Bofa-ML
* SARAS - $183-202m, €1.50-1.65 (-9.15% to market); UBS,CS. Seller Rosneft JV..
* DONG ENERGY - $138m, DKK 266; Nordea sole bookrunner. Seller SE SMBA.........
* ENGIE - Index reweight tonight. Indexers need to BUY 2.02m shrs/0.3x avg vol.
ASML - Beat and raise. GM the big beat in guide,bookings trending up (110)+2-3%
LADBROKES - Trends inline. FT16 EBIT to be £275-285m v BAML at £290m (127)..+2%
EVONIK - Outages in MMA for ICIS (3.5% of global supply) is +ve read (28).+0.5%
BURBERRY - Retail rev growth 4% cFX with SSSG of +3% v cons at +1% (1601).+0.5%
ARKEMA - Outages in MMA for ICIS (3.5% of global supply) is +ve read (90).+0.5%
D.BANK - Has completed $7.2b deal to resolve US claims on mortgages (17.6)+0.5%
MINERS - Copper +0.3%, Iron Ore fut -1.2% with BHP OZ -0.7%, RIO OZ +0.7%...u/c
DIPLOMA - Trading inline with exp with cFX growth of 6% op margins (1000)...u/c
HOCHSCHILD - FY16 small 1% beat. Net debt -22% v cons but -4% v BAML (233)..u/c
EXPERIAN - 4% org growth but regional trends robust.FY17 guide unch (1570)-0.5%
PFD - Weak with grp sales -1%.Exp profit for the yr to be 10% lower (42)-10-12%
PEARSON - No longer expect to reach op profit goals. '17 is 12% miss (687).-15%
MITIE - Warning.30% d/g with FY op profit exp between £60-70m v 91m(170)-15-20%
CS:
Aena +1% CS INITIATE with OUTPERFORM (Positive cash flow and ROIC)
Aker +2-3% Said to Weigh Sale of AKER SOLUTIONS
ASML +2-3% Sees Q1 rev EU 1.8b vs est EU 1.76b, profit margin better
Bayer R Offers $8bn R&D spend to win Trump favour for Monsanto deal
Burberry +2-3% Europe/Asia better, no's c2% ahead of consensus
CRH +0.5% Dec US ABI 55.9 from 50.6 in Nov
Diploma M/P Trading update inline with market expectations
Emmi M/P Acquires Italian dessert manufacturer Italian Fresh Foods
Experian +1% 4% organic growth inline with CS, better UK/LatAm
Flug Zuerich -0.5% CS REITERATE UNDERPERFORM
Fraport M/P CS INITIATE with NEUTRAL (Structural challenges)
JD Weather -1% LFL sales increased by 3.2% and total sales by 0.7%
Ladbrokes +2% Numbers inline with market expectations
Marine Har +2-3% Q4 catch inline with guidance, EBIT 11% ahead
Mediaset Spa +2% Sees FY16 Ad revs +4% in 2016, highlight 2020 targets
Miners -0.5% Copper +0.60%, Brent -0.30%, Iron Ore -2.30%, China +0.50%
Mitie -10%+ Profit warning - cutting guidance
Novozymes +5% Q4 Pre-tax Dkk1.02b (cons 1.01b), renews share buyback
Pearson -10-15% Profit warning - 2017 to be lower than expected
Prem Foods -10-20% Profit warning - operating profit to be about 10% lower
Virbac +0.5% FY revs Eu872m is inline with consensus
Wolseley +0.5% Dec US ABI 55.9 from 50.6 in Nov
MainFirst Pre Mkt Indications
*BAYER/MONSANTO-To spend $16b in R&D over 6yrs,Create jobs in US.......+0.25%
*DBK-To pay $7.2b in RMBS settlement with DOJ,Q4 impact $1.2b(known)...+1.3%
*ASML-Sales 1.91b(1.77),GM 47.2%(47.7),NI 524m(419.3),6 new EUV Ords...+2%
