Additional European Equity News

Accelleron Industries (ACLN SW) - Co. launches a CHF 100mln share buyback programme. (Accelleron)ArcelorMittal (MT NA) - Co. has sold approximately 23.9mln shares in Vallourec (VK FP), representing approximately 10.0% of Vallourec’s outstanding share capital, at an offer price of EUR 24/shr, raising gross proceeds of approximately USD 667mln. The transaction was conducted via an ABB process to institutional investors. (ArcelorMittal)ACS (ACS SM) - Co. offers EUR 2.2bln stake (around 6% of its shares) to fund its data centre plans. (Bloomberg)BAE Systems (BA/ LN) - Co. has been named the principal contractor for a USD 230mln sale to the Indian Government. (GK Today)Cranswick (CWK LN) - Prelim. FY 2026: Revenue 2.98bln (prev. 2.72bln Y/Y), Adj. Operating Profit 237mln (prev. 207mln Y/Y). (Cranswick)DCC (DCC LN) - FY 2026 (GBP): Revenue 15.4bln (exp. 15.91bln), Pretax profit 374mln (prev. 381mln Y/Y), Adj. Operating Profit 634mln (prev. 612mln Y/Y). (DCC)Delivery Hero (DHER GY) - Uber increased its stake in Delivery Hero to 19.5% and holds a further 5.6% in options, Bloomberg reports. Uber said it currently has no intention of acquiring 30% or more of Delivery Hero voting rights. Uber added that the investment supports competition with DoorDash (DASH) and its Wolt unit outside the US. (Bloomberg)Diploma (DPLM LN) - H1 2026 (GBP): Revenue 851mln (prev. 729mln Y/Y), Adj. Operating Profit 209mln (prev. 157mln Y/Y), raises its FY26 organic revenue growth to 12% (prev. 9%). (Diploma)Kalmar (KALMAR FH) - Co. bring the fully electric TT7 terminal tractor to European markets. (Kalmar)Stellantis (STLAM IM / STLAP FP) - Co. announces the launch of its small and affordable E-Car project; the first E-Cars are expected to roll off the production line in 2028. (Stellantis)Thyssenkrupp (TKA GY) - Thyssenkrupp will close its Terre Haute plant in Indiana, as part of its automotive technology restructuring, WSJ reports. Production will be wound down by 31st March 2027, with around 230 jobs affected.Worldline (WLN FP) - Worldline announces the acquisition of the remaining Eurobank 20% stake in their JV for an amount of EUR 72mln. This transaction is fully in line with the agreement signed by both parties in 2022. (Worldline) asm-OSRAM (AMS SW) upgraded to Overweight from Neutral at JPMorgan