RBC
AIR FRANCE +1% Traffic data strong, load factor better, flight diverted.
ALTICE +5% Short-Interest near highs, positive read from ORANGE/BOUYGUES
BOUYGUES +5% Reports that ORANGE in talks to buy Media Units
DAI/VOLVO -1% ACT cuts Class '8 2016 production forecasts overnight
ENQUEST +1% Production update inline, cost cutting programme on track.
EURONEXT -1% Fined €5m by AMF for '09 HFT pilot, will appeal
ILIAD +3% Positive read from BOUYGUES/ORANGE announcement
KLEPIERRE +2% Confirmation they will replace EDF in the CAC40 on Dec 21st.
NUMERICABLE +4% Positive read from BOUYGUES/ORANGE headlines
ORANGE +3% Reports in talks to buy BOUYGUES TELECOM media unit
PUBLICIS -1% Reports that OMNICOM said to win most of P&G's N.America biz.
SWISS RE 0% Investor day inline, ROE targets as expected, dull.
JEFFERIES
Bouygues +4% Orange targeting telco unit?
Galapagos +5% +ve interim Ph II data for filgotinib in Crohn's
Orange +1% spec to buy Bouygues Tel and TF1
Publicis -3% spec have lost large part of P&G N Amer biz
Tel Italia -2% Orange may not be bidding in the end
TF1 +5% part of the Orange deal?
BoA MERRILLS
ML
ENQUEST - 15-20% cut in FY15/16 opex, YTD production in line w guidance...+5% BOUYGUES - Spec Orange to buy EN FP Telco, turned down EUR 10bn offer prev+4% KLEPIERRE - To be added to CAC 40 Index as of Dec 21st Euronext says......+3% FRENCH TELCO - ORA/EN FP tie up would be positive for all, pricing etc....+3% ORANGE - Spec co to bid for Boyugues Telco & Media unit, consolidation +ve+2% SCOR - Spec Sampo May Still Be on M&A Prowl After competitor deals........+1% ADIDAS - We UPGRADE to Neutral in year ahead piece, PO to EUR 91 from 64..+1% STEINHOFF - We INITIATE with a BUY rating, PO EUR 6.50 (ZAR 97)...........+1% HEADLAM - Trading update more or less in line with a slightly softer H2...u/c EON - Co does not need further provisions in power generation unit, BZ....u/c AIRBUS - Spec hired bankers to explore sale of Vector Aerospace Unit......u/c SWISS RE - RoE and economic net worth growth targets all in line w prev.-0.5% T.ITALIA - Spec of ORA for Bouygues Telco may dampen TI bid spec..........-1% EDF - Euronext says to be removed from CAC 40 Index on Dec 21st...........-1% VICTREX - Numbers small beat and future payout solid but no special div...-1% SMURFIT KAPPA - We DOWNGRADE to Neutral, PO down to EUR 27 from 32.50.....-1% GN STORE NORD - CFO resigns unexpectedly, 7.2% short base will support....-2% MONDI - We DOUBLE DOWNGRADE to UNDERPERFORM, PO to 1,200p from 1,686p...-2-3% PUBLICIS - Loses bulk P&G's US business to Omnicom, big contract to lose-2-3%
CREDIT SUISSE
Air France +1% Seat occupancy rate hurt by Paris attacks less than exp
Bouygues +5/6% ORA said to be in dis to buy Bouygues telco & media assets
Gameloft +5% Vivendi raises stake to 26.7%, plans to continue
GN STORE -1% CFO Anders Boyer resigns
Headlam M/P Trading update reads fine, as expected H2 has slowed
Miners -2/3 Continuation of weakness in commods from US close
Numericab +5% Spec of french mobile consolidation helpful for pricing
Oils UNCH Most of move happened in mkt, ADRs were flat
Orange +1/2% Said to be in disc to buy Bouygues' telco & media assets
Publicis -2/3% P&G shifting alomost all US business to Omnicom
Swiss Re -1% Invester day statement out, inline, capital remains unch
Tel Italia UNCH T Italia had been mentioned as possible target for ORA
Unilever +0.5% u/g to neutral on improving competitive structure
Victrex -2/3% Sales inline 263.5mln, pbt small ahead of cons at 106.4mln
Vivendi UNCH Vivendi raises stake to 26.7%, plans to continue
INVESTEC
EUR
* AIRBUS-may sell Vector unit for more than $800m (Reuters).................U/C
* AIR FRANCE-Nov occupancy -0.9%. Flight diverted o/n after threat..........U/C
* DBK-Japan seeks penalty against unit for improper handling of info........-1%
* ELUX-rivals LG & Samsung may step in to buy GE unit after blocked deal....-2%
* EON-no new impairments necessary says CFO (B-Z).........................+0.5%
* NOVARTIS-positive results from young person blood cancer drug.............+1%
* ORANGE-said in early talks to buy BOUYGUES(+5%) telco/media assets......+1.5%
* PUBLICIS-loses P&G N America contract to Omnicom..........................-3%
* UNIBAIL-sells Neuilly-sur-Seine building for €267m......................+0.5%
* VIVENDI-raises Gameloft stake 26.7%(25%),still doesn’t rule out t/over....U/C Other
* Investor Day/Capital Mkt Day: SWISS RE, THYSSEN
* Ex-Div: ADP, THALES
UK
* AMEC FW small contract win, Scot underground cable........................unch
* ANGLO AMERICAN investor day today - has been div cut spec all over press
* BRC data poor November, -0.4% lfl BUT ex food lfl +2.6% (v +2.1%)
* CAIRN +ve read across from ENQUEST ops update below........................+1%
* ENQUEST ops update Kraken on target and under budget for H1 '17............+5%
* GW PHARMA +ve test results from epilepsy drug Epidiolex AH in US...........+2%
* HEADLAM Pre Close, slowdown in H2(I/L) remains on track to meet FY.........-1%
* HELLERMANTYTON all regulatory and competition clearances achieved..........+1%
* LAMRELL Investec appointed joint broker
* TREATT TET results ahead of expectations, no change to FY16................+2%
* VICTREX FY rev +4%, gross margin -80bps, sees challenges for FY16.......-2/-3%
* VODAFONE to sell at least 10% stake in Indian unit via IPO - CNBC........+0.5%
* WOOD GRP Secures new ConocoPhillips(Aus) contract. No financials..........unch