CS
ABF -1-2% EPS 3% ahead of CS, Chairmans outlook statement negative
BMW +2-3% Sales inline, EBIT ahead, pretax better, margins strong
Com Hem -1-2% Q3 revs 1% light, EBITDA 1.5% light
Direct Line +1% Premiums 3% better, cost base 3-4% lower, reiterate FY
Dufry -2-3% EBITDA inline, Q3 LFL weaker, Net loss higher
GSK +0.5% FT reports that PFE looked seriously at GSK
Hugo Boss +1-2% Already warned, sees 4Q gross margin improvement
Hunting -5% Weak market conditions, continuing operations decline
Imperial Tob +1% EPS 212.5 VS 207, debt lower & pricing good
Just Eat +3-4% Q3 LFL order growth inline, raises FY guidance
Kloeckner -3-5% Q3 already known, Q4 guidance for EBITDA disappointing
Miners +1% Copper +0.40%, Brent UNCH, Iron Ore -1.00%, China +0.08%
Nexans +1% Reached an agreement to sell its Argentinian operations
Porsche -3-5% EPA alleged 3.0l diesel engine fitted with defeat devices
PostNL -10%+ CMD, 2016 guidance is very light
Pfeiffer Vac -1% Q3 sales slightly light and EBIT ahead, confirms forecasts
Prysmian +1% Announces that a US antitrust probe has now closed
Regus M/P Q3 sales 478.8m vs CS ests £487m, outlook positive
Sponda M/P Q3 sales light, revises 2015 prospects up slightly
Stan Char -4% Weak Q3, uninspiring strategy update, $5.1bn rights issue
TDC +1% 3Q EBITDA ahead, keeps 2015 outlook
Telenor -1% VIP making a provision of $900m, Telenor owns 33% of VIP
Tele Italia -1-2% Vivendi says not in talks with partners on Tele Italia bid
UBS Group -2% No's inline but low quality, CET1 at 14.3% cons. 14.6%
Volkswagen -3-5% EPA alleged 3.0l diesel engine fitted with defeat devices
Weir -1-2% Sees FY 2015 Earnings Broadly In Line With Expectations
ML
* KLEPIERRE - BNP selling 20.5m shs, BNP, CS and UBS.........................
* STAN CHART - Underwritten $5.2bn rights issue, please call for details.....
DUFRY - Q3 EBITDA a 2% beat on strong top line (8% ahead), 10.8% short....+3%
CAIRN - Spec India to consider out of court settlement on CGT claim.......+3%
DUERR - Q3 EBITDA a 10% beat driven by strong sales, raises rev guide 6%..+2%
JUST EAT - Q3 order growth 48% v 42% MLe, now sees sales 2-3% above cons..+2%
DANONE - We DOUBLE UPGRADE to OURPERFORM, PO to EUR 73 from 55............+2%
DSM - EBIT an 8% beat v cons, nutrition top line strong,good cost control.+2%
DIRECT LINE - Premiums 3% ahead of MLe, cost base 6% lower than est.....+1-2%
WEIR - IMS in line and stock v weak into event, detail in call at 8am...+1-2%
BMW - EBIT a 12% beat on strong margins in auto div but part one offs.....+1%
TDC - Revs 1.6% light but EBITDA ahead and no comment of div cut, reits FY+1%
GAMESA - Wins order for turnkey construction of 200 MW in India...........+1%
IMP TOBACCO - FY results 1% ahead of cons, volumes poor as expected.....+0.5%
GSK - FT reports GSK rebuffed Pfizer before PFE approached Allergan.......u/c
ICADE - Buys portfolio of 16 clinics for EUR 606m.........................u/c
FUCHS PETROLUB - Q3 EBIT a 5% miss driven by sales 3-4% light, reits FY...u/c
HUGO BOSS - All in line with pre-announcement, conf call at 2:30 UK time..u/c
KLOECKNER - Q3 numbers in line w pre-release, Q4 guide implies small d/gs.-1%
TELENOR - Vimpelcom to take $900m Q3 provision on investigations..........-1%
