TheChek News Flow

BAML:
AA - Confirms had prelim discussions with Hastings in early summer (174).+5-10%

JD SPORTS - Positive outlook, expect yr end results to be at upper end (360)+5%

PREMIER OIL - Selling entire Wytch Farm interests for $200m v $142m val (60)+5%

ASHTEAD - EBITDA up 18% v cons of £425m. AHT US rental revs up 17% (1700)...+1%

CAPGEMINI - Group reits targets for '17 ahead of its capital mkts day (97)..+1%

CRED AG - Kingdom to buy $1.54b Saudi Fransi stake from Credit Ag (15.1)..+0.5%

TELENET - The CEO John Porter has sold EU 0.28m of telenet stock (56.44)....u/c

UCB - Amgen/UCB data shows 48% cut in spine fracture risk thru 24 Mos (59)..u/c

HASTINGS - AA confirming is had prelim discussions with co in summer (309)..u/c

MINERS - Brent -0.1%, Copper -0.5% and miners in OZ; BHP +1.3%, RIO +1.9%.-0.5%

RBC:
*ASHTEAD: +2% Q1 strong & outlook in line, margins improving.

*BASILEA: +2% distribution agreement with Cardiome Pharma for antibiotic.

*CAPGEMINI: 0% reiterates FY targets on CMD.

*FAROE PETRO: -1% dry well @ North Sea Goanna prospect.

*FLUGHAFEN WEIN: 0% August traffic solid, Vienna passengers +4%.

*FRAPORT: 0% August traffic solid, Frankfurt passengers +5% & cargo +5.5%.

*JD SPORTS: +4% H1 numbers solid, revenue beat, raises FY capex guidance.

*PARTNERS GROUP: +4% H1 results solid, FY'17 guidance confirmed.

*PREMIER OIL: 0% confirmation sale of 33% stake in Wytch Farm field complete.

*REDROW: -3% placing of 25.9M shares @ 590p.

*UNIPER: +1% HB: CEO prefers company independence versus sale to investor.

*WOOD GROUP: 0% CMA accepts proposed remedies on WG/ purchase of AMFW.


Investec:
UK

* AA-Confirms spec(FT)that held talks with HSTG, now ceased..................+3%

* ASHTEAD-Q1.PTP £238m(I/L)Hurricane season underpin current mkt exp's.......+1%

* CAIRN HOMES.Founders selling 15.65m (2.1%) shares via ABB................-2-3%

* EQUINITI-£122m rights issue to part fund Wells Fargo Registrar acq's......unch

* FAROE PETROL-Goanna well(N.Sea) is dry. Plugged & abandoned..............-2-3%

* GOOD ENERGY-H1.Challenging H1, #'s a miss. D/G FY 17&18 fcast..............-5%

* HASTINGS-AA confirms it had talks, now ceased..............................+2%

* HILTON FOOD-H1.#'s ahead (FX +ve) FY outlook remains in line...............+1%

* JD SPORTS-H1.Guiding to top end.c4% U/G to FY18&19 PBT.(shs +4.7% yday)....+3%

* MIDWICH-H1.Continues strong performance. Confident of meeting exp's........+1%

* OLD MUTUAL-Hellman&Friedman approached about buyout of OMGI(SKY)..........unch

* OXFORD INSTRU-AGM.Trading in line, no chg to FY exp's but H2 weighted....-2-3%

* PREMIER OIL-Confirms disposal of Wytch farm for $200m......................+1%

* REDROW-Steve Morgan's Charity sells 25.9m shs(via ABB)@590p(closed 632.5p).-5%

* TARSUS-Expands Mexican JV. Small upgrade to #'s...........................unch

* AHLSELL- CVC's Keravel sells 66m (15%) shares via abb, priced SEK51.50....-4%

* ARKEMA-US probe safety practices after fire.............................-0.5%

* CAP GEM-Cap Mkts Day-reits short and medium term targets..................U/C

* INGENICO-Vacheron leaves 4 personal reasons, had been tipped as poss CEO..-1% * PARTNERS GRP-H1 numbers very strong, rev +25%, confirms guidance..........+4%

* UNIPER-CEO prefers independence vs sale to investor (HB)..................U/C

* VAN LANSCHOT-Rabobank selling 4m (9.7%) shares via abb, priced €25.10.....-3%

* VIVENDI-placed €850m bond last night.........................


