Additional European Equity News

Addtech (ADDTB SS) - Q1 2027 (SEK): Revenue 6.17bln (prev. 6.16bln Y/Y). CEO: "We started the financial year with a generally high level of activity and continued profitable growth. Total sales grew by 6%, with strong contributions from the Automation, Electrification and Safety business areas." (Addtech)AstraZeneca (AZN LN) - Co. enters into an exclusive license agreement with Dizal Pharmaceutical for Zegfrovy, a novel oral irreversible EGFR inhibitor for patients with lung cancer. AstraZeneca will acquire worldwide rights to develop and commercialise Zegfrovy. AstraZeneca will make an upfront cost of USD 600mln, with additional payments of up to USD 900mln. (AstraZeneca)BP (BP/ LN) - Q2 Trading Statement: Upstream production is expected to be between 2,170-2,220mboepd (prev. 2,339mboepd Q/Q), due to seasonal maintenance predominantly in the Gulf of America and the effects of disruption in the Middle East. Gas & low carbon energy is expected to be 750-770mboepd (prev. 798mboepd Q/Q). Oil production & operations is expected to be 1,420-1,450mboepd (prev. 1,541mboepd). Net debt to be between USD 22-23bln (prev. USD 25.3bln Q/Q). (BP)Boohoo (DEBS LN) - Trading Update: Continued positive trading through June and July. Expects net debt to be materially lower in the current year. (Boohoo)British Land (BLND LN) - Co. CEO says "they have started the year well, with momentum continuing from the end of the last financial year. Both core markets remain strong. Demand continues to outstrip supply across campuses and retail parks, leasing remains ahead of previous passing rents, and forward indicators give us confidence that these favourable market conditions will persist." Co. backs its FY27 view. (British Land)Fastighets (BALDB SS) - Q2 2026 (SEK): Profit from property management 3.01bln (prev. 3.39bln Y/Y), Rental income 7.03mln (prev. 6.83bln Y/Y). (Fastighets)Mycronic (MYCR SS) - Q2 2026 (SEK): Revenue 2.42bln (exp. 2.23bln, prev. 2.07bln Y/Y), EBIT 698mln (prev. 568mln Y/Y), Order intake 2.92bln (prev. 1.33bln Y/Y). (Mycronic)Rank (RNK LN) - FY Trading Update (GBP): FY Group revenue 834.1mln, +6% Y/Y; Underlying operating profit at least 76mln (exp. 68.2mln). (Rank)Taylor Wimpey (TW/ LN) - Co. appoints Sarah Warby as an independent non-executive director, effective October 2nd. (Taylor Wimpey)Tobacco Names - Germany's Finance Ministry is reportedly planning to raise to price of a pack of cigarettes to around EUR 11.80 by 2028, higher than the previously planned EUR 11.40. (Politico)Watches of Switzerland (WOSG LN) - FY 2026 (GBP): Revenue 1.83bln (exp. 1.78bln), Adj. EBIT 155mln (exp. 148.4mln), Operating Profit 170mln (prev. 150mln Y/Y), affirms its FY27 outlook. CEO: "We have made an encouraging start to the year which underpins our confidence in delivering another year of strong revenue growth." (Watches of Switzerland)Anglo American (AAL LN) initiated with Outperform at SantanderGlencore (GLEN LN) initiated with Outperform at SantanderIAG (IAG LN) reiterated with Buy at Goldman SachsRio Tinto (RIO LN) initiated with Outperform at Santander