BofA-ML
ULTRA ELECTRONICS - Company says its in advanced talks to buy Sparton..........
CAPITA - Asset services business sale confirmed for an EV of £888m (726)....+5%
NESTLE - Dan Loeb's HF Third Point takes a $3.5bn stake in Nestle (83)....+1-2%
INTU - John Whittaker (owner of 27% of Intu) takes 4.6% stake in HMSO(275)+1-2%
ENQUEST - Kraken (70.5% interest) 1st oil achieved on 23rd June (29.9)....+1-2%
HAMMERSON - John Whittaker (owner of 27% of Intu) taking a 4.6% stake(597)+1-2%
CAIRN ENERGY - 29.5% field partner in the Kraken field with Enquest (172).+1-2%
ITALIAN BANKS - Veneto banks liquidations is the best case scenario.......+1-2%
EON - FAZ reporting that Germany will sign nuclear waste deal today (8.9).+0.5%
RWE - FAZ reports that Germany will sign a nuclear waste deal today (19)..+0.5%
MINERS - Copper -0.3%, Iron Ore fut +0.3% with BHP OZ +0.18%, RIO OZ +0.92%.u/c
GETINGE - 2 Brazilian units under investigation for cartel activities (171).-1%
CS calls
Burkhardt M/P Acquires Canadian CSM Compressor, small bolt-on deal
Cairn Energy +1% Enquest (operator) announced start-up of the Kraken field
Capita +1% Sale of Capita Asset Services to Link Group for £888m
Hammerson +1% John Whittaker has built a 4.6% stake in Hammerson
Intesa +1-2% Intesa take Veneto good assets + €5.2bn state aid
Intu +1% ST suggests Intu may merge with HMSO post stake build
Lufthansa M/P CEO Rules Out Air Berlin Takeover for Now
Miners +0.5% Iron ore +30 bps, Copper -35 bps. Sector steady in Oz
Nestle +0.5% Third Point builds stake, suggests selling L'Oreal stake
Reckitts +0.5% CS raising EPS estimates and up'd TP to 8,650p
Rio Tinto S/P Glencore increases offer for Rio Coal assets
Roche M/P Genentech's Emicizumab showed positive results in Phase 111
Satorious M/P CEO says co can raise >€1bn for acquisitions
Ultra Elec. +1% CO Confirms it is in talks to buy Sparton Corporation
Investec Euro & UK Pre Mkt Indications
* ALTICE-talks on bid for PRISA stake in Media Cap(val €450m)-Expresso......U/C
* DIALOG SEMI-CEO see return to growth in 2017 (FuW)........................+2%
* EUROFINS-another small aqn today. CEO sees aqns of all sizes(Investir)....U/C
* GETINGE-Brazil units under investigation for alleged cartel activities....-2%
* LUFTHANSA-CEO rules out Air Berlin takeover for now(BamS).................+1%
* NESTLE-activist takes $3.5bn stake,urges sale of L’OREAL(U/C) stake.......+1%
* ROCKET INTERNET-Delivery Hero books covered in top half range.............+1%
* SANOFI-likely spec L’OREAL will sell stake to fund buyback from NESN VX...U/C
* SLM SOLUTIONS-gets multi-machine China order..............................+2%
Other
* INTESA-Govt approves Veneto bailout, Intesa take on assets, CET1 neutral deal.
UK
* AMEC FW-Completes CFB disposal for $170m.................................unch
* BILLITON-South Frank mine to cost about A$3-4bn.Aprroval H1 '18..........+½%
* CAIRN/ENQUEST-Kraken first oil on schedule & under budget.................+2%
* CAPITA-Confirms sale od CAS to Link Grp for £888m.........................+1%
* ENTERTAINMENT ONE-CFO buy 40k shares(1st purchase)........................+1%
* GAMMA COMMS-COO stepping down (leaving end Sept).........................unch
* GLENCORE-RIO's board Will View Glencore’s Coal Offer Favourably(RBC).....+½%
* HAMMERSON-Peel Hdgs(built 4.6% stake) could merge with HMSO(STimes).......+1%
* ITV-Bidding Frenzy set to begin(wall steet wires)Shs +3.3% Friday.........+2%
* ULTRA ELEC-Confirms in talks to Buy SPARTON(SPA US).....................+2-3%
MF
*NESTLE-Said to targeted by activist Dan Loeb's Third Point........+1%
*L'OREAL-Nestle stake sale back on the radar(23.2%),see above......-0.5%
*ROCHE-Genentech's Emicizumab shows positive results in phase 3....+1%
*LUFTHANSA-CEO rules out Air Berlin t/o for now,not a surprise.....+0.5%
*TECHNIPFMC-Petrobras negotiating amendment to contract - Rtrs.....-0.5%
*GETINGE-Says Brazilian Units under investigation by authorities...-1%
*EDF-Hinkly audit show up to €3bln of extra costs says Le Monde....-1% *
EUROFINS-Seeking acquistions of all sizes,buys Genoma Lab(small)..+0.5%
*DIALOG-CEO sees grth returning in '17,reduce Apple dependency.....+0.5%
• AMEC FW-Completes CFB disposal for $170m.................................unch
• BILLITON-South Frank mine to cost about A$3-4bn.Aprroval H1 '18..........+1/2%
• CAIRN/ENQUEST-Kraken first oil on schedule & under budget.................+2%
• CAPITA-Confirms sale od CAS to Link Grp for £888m.........................+1%
• ENTERTAINMENT ONE-CFO buy 40k shares(1st purchase)........................+1%
• GAMMA COMMS-COO stepping down (leaving end Sept).........................unch
• GLENCORE-RIO's board Will View Glencore’s Coal Offer Favourably(RBC).....+1/2%
• HAMMERSON-Peel Hdgs(built 4.6% stake) could merge with HMSO(STimes).......+1%
• ITV-Bidding Frenzy set to begin(wall steet wires)Shs +3.3% Friday.........+2%
• ULTRA ELEC-Confirms in talks to Buy SPARTON(SPA US).....................+2-3%