Additional European Equity News - 10th September 2026
European equities saw updates including ABF Sugar loss guidance, Currys sales growth, Eramet operational restarts, Saab aircraft intent, GSK syringe approval, and multiple broker rating changes.
News detail
Associated British Foods (ABF LN) - Q4 Trading Statement: Primark Sales +2%, LFL -3%. FY26 adj. operating profit expected to be broadly in line with expectations, but FY26 Sugar expected to deliver an adj. operating loss at the upper end of its GBP -25 to -60mln range. Additionally guides FY27 Sugar adj. operating loss between GBP 70-170mn. (ABF) Currys (CURY LN) - Trading Update: Group LFL Sales +7% Y/Y. Reaffirms FY26 guidance. (Currys) Erament (ERA FP) - Co.'s PT Weda Bay Nickel unit has restarted mining operations. 2026 guidance for external nickel ore sales will be given at a later date. (Eramet) Glanbia (GL9 ID) - Co. appoints Wendy Chang Smith as CFO designate, effective March 31st 2027. (Glanbia) GSK (GSK LN) - Co. announces that Japan's MHLW has approved a prefilled syringe presentation of Shingrix for the prevention of shingles. (GSK) Pan African Resources (PAF LN) - FY26 Trading Statement: EPS expected between USD 17.24-17.96. Global production expected to increase in FY27 to between 280k-302k/oz. (Pan African Resources) Saab (SAABB SS) - Co. announces that the Netherlands has signed a Letter of Intent with Sweden for the acquisition of a Saab GlobalEye Early Warning and Control aircraft. No orders have been received yet. (Saab) Smith & Nephew (SN/ LN) - Co. prices USD 700mln bond issue due 2036. (Smith & Nephew) Volvo (VOLVB SS) - Co. announces plans for an energy park near its battery cell production site in Mariestad. (Volvo) Compass (CPG LN) upgraded to Outperform from Neutral at BNP Paribas Halma (HLMA LN) downgraded to Neutral from Buy at Rothschild Smiths Group (SMIN LN) initiated with Buy at Rothschild Weir Group (WEIR LN) upgraded to Buy from Neutral at Rothschild
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