesco (TSCO LN) - H1 2026/27 (GBP): Revenue 33.78bln (prev. 33.05bln Y/Y), Adj. Operating Profit 1.78bln (prev. 1.67bln Y/Y), Adj. EPS 0.173 (prev. 0.154 Y/Y). Narrows its FY26/27 adj. operating profit to between GBP 3.15-3.3bln (prev. guided GBP 3-3.3bln). (Tesco) Vodafone (VOD LN) - Co. sets its strategy and growth ambitions for VodafoneThree in the UK. Targets mid-to-high single-digit adj. EBITDAaL growth and operating FCF to more than triple by FY32. The cost target was also upgraded to GBP 1bln/annum by FY32. (Vodafone) Unite Group (UTG LN) - Q3 Trading Update: 95.6% of Unite beds sold for the 2026/27 academic year. Reiterates FY26 Adj. EPS guidance and expects to deliver GBP 300-400mln of disposals in 2026. (Unite) Zealand Pharma (ZEAL DC) downgraded to Hold from Accumulate at KBC

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