D. BOERSE - We DOWNGRADE to Neutral, PO to EUR 88 from 90.................-1%
ADP - Q3 sales 2% below ests, passenger traffic +8.2% in Q3...............-1%
STRAUMANN - We DOWNGRADE to Neutral, PO to CHF 300 from 320...............-1%
KERRY GROUP - Small miss on group org sales, guidance reiterated..........-1%
AB FOODS - Op profit 5% beat on sugar, guide implies small cons d/g on FX.-1%
INFINEON - Spec frontrunner to land FCS US as it is highest bidder........-1%
UBS - Targets pushed back a year on RWA inflation, small miss on capital-2-3%
VW - FT reports cheating scandal spreads to Porsches, VW denies...........-3%
HUNTING - Another very poor set of numbers, v weak into event.............-5%
POST NL - Guiding for op income 16% below ests, 25% cut to '16 ests......-15%
ShoreCap:
STAN.CHARTERED - Q3 loss $139m,£3.3bn rights issue at 465p,scraps final divi.MKT
STAN.CHARTERED - Q3 loss $139m,£3.3bn rights issue at 465p,scraps final divi.MKT
GLAXO - rebuffed approach from Pfizer in recent weeks before Allergan talks..+1%
IMP'S - growth brand vol +7%,oper pft +2.4%,divi +10%,well placed............+2%
HUNTING - Q3 remained subdued,ytd oper.pft -85%,assumes FY profits -90%......-5%
REGUS - Q3 revs +17.3% £478.8m,cash generation strong,strong pipeline........+1%
AB FOODS - FY pbt 717m.Divi 25p.Currency pressures leads to op pft decline...-2%
WEIR GRP - Oil&Gas margins slightly lighter.FY earnings expectations in line.-2%
JARDINE LLOYD - Cuts views for group profits in 2015.........................-4%
PENDRAGON - Expects 2105 fy performance to be in line with views............UNCH
JUST EAT - Q3 LfL order growth 48%,Raises FY forecast........................+3%
K3 BUS.TECH - wins major contract from K-Mail Order GmbH.....................+3%
DIRECT LINE - premiums +1.3%,stronger growth in Motor than Home,inline......UNCH
Mainfirst:
*IFX-Said to be front-runner to buy Fairchild,lining up finance...........-1%
Mainfirst:
*IFX-Said to be front-runner to buy Fairchild,lining up finance...........-1%
*UBS-NI 2.07b(1.73),WM PT 639m(690.9),IB PT 496m(330.1),tgts pushed out...-1.3%
*FUCHS-Sales 531.2m(550.5),Ebit 89.3m(93.8),PT 62.1m(64.1),confd guidance.-0.5%
*DUFRY-Rev 1.99b(1.84),Ebitda 271.3m(263.9),Nuance intergration on track..+2%
*STAN CHART-To raise £3.3bln via rights issue,STK -3.9% in HK.............-3%
*DSM-Ebitda 287m(283),Rev 1.945b(1.93),c/reduction details tmrw...........+1%
*DUERR-Sales 988.2m(894.88),Ebitda 101.8m(93.1),FY Sales higher...........+2%
*BMW-Ebit 2.35b(2.16),Sales 22.3b(22.3),PT 2.26b(2.12),reits FY...........+2.5%
*VONOVIA-Raises FY f/casts 590-600m(560-580),9m Rental Inc 1.02b..........+1.5%
*ADP-Sales 772m(789),sees FY traffic grth equal to or above 3%............-0.5%
*P/VAC-Sales 114.5m(115),Ebit 15.3m(15),NI 10.6m(11),FY Confirmed.........+1%
*KLOECKNER-Rev 1.59b(1.64),Ebitda 28m(27),Ebit 5m(1.8),FY Confirmed.......-0.25%
*TDC-Rev 5.9b(6.02),Ebitda Ex Items 2.54b(2.47),Ebit 1.22b(1.18)..........+1%
*VW-Denies new EPA allegations,new management has no incentive to lie.....-2.5%
*PORSCHE-Read across from VW EPA allegations - see bbg 4 comment..........-1%
*BOSS-Own stores comp in Q4 will rise or be flat,GM improvement,reits o/l.-1%