ML
* ASCENTIAL - Apex, Guardian Media selling 66m shares @ 260p; BAML;GS glocos...
DAILY MAIL - Reassuring. Revs £1.92b v £1.88b & Op profit 4% beat (781)...+2-3%
GLENCORE - No new divestments but $6.3b completed. To pay $1b in divs (285).+2%
TULLOW - We push BUY post OPEC, take PO to 370p from 320p.Oils well bid(303)+2%
BANCO POPULAR - Press reporting has approached BBVA for a merger (0.843)....+2%
MINERS - Copper unch, Iron Ore +6.3% with BHP OZ +4.9% and RIO OZ +1.6%...+1-2%
CONVATEC - Will join FTSE 100 on 16th Dec; c.50m shr to buy, >18x ADV (240).+1%
ACTELION - Traded bit better in the U.S. Post the European close (CHF 198)..+1%
GRAINGER - NNNAV 287p v BAML est 291p. LTV 36%. Adj profit up 69% (226.5)...+1%
SMURFITS - Will be joining FTSE 100 on 16th Dec; c.5m shrs to buy (1835)....+1%
NORSK HYDRO - CMD. On track with NOK 2.9b improvement ambition by '19 (40)..u/c
LINDE - Chairman Wolfgang Reitzle said to favour Praxair offer (157.2)......u/c
AIRBUS - Spec that United Continental may amend their A350 order (59.7).....-1%
ELEKTA - Weak print with 8% rev & 16% EBITA miss v lowered exp. SI 16% (70).-8%
BBVA - Press spec that Banco Popular has approached co for merger
CS
Banco Pop +2-3% Banco Popular Weighs Merger, Has Approached Bbva: Expansion
BBVA M/P Banco Popular Weighs Merger, Has Approached Bbva: Expansion
Bpost -1-2% Bpost SA Makes Final Eu5.75, Improved Proposal to PostNL
BP +2% CS UPGRADE to OUTPERFORM (Valuation)
Daily Mail +2-3% Revenues 2% ahead, EPS 6% ahead of consensus
Dixons +1-2% CS INITIATE with OUTPERFORM (Concerns overdone)
Elekta -5% Net sales 7.5% light, EBITA 13% light
Glencore +2% CMD - Sees 2016 marketing EBIT at upper end of $2.5B-$2.7B
Miners +1-2% Copper UNCH, Brent +5.10%, Iron Ore +5.00%, China +0.30%
Peugeot UNCH Total French car registrations climbed +8.5% y/y in Nov
PostNL +10-15% Bpost SA Makes Final Eu5.75, Improved Proposal to PostNL
Renault +2-3% Total French car registrations climbed +8.5% y/y in Nov
Serco M/P CMD - Comments all look inline
Sulzer M/P Purchase of Rotec's gas turbine service biz
Total UNCH CS DOWNGRADE to NEUTRAL (Limited upside)
Valeo -0.5% To withdraw and refile FTE purchase plan
MF
*BANCO POPULAR-Weighs merger,has approached BBVA - Expansion........+2%
*AIRBUS-Utd Airlines may amend $12.4b order to smaller jets.........-1%
*NESTLE-Develops method to reduce sugar in its chocolate............+0.5%
*BPOST-Raised its offer for PostNl(+10%) by €0.376 to €5.75.........+5%
*ELEKTA-Sales 2.43b(2.63),Ebita 391m(442.2),CF 114m,Savings 500m....-3%
*HYDRO-Sees Global Primary Aluminum demand growth abt 5% 2016.......+1%
*SYNGENTA-ChemChina to set up $5b Fund for Syngenta bid.............-1%
*KONTRON-Cost cutting program over 1.5yrs,higher DD mln range.......+0.5%
*GEBERIT-Sees gd bizz ahead,Q4 weaker,Germany stil ok,f/c valid.....+1%
*AIR FRANCE-CEO sees FY Ebit close to €1b vs Cons €954.2m - Echos...+1%