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PEARSON-Better.Guidance tightened towards top end.US Higher Ed strong(652.58)+5%
C.SUISSE - FT rpts RBR Capital Advisors to launch activist campaign (15.92)..+3%
AIRBUS -Buys majority stake in Bombardier’s C-series program.Positive.(78.61)+2%
RIO - Production solid ex-copper.Iron ore regains momentum.Solid in OZ(3792).+2%
DANONE-3Q LFL 4.7%, Sales €6.4bn.Driven by Nutritution.Raise guidance.(71.43)+2%
RICHEMONT-EBIT +45% YoY, cons is on 33% growth YoY. 4.5% cons upgrades(90.32)+2%
ASOS -FY Rev £1.92b, PTP £80m,sees growth continuing.EBIT margin stable(5814)+2%
CASINO - Q3 sales €9,216m, +1.9% YoY. Org growth +3.4%.France strong.(49.33).+1%
REMY - Strong sales +7.0%,cons +6.3%.Cognac key driver.Guidance unch.(108.58)+1%
BELLWAY - 2% ahead of guidance.Revs +1%, op margins increased.Run well.......U/C
MONDI - Hosts CMD today, nothing new in release.No financials provided.......U/C
HAVAS - buys 49% of Algeria-based agencies Ganfood and HVS. No details......U/C
SMIN - New CFO announced to start Jan 2018. Ex Dyson CFO (12yrs) (1589p).....U/C
ENAGAS - In line.NI €376m +0.6% vs cons, EBITDA €794m -0.4% vs cons..........U/C
CONVATEC - DOWNGRADE to NTRL, PO 220p (350p.)Cut FY17-19E EPS 13-15%.(202.95)-1%
SARTORIUS – Cuts 2017 forecasts as performance of Bioprocess weaker(75.80)...-7%
CSFB
Adecco UNCH CS increase target price to SFr70 from SFr63
Airbus +1-2% Plans to buy a majority stake in Bombardier C jet program
ASOS +1-2% Revs small light 1.92b cons 1.94b, EBIT margin inline
Bellway +2-3% FY17 EBIT 2% ahead, EBIT margin inline
Casino +1% Revs 9.2b vs bberg cons 9.1b, online strength
Com Hem +0.5-1% Q3 Revenues slightly light, TV and broadband adds ahead
Danone +2-3% Q3 Sales EU 6.45bln est EU 6.46bln, LFL 4.7% Est 3%
Ent One +0.5% Merlin Ent and Entertainment One enter a partnership
Merlin Ent -3-4% EBITDA 3% below cons, each division softer
Miners +0.5% Copper -0.30%, Brent +0.20%, Iron Ore -0.95%, China +0.16%
Moneysuper +1% Group Revenues 1% ahead of cons, Homes Services ahead
Pearson +2-3% Narrows profit guidance
Pernod +0.5% Positive read from Remy numbers
Randstad +1% CS increase target price to €53 from €48
Remy +1-2% Q2 Sales E304.1m est E302.4m, Q2 Org sales up 6.2% est 5.8%
Repsol +0.5% Upstream production slightly better
Rio +0.5% Production, Iron ore inline, guidance inline
Richemont +2% Pre-releases H1 profit, 6m sales +10% on reported basis
Shire -1% Allergan to appeal court ruling
Sonova M/P Investor day - nothing material in the release
Swatch +1% Positive read from Richemont numbers
VAT -2-3% Q3 order intake CHF178.5m vs CS ests 185m, confirm guidance
Virgin Money M/P NIM consistent with FY 2017 guidance
Volvo -2% Koping factory remains overloaded, local press
Macq UK Indications:
* Asos ASC- Figs broadly inline, Sales £1.924bn vs Macq est £1.935bn. Increasing Sales Growth guidance of 25-30% in FY18. +1%
* Bellway BWY-Rev’s up 14.2%, PBT up 12.6%. Outlook remains positive and group expects at least 5% volume growth. Margin 22.3%. +2%
* Mediclinic MDC- H1 rev +9.5%, EBITDA +5%, some comments about margins being lower; -1%
* Merlin Ent MERL- YTD rev +0.3%, short term market challenges, re-allocating £100m CAPEX to accommodation roll out programme; -1% as already weak into the numbers.
* Mondi MNDI- CMD, targeting growth organically & through acquisitions; +1%
* Moneysupermarket MONY- Figs inline, Remains confident of meeting FY Views. +1%
* Pearson PSON- FY Profit Guidance Upper end of range. +2-3%
* Smiths Grp SMIN- John Shipsey CFO. Unch
* Virgin Money VM/- All inline with expectations, CET1 Ratio of 13.5%; FY Guidance reaffirmed. +1%
* Wood Grp WG/- $12m Feed contract with Honghua. Unch
MainFirst Pre Mkt Indications
*CS-Activist RBR buys 5m shs and targets breakup(None starter)......+0.5% *AIRBUS-To buy majority stake in C Series aircraft partnership......+0.5% *CBK-Sees €176m exceptional Rev in Q3 from BNP JV End...............+0.5% *VOLVO-Factory struggles to meet demand in Q3 - Dagens Inds.........+0.5%
*SARTORIUS-Q3 Sales 335.9m(386),Ebitda 83.42m(92),Lowers FY.........-7%
*CASINO-Q3 Rev 9.2b(9.103),Short Int 9.3%,12.4 days to cover........+1%
*DANONE-Q3 Sales 6.45b(6.46),FY Recurring EPS Grth exceeding 12%....+2%
*RICHEMONT-H1 OP +45%,Sees 6m Sales +12% constant FX,Pft +80%.......+2% *INGENICO-Buys Iecisa electronic payments system-direct 2 retail....+0.5% *LHA/EASYJET-All in the bidding for Alitalia(6 bidders in total)....+0.25%
*REMY-Q2 Sales 304.1m(302.4),Organic +13.2%(10.5),Confirms FY..