CS
Aberdeen -0.5% Negative FT article on money leaving emerging markets
Admiral +2% Numbers better, EPS 54p vs est 47p
Ashmore -0.5% Negative FT article on money leaving emerging markets
Carlsberg -5-7%(Probably) A big miss on EBIT and EPS. Guidance cut for FY15
Cembra +1-2% H1 bottom line 6% beat vs cons, FY guidance increased
Fagron +1% CEO talking positively on 2H
Flowtraders UNCH No's inline Expects Q2 revs to be modestly lower
Glencore +2% Net debt better, divi maintained, Capex guidance cut
Hikma +1% Numbers inline, positive Vitabiotics deal
Imperial Tob UNCH Remains ontrack to deliver FY targets
Lundbeck +5-10% Revenues 5% beat, announced a radical restructuring plan
Miners UNCH Copper +0.05%, Brent UNCH, Iron Ore UNCH, China -1.51%
Oils -0.5% DOE forecasting a much smaller draw than API showed
Raiffeisen +1-2% 2Q Net, pretax beat, keeps outlook unchanged
Roche M/P To Buy US privately held Kapa Biosystems
Sonova +0.5% Advanced Bionics gets FDA approval for Naida CI Q90, Q30
Syngenta M/P Announces planned divestment of Flowers seeds business
Swisscom M/P Q2 revs CHF2.87b est CHF2.89b, Proposes unchanged dividend
Tecan +2-3% Positive update from OCD, Tecan is a partner
CBK
Dax Future down 1,05 percent to 10802 points.
Annington 0,50% H1 Figs at upper end of range, FFO up 36%, Guid. confirmed
Sixt Leas. -1,80% Q2 Figures below our estimates
Manz 2,90% Follow up orders for automation unit, that amount to €10mn.
zooplus -2,20% Weak Margin, strong Cash Flow, Guid. Confirmed
Drillisch -0,20% Drillisch Rated New BUY at Jefferies, PT €51.
United Int.-0,80% United Internet Rated New BUY at Jefferies, PT €57
Freenet -1,00% Freenet Rated New 'Hold' at Jefferies, PT €31
Hann Rueck -2,00% Morgan Stanley cut to UNDERWEIGHT (EW)
MF
*CARLSBERG-Q2 Sales 18.9b(18.8),PT 2.43b(2.74),Cuts FY Org Op.....-7%
*SYNGENTA-Plans divestment of flowers seeds bizz(4.6% of 14 rev)..-0.5%
*SWISSCOM-Rev 2.87b(2.89),Ebitda 1.08b(1.08),Net 433m(411.4)......-0.25%
*RAIFFEISEN-NI 204m(133),NII 862m(823),LLP 332m(345),CET1 10.7%...+2%
*SONOVA-Wins FDA approval of 2 sound processors(Naida CI Q90/30)..+0.25%
*CEMBRA-Net 69.6m(66.6),Op Inc 190.3m(189),FY EPS 4.7-4.9(4.6-8)..+1%
*ANNINGTON-FFO 264.3m(255),Div 94c(93),guidance conservative......-0.25%
*SIXT-Rev 163.8m(160),EBT 6.4m(7.3),NI 4.4m(5.6),FY Confirmed.....-0.25%
*ZOOPLUS-Q2 sales reported 22/7,PT 3.6m(2.5),Net 2.1m,FY fine.....-0.5%
Handelsbanken:
GSF q2 weak numbers even after warning, cuts harvest outlook -3%
CARLB q2 numbers miss, lowers guidance, FY EBIT to decline -5%
LUN Q2 sales beat at 3.63bn v cons 3.46bn, mixed FY guidance revisions unchgd
ICA q2 solid numbers, no drama +1%
EKO q2 sales 9% weaker, EBIT misses by 19% -3%
ELUXB AHAM numbers out +6.3% in July, vs 3.8% in June +1%
Investec UK:
* AMEC FOSTER WHEELER Korean contract win small but +ve for sentiment.......unch
* ADMIRAL H1 combined ratio 82.7%, PTP £186.1m...............................+1%
* CIRCLE OIL +ve Tunisian permit update......................................+5%
* ENQUEST guidance maintained, cost cutting going well......................unch
* GEM DIAMONDS int results slightly ahead of mkt, no changes to #s expected.unch
* GLENCORE H1 net inc $881m Vs $711 est, been v weak into event..............+1%
* HIKMA H1 update - co keeps o'look for rev growth of 6% at constant fx......-1%
* IMP TOBACCO Q3 IMS slightly light, says on track to deliver FY 15 targets..-1%
* RICARDO small acquisition of Cascade Consulting...........................unch
* ROLLS ROYCE FT says Valueact may push for break up..................unch/+0.5%
Investec EU:
* CARLSBERG-Q2 organic net rev -3% vs est -0.1%,cuts f/cast, W Europe weak...-7%
* D ANNINGTON-Q2 solid,lfl rentals +2.7%, confirms increased FY f/cast.......+2%
* FLOW TRADERS-Q2 net trading inc -8% QoQ,value traded -17%,shs +5% y'day....-5%
* LUNDBECK-Q2 sml beat,big restructure and guidance cut by new CEO............??
* RAIFFEISEN-Q2 profit beat,CET1 rises to 10.7%,disposals process delayed....+2%
* SWISSCOM-Q2 rev in line, net beat, slightly raises FY ests on FX...........U/C
* SYNGENTA-plans seeds disposal. Not material($227m sales)...................U/C
RBC:
ADMIRAL +1% H1 revenues ahead, EPS strong, low growth rates & PBT only +1%
CARLSBERG -8% Don't do profit warnings, but if they did....
ELECTROLUX +1% Strong AHAM 6 data, +11.2% YoY (WHIRLPOOL +2.5%)
ENQUEST -1% H1 sales, EBITDA & FCF light but reiterates guidance.
GLENCORE +4% H1 EBITDA light, EPS beat, W.Cap unwind 3.2bln, Net Debt better
HEINEKEN -1% Weak on read through from Europe in CARLB numbers.
HOCHSCHILD 0% Q2 EPS 0.12 v 0.11 cons, EBITDA a touch light, reit FY guidance
IMP TOBACCO -2% 9m IMS weak, volumes -3% v -2% expected and net revs miss.
LUNDBECK +3% Q2 results strong, increased guidance and restructuring.
RAFFEISEN +2% Q2 CET1 @ 10.7% v 9.9%. NI a 4% beat on NII and F&C.
SWISSCOM +2% H1 sales and EBITDA inline and raised net rev guidance a tad