ML
EULER HERMES - Allianz buying minorities out at price of e122/ share (122).+20%
DELIVERY HERO - Revs 6% above cons. Guidance for FY upgraded to top end (39)+3%
ICADE - Development pipeline expanded to €1.7b. Lifts guidance for CF (79)..+2%
AROUNDTOWN - FFO/shr for the 9M to Sept +44% to €0.26. Strong growth (6.2)..+2%
AVIVA - Sunday Times reporting the possibility of a £1bn buyback (504.4)....+1%
FIAT - FCA: Magneti Marelli may be valued at EU4b-EU5b in IPO; Sole (14.89).+1%
MORGAN SINDALL - Partnership Homes div wins a contract worth £250mn (1410)..+1%
LONDONMETRIC - Sells 2 retail/leisure assets for £19m, c15% premium (181).+0.5%
STORA ENSO - Proposed restructuring of forest asset investment Skog (13.35).u/c
GECINA - Announces disposal of “Le Ponant” complex for €55.5m to Icade (138)u/c
COMMERZBANK - UBS forms strategic team to evaluate buying parts of biz (12).u/c
MINERS - Copper -1.11%, Iron ore -1.7% with BHP OZ -0.07% and RIO OZ -0.01%.-1%
ARYZTA - Org growth -2.6% v c-3.8%. North America org rev declined 7% (30.1)-3%
J.BAER - Boris Collardi resigning as CEO, leaving with immediate effect (58)-4%
CS
Aryzta +1-2% Q1 revs 909.7mln vs cons 906.5mln, outlook inline
Aviva +1-2% Sunday Times suggesting more than £1bn buyback
BMW -0.5% Sees R&D to sales ratio at 6.5-7% in 2018, did see 6%
Bucher -1% CFO has resigned, names Manuela Suter new CFO
Fiat +0.5% Press spec of sale of the group's Magneti Marelli
division
Julius Baer -2-3% CEO Resigns as Bernhard Hodler Takes Over as CEO
Miners UNCH Copper -0.90%, Brent +0.55%, Iron Ore -1.15%, China
-1.30%
Meyer Burger R Offers to Convert CHF100m 5.5% Convertible Due 2020
Nat Grid +1% CS UPGRADE to NEUTRAL (Valuation, been U/P for 3 years)
MainFirst Pre Mkt Indications
*BMW-To spend €1.5b more than planned in R&D says CFO-H/Blatt.........-0.5%
*BAER-Bernhard Hodler becomes CEO immediate effect,Collardi 2 Pictet..-4%
*ARYZTA-Q1 Rev 909.7m(906.5),OG -2.6%(-4.1),Sees Ebitda flat..........+0.5%
*CBK-UBS team examing options,lking at Private Banking/Digital........+1%
*SINGULUS-10% Cap increase €8.08m to take place in Q4.................-4%
*FIAT-Magneti Marelli may be valued at €4b-€6b in IPO - Sole..........+0.5%
*AIRBUS-Set to poach Rolls exec(Eric Schulz)2 hd jetliner sales.......U/C
*LINDE-Reached 90% threshold of tendered shs(squeeze out no dec)......-0.25%
*ROCHE-Diagnostics CEO sees investments in New Tech - SamW............+0.25%
*NOVARTIS-Ultibro Breezhaler improved lung function in study..........+0.25%
*AROUNDTOWN-9M FFO I €204m,9m Net Income €1.1b,Adj Ebitda €303m.......+0.5%
*STABILIUS-FY Rev 910m(911.8),NI 79.2m(93.1),Ebit 137.6m(136.9).......-2%
*DEL HERO-Q3 Rev 137.9m(130),FY Rev 530-540m(540),Margin 17%(17.1)....+0.5%
*AIR FRANCE-Dispute with SNPL Pilot Union at domestic subsid Hop......U/C