ML
* DIRECT ENERGIE - To raise upto EU130m via capital increase; BNP sole on deal.
PREMIER OIL - Major oil discovery is Mexico, upto 200m of net oil pay (58).+25%
ROBERT WALTERS - Raise guidance.UK strong for them relative to PAGE/HAS(446)+5%
BARRATTS - Pretax 5% above raised cons, cash on B/S 25% better than exp(605)+4%
BURBERRY - Comp sales +4% v cons +2%. Mainland China & consumer strong(1635)+4%
FRAPORT - June traffic stats saw passenger growth +5.3% v ytd avg 4.5%(78)+1-2%
MINERS - Copper +0.7%, Iron Ore fut unch with BHP OZ +0.3% & RIO OZ -0.1%...+1%
SANTANDER - Could face EU800m of litigation risk relating to POP (5.8)....+0.5%
HOCHSCHILD - Prodn report looks inline. Silver 46% & gold 49% of our FY(257)u/c
SSPG - Grp revs +14.6% & Lfl growth of 3.6%. Is inline with cons ests (484).u/c
MICRO FOCUS - Rev -0.6% v cons, EBITDA 2.5% miss. Growth slowed to -3%(2198)u/c
OPHIR - Trimming prodn guidance by 8% & pushing FLNG guidance to 2H17 (71)..u/c
ACERINOX - We DOWNGRADE to Neutral due to its heavy exposure to the US (12).-1%
BILFINGER - Small warning. EBITDA now to breakeven v +1.4% prev guide (34)-1-2%
HELICAL BAR - Walker stands down as a Director with immediate effect (295)..-2%
LUNDBECK - We DOUBLE DOWNGRADE to Underperform, lowering PO to DKK 330 (375)-3%
RBC PRE-MKT INDICATIONS
AKER SOL. -4% Q2 earnings light with revenu and EBITDA miss, lowers FY
AMEC FW -4% SFO opened investigation, says no effect on WOOD GRP merger
BARRATS +2% Trading statement, FY pretax guidance upgrade
B&M +2% Q1 LFL up 7.3% v 5% expected, Grocery strong and Garden/Outdoor
BURBERRY +3% Q1 comp sales +4% v +2.5% expected, China/UK driving beat.
DNB +2% Q2 pre-tax 13% beat to cons, NII ahead, impairments lower
FRAPORT +1% Jun Traffic data ahead with PAX +5.3% v YTD +4.5%
GLENCORE +1% Coking Coal prices likely to rally on ILLAWARA outage.
HOCHSCHILD +2% Q2 prod. tad light for us but ahead of cons & Q1. Upbeat on FY
MICROFOCUS +2% Final results positive, FY adjusted EBITDA ahead.
OPHIR -2% Trading update weak, CEO stepped down, lowered FY17 guidance
PREMIER OIL +10% ZAMA-1 well shows over 1bln barrels of Oil offshore Mexico
R.WALTERS +2% Positive trading statement, 16% LFL growth and profits ahead
SOUTH32 -1% Declared Force Majeure on Illawarra due to gas levels/regulator
SSE/NG -1% OFGEM announcement negative at first glance
TELENOR -1% DIGI MALAYSIA warning, other subsidiaries due tomorrow.
TEL. ITALIA +1% Press reports VIV could be forced to launch offer by Consob
TESCO -1% Announcement BOOKER Merger referred for in-depth probe.
VIVENDI -1% Press reports VIV could be forced to launch offer by Consob
ZALANDO +2% Broker upgrade with nearly 100% upside
Shore
BARRATT DEV - Fwd sales +18.8% on prior yr,PBT of £765m ahead of mkt expec...+2%
ROBERT WALTERS - record quarter net fee income,PBT ahead of expec...........+2%
XAAR - trading in line,revs more weighted to H2 than usual..................UNCH
SSP - revs +14.6%,rail sector remains soft,sees further geopolitical impact.-1%
B&M RETAIL - strongest Q1 in 3 yrs,revs +18.3% LfL +7.3%,confident outlook..+2%
AMEC FW - SFO investigation into past use possible bribery and corruption...-5%
BURBERRY - Retail sales +4%(Est+2.5%).Q1 retail sales 478m(Est 471m)........+2%
JD WETHERSPOON - 11 week comp sales +5.3%.Fy op margin between 7.6 and 7.8%.+1%
TESCO/BOOKER - Merger referred for in depth probe...........................MKT
MICRO FOCUS - Fy revs $1.38b.Fy ebitda $651.1m.Fy final divi 88.06c.........+1%
SPEEDY HIRE - Q1 revs ahead of prev yr,invests £15m in new equipment.......UNCH