Pre-MarketsML
AMS - Apple supply chain strong on Apple beat and buyback post close (86.5).+5%
DIALOG - Apple supply chain strong on Apple beat & buyback post close (18)+3-4%
OCADO - Another international deal, this time in Sweden with ICA (567.5)..+2-3%
SWISSCOM - Revs 2% ahead, EBITDA inline and 2018 outlook confirmed (490)..+2-3%
INMARSAT - Mixed as govt misses, aviation inline & guidance reiterated (369)+2%
HOWDEN - UK revs +14.8% and sales growth driven by increase in vols (490)...+2%
NOVOS - EBIT beat and guidance raised, sales growth 3-5% v prior 2-5% (300).+2%
STANDARD - PBT Inline, revs only slightly weaker but capital strong (785)...+2%
CONVATEC - Org growth +3.7% ahead of cons for 2.4% and FY guide reit'd (222)+2%
VIVENDI - Management to present findings to board on future of UMG (22.2).+1-2%
MINERS - Copper +1.25%, Iron ore fut +1.8% and BHP OZ -0.26%, RIO OZ +0.33%.+1%
BOSS - Small beat with EBITDA 2% ahead and sales growing 7% v +5.5% (78.6)..+1%
SAGE - No material changes to the fin info or guidance made 13th Apr (636.4)u/c
RYANAIR - Traffic grew +9% YoY to 12.3m and load factor is unch at 96% (16).u/c
PROSIEBEN - Sentiment negative that FB might enter the dating market (29).-1-2%
DIRECT LINE - Small miss. Motor premiums +3%, with total group GWP -5% (370)-2%
PADDY POWER - Soft with revs -2% YoY and underlying EBITDA -6% CC (7109.9)..-2%
RBC
*ASML/DLG: +1% positive read from AAPL strength overnight.
*BOSS: +2% Q1 retail LFL ahead, gross margins light, strong into numbers.
*CONVATEC: 0% Q1 organic revenue growth ahead, solid start to year.
*DIRECT LINE: -1% Q1 trading statement mixed, gross written premiums @ £769.9M.
*EVOTEC: +1% announced expanding its CRISPR service offering.
*FIAT: -1% US SAARS data overall sector weak.
*GEM DIAMONDS: 0% management changes, name COO Velloza deputy CEO.
*GLENCORE: +2% obtained temporary injunction against Gertler.
*HOWDEN: +2% on track with FY'18 plans, UK looks solid.
*INDIVIOR: +2% Q1'18 numbers ahead, FY'18 guidance confirmed.
*INTESA: +1% BOERSEN-Z: ISP wants to grow on its own.
*ISAT: -2% Q1 revenues miss, FY'18 guidance unchanged, not enough.
*LUNDIN PETRO: 0% Q1 numbers in line, FY'18 guidance unchanged.
*MITTAL: -1% US waiver pushed to June 1, ADR move from Monday.
*NOVO: +4% Q1 numbers ahead, solid, boosts FY'18 forecasts.
*OCADO: +5% to develop ICA's online grocery business in Sweden.
*OERLIKON: +3% Q1 orders beat, EBITDA ahead, FY'18 guidance maintained.
*PADDY POWER: -2% Q1 trading update light, EBITDA guidance light.
*RENAULT/UG: +2% French car sales +9% for April, RNO +11% and UG +20%.
*SAGE: 0% H1 numbers in line, no material changes to guidance.
*SCHNEIDER: -1% expands in India with $2.1B buy of L&T unit, 3% ex-div today.
*STANDARD CHART: +1% Q1 slight miss @ top level, stronger capital and loan growth.
*SWISSCOM: +1% Q1 revenues & EBITDA ahead, driven by Fastweb.
CS
Convatec -2-3% Revs ahead but driven by infusion, Ostomy Care weak
Direct Line -2% Trading update slightly disappointing
DWS M/P CS INITIATE with NEUTRAL (Valuation)
GN Store +2% Organic growth 10% cons 8%, hearing guidance unchanged.
Hugo Boss UNCH Q1 EBITDA 3% beat, sales 00.5% beat, confirms FY guidance
Indivior M/P 1Q Sales $255m vs cons $280m, Reconfirms 2018 Guidance
Inmarsat +1% Revs 1% below cons, EBITDA 1% ahead, Reiterate outlook
IWG -1% Revs ahead, FX headwinds, increased costs
Mittal -1-2% ADR's weak vs Mondays European close
Miners +0.5-1% Copper +1.55%, Brent -0.65%, Iron Ore closed, China -0.30%
Novo Nordisk +2-3% 1Q EBIT DKK12.45B est DKK11.61B, boost guidance
Norsk Hydro -2% US officials softened rhetoric on sanctions against Rusal
Ocado +3-5% Announce a deal with ICA for Smart Platform
Oerlikon +1-2% Revs CHF813m vs cons CHF810m, EBITDA ahead
Oils -1% US API build of 3.43m barrels vs a build of 1m last week
Paddypower -2-3% EBITDA guidance for FY is €470-495m, vs CS ests €499m
Ryanair M/P Load factor flat, passengers +9%
Sage M/P H1 rev meets estimates, no material changes to guidance
Sensirion M/P CS INITIATE with NEUTRAL (Valuation)
Staffline -1-2% CS DOWNGRADE to UNDERPERFORM (Higher risks)
Stan Char +1% Q1 PBT of $1187m cons $1206m, CET1 ratio ahead
Swisscom -1% Q1 Net rev CHF 2,89bln est CHF 2.83bln, Outlook unchanged
Thom Cook +1% CS UPGRADE to OUTPERFORM (New operating model)
exane :EARLY INDICATIONS...
BOSS GY +2%/+3%
CTEC LN + 1%
LUPE SS +1%
NOVOB DC + 2%
OCDO LN +4% L
RYA LN +1%
SAN FP - 50 Bps
SCMN SW: +1%
STAN LN: +1%
SU FP +0.5%