ML
* BMPS - Consob short sale ban extended until end of day tmw.................
* BG/RDSB - Trading statements on the tape, BAML restricted..............RSTR
HOCHSCHILD - FY production slight beat, costs on track, reads well........+5%
WH SMITH - Travel LFL's up5% vs 3% cons, high street better too, 8% SI..+2-3%
PETS AT HOME - LFL +2.2% v +2.1% cons, expects FY in line with ests.......u/c
HAYS - bid spec in FT and Daily Mail market reports this am, RAND/ADEN....u/c
SK FP - FY sales 1% ahead of cons and LFL growth 8% v 7% co forecast......-1%
SAGE - CEO says confident in business and confirms Dec outlook............-1%
SGS - Revs and EBITDA broadly in line, cash strong, 10% short base........-1%
DIALOG SEMI - Microchip buys Atmel for $8.15 per sh, finally ends saga....-1%
FRESNILLO - Overall in line, solid but all about broader sector move......-2%
BANCO POP - Plans to sell real estate in H2,has already received interest.-2%
CRED AG - We UPGRADE to Neutral, PO to EUR 10.5 from 11.80................-2%
OSRAM - CREE +6% a/h on an EPS beat (lower Opex),OSR already preannounced.-2%
THYSSEN - ceo sees good China business despite economic downturn risk.....-2%
DIPLOMA - Lower margins in acq business hurts, -ve impact from ccys.....-2-3%
VINCI - In talks to acquire Abengoa's Abeinsa unit, Expansion says........-3%
MAERSK - We cut estimates to 25% below consensus and reiterate the SELL...-3%
GMS/WOOD GROUP - We DOWNGRADE to UNDERPERFORM today in sector piece.......-3%
SDRL/SUBC/VALLOUREC - We DOWNGRADE to UNDERPERFORM today in sector piece..-3%
BHP - Operating performance in line with ests, 'to protect balance sheet'.-3%
ASML - Q1 rev guidance EUR 1.3bn v 1.4bn est, better div and inc buyback..-4%
GENEL - 2016 guidance 20% below cons across production and capex..........-4%
ZURICH - Warning, Q4 BOP loss of $100m, $475m restructuring charge in Q4..-5%
JD WETHERSPOON - LFL sls improving but guide for FY at lower end of exp..-10%
CS
Aldermore +1% CS upgrade to OUTPERFORM (Valuation)
Adecco M/P Adecco may offer 150p/sh, or £2.1B, for Hays, FT
ASML Holding -4% Q1 Sales EU 1.3b est EU 1.38b, gross margins weaker
Barry Call UNCH Q1 rev CHF1.81bn vs cons 1.78bn, volumes good
BHP Billiton -3-4% Production inline, guide small down, oil weaker overnight
CRH M/P ABI 50.9 in December up from 49.3 in November
Dialog Semi M/P Microchip/Atmel deal has now been confirmed
EFG -2-3% BTG Pactual is in talks to sell its Swiss bank BSI to EFG
Fresnillo -1% Positive production update, Silver and gold better
Genmab M/P Positive FDA update for Leukemia drug
Hays UNCH Adecco may offer 150p/sh, or £2.1B, for Hays, FT
Miners -3% Copper -0.40%, Brent -4.45%, Iron Ore -0.95%, China -1.21%
Oils -2-3% Brent -4.5% and WTI -5.2% vs Europe close
One Savings -2% CS initiate with UNDERPERFORM (To exposed to buy-to-let)
Pets at Home UNCH LFL +2.2%, Financial outlook for FY16 remains in line
Philips -1% Peer Cree +8% after hours on strong EPS
Shawbrook +1% CS initiate with OUTPERFORM (Well diversified)
Shell -3% 4Q adj profit $1.6B-$1.9B, est $1.8B
SGS -1% Numbers 1% light, organic growth inline
Synthomer -2% CS initiate with UNDERPERFORM (Valuation)
Virgin Money M/P CS initiate with NEUTRAL (Valuation)
Volkswagen -2-3% Negative news from European Industry Commissioner, Reuters
Wetherspoons -5% Company guiding to lower end of range
Wolseley M/P ABI 50.9 in December up from 49.3 in November
WH Smith UNCH Christmas period LFL sales +2%, travel sales +5%
Zurich -5-7% Warning, Floods charge -275m, commentary also negative
RBC PRE-MKT INDICATIONS
ANGLO AM. -5% Announces sale of Callide coal mine, no terms, +'ve
ASML -2% Q4 results miss but increase buyback by $1.1bln & dividend
B.MONTE-PASCHI -4% CEO says fall in deposits are limited, lower than '13.
