BofAML EMEA Indications
ESSILOR - Luxottica agrees to merge with Essilor in all-shr deal (112.31)..+10%
LUXOTTICA - Agrees to merge with Essilor in all-share transaction (52.5)....+6%
ACACIA - Endeavour, the gold miner, is said to be exploring a merger (440p).+5%
AGGREKO - 174mw of the 180mw of Argentinan contracts extended by 1yr (1015).+3%
MINERS - Copper u/c, Iron Ore fut +1.9% with BHP OZ +1.7% & RIO OZ +1.8%....+1%
PROXIMUS - Orange Belgium CEO offers to coinvest in cEU3b fiber project (27)u/c
VIVENDI - Bought titles in Ei Towers for a value of c.€220k (0.016%) (18)...u/c
TEF - PE firms could bid for 49% of infrastructure biz; Expansion (9.22)....u/c
OMV - Vols above our est at 315kbd. Crude prices lower than BAML est (34.3).u/c
INMARSAT - Senti -ve. Iridium launches first 10 NEXT satellites (712.5p)....u/c
ALLIANZ - CEO says co is interested in takeovers including in the US (160)-0.5%
ASHMORE - Reported new outflows of US$(0.7)b in Q4. AUM fell 4% QoQ (281)...-1%
TOTAL - Liquids realization below our ests, gas price/ref margin above (48).-1%
SEB - CEO Annika Falkengren to leave by July 2017 to join Lombard (115.9).-1-2%
H&M - Dec sales inc VAT rose by 6% in local FX v SME Direkt est +9.1% (245).-2%
SPANISH BANKS - Negative. To take full impact of mortgage floors upfront....-2%
MainFirst Pre Mkt Indications
*LUXOTTICA-Agrees merger with Essilor(+10%) worth $53bln - FT.........+5%
*ACTELION-Deal with J&J cld be announced in 2nd half of Jan-Sams......U/C
*BB BIOTECH-Lost CHF802m in 2016,Annual report published Feb 17.......-2%
*RYANAIR-Says Brexit not hurting Spanish Tourism - Economista.........+0.5%
*DBK-Plus 6 other Banks to form Blockchain JV(SME financing)..........U/C
*ENEL-CEO targeting Renewable-Energy Business in Middle East..........+0.5%
*FIAT-May pursue merger with VW in medium term - Milano Finanza.......+0.5%
*LHA-Etihad seeks Lufthansa Partnership for Alitalia-Messaggero.......-0.5%
*SEB-CEO Annika Falkengren to Leave Bank by July 2017.................-2%
*VALEO-May lift its earnings targets in February says Investir........+1%
*H&M-Dec Total Sales +6% vs est +9.1%.................................-2%
*AUTOS-Trump threatens BMW,DAI etc with Mexico border tax.............-2%
CSFB
Acacia +5% Confirms talks on a possible combination with Endeavour
Aggreko +1-2% Contract extensions in Argentina
AMS +1-2% CS INITIATE with OUTPERFORM (2018 sales 20% above cons)
BMW -2% Trump says US to impose 35% import duty
Ashmore -3-4% AUM down to $52.2b (CSe $54.2b), outflows negative
Daimler -1-2% Trump says US to impose 35% import duty
D'Ieteren M/P Sets 2017 Market Share Target of 23%: De Tijd
Essilor +10% Essilor, Luxottica agree to a EU50m merger
H&M -2-3% December sales rise 6% vs SME estimates of up 9.1%
Luxottica +5% Essilor, Luxottica agree to a EU50m merger
Miners +1% Copper UNCH, Brent +0.15%, Iron Ore +1.55%, China -0.50%}
SEB -2-3% CEO Annika Falkengren leaving by July