JPMorgan
AIRBUS Reported talks with Bombardier on CSeries have ended +1%
ALTICE Reweight tonight. Expected BUY flow. 5.15m shares ATC, 1.07m ATCB
ARM Samsung +9% post figs. Mediatek traded better post Sept sales +2%
BCO POPULAR In talks to create bad bank to dispose of a real estate p'folio +2%
ELIOR Placing overnight. Charterhouse selling 17.2m shares
KLOECKNER Warning. Revises down Q3 EBITDA on 'poor market conditions' -8%
MARKS&SPENCE JPM downgrade to N -2%
OILS Crude continues to trade higher +2%
REXEL Warning. Feels well expected. Ests coming down ~10% for 2H -3%
ROLLS ROYCE Co issues $1.5bn debt o/night. JPM reit bear case unch
SWISSCOM Reduced CHF186m fine on Broadband Prices (initial fine CHF 219)unch
TELENOR reports LetterOne (Alfa) doesn’t plan to buy VimpelCom stake -2%
TESCO No obvious disaster and short interest at annual highs +2%
UBISOFT New addition to Far Cry franchise. Video leaked yday +1%
Numis
* BERKELEY ENERGY +3-5%; New high-grade resource at Zona 7. Siginificantly higher grade than previous resource.
* BETFAIR mkt; Stay put - Times (Tempus)
* DIAGEO mkt; Portfolio tidying, could add 0.6ps dilutive to EPS pre-excep
* EASYJET mkt; Hold - Times (Tempus)
* EASYHOTEL unch; Trading inline with expectations
* GEMFIELDS +1%; Strong set of FY results. Cash in line with expectations.
* GRAINGER +1%; S&P raise existing £275m secured notes to 'BBB-' from 'BB+'. Also renegociated new £150m banking facilities.
* IG GROUP unch; Financial ombudsman ruling to cost additional £1m
* IMPERIAL TOBBACO +2%; Times mkt report rekindles B.A.T. interest
* PUNCH unch; Completion of Matt Clark sale
* ROBERT WALTERS +1%; Buy - Times (Tempus)
* SABMILLER; Revised offer of £42.15 per share from AB InBEV
* SPORTS DIRECT unch; Potential acquisition of Warrnambool for €47.5m
* TESCO +1%; Earnings a small beat on ests, holding onto Dunnhumby. Press comments - SFO meetings behind closed doors /living wage to cost £500m by 2020
* WOOD GROUP +1%; Wins project in Tengiz field. No numbers mentioned
Investec
* ABINBEV-makes 4215p cash offer for SAB after 3800p and 4000p rejected.....+1%
* AIR FRANCE-denies press reports of 5k more job cuts.......................U/C
* ALCATEL-abandons plans to sell submarine cable division...................-1%
* EON-Fridman’s LetterOne in advanced tlks to buy Eon’s N Sea assets......+1.5%
* HEINEKEN-announces deals with Diageo, net cash payable by HEIA is £515m...U/C
* KLOECKNER-revises down Q3 ebitda f/casts on poor mkt conditions...........-5%
* LAGARDERE-partnership with Google to boost internet capability(Echos).....+1%
* OMV-discusses possible asset swap with Gazprom(out late y’day)..........+1.5%
* REXEL-lowers sales and margins guidance on ‘economic conditions’..........-3%
* SWISSCOM-competition fine reduced to Chf186m(Chf219m),takes provision.....U/C
* ASTRAZEN-Brilinta faces paragraph IV challenge, FDA says overnight........ -2%
* CONVIVIALITY-Completes acquisition of Matthew Clark.......................unch
* GEMFIELDS.FY results broadly in line with expectations....................unch
* EASYHOTEL-Trading in line but delays in 2 openings leads to D/G's.........-10%
* MORRISONS/SAINSBURY.merger spec in DM market report........................+1%
* POLYPIPE.15.6m share placing, Cavendish Square stake, 7.8%
* REGUS- +ve CMD commenmtary from y'day but no update on current trading....unch
* SABMILLER-4215p cash (w/ share alternative) bid from ABI INBEV.............+4%
* TESCO-UK lfl -1.1%, op profit £354m, retains Dunnhumby a -ve but known.....+1%
* DIAGEO-disposals to Heineken, net cash receivable £515m....................+1%
* ABINBEV-makes 4215p cash offer for SAB after 3800p and 4000p rejected.....+1%
* AIR FRANCE-denies press reports of 5k more job cuts.......................U/C
* ALCATEL-abandons plans to sell submarine cable division...................-1%
* EON-Fridman’s LetterOne in advanced tlks to buy Eon’s N Sea assets......+1.5%
* HEINEKEN-announces deals with Diageo, net cash payable by HEIA is £515m...U/C
* KLOECKNER-revises down Q3 ebitda f/casts on poor mkt conditions...........-5%
* LAGARDERE-partnership with Google to boost internet capability(Echos).....+1%
* OMV-discusses possible asset swap with Gazprom(out late y’day)..........+1.5%
* REXEL-lowers sales and margins guidance on ‘economic conditions’..........-3%
* SWISSCOM-competition fine reduced to Chf186m(Chf219m),takes provision.....U/C
* ASTRAZEN-Brilinta faces paragraph IV challenge, FDA says overnight........ -2%
* CONVIVIALITY-Completes acquisition of Matthew Clark.......................unch
* GEMFIELDS.FY results broadly in line with expectations....................unch
* EASYHOTEL-Trading in line but delays in 2 openings leads to D/G's.........-10%
* MORRISONS/SAINSBURY.merger spec in DM market report........................+1%
* POLYPIPE.15.6m share placing, Cavendish Square stake, 7.8%
* REGUS- +ve CMD commenmtary from y'day but no update on current trading....unch
* SABMILLER-4215p cash (w/ share alternative) bid from ABI INBEV.............+4%
* TESCO-UK lfl -1.1%, op profit £354m, retains Dunnhumby a -ve but known.....+1%
* DIAGEO-disposals to Heineken, net cash receivable £515m....................+1%