ShoreCap:

OXFORD INST. - agm, sees H2 benefiting from new product and ccy impact......UNCH

JD SPORTS - H1 pbt 102.7m.Expect yr end result to be at upper end of est.....+3%

ASHTEAD - Performing in line with views at end of quarter....................+1%

AA - Confirms did have preliminary discussions with Hastings but have ceased.+2%

HILTON FOOD - revs +9.3%,op.profit +9%,eps +13.6%,sees FY in line...........UNCH

APPLEGREEN - revs +21% €672.5m,LfL +10%,profit +20%,well positioned for H2...+2%

VAN ELLE - Q1 encouraging,good levels of activity,rail remains challenging..UNCH

SAFECHARGE - strong transaction growth,rev growth from tier 1 taking longer..-2%

GOALS SOCCER - LfL sales growing in H2 but a slower rate than anticipated....-5%

REDROW - Steve Morgan sells 25.9m shares in placing at 590p..................MKT

EQUINITI - 3 for 14 rights issue at 190p,raising £122m to fund acquisition...MKT


Mainfirst:
*VW-To invest €20b for electric versions of all models by 2030.......+0.5%

*FRAPORT-FFT Aug Passengers 6.29m,Passengers +5%,Cargo +5.4%.........U/C

*SCOR-CEO says Florida Cat.Exposure very low(stk +3% yest)-Echos.....+0.5%

*PARTNERS-H1 Rev 565m(500),Ebitda 374m(306),Confirms FY guidance.....+4%

*DORMAKABA-FY Ebitda 387.3m(370.9),Sales 2.52b(2.5),NI 224.6m........+2%

*BMW-Sees 110k elec cars sales this yr,Diesel still part of mix......+0.5%

*INGENICO-Vacheron leaves 4 personal reasons,Huss 2 lead retail......-1%

*DAI-Plans up to 50 elec models '22,to ivest €10b,Smart pure elec....U/C

*UNIPER-CEO prefers co.independence to sale to investor - HB.........+0.5%

*VIRBAC-H1 Sales 438m(438),Ebit 33m(35),NP 14m(16),Cuts FY o/lk......-4%

*CAPGEM-CMD today,reits meduim-term tgts and reits tgts for FY.......+0.5%

*NOVARTIS-Biosimilar rituximab accepted for review by the FDA........+0.25%


Numis:
* AA -2-3% Confirms it had talks with Hastings re combination of insurance operations , talks now ceased

* ASHTEAD +1% Numbers small beat (FX helping), +ive momentum, Hurricanes will generate increased demand

* CAIRN HOMES -3%: ABB, Co-founders of CRN are selling 15.65m shares (2.1% of ISC).

* EMPIRIC -2% Interims, NAV inline, earnings behind, rental margin behind target

* EQUINITI -1% Expected rights issue to fund Wells Fargo deal – 3 for 14 @ 190p

* FAROE PETROLEUM: -1%, Dissapointing well results from Goanna well

* HASTINGS mkt Confirms had talks to combine insurance operations with AA , talks have ceased

* HILTON FOODS MKT Small headline beat, Op Profit 18.8m vs 17.5 NUM (e) but no change to forecasts

* OXFORD INSTRUMENTS -3% Trading statement; revs and profit for the first 5 months behind expectations, shares have been strong into the statement

* PREMIER OIL: +2%, Confirms sale of Wytch Farm to Verus for $200m cash consideration and releasing $75m in letters of credit for future decommissioning.

* PTSG MKT Acquisition of UK Sprinklers Ltd for £2.5m

* REDROW -5%: ABB announced after close last night, 25.9m shares (7% of ISC), vendors Steve Morgan & his charitable trust. Stock placed at 590p, approx 7% discount to last night's close (632.5p).

* SAFECHARGE: +1%, Solid H1 followed by a strong start to H2. Successful launch of global payment service to Tier 1 customers. Mgmt still confident with FY expectations


