ML:
TULLETS - Unaudited FY revs in line, op margins to be higher than thought.+5%
TULLETS - Unaudited FY revs in line, op margins to be higher than thought.+5%
GAMESA - Spec Siemens hired bankers and talking with IBE over bid for GAM.+5%
SABADELL - Solid, headlines ahead and Q4 NII a 2-3% beat................+3-4%
FERRAGAMO - Q4 sales 5% beat v cons but SSSG remains poor at -4%........+3-4%
BANCO POP - Headline miss on provisions, but NII ahead & u/lying fine...+2-3%
BMPS - Operating results palatable and no backwards step in capital.......+3%
VEDANTA - Q3 EBITDA a 2% beat v cons, run rating ahead of our ests........+2%
JC DECAUX - Org rev growth 4.2% v 3.4% guide,FY rev growth 14% v cons 12%.+2%
GSK - 2 stories, spec JNJ looking at bid & co close to selling consumer...+2%
VESTAS/NORDEX - +ve read from Siemens/Gamesa bid spec.....................+2%
CAIXABANK - Headline miss on impairments but u/lying solid on NII/LLPs....+2%
TELEFONICA - Agrees significant cost cutting plan with employees in 16/17.+2%
TELIASONERA - Rev & EBITDA beat on Sweden but FCF light on inc capex......+2%
OMV - Operationally in line, EUR 1.5bn writedown on revised lower macro...+1%
SIEMENS - Spec hired bankers to explore bid for Gamesa, in talks with IBE.+1%
SKY - H1 revs in line, EBITDA a 3% miss driven by Germany, UK strong......+1%
ASHTEAD - URI US traded 4% lower than our close in the US yday............u/c
ELISA - Revs 3% ahead and EBITDA in line, capex a touch higher............-1%
YARA - NOK 1.15bn impairments and pre-announces Q4 10% below cons.......-1-2%
LUNDIN - Mixed, reserves in line, production & capex guided lower.......-1-2%
CS:
AG Bar UNCH Expects revs of 257mln vs bberg cons of 260.2mln
AG Bar UNCH Expects revs of 257mln vs bberg cons of 260.2mln
Barclays M/P Been hit with a lawsuit for nearly £1b from Amanda Staveley
Elisa Corp -2% Q4 small ahead. Q4 Revs 3% beat, EBITDA 0.6% beat
Ferragamo M/P LFL disappointing, higher-than-anticipated FX benefits
Gamesa +7-10% Siemens Explores Purchase of Gamesa, El Confidencial
GSK +1% CEO may sell its consumer healthcare products division
Iberdrola +2-3% Iberdrola holds 19.7% stake in Gamesa, Siemens bid spec
JC Decaux +1-2% FY revenue beat. EU3.21B vs est EU3.14B
Linde +1-2% CS upgrade to OUTPERFORM (Long term strategy)
Miners +1-2% Copper +0.75%, Brent +1.80%, Iron Ore +0.45%, China +3.63%
Oils +1-2% Brent +1.8% to $34.75, WTI +1.85% to $33.95
Rank Group +1% 1h sales 374.2m cons 372.5m, LFL growth across all brands
Riter +2% FY Sales 3.6% beat, orders inline, guidance inline
Siemens -1-2% Siemens Explores Purchase of Gamesa, El Confidencial
Sky +1-2% 1H Rev. Matches Estimate; James Murdoch Named Chairman
Telefonica +2-3% To Take 2.9 Billion Euro Charge for Early Retirement
TeliaSonera +2-3% Q4 EBITDA SEK6.56b est SEK6.31b, announces new divi policy
Tullet Prebon M/P FY revenue inline, outlook reads fine
Tullet Prebon M/P FY revenue inline, outlook reads fine
Yara -1-2% Q4 EBITDA expected to be NK3.5bn, Cons bberg 4.3bn
RBC:
AIRBUS +1% Iran order announced on the close a tad better, US aerospace
AIRBUS +1% Iran order announced on the close a tad better, US aerospace
CAIXABNK -2% Q4 results inline but '16 guidance weak, NII very weak + REPSOL.
ELISA +1% Q4 revs ahead, EBITDA beat on consumer segment, guidance cautious
GAMESA +15% El Confidencial report SIEMENS hired D.Bank to look at acquisition
IBERDRLA +1% Company owns 20% of GAMESA.
MITTAL +2% EU impose 13% tariffs on Reinforcing Steel from China.
OMV -2% Q4 production light, downstream charge and cautious outlook.
POPULAR -1% Report Q4 loss due to legal provisions, guidance on call later.
SABADELL +2% Q4 net profit ahead, bad loans ratio lower, NII ahead.
SKY 0% H1 operating profit up 12%, revenue inline, management change.
TELIASON.-1% Q4 results beat, Revs 2.4% ahead, but guidance miss, div cut.
VESTAS +2% On read through from El Confidencial GAMESA article
YARA -5% Warning due to impairment, EBITDA a 5% miss.
ShoreCap:
AG BARR - Q4 revs +5%,ytd +2.5>%,performance improves over H2,margins inline.+1%
ShoreCap:
AG BARR - Q4 revs +5%,ytd +2.5>%,performance improves over H2,margins inline.+1%
STATPRO - strong growth cloud-based service but pro services sig.lower.......-2%
TULLETT PREBON - pick-up in activity,revs +14%,sees FY op.pft margin better..+5%
OXFORD BIOMED - announces second CART programme for Novartis.................+1%
RANK - H1 pbt 35.8m.Divi 1.6p.Confident forward statement....................+2%
SKY - H1 op pft 747m.Divi 12.6p.337k new customers join Sky in Q2............+1%
VEDANTA - produces EBITDA margin of 23% in challenging markets...............+2%
ITM POWER - looks to raise min £5m in placing and open offer at 15p..........MKT
ROLLS-ROYCE - FT reports of more cuts to senior management..................UNCH