ML
SKY - Comcast is said to mull bid for Fox Assets, countering Disney; bbg...RSTR
CYBG / VM - VM/ holders would get 1.13 CYBG shares/ Virgin Money share.....RSTR
SHIRE - Takeda offers £49.01/share Shire share. To maintain div policy(4049)+5%
HISCOX - GWP cFX grew 20.3%; we have 11% for FY18 so this seems above (1538)+2%
EON - NI beat €727m v €681m cons, EBIT also +5.7% ahead. Guide reit'd(9.7)+1-2%
BEIERSDORF - Better than exp LFL sales growth +6.5% v cons at +5.3% (95.9)+1-2%
ENDESA - 1Q EBITDA EU880m v est of 849.8m, NI was also ahead of est(19.9).+1-2%
LEG - Outlook is confirmed and payout ratio increased to 70% of FFO1 (97.7).+1%
ADECCO - Mixed with EBITDA 6% light and org org growth 1% ahead of est (68).+1%
EVONIK - Sales slightly below exp with EBITDA 3% ahead of estimates (30.5)+0.5%
PSP SWISS - Rental income growing, offset for FY by lower condo sales (94)+0.5%
AXEL SPRINGER - Rev 2% ahead, reflecting +4.7% org growth, EBITDA inline(69)u/c
DSM - Q1 inline with +ve pre-release last month. Guidance maintained (86.4).u/c
SCHAEFFLER - EBIT inline and group sales -0.8% below consensus est (228.2)..u/c
ITALGAS - Net income inline with bbg cons and co reiterates guidance (5.3)..u/c
W.HILL - Net revenue growth of 3% reflecting strong gross win margins (279).u/c
SYMRISE - MArgin missed but was well flagged, EBITDA 2% light v cons (67).-0.5%
FORTUM - -ve; Datteln IV plant delayed from early 2019 to summer 2020 (19.3)-1%
LAFARGE - Profits at low end of cons, FY guidance remains unchanged (55.8)..-1%
UNIPER - Miss with EBITDA -5.4% v cons est on gas optimisation timing (26.4)-2%
POSTNL - U/l cash op income of E29m. Adj mail vols declined by c.9.6% (3.1).-3%
D.POST - EBIT of EUR905mn v EUR961m cons. Capital Markets Day at 9am (36).-3-4%
FIRSTGROUP - Apollo has withdrawn interest in bidding for FirstGroup (99.9)-10%
RBC
ADECCO -3% Q1 revenues inline, EBITDA 6% light, SG&A higher than expected
AIR FRANCE -2% Stock was down 9% yesterday, more downgrades today.
AXEL SPRINGER -1% Q1 revenues 3% miss, EPS a touch below, forecast confirmed
BEIERSDORF +1% Q1 sales ahead, Organic growth 6.5% and guidance confirmed.
CLYDESDALE -2% Confirms they have approached VIRGIN MONEY over possible offer
DT POST -4% Q1 EBIT a near 8% miss due to mail cost inflation.
DUFRY +1% Q1 EBITDA ahead and organic revenue growth a touch better
ENDESA +2% Q1 results a 4% beat on EBITDA and Net income lines
EON +1% Q1 profit ahead and confirming FY outlook
FERRAGAMO +2% Inline retail LFL earnings, Wholesale ahead, GM worse
FIRST GROUP -10% Berg reports APPOLLO doesn't intend to make an offer.
HISCOX -2% Q1 statement shows strong top line but weak invesment result
HOCHTIEF 0% Q1 sales ahead, operating profit beat but new orders light.
