Bofa
HOUSEBUILDERS - DCLG committing HM Govt to the Help to Buy scheme until 2021+2%
MINERS - Copper unch,Iron Ore fut +1.6% & BHP OZ +1.8%,RIO OZ +2%,FMG +2.9%.+1%
DTEL - Bbg reporting that Sprint has resumed discussions with T-Mobile (16).+1%
UBI - We UPGRADE to Neutral post 2Q results, with a new PO of EUR4.50 (4.14)+1%
WORLDPAY - Spec will reveal plans for a secondary listing in London (373).+0.5%
SAFRAN - United Tech to bid for Rockwell Colins. Endorses cos strategy (82).u/c
CAIRN ENERGY - Won't move dial. New oil discovery in Senegal SNE North (173)u/c
KINNEVIK - Ex-finance minister Borg quits after drunken abuse claim (253)...u/c
FRESENIUS MEDICAL - To buy Nxstage medical for USD30 per common share (79)-0.5%
STATOIL - Weak result at latest exploration well in Norway- Wisting (149).-0.5%
ULTRA ELEC - Revs -2.9%, u/lying op profit +0.2% v cons. FY is unch (2039)-1-2%
PADDY POWER - Says Worldpay's Jackson is to succeed Corcoran as CEO (7724)..-5%
POSTNL - Op income inline, mail vols -9% whilst parcel vols grew +17% (3.9).-5%
Shore
ULTRA ELECTRONICS-H1 ptp 52.3m.Views for Fy remain unchanged...............UNCH
MONITISE-Fiserv increased and final offer for company.......................+5%
PLUS 500-H1 revs $188.4m.$27.21 shr buyback.To significantly exxed '17 fcast+4%
PADDY POWER-Sees trading in line with views for H1.........................UNCH
VERNALIS-FDA issues complete response letter on CCP-08 NDA..................-2%
EARTHPORT-Expands into Nigeria with Access Bank............................UNCH
Investec
UK
UK
*AMEC FOSTER WHEELER: contract win from Total's Donges refinery.............+1%
*BATS-to raise $25bn in bond mkt this week for Reynolds deal(S.Times)......-0.5%
*CARRS GROUP: US engineer NUVISION acquired max $20m......................+0.5%
*CAIRN ENERGY: another +ve well result offshore Senegal...................+0.5%
*CHEMRING: wins 2Y contract to prod MJU-66 for US Air Force worth $29mln....+1%
*DIGI BARR: US contract nt for DB tech for partner act as supplier for....+0.5%
*HALMA-completes aqn of Cardios...........................................+0.5%
*HENRY BOOT-positive write up in FT today...................................+1%
*ITM POWER: significant increase in order pipeline of £4.87m,total now >40m +2%
*PADDY POWER-CEO to step down, likely take negatively.......................-3%
*TELIT COMMS: lowers guidance delays getting its US Cert for LTE products...-5%
Euro
*BANCO BPM-Q2 rev small beat, NII looks good. Strong on Friday..............U/C
*BPOST-results due after close
*CARL ZEISS-9m results out, sees FY rev in line, ebit in midterm range......+2%
*DTEL-Sprint said to restart talks on T-Mobile deal.........................+1%
*FRESENIUS MED-buys NxStage for $2bn(23% prem), net/eps accretive in 3yrs...+1%
*POSTNL-Q2 revs small miss, sees FY performance towards lower end range.....-3%
*SAIPEM-said to get $800m Oman contract.....................................+1%
*STM-expects to reach high end of growth goal(Investir).....................+2%
*VESTAS-turbine catches fire at test site(DR)...............................-1%
*VW-Audi formally added to diesel probe.....................................-1%
*French privatisations to start end-Aug, ORA FP, ADP FP early candidates(Rtrs)
*Major US Co's reporting : Baker Hughes, Marriott, Tyson
CS
Amec R To sell off North Sea assets to clear way for deal
Amec R To sell off North Sea assets to clear way for deal
Banco BPM R Banco BPM Agrees to Sell Asset Mgmt Unit to Anima for E700M
Carl Zeiss M/P Q3 Revenues 1% ahead, EBIT inline, confirms forecasts
Deut Tel +0.5% Sprint said to resume early talks on merger with T Mobile
ElringKlinger +1-2% Q2 EBIT 3% miss, revs inline, confirms outlook
Fres Med -0.5% To acquire NxStage Medical (NXTM US) for approx. $2b
Halma +1% Completed purchase of Cardios
Miners +0.5% Copper -0.25%, Brent -0.15%, Iron Ore +2.70%, China UNCH
Oils +0.5% US rig count fell 4 rigs to 954 from 958. Brent -0.15%
Paddy Power -3-5% Corcoran to step down as CEO, guidance inline
Post NL -3-5% Q2 revs 1% light, Mail volume declined by 8.8%
Snam +0.5% Italy regulator published regulation for Gas transmission
Telit -5% H1 Revenues 11% light, guidance weak
Volkswag
MainFirst Pre Mkt Indications
*DTE-Sprint has resumed prelim merger talks with T-Mobile...........+0.5%
*STM-Expects to meet high-end of 2017 goal says Investir............+0.5%
*POSTNL-Q2 Rev 836m(834),Mail -8.8%,Exps FY near low end of Ests....-5%
*FRES MED-To buy NXSTAGE Medical for $2b,paying $30(30% prem).......+0.5%
*CARL ZEISS-Q3 Sales 277.2m(276),Ebit 37.5m(37),Margin-o/l fine.....+1%
*POPULAR-Shareholders challenge resolution decision - Expansion.....+0.5%
*SGL CARBON-Mulls full ownership of BMW Carbon fiber JV - Euro......+3%
*SAIPEM-Gets $800m contract in Oman,2 carry out several projects....+0.5%
*VIVENDI-Must declare if fully ctrls TIT,may cut Mediaset stake.....U/C
*VESTAS-V164-8mw Turbine catches fire at test site reports DR.......-0.25%
*QSC-Q2 Rev 87.2m(88.23),Ebitda 9.7m(9.7),Ebit 1.7m(1.6),FY ok......-5%
*XING-H1 Rev 86.2m(85.81),Ebitda 27.3m(26.1),Net 13.1m(11.72).......+0.5%
*HYPOPORT-Rev 47.3m(45),Ebit 6m(6.8),Margin 12.7%(15.1),o/l ok......+0.5%
*ELRINGKLINGER-Q2 Ebit 35.8m(37),Sales 407.8m(408),Reit o/lk........+2%
*EVONIK-Spec they may bid for Clariant,we think non-starter,no cash.+0.5%