BG GROUP -3% FY inline, guidance a tad ahead - irrelevant due to bid
BHP BILLITON -4% Unsurprisingly cut FY iron-ore forecasts
FRESNILLO 0% FY silver production +4.4$, Gold also ahead - positive.
GENEL -10% '15 numbers inline but cut's FY16 production guidance sharply
SGS -1% FY EBITDA light, EPS beat on lower tax, org. Growth ahead.
SHELL -3% No data just Q4 ranges, Chemicals light, div confirmed.
SWATCH/CFR -2% Vedomosti reports Russia may increase import duties on watches
TECHNIP -4% Announce launch of convertible bond, €375m, '15 sales ahead.
WHSMITH +1% Strong numbers, Travel/High Street beat and raise guidance
ZURICH -5% Q4 very weak, warning, UK storms, German life writedown
ANGLO AM. -5% Announces sale of Callide coal mine, no terms, +'ve
ASML -2% Q4 results miss but increase buyback by $1.1bln & dividend
B.MONTE-PASCHI -4% CEO says fall in deposits are limited, lower than '13.
BG GROUP -3% FY inline, guidance a tad ahead - irrelevant due to bid
BHP BILLITON -4% Unsurprisingly cut FY iron-ore forecasts
FRESNILLO 0% FY silver production +4.4$, Gold also ahead - positive.
GENEL -10% '15 numbers inline but cut's FY16 production guidance sharply
SGS -1% FY EBITDA light, EPS beat on lower tax, org. Growth ahead.
SHELL -3% No data just Q4 ranges, Chemicals light, div confirmed.
SWATCH/CFR -2% Vedomosti reports Russia may increase import duties on watches
TECHNIP -4% Announce launch of convertible bond, €375m, '15 sales ahead.
WHSMITH +1% Strong numbers, Travel/High Street beat and raise guidance
ZURICH -5% Q4 very weak, warning, UK storms, German life writedown
Shore
HAYS - +4.5% y'day on bid spec that Addeco/Randstad could target a 200p bid..+1%
BHP BILLITON - iron ore misses prior g'dance.................................-3%
JD WETHERSPOON - LfL sales +3.3%,margins decreased 1.1%,sees pfts at low end.-8%
BG - sees FY results inline,or ahead of g'dance,production ahead of g'dance.UNCH
ROYAL DUTCH - earnings look inline with est.FY impairments of £6.8-7bn.......-2%
SPRUE AEGIS - record year,strong sales see oper.pft ahead of expec,gd outlook+3%
NEWRIVER RETAIL - avg yield 8%,occupancy rates improve,encouraged by Q4.....UNCH
TISSUE REGENIX - DermaPure sales break through $1m mark.....................UNCH
COLLAGEN - FY revs hit by delays,sees revs at £2.8m vs £3.6m est.............-5%
GENEL - FY production/revs below guidance....................................-5%
DIPLOMA - ccy hit on revenues by 5%,softens margins........................-2.5%
WH SMITH - High st lfl sales flat(Est-4%).Christmas period lfl sales rise 2%UNCH
PETS AT HOME - Q3 lfl sales+2.2%(Est2.1%) FY outlook in line with views.....UNCH
HAYS - +4.5% y'day on bid spec that Addeco/Randstad could target a 200p bid..+1%
BHP BILLITON - iron ore misses prior g'dance.................................-3%
JD WETHERSPOON - LfL sales +3.3%,margins decreased 1.1%,sees pfts at low end.-8%