CS:
AA +2-3% Potential transaction with Hastings with its insurance biz
Amec R CMA Accepts Proposed Remedies
Ashtead +2-3% Q1 PBT ahead at £238.5m vs CS ests £230.7m
Atlas Copco +1% Komatsu China digger sales jump +77% in August
Banks +0.5-1% Banks strong in Japan, US 10 year yields back above 2.13%
Basilea +3% Announces distribution agreement with Cardiome
CNH Ind +0.5% Peer Deere sees Aug US/Canada tractor sales up +67%
Dorma Kaba +1% FY EBITDA 387.3mln vs cons 372mln, guidance ahead
Fraport M/P Traffic stats - passengers August +5.0%, cargo +5.4%
Hastings UNCH Potential transaction with Hastings with its insurance biz
JD Sports +3% PBT 102.7mln cons 95mln, guidance towards the upper end
Julius Baer +2% Positive read from Partners Group numbers
Miners UNCH Copper -0.45%, Brent +0.45%, Iron Ore +0.65%, China UNCH
Novartis +0.5% Sandoz Biosimilar Rituximab Accepted for Review by FDA
Partners +5-7% H1 EBITDA CHF374m vs cons 304m, higher performance fees
Sandvik +1% Komatsu China digger sales jump +77% in August
Thyssen +1-2% Tata finally frees itself from £15bn UK pension liability
Vivendi M/P Said to try last minute move to avoid $359m fine. BB


Citi:
UK
*AA -Confirms prelim talks with Hastings rergards to a merger +1%
*Ashtead-Q1 ebitda £431.1m,performance in line with expectations +2%
*JD Spts-H1 grp revs £1.37b,FY results to be top end of estimates +3%
*Redrow -Bridgemere,Chairmans Charity sells 25.9m shares vis Barcap -2%
*Whitbd -Citi Double D/G -2%

EU
*Arkema -U.S EPA probing Arkema’s safety practices after fires.RTR u/c
*Fraport -Frankfurt Aug airport passengers +5%. +1%
*Partners Grp -H1 ebitda 374m and confirms FY '17 guidance. Margin +66%. +2%
*SCOR -CEO Kessler says Florida exposure very low. Echos. u/c
*Novartis -Rituximab accepted for review by FDA. +1%
*BMW -Sees 100000 electric car sales this year. u/c
*Basilea -Announces distribution agreement with Cardiome. +1%


Commerz:
B5A -2.7% Lampe cuts to Hold (Buy)

DBK +0.9% Keefe, Bruyette & Woods raised to Outperform (Mkt Perform),PT €19

DRI unch Deutsche Boerse adjusted free float to 38.94% (from 70.14%)

FRA unch Frankfurt Airport August passnegers up 5%

JEN -1.4% DZ Bank cuts to Hold (Buy), PT €26.50

LEG +1.3% Baader raised to Buy (Hold), PT €93

PBB +0.8% HSBC raised to Buy (Hold), PT €14

SRT3 -0.7% Feedback from management roadshow - limited surprise potential

UN01 +0.6% CEO prefers Co to remain independent over sale to investor

VOW3 +0.5% CEO vows to offer electric version of all 300 models by 2030


N+1 Singer:
UK 100

ASHTEAD (AHT) +0.5% * Q1 Rev. up 16%, Pretax profit up 20%.

PRUDENTIAL (PRU) UNCH * To redeem $1bn in 6.5% notes in December after PRA approval.

SMURFIT KAPPA (SKG) +0.25% * Goldman raises to ‘BUY’ (‘NEUTRAL’) – PT 2750p (2600p).

WHITBREAD (WTB) -0.25% * Citigroup cuts to ‘SELL (‘BUY’).

AA PLC (AA/) +2% * Confirms had discussions with Hastings to explore possible combination of insurance businesses

JAMES FISHER (FSJ) +0.25% * Raised to Hold at Canaccord

JD SPORTS (JD/) +2% * H1 revenue £1.37bn, H1 pbt £102.7m, raises FY capex guidance to £106m, expects FY results to be at upper end of estimates

REDROW (RDW) -3% * Placing of 25.9m shares at 590p

SSP GROUP (SSPG) -0.25% * Cut to Neutral at Citi

WIZZ AIR (WIZZ) Unch * New Neutral at Citi

WOOD GROUP (WG/) +1% * CMA decides merger will not be referred for an in depth investigation

HILTON FOOD (HFG) UNCH *1H rev. £690.7m, PTP £18.4m, Sees FY in line. Div. 5p.

CIRCASSIA PHARMA (CIR) UNCH *European Launch of NIOX VERO® Nasal Mode

OXFORD INST. (OXIG) -4% *Rev. and OP at constant currency behind last year. Lower sales of optical microscopy products. Longer lead times. FY expectations unch,

PREMIER OIL (PMO) +1% *Proposed sale of Wytch Farm Interests for $200m.

RAVEN RUSSIA (RUSP) *1 in every 52 tender offer at 52p.

TARSUS (TRS) +0.5% *Mexican JV now owns all of EJK Mexico's Event Portfolio.