CS
Autos -1% US started investigation on car imports
Aryzta -10% Q3 results weak, EBITDA expected 9-12% below targets
Bawag UNCH Net profit 2% light vs CS, CET1 14% vs 13.7% CSe
Cap & Count +10% Considering split into two companies. REIT + Homebuilder
Cosmo M/P CS DOWNGRADE to UNDERPERFORM (CRL overhang)
Daily Mail R 1H adj rev GBP746M, adj pretax GBP103M
Deut Tel -1% CMD - Capex higher, dividend mixed
Deut Bank +0.5% AGM comments, reduce headcount, more from CEO at 9.30
Electrocomp +1% No's inline, good start to the year
Inchcape M/P Emerging/Australasia offsetting UK/Europe, outlook unch
Intertek +1% Organic growth 4% vs CSe on 3.2%, guidance unchanged.
Kingfisher -2-3% Q1 LFL -4% vs CS est -2.9%, challenging start to year
Miners +0.5% Copper -0.15%, Brent +0.65%, Iron Ore +0.20%, China -0.10%
QinetiQ +1-2% FY revs 833m vs cons 820.6m, Op Profit 122.5m cons 112m
Smurfit Kap R FT report 3 top holders demand SKG enter talks with IP
Spire M/P Revenues to the end of April are in-line with expectations
TalkTalk +5%+ Q4 Revs 3.5% light, looking to sell B2B business
Tate & Lyle M/P Pre-tax profit meets estimates, guidance underwhelming
United Utils +1% FY revs GBP1.74B est GBP1.74B, pretax slightly ahead
Vontobel M/P Buying Notenstein La Roche from Raiffeisen
Ypsomed -10% FY results inline, guidance light
ML
S.KAPPA - 3 top s/h's demand that SKG ends refusal to engage with IP (35).+2-3%
CAPITAL & COUNTIES - Is considering splitting into two listed companies(301)+2%
GO AHEAD - Reads well. Sees FY results slightly ahead of expectations (1887)+2%
QINETIQ - Revs of £833mn, +3% organic YoY, with op profit of £122.5m (250)..+2%
UNICREDIT - Could o/perform on Turkey rates being raised overnight by 4%(16)+2%
BBVA - Could outperform on Turkey rates being raised overnight by 4% (6.5)..+1%
UNITED UTILS - 1% beat, achieving operating outperformance 1st time (807).+0.5%
ERICSSON - Chairman Leten bought 44,380 shares at a price of SEK 65.08(66)+0.5%
MINERS - Copper -0.2%, Iron ore fut +0.2% with BHP OZ -0.09%, RIO OZ -0.77%.u/c
PARAGON - Numbers for H1 look in line but capital has fallen by 40 bps (552)u/c
IBERDROLA - Spec it's put 368MW of cogeneration plants in Spain on sale (6).u/c
TATE - Sales £2.71b pretax looks a miss but adjusted the EPS is a beat (609)u/c
INCHCAPE - Inline with strength in EM/Aus offsetting weaker UK/Europe (739).u/c
MEDICLINIC - PS of 30p, up 1% y/y, is all in-line with trading update (680).u/c
UNIBAIL - Westfield shareholders have voted through the Unibail deal (191)-0.5%
DAILY MAIL - Inline but a heavy weight of caution over biz and H2 (758).....-1%
BOVIS - CMD. Looks will highlight operational progress made to date (1266)..-1%
KINGFISHER - Challenging with Q1 LFL sales miss at -4% vs est of -2.8% (289)-2%
IBSTOCK - Suffered a slow start to the year in both the UK and the US (283).-3%
ARYZTA - Revenue €811.4M vs FactSet €891.9M; organic growth (1.2%) (18).-10-15%
Shore
INTERTEK - Grp revs +4.4%,organic +4%,on track to deliver targets...........UNCH
UTD UTILITIES - FY revs +1.9%,PBT -2.4%,outperforming regulatory contract...UNCH
TATE - FY sales-1%,PBT+13%,sees FY19 EPS growth at low single digit range....-1%
IBSTOCK - volumes begin to normalise,performance weighted to H2..............+1%
HENRY BOOT - sees FY in line despite the poor weather.......................UNCH
PLUS500 - intends to apply for main market listing...........................+1%
HSS HIRE - Q1 rev +5.2%,EBITDA well ahead of prev yr,positive trends continue+1%
GO-AHEAD - Sees uplift in rail outlook for Fy.Fy seen slightly ahead.........+2%
KINGFISHER - Q1 lfl -4%(Est-2.8%).B&Q -9%(Est-7%).Challenging start to yr....-4%
PARAGON - H1 pft 73.4m.Divi 5.5p.Sees lending for year to remain strong......+1%
TALKTALK - Fy rev 1.56b(Est1.7b).Fy ebitda 223m(Est230.4m).Divi 1.5p.........-2%
DAILY MAIL - Performance in line.Sees slower revenue growth in H2............-2%
ELECTROCOMPONENTS - Fy ptp 173.1m(Est170.4).fy divi 13.25p...................+1%
YOUNG & CO - FY revs +3.9%,PBT +1.5%,divi +6%,optimistic for yr ahead......UNCH
CAP & COUNTIES - considering a demerger resulting in 2 listed companies......+3%
MEDICLINIC - in line final divi 4.7p , CEO to continue as non exec..........UNCH
WIZZ AIR - Rev's a miss, free cash $980m fleet expansion to continue.........-2%
QINETIQ - beat to estimates, maintains guidance see modest organic growth....+1%
RBC PRE-MKT INDICATIONS
*ARZYTA: -15% profit warning again, starts cost cutting plan.
*DAI/BMW/VW: -2% WSJ: Trump looking into new tariffs on imported vehicles.
*DEUTSCHE BANK: +1% group update; job cuts, reduce costs to €22B in '19.
*DEUTSCHE TEL: 0% sees sales & profit growth through '21, positive commentary.
*FLUGHAFEN WIEN: +1% Q1 EBITDA 3% ahead, raising EBITDA guidance for FY'18.
*GO-AHEAD: +1% trading statement positive, uplift in rail outlook for FY'18. 3
*IBERDROLA: +1% CONFIDENCIAL: decided to sell 19 co-generation plants.
*INTERTEK: +2% Q1 top line touch better, FY'18 targets confirmed.
*KINGFISHER: -5% Q1 sales miss, negative impact from weather & closures.
*ORSTED: -4% fails to win contract for Massachusetts Offshore Project.
*PARAGON: +1% H1 numbers in line, raises views for FY'18 commercial lending.
*TALKTALK: +4% H2 revenues 4.3% ahead, FY'18 guidance in line.
*UNITED UTILITIES: 0% FY'18 small miss @ net level, beat @ operating line.
*WIZZ AIR: -1% FY revenues miss, weak into numbers.