ML
* SCANDINAVIAN TOBACCO - $158m, DB, Nordea – Swedish Match the seller..........
* PRYSMIAN - $103-106m, 2.3% discount to market, MS, seller is Clubtre.........
SAFRAN - Safran bids EU 29.47 per share agreed bid for Zodiac Aerospace.ML RSTR
MONEYSUPERMARKET - Revs 3% ahead and op profit looks like a 7.5% beat (315).+4%
REMY - Strong. Org sales growth for 9M17 +6% v +4.2% cons on good Q3 (85).+3-4%
BLND - Strong letting progress, 314 sq ft of retail lets 8.7% ahead (628).+1-2%
CARREFOUR - Slightly better except for France with LfL -1.2% v -1% Q3 (23)+1-2%
PERNOD - Remy strong perf led by China is positive read for Pernod (108)..+1-2%
GLAXO - Major positive. Have hired Luke Miels from AZN (prev at Roche)(1576)+1%
WORKSPACE - Robust. Rents & occupancy remain strong, lettings better (780)..+1%
A.DELHAIZE - Beat. Q4 sales +2.8% cFX v BAML +1.7% cons. Outlook unch (19.7)+1%
NESTLE - Said to consider takeover of Mead Johnson (+5%): StreetInsider (74)+1%
CHEMRING - Op profit for 2016 £48.5m (cons. £47m). Net debt reduced (170)...+1%
BWNG - Q3 grp revs +4.1%online revs +12%. Benefit from trading agility (205)+1%
ASCL - Sale of Helath Service Journal for £19m. Small senti positive (296)..+1%
MINERS - Copper +0.16%,Iron Ore fut +0.8% with BHP OZ +0.64%, RIO OZ +0.62%.u/c
BILLITON - Vale, BNP in prelim agreement on Samarco With Prosecutors (1441).-1%
ASTRAZENECA - Negative. GSK have hired Luke Miels from Astras (4534.7)......-1%
PETS - LfL growth of 0.1% compared to cons of 1.3% v BAML est 0.8% (234)..-1-2%
ACACIA - Q4 prodn inline. 830koz +13% YoY & costs are $958/oz –14% YoY (423)-2%
ROYAL MAIL - Disappointing update due to weak UK letter vols in Q3 (432p)...-4%
CS CALLS >>>
Acacia +1% FY16 and FY17 guidance small ahead
Ahold +1-2% Q4 sales strong, Netherlands good
Anglos +1% Shortlists bidders for some South African coal mines
Biomereux +2-3% Sales in line, organic growth and profit guidance good
Brit Land +1% Trading update positive - ERV 8.7% ahead
Carrefour +1-2% France sales €10.761b, cons €10.68b
Cobham +2% Positive read from Safran bid for Zodiac
Dassault Avi +2% Positive read from Safran bid for Zodiac
Galenica UNCH Sales in line, confirms details of IPO of Galenica Santé
Halfords +2-3% Q3 LFLs strong, guidance inline, special dividend
LVMH +0.5% Positive read from Remy numbers
Meggitt +2% Positive read from Safran bid for Zodiac
Miners UNCH Copper +0.40%, Brent -1.25%, Iron Ore +0.30%, China UNCH
Moneysuper +1% Expects to deliver strong full year results
MTU Aero +2% Positive read from Safran bid for Zodiac
N Brown +2-3% Sees strongest ever trading weeks over cyber fortnight
Pernod +2-3% Positive read from Remy numbers
Remy +3-5% Organic growth +9% vs cons 4.2%
Royal Mail -1-2% Letter volumes -5%, marketing mail -6%
Safran -2-3% Has launched a €10b bid for ZODIAC
Severn Trent +1% CS UPGRADE to NEUTRAL (beneficiary of higher inflation)
UCB +1% Cimzia Final Phase 3 in Psoriasis Meets Primary Endpoint
United Utils +1% CS UPGRADE to OUTPERFORM (Risk reward compelling)
Workspace -1% lfl rent per sq foot +3.1%, guidance/commentary all fine
Zodiac +23% Safran has launched a €10b bid for ZODIAC
MF
*SAFRAN-Bids €29.47 shs for Zodiac(24.6% prem),with cash & loan.....-2%
*AHOLD-Q4 Net Sales €15.5b(15.5),Ex Fuel -0.2%,Reits f/casts........+2%
*CS-To take $2b charge in Q4 as settles with DOJ,stk -2.5% yest.....+1%
*NESTLE-Loooking at possible t/o on Mead Johnson(no cmnt Nestle)....+0.25%
*PRYSMIAN-ABB of 4m shs,priced at €24.4,stock from Club Tre.........-1%
*LANXESS-Sees further consolidationin European Chemicals - FAZ......-1%
*ADECCO-Pleased with Penna acq's,doesn't see more M&A s/term........+0.3%
*CARREFOUR-Sales 23.4b(23.26),France 10.76b(10.68),Spain +4.1%(3)...U/C
*DBK-CEO doesn't rule out Cap Hike and will cut 20% of IB staff.....+1.5%
*REMY-Org Sales Grth 21.3%(8.8),Sales 323.3m(307.5),FY confirmed....+3%
*TIT-Three year plan to include,bew efficiencies - Repubblica.......+1%
*SANDVIK-Divestment of Mining Systems delayed,buyer pulled out......-2%