Additional European equity stories post the release of the Daily European equity opening news

Hennes & Mauritz (HMB SS) – The co. report EBIT of SEK 3.98bln vs. Exp. SEK 4.14bln, gross profit SEK 28.091bln and a gross margin of 50.3%, has extraordinary costs of SEK 400mln due to logistical implementation on US, France, Italy and Belgium. (Newswires)

Air France (AF FP) – The French Government has said they have no plans as of yet to sell their stake in the co. (Newswires)

TUI (TUI1 GY) – The co. has said the FY is going as expected, and hot weather has limited their outperformance and as such reiterate their guidance. (Newswires)

BP (BP/ LN) – The co. has received approval to develop the Vorlich field in the North sea. (Newswires)

Julius Baer (BAER SW) – the co. have announced the purchase of a 40% shareholding in their wealth management unit by Nomura. (Newswires)

IG Group (IGG LN) – CEO Hetherington is to step down from the Co. (Newswires)

Tobacco Names – Philip Morris have cut their FY 2018 guidance; now sees FY 2018 EPS guidance USD 4.97-5.03 vs. Prev. USD 5.02-5.12

DAILY MAIL GENERAL TRUST (DMGT LN) DOWNGRADED TO SELL FROM HOLD AT LIBERUM

UNIPER (UN01 GY) DOWNGRADED TO UNDERPERFORM FROM SECTOR PERFORM AT RBC

E.ON (EOAN GY) DOWNGRADED TO SECTOR PERFORM FROM OUTPERFORM AT RBC

DEUTSCHE LUFTHANSA (LHA GY) DOWNGRADED TO REDUCE FROM HOLD AT KEPLER CHEUVREUX 

 

(Newswires)