MainFirst Pre Mkt Indications
*CS-Said to consider Dublin expansion as Brexit nears...............+0.5%
*RBS-Said to unveil $4bln provision to cover DOJ claims - Press.....+1%
*STM-Rev 1.86b(1.85),GM 37.5%(37.2),NI 112m(110.4),O.Inc 153m(152)..+2%
*NORDEA-NII 1.21b(1.2),Fee Inc 867m(836.4),CET1 18.4%(18)...........+1%
*TELE2-Ebitda 1.46b(1.27),Sales 8.22b(7.88),FY Div 5.23(5.35).......+3%
*SOFTWARE-Q4 Rev 263.9m(265.5),Margin 28.5%,Confident on FY.........-4%
*ACTELION-To get $280 per share from J&J,Spin out R&D Co............+20%
*SUNRISE-Confirms preliminary stages of Telco Towers sale...........+1.5%
*ERICSSON-Net Sales 65.2b(59.2),OP 4.4b(3.35),GM 29.4%(29.4)........+2%
*FREENET-Owns 24.5% of Sunrise,spinning off Towers..................+0.25%
*ZOOPLUS-Pre-released FY Rev 908m(916),Guides 1.125b+(1.14).........+3%
*UNILEVER-Q4 S/Grth 2.2%(2.6),FY Rev 52.7b(52.8),EPS 1.88(1.86).....-2%
*TOD'S-FY Sales 1b(1.01),Retail Same-Store -12.2%(-12),SI 25.3%.....-2%
*SWATCH/CFR-Swiss Watch Exports -9.9% in 2016 & -4.6% in Dec........+0.5%
CS:
Actelion R Johnson & Johnson to buy Actelion for CHF280.08/Share
Admiral -1% CS INITIATE with UNDERPERFORM (Least preferred)
Ashtead +3-4% US peer UNITED RENTALS +9% after hours, EPS ahead
Card Factory +2-3% Good xmas trading period, confident on FY
Daily Mail -5% Organic growth in Q1 was weaker, CS is corp broker
Diageo +1% 1H organic net sales growth beats estimates
Dufry +1% Dufry/Dfass JV wins new concession in Colombia
Ericsson UNCH Q4 Sales SK 65.2bln est SK 59.2bln, gross margin inline
Esure +1% CS INITIATE with OUTPERFORM (self help, top line growth)
Great Port UNCH Leasing activity slightly above ERV, cautious on London
IMI +1% CS UPGRADE to OUTPERFORM (Margin recovery)
KPN +1-2% Positive read from Tele2 stronger numbers
Meyer Burger +3% Awarded orders of about CHf18m
Miners +0.5% Copper +0.25%, Brent +0.15%, Iron Ore +1.95%, China +0.40%
Nordea +2% Underlying net profit beat c.8%,k NII 1% beat
Paypoint +1% Parcels and card payments all better
Rank M/P 1h revs 378.6mln cons 379mln, see's FY results inline
RBS +1-2% Will take further GBP3.1b provision for RMBS investigations
Renishaw UNCH H1 revs inline, operating profit inline
Richemont M/P Watch Exports Fall 4.6%; 18th Monthly Decline
Rotork M/P CS DOWNGRADE to NEUTRAL (Valuation)
RSA +1% CS INITIATE with OUTPERFORM (self help, top line growth)
Sage M/P Confirms guidance. Sees FY at least 6% organic growth
Sky M/P 1H revenue rises to GBP6.41b vs. GBP6.04b y/y
Software -1% Q4 revs €263.9m is inline, EBIT €90m is slightly light
STM +2-3% Q4 Rev $1.86 bln est $1.85 bln, sees momentum continuing
Sunrise +1% Confirms preliminary stages of telco towers sale
Swatch M/P Watch Exports Fall 4.6%; 18th Monthly Decline
TDC +1-2% Positive read from Tele2 stronger numbers
Teliasonera +1-2% Positive read from Tele2 stronger numbers
Tele2 +5% Revs 5% ahead of cons, EBITDA 15% ahead
Unilever -2% 4Q sales up 2.2% vs est 2.6%, EPS EU1.88 vs EU1.86
Whitbread M/P Q3 lfls Costa +4.3%, CS est +2%
Zooplus M/P 2016 sales slightly light, 2017 sales €1.13bn is inline