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AstraZeneca and Vodafone reported strong Q2 earnings and guidance lifts, while DCC Energy faces a high-premium acquisition offer from KKR and ECP amid infrastructure shifts at Rio Tinto.

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AstraZeneca (AZN LN) - Q2 2026 (USD): Revenue 15.4bln (exp. 15.3bln), adj. EPS 2.63 (exp. 2.50). Interim dividend of USD 1.06/shr (prev. 1.03/shr). Sales Breakdown: Product: 14.51bln, +5%, Alliance: 874mln, +34%. CEO: CEO "We remain confident in the strength of our pipeline and have more than twenty high-value readouts due over the next 18 months" & "...on track to deliver our USD 80bn Total Revenue ambition, which assumes successes and setbacks". Elsewhere, results from the CLARITY-Gastric01 Phase III trial: met the dual primary endpoint of OS in 3rd and later-line treatment, and a key secondary endpoint of OS in the overall trial population. However, the other dual primary endpoint of PFS as assessed by blinded independent central review, results showed a trend toward improved PFS in patients treated in the 2nd and later-line setting but did not reach statistical significance.  (AZN)DCC Energy (DCC LN) - KKR and ECP to acquire the Co. for GBP 67.9722/shr. Co. closed at GBP 62.85/shr.Galp Energia (GALP PL) - Q2 2026 Interim Update (EUR): RCA Net Income 540mln, EBIT 1.06bln , EBITDA 1.27bln. (Galp)Rio Tinto (RIO LN) - Co. and the Western Australian Government have signed non-binding agreements for a proposed sale of their respective joint venture shares in the Dampier Seawater Desalination Plant to Yindjibarndi WaterCo. (Rio Tinto)Vodafone (VOD LN) Q1 2027 Interim Update (EUR): Revenue 10.29bln, Service Revenue 8.63bln (exp. 8.23bln). Lifts FY27 guidance: adj. FCF at the upper-end of 2.6-2.9bln range, and adj. EBITDA at the upper-end of the 13.0-13.3bln range. (Vodafone)Neste (NESTE FH) upgraded to Buy from Hold at Deutsche BankThales (HO FP) upgraded to Buy from Hold at Deutsche Bank

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