KALI & SALZ +2% NUTRIEN boost FY earnings yest.cited low potash inventories
LAFARGE +1% Q1 sales ahead, CEO positive on pipeline
LEROY SEAFOOD +8% Q1 EBIT beat and Net Income ahead, stock has been weak into it
MUNICH RE +1% Q1 operating profit ahead, renewals ahead, combine ratio lower
POST NL -3% Q1 revenues inline but big operational miss in parcels
SCHAEFFLER +1% Q1 Revenues inline and confirming 2018 outlook
SCOUT24 0% FY revenue growth inline along with operating EBITDA. Call @ 1
SHIRE +8% TAKEDA agrees to buy SHIRE for £46bln, £30.33 cash + 0.839shr
SWISS LIFE +2% Q1 inflows ahead and fee income a 9% beat.
SYMRISE +2% Q1 sales inline, EBITDA down a tad, +'ve FRUTAROM read though
UNIPER -3% Q1 adjusted EBIT miss, delays at DATTELN lead to impairment.
VIRGIN MONEY +12% Confirms CYBG approach, 1.13 shares per VM share
ZALANDO -2% Q1 revenues inline and guidance confirmed but EBIT miss.
Shore
WILLIAM HILL - net rev +3%,online +12%,win margin increases,sees FY inline...+1%
VIRGIN MONEY - CYBG makes prelim. approach with all-share deal worth c.£1.6b+10%
COSTAIN - Agm statement,trading in line,remains confident in the future.....UNCH
HISCOX - Q1 written premium 1.16b.Premiums grew by20.3% in constant FX......UNCH
PARAGON - Confirms in early stages of considering an acquisition of Titlestone1%
SHIRE - Takeda agrees to buy Shire for about 46b in cash,share deal..........MKT
SUPERMARKETS - Amazon eyed move for Waitrose late last year (S.Times)........+1%
4IMPRINT - trading above boards expectations,revs higher than mkt cons.......+5%
CS
Adecco -2-3% 1Q revs EU5.69B est EU5.73B
Antofagasta M/P Reports pipeline blockage at Los Pelambres plant
Axel Spring M/P Q1 revenues Eu773.5m cons 797m
Beiersdorf +1% 1Q sales EU1.81B est EU1.79B, forecasts confirmed
CYBG -2% CYBG makes preliminary approach for Virgin Money
Deut Post -2-3% EBIT 905mln vs cons 961mln, capex higher, FCF lower
DSM M/P 1Q results in line with preliminary figures given
Dufry +2-3% Q1 Sales inline, organic growth 6% ahead, share buyback
Endesa +2% EBITDA a 3.5% beat and Net a 4% beat
Eon +1% EBITDA inline, Adj EBITDA 6% ahead, reiterate guidance
Evonik +1-2% Numbers ahead, guidance confirmed
Ferragamo +2-3% Sales 1% beat, EBITDA 5% beat, guidance cautious
Firstgroup R Apollo doesn't intend to make an offer to buy Firstgroup
Genmab M/P Receives FDA approval of DARZALEX
Hiscox M/P Gross written premiums grew by 20.3%
Instone +1% Revenues inline with previous guidance, guidance inline
Italgas M/P Q1 EBITDA and Net both inline
Lafarge -3% 1Q sales 5.83b cons 5.679b, confirms targets for 2018
Leg Immo +1% Q1 EPRA NAV x goodwill +0.6% QoQ
Lundbeck +5% Revs 6% beat, guidance confirmed
Munich Re M/P Q1 net profit inline, re-confirmed FY18 profit guidance
Miners +0.5% Copper -0.40%, Brent -0.85%, Iron Ore +0.40%, China +1.20%
PostNL -1-2% Q1 revenues 2% light, outlook for 2018 reconfirmed
PSP Prop +2% Q1 EBITDA before revaluation 8% ahead, guidance ahead
Royal Dutch +1% Sells 97,560,975 shares in Canadian Natural
Schaeffler +1-2% No's inline, confirms outlook, FCF better
Scout24 -2-3% Q1 revs and margins light
Shire +10-15% Takeda agrees to buy Shire for about £46b
Symrise -1% EBITDA 156m cons 159m, 7.5% organic growth cons 6%
Unicredit -1-2% Caius Capital says UniCredit misclassified some capital: FT