ML
TULLOW - 6 monthly RBL redetermination complete, remains unch at $3.7bn...+5%
ALTICE - Confirms mid term guidance, €1.8bn cap raise via JPM expected..+2/3%
BT - Ed Vaizey comments no NOT support Openreach breakup - FT.............+2%
NOVARTIS - +ve P3 data on Secukinumab confirms significant efficacy in PA.+2%
REPSOL - Disposes of part of piped gas business to Redexis for €651m....+1/2%
ASTRAS - Says Psoriasis Patients Benefited from Brodalumab..............+1/2%
SPIRE HEALTHCARE - Pushing the BUY case here again, PO £4.15..............+1%
LUNDIN/CAIRN ENERGY - read from Tullow, these 2 also use RBL financing....+1%
ACCOR/IHG - US RevPar for w/e 26/9 +7.2% (Occupancy +2.3% and ADR +4.9%)..+1%
VESTAS - 93MW in Finland & 150MW in US, announced orders now 5.9GW YTD....+1%
GLENCORE - Reuters says CHS may be interested in GLEN Canada AG assets....+1%
LONDONMETRIC - Sells 2 retail parks for £43.4m to UK insto investors......+1%
AUTOLIV - CMD in Sweden today & tomorrow,no change to guidance expected.+0.5%
UK WATERS - Moody's maintains its stable outlook for next 12-18 months....U/C
ITE - LFL Revs -14%. Still experiencing FX -ve impact.Keeps guidance......U/C
TECHNIP - Industri Energi (IE) threatens to boycott Technip vessels.......U/C
ATRIUM - legal action in Netherlands, mgmt believe fully provided for...-1/2%
RBC
ACCOR +2% Smiths Revpar data +10.5% for Europe, +7.2% for US
ALTICE -7% Launches 10% capital raise, €1.8bln via ABB at JPM.
BAYER -2% COVESTRO cut capital increase proceeds target, lower IPO range
COLRUYT +1% FY net income ahead of previous expectations but outlook cautious
FIAT +2% US line +8% on the back of positive FERRARI IPO comments, 10x over
ING +2% Sold 40m shares of NN GROUP
K&S +10% FAZ reports K&S board members offered role in management committee
NN GROUP -2% ING sells 40m shares @ €25/shr.
SCOUT24 - First day of trading (G24 GY), priced at €30/share
MainFirst
*K&S-Potash offers K&S board jobs,more money in t/o talks..........+8%
*COLRUYT-Sees FY Net at least €362m(358),Rev Grth €8.92b(9.22).....+1%
*ING-Reduces atake in NN Group sells 40m shs at €25, raises €1b....+1%
*AIR FRANCE-Plans to cut 200 pilot jobs,savings plan from Monday...+0.5%
*BASF-Completes sale of custom synthesis biss to Siegfried.........+1%
*REPSOL-To sell part of piped gas bizz to Gas Nat/Redexis-651.5m...+0.5%
*NESTLE-To sell premium Callier Chocolates globally via Amazon.....+0.75%
*BPOST-To raise domestic mail prices by average 1.5% in 2016.......+1%
*BAYER-Cuts Covestro price range to €21.5-€24.5 vs €26.5-€35.5.....-0.5%
Investec
* AIR FRANCE-talks with pilots fail, plans job and route cuts...............-1%
* BAYER-lowers Covestro ipo price range to €21.50-€24.50 (€26.50-€35.50)..-1.5%
* COLRUYT-agm, rev guidance in line, net guidance €362m vs est €358m........+1%
* BPOST-raises stamp prices by 1.5%, same as last yr, no big surprise.......+1%
* K&S-Potash offers board members jobs & more pay(FAZ)......................+2%
* NESTLE-to expand sales of premium brand Callier via Amazon................+1%
* POSTNL-cmmnts on regulator decisions, cld cost €30-€50m pa from 2016......-1%
* REPSOL-sells part of piped gas unit for €651m, past €1bn disposals mark...+2%
* AVON RUBBER-Rob Rennie(Schneider) new CEO(1st Dec)........................unch
* BRITVIC-Completes EBBA acquisition........................................unch
* BT Ed Vaizey is sceptical about splitting BT from Openreach - FT...........+2%
* CHIME COMMS offer update - gets all antitrust clearances..................unch
* CRANSWICK +ve H1 - trading slightly ahead of fcsts.........................+2%
* CVS GRP-Earnings enhancing aqc's of Alnorthumbria (£7.7m)..................+1%
* GLENCORE CHS may be interested in Glencore assets, sector better...........+2%
* ITE-PreClose.FY on track. No chg to FY15, d/g FY16&17 (FX & OIL)...........-2%
* JOHNSON MATTHEY completes sale of Chems business for £256m cash............+1%
* NETSCIENTIFIC-H1. In line.Proposed placing(@ 120p) to raise £18m...........-3%
* TULLOW RBL redetermination, gets continued support from banks..............+2%