*MEDIASET-Sees Ebit of 468m in 2020,4% Ad rev grth '16(2.9%)...........+1%
*SYMRISE-CEO won't comit to fixed divi rate,strives to grow............U/C
*UBS-Along with Stand Chart sued over China Forestry IPO in '09........U/C
*AENA-Spain proposes reducing Aena fees by 2% says Expansion...........+1%
*ABB-CEO sees mkt picking up in 2018,2017 as transition year...........+0.5%
*VIRBAC-Q4 Rev €225.7m(224),Reaffirm FY Ebit margin guidance...........+1%
*POSTE ITALIANE-Will make acq's if there are good opportunities........-0.25%
*NOVOZYMES-Rev 3.7b(3.59),Ebit 1.06b(1.02),PT 1.02b(1.01),NI 805m(771).+1%
*BURBERRY-R/Rev 735m(721),+4%(3),Retail Comp 3%(1.4),o/lk inline.......+1%
*MARINE HARVEST-Q4 inline with guidance,Op Ebit 257m,Catch 100,000t....+2%
*BAYER/MONSANTO-To spend $16b in R&D over 6yrs,Create jobs in US.......+0.25%
*DBK-To pay $7.2b in RMBS settlement with DOJ,Q4 impact $1.2b(known)...+1.3%
*ASML-Sales 1.91b(1.77),GM 47.2%(47.7),NI 524m(419.3),6 new EUV Ords...+2%
*MEDIASET-Sees Ebit of 468m in 2020,4% Ad rev grth '16(2.9%)...........+1%
*SYMRISE-CEO won't comit to fixed divi rate,strives to grow............U/C
*UBS-Along with Stand Chart sued over China Forestry IPO in '09........U/C
*AENA-Spain proposes reducing Aena fees by 2% says Expansion...........+1%
*ABB-CEO sees mkt picking up in 2018,2017 as transition year...........+0.5%
*VIRBAC-Q4 Rev €225.7m(224),Reaffirm FY Ebit margin guidance...........+1%
*POSTE ITALIANE-Will make acq's if there are good opportunities........-0.25%
*NOVOZYMES-Rev 3.7b(3.59),Ebit 1.06b(1.02),PT 1.02b(1.01),NI 805m(771).+1%
*BURBERRY-R/Rev 735m(721),+4%(3),Retail Comp 3%(1.4),o/lk inline.......+1%
*MARINE HARVEST-Q4 inline with guidance,Op Ebit 257m,Catch 100,000t....+2%
Shore calls
JD WETHERSPOON - Q2 LfL sales +3.2%,sees slightly improved H2 outcome.......+1%
EXPERIAN - Q3 rev growth of 4%,full yr g'dance unch,margins stable..........+1%
BURBERRY - Q3 retail rev+4%(Est+3%).Sales +3%(Est+1.4%).....................+2%
LADBROKES - Q4 UK retail 4% behind last yr.Q4 Ladbroke.com net rev +17%......+1%
PREMIER FOODS - Q3 sales -1%.Trading pft views for yr about 10% lower........-5%
TRIBAL - Sees performance of group materially ahead.........................+5%
VODAFONE - Signs new partner pact with Tele2.Renews TDC agreement...........+2%
PEARSON - Sees 2017 profitability to be lower than expected.................-3%
MITIE - conducts strategy review,identify's £14m one-off charge,cuts g'dance.-8%
GAME DIGITAL - Christmas GTV -1.6% inline,margins +30bps,conditions tough....-1%
HENRY BOOT - sees PBT and earnings slightly ahead of expectations...........+3%
DIPLOMA - Q1 trading robust and inline,revs +23%,benefits from weaker £......+1%
NAHL - trading in line,M0J response to consultation due in April............UNCH
FDM - performed well in H2,anticipates FY results will be ahead of expec....+5%