ML:
AFRICA OIL - Farms out 50% of Kenya output for $365m cash & $480m further+30%
TULLOW - Positive read from Africa oil farming out 50% of Kenyan output..+10%
SERCO - Amends terms of loss making Armidale Class Patrol Boats contract..+5%
AGGREKO - Maintains FY guidance, cons expected a cut, short int at 11%....+5%
INMARSAT - Singapore Airlines signing up for Flobal Xpress................+3%
KINGSPAN - FY trading profit expected of c€250m, vs consensus of €229m..+2-3%
JUP/HGG - Press spec Wells Fargo looking at both cos for London expansion.+2%
MAERSK - Mentioned as potential bidders for Neptune Orient in Singapore...+2%
BMPS - Capital improves to 11.7% but operationally weak and NPLs worse....+2%
SUNRISE - EBITDA a beat on in line revs, reit FY targets and dividend...+1-2%
HISCOX - Premium growth of 12.9% YTD, vs 12%, statement reads well......+1-2%
NAT GRID - Said to plan sale of gas networks according to spec............+1%
TUI - planning to sell HOTELBEDS.COM for about EU1bln in early 2016.......+1%
ITALCEMENTI - Expects operating results slightly down v 14, all about bid.u/c
GBL - Q3 NAV EUR 13.8bn v 14.2bn MLe, incubator stakes increases in line..u/c
ADIDAS - GBL inc stake to 4.7%, tgt for most investments 10-15%...........u/c
CAP COUNTIES - conducting a review to sell Kensington Olympia.............u/c
ROLLS - Telegraph reports co blocks ValuAct from gaining seat on board....-1%
ATLANTIA - Q3 in line, airport disposable off the table will disappoint...-1%
CONTI - EBIT 5% light, margin tgt raise in line, FCF the positive.........-2%
RENAULT - Gov says opposes RNO/Nissan merger, goes against prev headlines.-2%
TALK TALK - Expected to scrap dividend post hacking scandal...............-3%
IHG - Co says not considering merger or sale, ADRs traded -4.5%...........-5%
CS:
Abb +1-2% Would Consider Offer for Power Grid Unit
Aggreko +2-3% Capex down slightly, maintains guidance
Air France M/P Traffic stats solid. +2.8% in Oct
BT -0.5% U.K. Broadband Providers May Face Multimillion-Pound Levy
C&C +0.5-1% Strategic review, may sell Venues business
Continental -3% EBIT 1.08bn vs 1.147bn, sales 3% miss
Henderson +2-3% Wells Fargo may be looking at acquisition, Sunday Times
Jupiter +2-3% Wells Fargo may be looking at acquisition, Sunday Times
Hiscox UNCH Strong performance in insurance lines in Hiscox USA/London
IAG +2% Qatar Airways CEO Says ‘Very Likely’ to Increase Stake
IHG -4% Says It Isn’t Considering Sale or merger
Kingspan +1-2% 9m sales +3% on underlying basis, outlook ok
Lufthansa -1% Cancelled almost 1,000 flights for Monday on strike action
Miners UNCH Copper +0.20%, Brent +1.20%, Iron Ore +1.30%, China +2.01%
Novo Nord -0.5% Negative drug update for Victoza (diabetes)
Rocket Inter -2-3% Said to postpone IPO of Hellofresh
Sanofi UNCH Positive phase 3 study of Sarilumab
Serco +2% Positive news on service support contract in Australia
Sky -0.5% U.K. Broadband Providers May Face Multimillion-Pound Levy
Sunrise +2-3% Revs 0.7% below cons, EBITDA 0.3% ahead, keeps outlook
Tui +2% Said to plan sale of its online hotel booking business
JPM:
AGGREKO squeeze as co reaffirms targets, retains guidance +5%
ALTANTIA Weak 9m #s; see 2-3% downgrade to FY consensus EBITDA -2%
CONTINENTAL Sales, EBIT miss. Outlook maintained, FCF tweaked higher unch
ELRINGKLING Margin above depressed exp; Higher Capex weighs on FCF unch
EUSKALTEL Loses majority of Basque gov’t contract to TEF -3%
HGG/JUP S Times: Wells Fargo Eyes Britain’s Jupiter, Henderson +2%
HISCOX Solid Q3 unch
HOME RETAIL Website glitch over weekend -1%
IHG Stmnt from co: NOT considering a potential sale or merger -4%
UNICREDIT Press on strategy day Weds, 12k job cuts mentioned (not new) unch
Numis:
* AGGREKO (+1-2%) On track with business plan, maintains guidance
* BURBERRY (-1%) China belt tightening squeezes profits; Times
* CAPCO (+1%) Confirms press on Olympia, asset under review may/may not sell
* CLIPPER (+2%) New contract with M & Co, no financials given
* DIGNITY (+1%) Expects to slightly outperform, shares spiked on Friday.
