MF
*LVMH-Biver says '17 will be better for watchmakers,bottom reached.......+1% *SWATCH-Outlook positive for end-2016 and 2017 says CEO..................+1% *EON-Arms itself against potential hostile attack-Spiegel................+0.25%
*BMW-Raises Venture Capital Unit to €500m vs €100m(i Ventures)...........U/C *ENGIE-Expects to complete €15b divestment plan ahead of deadline........+1% *YOOX-Signs jv with Alabbar to sell Net-a-Porter in Mideast..............+1%
*ARYZTA-Q1 Rev 962.3m(974),FY17 finance rage 80-90m,o/l unch.............-2% *MAERSK-With Dong Energy hire advisers for Oil Unit Merger-S/Times.......+1% *SIEMENS-Wants younger managers,foregoing some margin 4 jobs.............U/C *NOVARTIS-Sandoz is looking for acq's but will not buy Amneal............U/C *ACTELION-FAZ says J&J could bid CHF250 a share,bidding war ?............+2% *DEUT POST-CEO sees 10% increase in holiday deliveries,8m a day..........+0.5% *LHA-More strikes Tues/Weds also talks over insolvency plan..............-1.5% *OSRAM-Siemens doesn't see its 17.5% stake as strategic anymore..........-0.5% *STABILUS-Rev 206.5m(204),Ebit 29.1m(28.3),Margin 14.1%(13.9),o/l lite...unch
CS
Aberdeen +2-3% Op Prof £328m cons £313m, AuM ahead, outflows lower
Aryzta -2% Sales €962.3m vs cons €973.4m, confirm FY guidance
Banco Pop -2% CS reiterate UNDERPERFORM (Over exposure to property)
Cap & Count UNCH On course to achieve its ERV target of £100 million
Engie +1% Plans to complete E15bn divestments ahead of schedule, CEO
Galenica +3-5% FDA removes warning for Veltassa (potassium removal drug)
Ladbrokes M/P Could bid for Tabcorp Holdings Ltd, Mail on Sunday
Miners -1% Copper +2.00%, Brent -1.20%, Iron Ore +1.80%, China +0.50%
RBS -1-2% May struggle to sell all of Williams & Glynn, S. Telegraph
Umicore M/P Completes sale of zinc units to U.S. private equity firm
ML
ICADE - CMD. Revise '16 guide upwards, expect EPS +7-8% v over +3% (65).....+3%
ABERDEEN - EPS 20.7 beat v cons 19.3p but mainly on one-off FX gains (294)+2-3%
CAPCO - Remain on track for £100m ERV at Covent Garden by end 2017 (270p)...+2%
ANTO - Sell Michilla mine to a local mining co for $52m & copper +2% (730)..+1%
TEF - In talks to sell a stake in its infrastructure biz; Economista (8)....+1%
ENGIE - Expects to complete E15bn divestment plan ahead of '18 deadline (12)+1%
WIRECARD - Small positive. Launch of open loop prepaid card in India (43)...+1%
BATS - BUY. Inflection points could support potential TSR of 100% (44.5)....+1%
NATIONAL GRID - UK ministers back off threats to break up the co (928p)...+0.5%
DONG - Hire advisors to start work on merger of oil ops with Maersk (243)...u/c
MINERS - Copper +2%, Iron Ore +1.4% with BHP OZ -2.6% and RIO OZ -1.1%......u/c
LVMH - Said to be in talks to buy cyclewear co Rapha: Mail on Sunday (169)..u/c
MAERSK - Hire advisors to start work on merger of oil ops with Dong (9230)..u/c
ENI - Agree to sell 10% stake in their Egypitan Gas block holding (12.77)...u/c
ITALIAN BANKS - Up to 8 banks risk failing if Renzi loses ref; FT reports.-0.5%
INGENICO - -ve.Verifone announces expansion of Worldpay partnership (72.8)-0.5% LADBROKES - Spec weighs up bid for Australian betting giant Tabcorp (124.5).-1%
LUFTHANSA - Woes continue. Pilots to strike again on Tues & Weds (12.48)....-1%