CS
Accor +2-3% French RevPAR data for April +9.1% and Paris +12%
Akzo Nobel -5% Rejects PPG'S third proposal
Aryzta -3-4% Still not in a position to provide guidance
Banks +1-2% Positive outcome from French elcetions, Macron won
Centrica UNCH Continues to execute on all aspects
EFG -2% Received notification from Italian regulator
H&M +1-2% April sales rise 7% y/y vs SME Direkt estimate of a
6.9%
Kvaerner -3% Q1 Revenues 4% light, adjusted EBITDA 15% light
Miners +0.5% Copper -1.05%, Brent +1.05%, Iron Ore -1.80%, China
-1.00%
Oils +1% US rig count +7 rigs, Brent +1.05% to $49.75
PostNL -1-2% Q1 topline slightly light, confirms outlook
Prem Foods +5% Renewed its strategic global partnership with Mondelēz
Tods -2-3% Total sales 3% miss
RBC
*AKZO NOBEL: -5% declines third takeover proposal from PPG, expected.
*AKZO NOBEL: -5% declines third takeover proposal from PPG, expected.
*CENTRICA: -1% warm US weather & weaker wholesale prices, FY'17 targets on track.
*GLE/ACA/BNP: +1% positive read from the French election result.
*HMB: +2% April sales +7% YoY, in line, relief.
*POSTNL: -1% Q1'17 mail volumes -10.3%, parcels +8%, FY'17 guidance reiterated.
*PFD: +1% renews Mondelez cake partnership until 2022.
*TOD'S: -5% Q1'17 sales 4% below consensus, 15th consecutive Q of SSSG decline.
Macquarie
* Centrica CNA- Losing customers in UK but boosted margins in North America. Conservative Manifesto due out today will be key. +1%
* Centrica CNA- Losing customers in UK but boosted margins in North America. Conservative Manifesto due out today will be key. +1%
* Costain COST-Confirming trading inline with expectations. Unch
* Hurricane Energy HUR- CPR Report out, confirming 523m bbl of oil, 2P reserves of 37.3m barrels. +2%
* Numis NUM-Rev down 8% due to decrease in Corporate Broking fees, H2 trading started very well. Oliver Hemsley stepping down from board.-2%
* TalkTalk TALK-Wknd Press speculating divi cut. –2%
Shore
CENTRICA - trading largely as expected,sees lower consumption in UK and US.-0.5%
TALKTALK - speculation on cut to divi in drive to support price war with BT..-1%
NUMIS - H1 op pft 10.5m.Divi 5.5p.Trading in H2 has started very well........+2%
COSTAIN - Current trading is in line with views.............................UNCH
PREMIER FOODS - Renews relationship with Mondelez.licence will run until '22.+3%
MainFirst
*AKZO-Declines third takeover proposal from PPG - BBG & FT...........-3%
*AKZO-Declines third takeover proposal from PPG - BBG & FT...........-3%
*UNIPOL-Lifts BPER stake to 10%,may consider tie-up - Repubblica.....+0.5%
*ARYZTA-Says prior guidance should not be relied upon,Q3 30/5........-3%
*ATLANTIA-Nears €10b of financing for Abertis bid - Repubblica.......+1%
*POSTNL-Rev 870m(892),Op Inc 50m,Reconfirms outlook for 2017.........-2%
*TELEFONICA-Weighs delaying O2 IPO until 2018 says Sunday Times......-1%
*SIKA-To replace Syngenta in SMI as of the 15th May..................+0.5%
*AIRBUS-Delta considers delaying $3bln Airbus order(10 A350's).......U/C
*HAMBURGER HAFEN-Raise Ebit from €115-€145m to €125-€155m............+1%
*TOD'S-Rev 238.5m(245.3),Comp Sales -3.2%,Weak in NA & Italy.........-3%
*FUCHS-CEO looking at possible deals in US &Western Europe - FuW.....-2%
*QSC-Rev 88.7m(88.9),Ebitda 10.5m(9.67),NI 0.6m(0.5),FY lks ok.......+3%
*BBVA/BSCH-Spanish Mortgage-Rule changes cost banks €3.7b-Press......U/C
*ABB-Wants to move to growth mode,aims to improve margins-Chairman...+1%
*H&M-April sales +7% vs Est 6.9%,Short Int 8.8%......................+2%
*SWEDISH MATCH-Sales 3.78b(3.74),NI 930m(885.8),OP 994m(973).........+2%