ML
IPF - Grp Q1 growth of 5% with Mexico +20% and Europe -7% (165).............+3%
BNP - 14% headline beat on lower provisions. Revs 3-4% beat (67.09).........+2%
LUNDIN 10% EBITDA beat vs cons , 2017 volume guidance up 7 (172.2)..........+2%
DIRECT LINE - Q1 premiums on Motor own brands to be +11.2% in Q1 (362)......+2%
Paddy Power - Q1 revs +23% at £416m. EBITDA at £111m vs £59m (8925).........+2%
OSB - good mid teens net loan book growth and margins v strong in Q1 (448)..+1%
LAFARGE - Q1 results solid, FY guidance confirmed (58)......................+1%
HUGO BOSS- Q1 17. Sales EUR651mn +1.5% vs. cons of 641.4mn (69.23).......unch
IMPERIAL BRANDS - Organic volume growth: -5.7% (BofA est -5.2%) (3763).....unch
INTU - £6m of rent agreed 5% above previous passing rent (278.8)..........unch
Sage – H1 results; 5.7% organic growth in H1 (Street 5.6%) (683.5).........unch
SWISSCOM - Q1 net revs CHF2.83b vs CHF2.89b (434)..........................-.5%
THALES -4% ahead driven by an org growth beat; +11% org growth in Q1 (96.5).-1%
ITV - Crozier CEO will leave the business on June 30 (209.5)................-1%
HALFORDS - CEO Jill Mcdonald has gone to M&S (366)..........................-2%
CENTAMIN - 1 EBITDA miss. $53mn -8% vs. BofAML, 14% of full year (168)......-3%
NOKIAN TYRES - Q1 miss, sales guide raised but higher raw mat costs (38.08).-5%
GFRD - warning on reappraisal of legacy contracts in construction (1390)....-5%
CS
BNP Paribas +1-2% Q1 net of €1894m cons €1447m, CET1 slightly light
BMW -1% BMW US auto sales -12.2%, released after hours
Centamin -2-3% Q1 profits light, EBITDA 7% light, guidance maintained
Daimler -1% Daimler US auto sales -8.7%, released after hours
Direct Line -0.5% Gross written premiums +4.2%, Motor premiums +6.6%
Fres Med +1% Q1 Net rev EU 4.55bln est EU 4.40bln, confirms forecast
Fresenius R 1Q sales EU8.4b, 1Q Ebit EU1.22b
Halfords -5%+ CEO is stepping down, FY results expected to be inline
Hugo Boss -1-2% EBITDA small beat, but LFL sales soft, down -3% vs exp -1-2
IMB -1% H1 Net GBP 3.72b est GBP 3.73b, op profit ahead
Intu M/P Trading update inline, confirms FY targets
ITV -2-3% CEO Adam Crozier to stand down
JD Wether +2-3% Q3 lfl +4.0%, guidance slightly ahead
Lafargeholcim +1% 1Q operating ebitda 801m vs cons 787m, guidance confirmed
Lundin Pet +3% Q1 Revenue 4% ahead, EBITDA 6% ahead
Lundbeck -1% CS DOWNGRADE to NEUTRAL (US pricing pressures)
Miners -1% Copper -0.70%, Brent -0.6 0%, Iron Ore -2.00%, China -0.40%
MorphoSys M/P Q1 revs €11.8m vs cons €11.8m, FY guidance confirmed
Nexans M/P Revs €1.57bn vs cons €1.59bn, guidance inline
Nokian Tyre -1% 5% rev beat, 4% op profit miss, guidance raised
Novo Nordisk +2-3% Q1 EBIT DKK 13.5b est DKK 12.0b, narrows FY forecast ranges
Oils UNCH US API showed a draw of -4.2m vs +900k build prior
Onesavings +1% Loan book growth of 5% in Q1, margins strong
Orpea -1% Organic growth ahead, guidance reiterated, downgraded away
Paddy Power M/P Delivered £50m of ebitda improvement in Q1
Pennon -1-2% Greater Manchester wants out of waste management contract
Qiagen M/P Q1 Net Sales inline, 1Q adjusted EPS 5% light
Ryanair +1% Load factor 96% from 93%, passenger traffic +14%
Sage Group M/P Numbers inline with market expectations
Sainsbury UNCH FY underlying profit meets estimates, Argos helps
Solvay R Q1 2017 EBITDA (underlying) of €616mn
Swisscom +1-2% Q1 net rev light, EBIT better, outlook inline
Valiant -2% Q1 revs 3% light, outlook inline
Thales -1% Orders 8% light of cons, sales 4% ahead
MF
*DBK-HNA has increased stake to almost 10% - 13D Filing...............+0.5%
*BNP-Net 1.89b(1.5),CET1 11.6%,FICC 1.174b,Retail -11%................+2%
*THALES-Sales 3.06b(3.03),Orders 2.28b,FY Ebit 1.48-1.5b(1.5).........U/C
*FRES MED-Net Rev 4.55b(4.4),Op Inc 651m(641),Confirms f/casts........+0.5%
*FRESENIUS-Sales 8.4b(8.16),Ebit 1.22b(1.16),NI 457m(426),o/l ok......+1.5%
*LAFARGE-Adj Op Ebitda 801m(787),Sales 5.63b(5.52),1bln b/back........+1%
*OSRAM-Sees '20 Rev 5-5.5b(5.25),Ebitda 900m-1b(823),Q1 yest..........U/C
*NOKIAN-Sales 325.9m(309),OP 58.9m(61.3),FY Sales to grow 10%.........-4%
*SOLVAY-Rev 2.97b(2.84),Ebitda 616m(586),FY FCF at 800m...............+2%
*SWISSCOM-Rev 2.83b(2.87),Ebit 550m(516),Ebitda 1.07b(1.05)...........+1%
*NOVO NORDISK-Ebit 13.5b(12),Sales 28.5b(27.9),Tresiba lite...........+2%
*BOSS-Sales 651m(641.1),Ebitda 97.4m (96.7),GM 64.4%(65.1),SI 7.78%...+0.5%
*NEXANS-Sales 1.57b(1.13),Upbeat on H2 & FY Op Margin,project upturn..+0.5%
*LUNDIN-Rev 421.5m(403.8),Ebitda 355.8m(336.3),Increased prod guide...+2%
*DIALOG SEMI-Read across from Apple after hrs,iPhone sales weaker.....-1.2%
*RYANAIR-Load Factor 96%,April Passengers 11.3m.......................+1%
*GRENKE-OP 37.3m(37.2),NI 28.8m(28.2),FY NI 113-123m(118.2)...........-0.5%
*JUNGHEINRICH-Order intake 869m(852),Rev 791m(760),Ebit 56.4m(55).....-0.5%
*AUTOLIV-DI says compnay is a takeover target(CEO leaves yr end).,....+2%
*MORPHOSYS-Rev 11.8m(12),OP -14.9M(-15),NI -15m(-15),o/lk mixed.......U/C
*QIAGEN-Net Sales 307.7m(307.4),EPS 22c(21),guidance confirmed........+0.5%
CARNEGIE Pre-Mkt Indications:
* LUNDIN PET: +7%
* RECV SILICON: +5%
* NOVO NORDISK: +3%
* AUTOLIV: +2%
* ELTEL: -25%
* BORREGAARD: -5%
* NOKIAN TYRES: -5%