* EMPIRIC PROP (mkt) Acquiring student accommodation in Cardiff for £40m
* GOAL (-10%) WARNING, expects FY to be £8.2m-£8.6m vs £9.3m-£9.8m est
* GVC (+2%) Rebuffed approaches for Bwin.Party assets; Telegraph
* HISCOX (+1%) Written Premiums slightly ahead of our est
* HENDERSON (+2%) Could be on Wells Fargo's shopping list; Times
* INMARSAT (+1%) Singapore Airlines to adopt GX Aviation Services
* INTECONTINENTAL HOTELS (-3%) Board say not considering sale or merger
* JD WETHERSPOON (+1%) Placed a further 34 pubs on the market; Times
* JUPITER (+2%) Could be on Wells Fargo's shopping list; Times
* LONMIN (-5%) Heavy losses as per press & $407m underwritten rights
* M&S (mkt) CEO confirms he will stay at the helm/refuses a pay rise; Mail
* NATIONAL GRID (+3-4%) To sell £10bn of its gas distribution ops; Times
* REDCENTRIC (mkt) Inline numbers, confident outlook
* ROLLS-ROYCE (mkt) Resisting ValuAct demands for board seat; Telegraph
* SAB MILLER (mkt) To sell MIller for >$10bn to seal merger deal; Times
* SAGA (mkt) Launching long-awaited investment services biz today; Times
* SERCO (+2%) Agreement with Oz Govt to amend terms of ACPB contract
* SIERRA RUTILE (+2%) Sierra Leone has been declared "Ebola free"
* TALKTALK (-2%) Likely to scrap dividend in hacking aftermath; Telegraph
* WILLIAM HILL (+1%) BUY, share price slump an intriguing; Times
MF
*CONTI-Sales 9.62b(9.8),NI 635.7m(689),Ebit 1.08b margin/CF Tgt.....-1%
*SUNRISE-Sales 478m(486.4),Ebitda 164m(166.8),confirms guidance.....+0.25%
*ROCHE-Investor update,launches new H&E tissue staining solution....+0.5%
*CS-May cut bonuses after writedowns,could report FY -2.6-2.8bln....-0.25%
*IAG-Qatar very likely to increase stake & invest in Indigo.........+1%
*RENAULT/NISSAN-French Govt doesn't want merger,may cut stake.......-0.5%
*D/WOHNEN-Urges Vonovia(-0.5%) investors to stop hostile takeover...U/C
*THYSSEN-To achieve elevator profit targets before 2020.............+1%
*AIR FRANCE-Oct passengers +2.8% at 8.1m,Load factor 90.1%..........+1%
*TUI-Plans sale of Hotelbeds,could be worth €1b,sale start of 16....+0.5%
*QSC-Rev 100m(100),Ebitda 12m(12),Net -1.7m(-2.1),FY confirmed......+0.5%
*ELRINGKLINGER-Rev 366.1m(364),Ebit 36.7m(32.5),NI 20m(17),O/L ok...+0.5%
*MONTE PASCHI-Net -109m(-127),NII 569m(573),CET1 11.7% end Sept.....+1%
*ROCKET-Hello Fresh Food to postpone IPO till next yr,due 2 mkts....-3%
*BAYER-Presented 1st p2 datafor vericiguat in heart failure,+ve.....+1%
RBC Indications:
AFRICA OIL +25% Announces farm-out deal with MAERSK, US$350m - big price.
