ML
MICROFOCUS - Ex the special div of today of 168p post the HP deal completion...
VIVENDI - Q2 UMG recorded revs grow +17% and margin also expand 270bps (20).+3%
VOLVO - New bullish medium term targets are bit above consensus ests (138)+1-2%
H&M - Upbeat CEO interview on Direkt; says '18 sales target to be met (203).+1%
AIRBUS - We UPGRADE to Neutral, raising our FCF ests by 1-2% for '18-'19(71)+1%
INGENICO - FT reporting Hellman & Friedman is in the lead to buy NETS (84)..+1%
MTU AERO - We U/G to Neutral. Strong growth ahead, near term headwinds(119).+1%
WIRECARD - FT reporting Hellman & Friedman is in the lead to buy NETS (72)..+1%
MINERS - Copper +0.1%, Iron Ore fut +1.1% with BHP OZ +0.1%, RIO OZ +0.37%..u/c
NYRSTAR - Completes sale of Contonga mine for $21m. Is not material (6.04)..u/c
GEMALTO - Op profit inline with preannouncement/ guidance from July (45.4)..u/c
ILIAD - Revs solid, up 7.7% YoY but EBITDA a touch light, KPIs mixed (215)..-1%
INDIVIOR - Loses ruling over 3 patents for suboxene / their main drug (354)-15%
CS
Gemalto +2-3% Q2 revs inline, H1 margin light, short int has increased
Iliad M/P Revs 1% ahrad, EBITDA 1% light
Indivior -c10% Loses rulings over three patents for Suboxone
Miners UNCH Copper +0.10%, Brent +0.85%, Iron Ore +3.00%, China UNCH
Peugeot +0.5% French wew car registrations climbed +9.4% y/y in Aug
Renault +1% French wew car registrations climbed +9.4% y/y in Aug
Sonova M/P Appoints Arnd Kaldowski as new CEO
Vivendi +3-5% EBITDA up 16% to €203m. Confirms FY Outlook
Volvo +2% Announces a new operating margin target of above 10%
ZPG M/P Small acquisition - Acquires Ravesworth
Macq UK Indications:
* Indivior INDV- Sees Significant Risk to Guidance After Court Ruling. -15%
* Intermediate Cap ICP- Stephen Welton joins Board as NED, current Chief Exec of Business Growth Fund. Unch
* Jackpot Joy JPJ- Jorgen Nordlund steps down as NED. Unch
* Rathbones RAT- Merger talks with Smith & Williamson terminated, Rathbones taking a £5m charge in relation to expenses to this. -1%
* Rio Tinto- Completes Sale of Coal & Allied to Yancoal. Cutting Thermal Coal guidance to 13-14m tonnes from 17-18m tonnes. -1%
* Vertu Motors VTU- Sells Freehold on Leeds dealership for £14m, Current Trading inline with previous est’s. Unch
* ZPG- Buys Ravensworth, a leading printers for Estate Agent services. Unch
MainFirst Pre Mkt Indications
*VIVENDI-Q2 Rev 2.77b(2.70),UMG OG 15.2%,Op Margin 12.3%(10.9%).....+3%
*ACCOR-Confirms Etchandy-Stabile leaving HotelServices France......U/C
*GEMALTO-H1 Rev 1.39b(1.38),OP 93m(93),FY OP 293m-323m(323m)........-2%
*AUTOS-French Aug Regs +9.4%,PSA +7% in Aug,Renault +12% in Aug.....+0.5%
*ILIAD-H1 Rev 2.46b(2.44),NI 232.6m(209.5),New Mobile Subs 440k.....-1%
*SONOVA-Names Arnd Kaldowski as CEO from 1st April 2018.............U/C
*LUFTHANSA-Condor mgmt considering full takeover of Air Berlin(N/D).+0.5%
*H&M-To roll out click & collect,1hr delivery,itro a new brand......+0.5%
*WIRECARD-Nets PE bids DK31.3b,Wirecard is a rare asset,SI 8.5%.....+0.5%
*UBLOX-Read across from Gemalto sees grth in M2M into H2,SI 7%......+0.5%