ML
* SIEMENS HEALTHINEERS - Price range: EUR26-EUR31. Books to open tomorrow......
MINERS - Copper -0.1%, Iron ore fut -1.88% & BHP OZ -1.75%, RIO OZ -1.47%.+0.5%
REFRESCO - FY EPS EUR1 v est range of EUR1.03-1.19, EBITDA of EUR50m (19.9).u/c
MITTAL - ArcelorMittal says that bid for Essar Steel remains eligible (26.7)u/c
GLENCORE - Flagging the risk that Congo Unit faces legal action (364.5).....u/c
RYANAIR - Passenger volumes in Feb +5% YoY with load factors flat YoY (15.1)-1%
PADDY POWER BETFAIR - Small negative. CFO Alex Gersh stepping down (8212.1).-1%
AXA - France's AXA agrees to buy XL Group for $15.3 billion in cash (24.55).-2%
SNAM - Manifestos of 5 star & Northern League hostile to utilities (3.52)...-2%
ITALIAN BANKS - Italian Election result look worse than the market expected.-2%
ROLLS - Mgmt to reveal cost for fixing Trent 1000 engine >£300m; FT (801.1).-2%
TERNA - -ve; Italian Election results look worse than expectations (4.41)...-2%
ULTRA ELECTRONICS - House broker d/gs. U/l profit -3% v cons of £64m (1435).-3%
RBC
ABCAM +2% H1 earnings strong, revenue growth ahead, cash gen higher as wellACACIA P. - First day of trading, priced @ 3.6
ATLANTIA -2% Potentially most impacted by and M5* Government
AXA -3% Announces $57.6/share cash bid for XL GROUP
BMW/VW -2% Trump ups the trade war ante to possibly include auto's
P.POWER -1% CFO announces intention to step down
POLYMETAL +2% Announces Reserve update with further significant increase.
RYANAIR 0% Feb passenger stats positive, Load Factor higher.
SIEMENS -1% SIEMENS HEALTHINEERS price range set to €26-€31/share.
SILTRONIC +4% FY update and raising Sales & EBITDA margin for 2018
WIZZ AIR 0% Traffic stats inline.
MainFirst
*SILTRONIC-Sees '18 Sales well over €1.3b(€1.39),Margin 40%(37%).....+6%*AXA-To buy XL Grp for $57.6 a shs, Total consideration $15.3b........-4%
*BASF-In talks with Bayer to buy the Veg Seeds Unit worth €1.5b......-1%
*DIALOG SEMI-Well prepared to stay independent says CEO..............-0.5%
*SIEMENS-Healthineers price range set at €26-€31,€3.9b-€4.65b........-1%
*VW-To plan truck, bus unit IPO by spring 2019 - Handelsblatt.........-2%
*ELIOR-Wins contract for Barcelona Airport(principal retail op)......+1%
CS
Axa -5% Acquisition of XL Group for $15.3bn (EUR 12.4bn)Elior +1% Won a catering contract at Barcelona-El Prat airport
Fenner M/P Have purchased National Bearings Company
German autos -2% Trump threatening to increase tariffs on EU auto imports
Helvetia M/P FY17 Business Volume 0.5% ahead, dividend inline
Miners +0.5% Copper +0.20%, Brent +1.10%, Iron Ore -1.40%, China -0.20%
Oils +0.5-1% US rig count +3 to 981 from 978, Brent +1.15% to $64.6
Paddy Power -1-2% CFO Alex Gersh intends to step down
ProSieben M/P CS REINSTATE with UNDERPERFORM (Structural concerns)
Siemens -1% Healthineers Price Range Set at EU26 to EU31, 15% stake
Siltronic +3-5% Revs to be ahead, EBITDA margin better
Ultra Elec +1-2% Revs £775.4m vs cons £773.22m, order book strong