BofAML EMEA Indications:
CGG - EBITDA 28% beat but net debt 24% higher than ests. Outlook +ve (1.63)+10%
SIG - Top line & pretax 2% better. C/o sees operational improvement (157).+4-5%
GVC - 1% ahead at top & bottom line. Strong start to '18 with NGR +16% (919)+2%
LADBROKES - Positive; Ladbrokes holders approve scheme for GVC merger (165).+1%
ORANGE - Senti +ve; TF1/Orange announce a global distribution agreement (14)u/c
SPIE - Inline with NI 1% below cons. Guides for margin of 6% or more (21.4).u/c
TF1 - Senti +ve; TF1/Orange announce new global distribution agreement(11.6)u/c
COMMERZBANK - We reinstate coverage with an UNDERPERFORM and EUR 11 PO (12).-1%
WPP - Another -ve data point. RBS to run more advertising internally (1218).-1%
MINERS - Copper -0.66%, Iron Ore fut -3.15% & HP OZ -1.73%, RIO OZ -2.65%.-1-2%
BHP - Shell/Blackstone preparing a $10b bid for BHP's US Shale assets (1376)-2%
FERRAGAMO - EBIT 9% ahead but forward look commentary v lacklustre (21.27)..-2%
INMARSAT - Mixed. Q4 beats but guidance and divi cut will disappoint (444)-2-3%
LAGARDERE - Negative. EBIT 1% & EPS 9% miss and guidance underwhelming (23).-5%
MainFirst Pre Mkt Indications
*FERRAGAMO-FY NI 114m(131),Ebit 186m(179.2),Ebitda 249m(243).....-2%
*LAGARDERE-FY Net 217m(243.6),Ebit 403m(408),NI 179m,FCF 283m....-2%
*SPIE-FY Rev 6.13b(6.15),Adj Net 212.3m(213),Bolt on acq's.......-1%
*UNIPER-Is in dispute with EON over Uniper's proposed Div 74c....U/C
*DEUT POST-KFC strips DHL of some chicken deliveries in the UK...U/C
*SFS-FY Ebita 236m(234),NP 159m(130),Div 1.9(1.82),s/grth 5-7%...+1%
*SCHWEITER-FY Sales 980m(1),Ebit 87m(82),Div 45c(42.33)..........U/C
*WIRECARD-Verifone -2.5% a/hrs Q2 EPS guidance misses Est's .....-0.5%
*COVESTRO-CEO Thomas may leave before contract expires - WIWO....-0.5% *DEL HERO-ABB 1.3m shs from existing s/holders,price 38.3(38.4)..-0.25%
*AROUNDTOWN-Cap raise 95m new shares to finance grth strategy....-2%
CS
Inmarsat +2-3% FY revs $1.4B est $1.39B, EBITDA ahead
Landis&Gyr +1% Concludes debt refinancing
Miners -0.5-1% Copper -0.15%, Brent -0.35%, Iron Ore -2.60%, China +0.40%
Renewi M/P Board remains confident on full year
Schweiter +2% FY17 Sales 2% light, organic sales growth 7% ahead
Siltronic +1% Positive comments from chairman of Macronix International
SFS +1% Margins slightly ahead, guidance inline