BofAML
* BAML BUILDING CONFERENCE - Day Two; 20 corps and 160 clients attending.......
* PIRELLI - Day 1, PIRC IM, priced at e6.5, total deal size 400m shrs inc g/s..
* 888 - Sinitus selling entire stake via bookbuild, $150m @ 243/shr; JPM/MS....
* ONE SAVINGS BANK - JC Flowers selling c8% stake @ 375p/shr; Citi/CS on deal..
TESCO - Profit 1.2% ahead, resumes div.Pension contribution inc to £285(196)+3%
BALFOUR BEATTY - Wins a $260m contract to build Miami shops,residences (272)+1%
JMAT - US heavy duty diesel orders +63% y/y in Sept is positive read(3432)+0.5%
ULTRA ELECTRONICS - Gets $16m modification contract. Wont move dial (1829)..u/c
MINERS - Copper -0.1%,Iron Ore fut closed with BHP OZ -0.3%, RIO OZ -1.5%.-0.5%
HOUSEBUILDERS - May to announce once in generation inc in council houses....-1%
TRAVIS PERKINS - Negative read across from Topps Tiles lowering exp (1433)..-1%
ROYAL MAIL - Workers have voted in favour of strike action via ballot (380).-1%
INT PERSONAL FIN - Polish tax reforms means taking a £30m write down (200)..-5%
TOPPS TILES - Pretax to be at the lower end of exp with LFL revs -2.9% (71).-5%
CS
Air Liquide -2% Guide to Q3 -4% from FX, CS est -1.7%
Commerzbank +0.5% Macron would favor tie-up between BNP and CBK, Le Canard
Daimler +0.5% Sept US Class 8 truck orders came in at 22.6k, up +63% y/y
Deut Post M/P Plans to raise postal charges for business clients by 5%
EFG +1% Giorgio Pradelli to Succeed retiring CEO Straehle
Miners -0.5% Copper UNCH, Brent -0.75%, Iron Ore Closed, China Closed
Oils -0.5% US API -4.1m barrels vs draw of 800k last week
PGS -1% CS DOWNGRADE to NEUTRAL (Weak Q4 marine acquisition)
Renault UNCH Nissan -1.5% on reports falsified inspection documents
SGS M/P Acquires Australian Win Services
Subsea 7 +1% CS UPGRADE to OUTPERFORM (Positioning)
Tesco +1-2% Q2 LFL 2.1% vs cons 2.5%, div reinstated
VAT Group +1-2% JOLED plans to start mass production of OLED panels
Volvo +0.5% Sept US Class 8 truck orders came in at 22.6k, up +63% y/y
Volkswagen +2% US SAAR +5% y/y, Volkswagen was positive
MainFirst Pre Mkt Indications
*D/POST-To cut discounts to large clients by 3%,ave increase 5.1%.....+0.5%
*BNP/CBK-Macron in favour of BNP/CBK tie-up reports Canard............U/C
*RENAULT-Nissan -1.4% is said to have falsified inspection docs.......-0.5%
*SGS-Buys Win Services & Leadership Directions,ann rev AUD4.6m........U/C
*BBVA/ABANCA-Bid for Deut Banks Spanish Assets,offers €400m-€500m.....U/C
*SKANSKA-Expands Portland Intl Airport,order value SEK1.3bln..........+1%
*THYSSEN-Combines forge units to develop new markets - FAZ............-0.5%
*ALSTOM-Le Maire says will be no Alstom job cuts,site closures........U/C
*DSV-Raises prices amid shortage of truck drivers says CEO............+0.5%
*AIR FRANCE/DELTA/CHINA ESTAREN-Each hold 10% of share capital........U/C
*MERCK-Japan Display +25%,going 2 mass produce OLED panels 2019.......-1%
*GRENKE-9m new bizz leasing +22.7%,FY Leasing guidance 16%-21%........+0.5%
*TESCO-H1 Adj OP £759m(703),Q2 L-F-L UK Sales +2.1%(+2.5%)............+1%
*PANALPINA-To become more active in M&A,Foundation remains committed..+0.5%