AGGREKO +3% Q3 numbers weak, rev light but reaffirms FY forecasts=relief
AIR FRANCE +1% Oct. Traffic & load factor data ahead v last yr strike.
BHP BILLITON -1% -5.64% in Aus on Samarco update, may have licence suspension
BP/STATOIL -1% APACHE ($18bln) said to receive unsolicited takeover approach
CONTINENTAL -2% Q3 clean is weak due to power train business, margin upped.
HISCOX +1% 9M IMS inline, Prem. growth ahead, investment return tad light.
IHG -5% ADR -8% after it stated it was not considering sale/merger
JUPITER/HGG +2% Takeover talk in the Sunday Times.
KABEL DT. +2% Q2 revenues and ARPU both beat and reconfirms outlook
LONMIN +20% Announces $407m underwritten rights issue, 46/1, 27 new @ 1p.
MITTAL/TKA 0% Weak Oct China Steel exports weak NLMK numbers, Q3 rev -23%!
NAT.GRID +2% S.Times reports company to sell UK gas distribution bus ~£10bln
NYRSTAR +5% Announces €275m rights offering to support balance sheet
ROCKET INT. 0% Confirmaiton of postponement of IPO of HelloFresh food unit.
STAN.CHART. +1% 2nd night of trading at large premium in HK on tight borrow.
SUNRISE 0% Q3 EBITDA inline, reiterated guidance. Rev 487m v 491 exp.
TULLOW +2% Read through from farm out deal between MAERSK/AOI in Kenya.
Investec
* AIRBUS-sees 1 A380 order soon but unlikely at Dubai air show..............-1%
* AIR FRANCE-Oct passengers +2.8%, load factor -0.7% to 90.1%...............+1%
* BMPS-Q3 net loss better, plans bad loan sale by year end..................+2%
* CONTI-Q3 miss but reits FY rev f/cast, raises FY margin f/cast............-1%
* EDP-raises stake in Portgas for €42m......................................U/C
* ENEL-announces business plan for Latam unit...............................+1%
* IAG-Qatar Air CEO keen to increase 10% stake, will take their time........+2%
* HEIDELBERGCEMENT-Italcementi Q3 misses by 7%..............................-2%
* LUFTHANSA-another strike called for today,cancels 1000 flights............-2%
* NOVO NORD-diabetes drug fails to help heart failure(Reuters)..............-1%
* RENAULT-French Govt opposes Nissan merger. No real surprise there........-1%
* ROCKET INTERNET-postpones Hellofresh ipo until next year..................-3%
* THYSSEN-to achieve elevator profit targets before 2020....................+2%
* TUI-said to plan €1bn sale of Hotelbeds online unit.......................+2%
* UCG-may cut 12k jobs, asset sales with results Weds (FT)..................+2%
UK
* AGGREKO-Q3.Reassuringly in line.Weak into stmt.............................+5%
* CAPITAL & COUNTIES-Confirms spec it may sell Venues business...............+2%
* CARRS GRP-FY. #'s in line.Sml d/g to FY16&17 on cautious o/look stmtn......-1%
* DIGNITY-Q3. Detah rate increases. FY to be ahead of consensus..............+2%
* GOALS SOCCER-WARNING.Speed of recovery not at level anticipated...........-10%
* HISCOX-Q3.Written premimus +12.9%.Strong perf in USA & Hiscox London.......+1%
* INMARSAT-Singapore Airlines to deploy its GX Aviation connectivity service.+2%
* INTERCONTI.-Not considering sale or merger(Shs+6.25% Friday on rumour).....-4%
* JUPITER: Wells Fargo may pursue takeover(S.Times)..........................+1%
* LONMIN-Annoucnes $407m rights issue(46 for 1) @ 1p.