ML
**LONZA - RIGHTS BEGIN TRADING TODAY - ticker LONN1 SW
OCDO - Marks & Spencer, Ocado Said Eyeing Delivery Tie-Up (261).............+4%
ABERDEEN - Underlying EPS of 11.5p vs. BAML of 10.8p & cons of 10.7p (287)..+3%
TAKEAWAY - Q1 order growth of +47% (vs. +35% FY17e, BAMLe) (31.8)...........+3%
OPHR - signed Umbrella Agreement w the Govt of Equatorial Guinea......(88.5)+3%
DSM - 1Q sales of €2159mn, +7% vs. BofAML and +6% vs. consensus (66.98).....+2%
CAPITA - is close to selling it's Asset Services division for £700m (655)...+2%
BP - 1Q17 $1.5bn net income beats consensus and BofAML at $1.27bn (446.92)..+1%
ACTELION - will be removed from SMI on close (265.60)......................unch
IWG - Q1 trading statement all look in line with expectations (325)........unch
SMITHS GROUP - selling Interconnect’s Microwave Telecoms business for £85m.unch
BOVIS - trading in line, confident on full year plan (910)..................-1%
GALP - EBIT of €220m missed consensus by 3% (14.13).........................-1%
Just Eat - UK order growth of 17%, vs. BofAMLe at 20% (555).................-4%
CS
Autogrill -1% CS DOWNGRADE to UNDERPERFORM (Positives factored in)
AstraZeneca M/P FDA granted accelerated approval to AstraZeneca’s Imfinzi
BP +2-3% Adj net $1.5bn v street $1.2bn, very strong cash flow
Capita +2% May Raise GBP700M From Asset Services Unit Sale, S. Times
Cerved M/P Revenues 2.4% ahead, Adjusted EBITDA 1.1% ahead
DSM +1% EBITDA 3% ahead, beat came from performance materials
DSV +1-2% EBIT ahead, guidance raised
Dufry -2-3% Topline in line but EBITDA and cash flow weak
Fugro M/P Q1 revs €376.7 vs cons €352m, outlook FY17 unchanged
Galp -1% Q1 ebitda €419m vs cons €426.8m, net light
Geberit -1% Q1 revs 1% light, organic growth slightly light
Grandvision +1% Q1 sales inline, LFL 4.1% ahead of cons 3.3%
Inwit M/P Q1 Revs and EBITDA inline with consensus
IWG -1-2% Group revenues 2% light, Sales activity has improved
Jimmy Choo +2% Telegraph reports Coach considering takeover of Jimmy Choo
Just Eat -2% Q1 trading slightly light, reiterates guidance
Luxottica -1-2% Q1 net sales inline, reiterates FY guidance
Miners +1% Copper -1.15%, Brent -0.80%, Iron Ore +4.00%, China -0.40%
Oerlikon +2% Q1 Order intake 8% ahead, guidance raised
Peugeot -0.5% French new car sales fell -6% in April, Peugeot Group -5.3%
Renault -1% French new car sales fell -6% in April, Renault -8.3%
Smiths +0.5% Completed the sale of microwave telecom biz for EV of £85m
MF
*DSM-Sales 2.16b(2.05),Ebitda 345m(329.6),Outlook maintained.......+1%
*GEBERIT-Sales 737.1m(741),Adj Ebitda 218.9m(219.3),NI 153.4m......-1%
*DUFRY-Sales 1.71b(1.71),Ebitda 154.7m(160),Ebit -22.5m(-17.5).....-2%
*OERLIKON-Sales 608m(595.8),Ebit 39m(39),Ebitda 86m(80.43).........+2%
*METRO-Has no plan "B" if plan to split fails says CEO - FT........-0.5%
*MONTE PASCHI-Italy may have to put more than €6.6b into Paschi....-1%
*OCADO-M&S/OCADO-Consider delivery tie-up says the Telegraph.......+4%
*ASTRA-Durvalumab Wins FDA accelerated approval,6 weeks early......U/C
*DSV-Rev 18.2b(17.3),OP 1.13b(915.9),FY OP 4.3-4.6b(4.2-4.5b)......+1%
*AURELIUS-Rev 1.15b,Ebitda 293.2m,Op Ebitda 41.3m,50m b/back.......+2%
*T/TAILOR-Sales 218.9m(216.7),GM 53.1%(52),Ebitda 8.7m(8.7)........+0.5%
*P/VAC-Sales 136.9m(133),Ebit 21.4m(23.1),NI 14.8m(15.8),o/l +ve...+1%
*LUXOTTICA-Sales 2.38b(2.38),Comp Sales -3.5%,Confirms FY..........-1%
*ZALANDO-Read across from Just Eat,stk being called -2% pre-mkt....-0.5%