CREDIT SUISSE
AMS +5% Co said nothing to add to stated guidance exp
Aurubis -2/3% See's 2015/16 significantly lower op pre tax
Bellway +2/3% Average selling price +10% (peers more like 5-7%)
Capita +1/2% On track to deliver low double digit rev growth in the FY
Drax -2/3% UK capacity auction came at £18, mkt expecting £20
Elior +2/3% ebitda €475m vs con 473m, FY org growth at 3% vs con 2.7%
Engie -1% Considering taking control of of Suez (les echos)
KBC +2% Repaying all outstanding debt to govt, 5yrs ahead of sched
Miners +0.75% Metals rally after China set to halt new smelters
Publicis -1/2% Publicis loses L’Oreal ad account in North America to WP
Renault +1% Nissan may spend 350b yen to increase Renault stake
Salzgitter -1/2% Own 25% of Aurubis
SES M/P New satellite arrives at cape canaveral set for launch
SSE -1% UK capacity auction came at £18/KW, mkt expecting £20/KW
Suez +5% Engie considering taking control of of Suez (les echos)
WPP +1% Publicis loses L’Oreal ad account in North America to WPP...
MAINFIRST
*TELEFONICA-Explores asset sales to reduce debt says Expansion........+0.5%
*PUBLICIS-Loses L'Oreal Ad account in NA to WPP(+1%) says FT..........-2%
*M/HARVEST-Considers expanding into service vessels,2 cut costs.......+0.5%
*RENAULT-French Govt to sell 4.7% stake,voting 2 be restricted........+2%
*SES-Orders satellites from Thales(+0.5%) for $460m says Figaro.......U/C
*TIT-Working with Bofa,Citi on Oi plans,no formal talks u/way.........-0.5%
*CS-Working with Lazard for sale of Swiss private bank................U/C
*ROCHE-Combo of Atezolizumab plus Nab-Paclitaxel shows response.......U/C
*AURUBIS-Rev 2.53b((2.73),PT 82m(96),NI 61m(74),Div 1.35(1.4).........-11.5%
*ENGIE-Considers selling Electrabel stake & taking ctrl of Suez(+4%)..+1%
*AURELIUS-Sells 2 Munich Hotels,confirms 2015 forecasts...............U/C
*ELIOR-Divi +60% to 32c,2016 outlook inline w/long term targets.......+2%
*UNICREDIT-CEO sees no risks in restructuring,has enough capital......+0.5%
INVESTEC
EUR
* DELTA LLOYD-rejects claims for loss from shareholder Fubon................-1%
* ELIOR-FY in line, dividend ahead (€0.32 vs cons €0.3), confirms goal......+2%
* ENGIE-may raise $3-$5bn US sales,may take control of SUEZ(+5%) (Echos)....+2%
* KBC-repayls all Govt debt, expected but +ive..............................+1%
* KLEPIERRE-Nov trading slightly down YoY, to focus on Europe -Chairman...-1.5%
* PUBLICIS-lost another account,L’Oreal moves N America account to WPP(FT)..-2%
* RENAULT-Nissan may spend €2.6bn raising stake,cld reach Govt deal Fri.....+1%
* REPSOL and STATOIL(-0.5%) announce asset swap deal........................+2%
* THALES-gets $460m satellites order from SES(Figaro).....................+0.5%
UK
* AMEC FW contract win by Avanzia & Initec Energis (u/g away also)...........+1%
* BELLWAY +ve trading update - trading in line, well placed fro growth.......+3%
* CAPITA trading update, on track to deliver low dbl digit rev growth........+1%
* CARILLION contract win, Arriva's UK trains division, worth £120m...........+1%
* DIGITAL BARRIERS placing to raise £25.8m.................................-0.5%
* JOHN LAING says on track to achieve FY targets............................unch
* PETRA DIAMONDS positive auction tender.....................................+1%
* STHREE trading update in line with consensus, cautious o'look..............-1%
* THOMAS COOK Fosun (5% holder) stock suspended / Chairman goes missing......-1%
* WPP wins L'Oreal account from Publicis.....................................+1%
BoA MERRILLS
KBC - To repay all outstanding €2bn aid recieved from Flemish govt........+3%
BELLWAY - Positive H1 trading; 10% vol growth in line with top end........+2%
CAPITA - On track for low DD rev growth. 2016 Org growth to accelerate..+1/2%
MITTAL - Again very strong; X US now 30% off the lows. Mittal best read...+1%
WPP - Wins L'Oreal North America ad account from Publicis.................+1%
TULLOW - We UPGRADE from U/perform to Neutral in E&P year ahead...........+1%
REPSOL - To divest 13% stake in 50/50 Eagle Ford JV to Statoil............+1%
RENAULT - Le Figaro says France to sell a 4.7% stake as part of agreement.+1%
SANOFI - United Health selects Praluent (cholesterol) drug..............+0.5%
TEL ITALIA - Said to hire bankers to work on potential OI deal...........UNCH
MARINE HARVEST - TO build new greenfield feed factory in Scotland........UNCH
TELEFÓNICA - Expansion says exploring asset sales to reduce debt.........UNCH
LUFTHANSA - CEO says all 14/15 strikes cost €500m........................UNCH
ROCHE - Presents early atezolizumab investigational cancer data..........UNCH
MINERS - Oz followed our move here. RIO unch, nothing to move needle hereUNCH
KONE - UTX gives slightly weaker Asia guidance for Otis in 2016..........UNCH
DNO - We DOWNGRADE to NTRL on revised 2016 Brent prices.................-0.5%
AUTOLIV - DOWNGRADE to UNDERPERFORM on geo risk/reward, lower cap returns.-1%
STATOIL - Asset swap with Repsol. Acquires 13% stake in Eagle Ford JV.....-1%
RWE/EON - Press spec commission considering €11.5bn additional liability..-1%
VOLVO - DOWNGRADE to UNDERPERFORM on worsening global truck/construction..-1%
PREMIER OIL - We DOWNGRADE to UNDERPERFORM on bigger dilution risk........-1%
PUBLICIS - FT says loses L'Oreal North America account to WPP.............-2%
DELTA LLOYD - Sh'holder Fubon says DL liable for investment losses........-2%
AURUBIS - Op EBIT 3% light, DPS 9% below cons.Guidance lower for 2016.....-5%
Shore
STHREE - FY PBT inline,contract biz strong,Energy market headwinds persist..UNCH
CAPITA - on track for low double-digit rev gwth,bid pipeline stands at £5.1b.+1%
PLUS500 - Resuming onboarding activity.NOT subject to regulatoty restrictions+5%
BELLWAY - Sees volume growth of about 10% un year through July 2013..........+1%
LONMIN - 71% take up rights issue, 7.85m left to place.......................MKT
STAN CHARTERED - 96.8% shares taken up rights issue..........................+1%
MJ GLEESON - Sees H1 results strong increase y/y............................+3%