BG - sees FY results inline,or ahead of g'dance,production ahead of g'dance.UNCH
ROYAL DUTCH - earnings look inline with est.FY impairments of £6.8-7bn.......-2%
SPRUE AEGIS - record year,strong sales see oper.pft ahead of expec,gd outlook+3%
NEWRIVER RETAIL - avg yield 8%,occupancy rates improve,encouraged by Q4.....UNCH
TISSUE REGENIX - DermaPure sales break through $1m mark.....................UNCH
COLLAGEN - FY revs hit by delays,sees revs at £2.8m vs £3.6m est.............-5%
GENEL - FY production/revs below guidance....................................-5%
DIPLOMA - ccy hit on revenues by 5%,softens margins........................-2.5%
WH SMITH - High st lfl sales flat(Est-4%).Christmas period lfl sales rise 2%UNCH
PETS AT HOME - Q3 lfl sales+2.2%(Est2.1%) FY outlook in line with views.....UNCH
MainFirst
*THYSSEN-CEO sees good China bizz,no major on their bizz-Press.......-1%
*ZURICH INS-UK storms loss $275m,plans 2 exceed $300m savings........-5%
*ASML-Rev 1.43b(1.41),Net 292m(259),GM 46%(45),B/b €1b,o/lk weak.....-3%
*SGS-Rev 5.7b(5.73),EPS 71.99(71.91),Divi 68(68),Op Margin 16.1%.....-2%
*VINCI-In talks to buy Abengoa Unit Abeinsa,sales of €4.46b..........-1%
*SEB-FY Rev 4.77b(4.73),Q4 Org Grth +7.2%(5),Sales Grth 8%(7)........+1%
*POPULAR-Markets €4b property portfolio - Expansion..................+0.5%
*BARRY CALLEBAUT-Rev 1.81b(1.78),good vol grth,cocoa bizz tough......-0.5%
*BOUYGUES-Get Bombay contract worth close to €100m...................+0.5%
*ING-Buys shares in Chinese lending platform Welab - FD..............U/C
*DSM-CEO domestic grth & pockets of opportunities still there........U/C
*AIXTRON-Cree good numbers,outlook was fine,stock +5% a/hrs..........+0.5%
*TECHNIP-2015 current OP inline with Oct est's,Sales ok,375m b/sale..+0.5%
*RENAULT-C/Call co confirm emission issues effect 15k cars...........+0.5%
*THYSSEN-CEO sees good China bizz,no major on their bizz-Press.......-1%
*ZURICH INS-UK storms loss $275m,plans 2 exceed $300m savings........-5%
*ASML-Rev 1.43b(1.41),Net 292m(259),GM 46%(45),B/b €1b,o/lk weak.....-3%
*SGS-Rev 5.7b(5.73),EPS 71.99(71.91),Divi 68(68),Op Margin 16.1%.....-2%
*VINCI-In talks to buy Abengoa Unit Abeinsa,sales of €4.46b..........-1%
*SEB-FY Rev 4.77b(4.73),Q4 Org Grth +7.2%(5),Sales Grth 8%(7)........+1%
*POPULAR-Markets €4b property portfolio - Expansion..................+0.5%
*BARRY CALLEBAUT-Rev 1.81b(1.78),good vol grth,cocoa bizz tough......-0.5%
*BOUYGUES-Get Bombay contract worth close to €100m...................+0.5%
*ING-Buys shares in Chinese lending platform Welab - FD..............U/C
*DSM-CEO domestic grth & pockets of opportunities still there........U/C
*AIXTRON-Cree good numbers,outlook was fine,stock +5% a/hrs..........+0.5%
*TECHNIP-2015 current OP inline with Oct est's,Sales ok,375m b/sale..+0.5%
*RENAULT-C/Call co confirm emission issues effect 15k cars...........+0.5%