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

Sanofi (SAN FP) – Regeneron Pharmaceuticals Inc and Co. said if insurers agree to lessen onerous access barriers for high-risk patients, they would be willing to charge less for their potent cholesterol drug, Praluent. (Newswires)

Melrose (MRO LN) / GKN (GKN LN) – Melrose’s final offer to GKN at GBP 4.67/shr, valuing GKN at GBP 8.1bln. Co. stated deadline for acceptance is 1:00 PM on Thursday 29th March 2018 and add the offer will not be increased under any circumstances. (Newswires)

AstraZeneca (AZN LN) – Co. and MedImmune says results for Phase III MYSTIC trial of Imfinzi for non-small cell lung cancer are not expected till H2 2018, previously H1 2018. (Newswires)

Novartis (NOVN SW) – The Co. announced changes to the executive committee to support strategic priorities. (Newswires)

Polymetal (POLY LN) – 2017 revenue increased by 15% to USD 1.8bln. Adj. EBITDA down 2% to USD 745mln. Underlying net earnings down 1% to USD 376mln. Net earnings down 10% to USD 354mln. Reiterates production guidance for 2018 and 2019 of 1.55 moz and 1.7 moz equivalent in gold, respectively. (Newswires)

GEA Group (G1A GY) – 2017 revenue up 2.5% to EUR 4.505bln. EBITDA at EUR 564mln. Supervisory board suggested a dividend of 0.85/shr. Sees 2018 revenue to grow above 5%-6%. (Newswires)

Capita (CPI LN) – Co. is mulling a GBP 700m asset sale as part of a transformation programme. (City Am)

WPP (WPP LN) / Publicis (PUB FP) – Hegde funds have amassed bearish bets of GBP 920mln against WPP, while Maverick Capital has accumulated short sales of shares worth a combined EUR 280mln against Publicis. (FT)

Inditex (ITX SM) – Reports in Spanish press suggests that the Wednesday’s Q4 report could disappoint as the stronger EUR hits pricing and growth and warning that continuing margin decline is unlikely to reverse. (Newswires)  

Hochtief’s (HOT GY)/Abertis (ABE SM) –  Spain’s CNMV clears Hochtief’s takeover bid for Abertis. (Newswires)

INNOGY (IGY GY) UPGRADED TO OUTPERFROM FROM NEUTRAL AT MACQUARIE

HUGO BOSS (BOSS GY) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BNP PARIBAS

JUST EAT (JE/ LN) DOWNGRADED TO SELL FROM HOLD AT DEUTSCHE BANK

(RANsquawk)