BOFA-ML
* AXEL SPRINGER - Final deal size 2.25m shrs, priced at EUR 54.9; BAML sole....
* PLAYTECH - Founder selling 10.1% stake at 924p/shr; UBS, Goodbody, Shore.....
BANKIA - Bankia and Banco Mare Nostrum boards sign a merger agreement (4.2).+3%
MINERS - Copper u/c, Iron Ore fut +2.75% & BHP OZ -0.13%, RIO OZ +0.17%...+0.5%
SMURFIT KAPPA - Announce €50/t price inc in recycled containerboard (2365)+0.5%
LONDON METRIC - Sells a Marlow office building for £68.5m, book value (172).u/c
PETROFAC - Trading all inline. Bigger picture still SFO investigation (426).u/c
DEBENHAMS - Looks like recent perf has been poor. Stock has been weak (44.5)u/c
SANOFI - Wins EU approval for Sarilumab in Arthritis. Not material (88.7)...u/c
FAURECIA - Confirms '18 obj & '17 guidance but -ve read from Schaeffler (47)u/c
EDF - ASN says EDF reactor vessel may not function for more than few yrs (9)-1%
D.TELEKOM - Merger discussions of T-Mobile US with Sprint are on hold (16)-1-2%
VALEO - Negative read from Schaeffler warning and cutting numbers o/n (61)-1-2%
CONTI - Negative read from Schaeffler cutting margin guidance overnight(194)-2%
STADA - Tender offer from Bain/Cinven did NOT meet target, -6% aft/hrs (57).-7%
SCHAEFFLER - Warning. Cuts FY17 EBIT margin guide to 11-12% from 12-13%(13)-10%
Mainfirst
*SCHAEFFLER-Cuts Adj Ebit margin to 11%-12%(12%-13%),c.D/G -7%.......-10%
*DSM-CEO says growing by more than 10% in China in Q2,+ve in US......+1%
*JCDECAUX-To create a jv by merging with America Movil-Mexico........+0.5%
*SANOFI-Faces pressure from US on Zika vaccine cost..................-0.25%
*STADA-Tender offer from Bain,Cinven fails to meet target............-7%
*AXEL SPRINGER-ABB General Atlantic sells 2.25m shs @ €54.90........-1.4%
*LONZA-Rec'd regulatory approval for Capsugel acq's,H1 26th July.....+0.5%
*SIEMENS-CEO grows wary as activist investors cast wider net.........U/C
*ROCHE-EC approved a new tablet forumlation of Esbriet...............+0.5%
*STRABAG-Asyad interested in Raiffeisen's stake in Strabag(27.5%)....+1%
*GN STORE NORD-Chairman eyes takeovers to speed up growth-Borsen.....+1%
*FAURECIA-Confirms '18 objectives & '17 o/lk,c/mobility 7% CAGR......+1%
*BMW/VW/DAI-German OEM's may recall 12mln diesel cars................-1%
*CONTI-Read across from Shaeffler warning............................-2%
*DTE-Sprint & T-Mobile talks on hold,Sprint talking to Chart/comcast.-1%
CS Calls
Autoliv +1-2% Autoliv and Volvo Cars announce deal with Nvidia (AI Co)
Deutsche T. -1-2% Sprint in excl. talks with charter, T-Mobile on hold
DSM M/P CEO Says Growing by More Than 10% in China in Q2
GN Store N. M/P Chairman Eyes Takeovers to Speed Up Growth: Borsen
Implenia M/P Announced a major order for CHf150mln
Northgate -2-3% PBT 5% miss with UK being weak in particular
Oils -0.5% US peers -40bps post EU, ADRs all closed at their lows
Petrofac -1-2% Lowers FY Forecast for Integrated Energy Services Unit
Schaeffler -5% Profit warning after last night's close
SKF -1-2% Read from Schaeffler's warning (25% of SKF is Automotive)
Stada -7% Bain/Cinven takeover collapsed
Tele2 +1% CS u/g to Neutral on +ve view on Swedish mobile growth
Macq UK Indications:
* Atlantis Resources ARL- Launches Bond to raise £5m. Unch
* Debenhams DEB- FY Profits will be at lower end of Range. -5%
* Petrofac PFC-. FY Net Profits will be H2 weighted, Report H1 net profit of $135m-$145m, we have $216m. Core Business unaffected, will continue to engage in SFO Probe. -5-10%
* Playtech - Teddy Sagi sells 36.5m shs at 924p (993.5p close) upsized from 32m shs. -3%
* Travis Perkins TPK- Stuart Chambers succeeds Robert Walker as Chairman (ex Arm). Unch