RBC PRE-MARKET INDICATIONS
CREDIT SUISSE 0% Says evaluating all options prior to Strategy Day
ESURE +1% Car insurance premiums in Britain rose 4.8%
FIAT +1% Ferrari Said to Push for EU11b Valuation in IPO
FIRST GROUP +1% Bid spec in Times. Story to a move(?)
GIVAUDAN 0% 3Q Sales In Line With Estimates, Confirms FY Targets
IMPERIAL TOB +1% Rehashed bid spec in Daily Mail
LSE +2% To Sell Russell Investments for $1.15b, Reduce Debt
MARKS & SPENCER +1% UK Sept Sales Helped by Pent Up Clothing Demand, BDO Says
NORSKE HYDRO +1% Signs LOI With Vale to Raise Mrn Ownership to 45%
PRESIDENT ENERGY +2% Strong results from Paraguay seismic Campaign
ROCHE +1% Ocrelizumab Works in Hard-to-Treat Multiple Sclerosis
STAGECOACH 0% Bid spec in Telegraph
TELECOM ITALIA 0% Said to Eye 40% Stake in Metroweb
07:46:12 GAURAV PANCHAL : ML SHAEFFLER - First day of trading, priced at EUR 12.5, ticker: SHA GY.......
GIVAUDAN - Q3 LFL 3.3% v 1.8% cons, beat in fragrances & flavours, solid+2-3%
ZALANDO - We INITIATE coverage with a BUY rating, PO EUR 36...............+2%
ROCHE - Positive data from Ocrelizumab trial re Multiple Sclerosis........+2%
SYMRISE - +ve read from v strong Q3 LFL from Givaudan...................+1-2%
OILS - Oil strong again overnight, energy best sector in US.............+1-2%
GLENCORE - cutting 500kt of zinc production per year (total market 13mt)+1-2%
VED/NYR - Positive read from Glencore cutting annual Zinc production....+1-2%
LLOYDS - Gov stake now sub 11%, run-rating for Dec exit of drip feed......+1%
NORSK HYDRO - Alcoa -5% after hours post numbers, upgraded away from us...+1%
LADBROKES - Secures £1.5bn financing for proposed merger with Coral.......+1%
NAT GRID - We DOWNGRADE to Neutral, PO unch at 965p.......................u/c
ACS - US cancels a EUR 267m contract for ACS due to delays, El Economista.u/c
T.ITALIA - Said to eye 40% stake in carrier Metroweb......................u/c
PETROFAC -
Ends contract with ZPMC due to performance issues..............u/c
IFX/STM - -ve read from Gartner numbers, PCs declined -8% YoY...........-0.5%
LSE - Sells Russell for $1.15bn, c 70p per sh lower than expected.......-2-3%
TRYG - Q3 a miss impacted by drop in equity, led to DKK 400m loss.......-3-4%
CREDIT SUISSE 0% Says evaluating all options prior to Strategy Day
ESURE +1% Car insurance premiums in Britain rose 4.8%
FIAT +1% Ferrari Said to Push for EU11b Valuation in IPO
FIRST GROUP +1% Bid spec in Times. Story to a move(?)
GIVAUDAN 0% 3Q Sales In Line With Estimates, Confirms FY Targets
IMPERIAL TOB +1% Rehashed bid spec in Daily Mail
LSE +2% To Sell Russell Investments for $1.15b, Reduce Debt
MARKS & SPENCER +1% UK Sept Sales Helped by Pent Up Clothing Demand, BDO Says
NORSKE HYDRO +1% Signs LOI With Vale to Raise Mrn Ownership to 45%
PRESIDENT ENERGY +2% Strong results from Paraguay seismic Campaign
ROCHE +1% Ocrelizumab Works in Hard-to-Treat Multiple Sclerosis
STAGECOACH 0% Bid spec in Telegraph
TELECOM ITALIA 0% Said to Eye 40% Stake in Metroweb
07:46:12 GAURAV PANCHAL : ML SHAEFFLER - First day of trading, priced at EUR 12.5, ticker: SHA GY.......
GIVAUDAN - Q3 LFL 3.3% v 1.8% cons, beat in fragrances & flavours, solid+2-3%
ZALANDO - We INITIATE coverage with a BUY rating, PO EUR 36...............+2%
ROCHE - Positive data from Ocrelizumab trial re Multiple Sclerosis........+2%
SYMRISE - +ve read from v strong Q3 LFL from Givaudan...................+1-2%
OILS - Oil strong again overnight, energy best sector in US.............+1-2%
GLENCORE - cutting 500kt of zinc production per year (total market 13mt)+1-2%
VED/NYR - Positive read from Glencore cutting annual Zinc production....+1-2%
LLOYDS - Gov stake now sub 11%, run-rating for Dec exit of drip feed......+1%
NORSK HYDRO - Alcoa -5% after hours post numbers, upgraded away from us...+1%
LADBROKES - Secures £1.5bn financing for proposed merger with Coral.......+1%
NAT GRID - We DOWNGRADE to Neutral, PO unch at 965p.......................u/c
ACS - US cancels a EUR 267m contract for ACS due to delays, El Economista.u/c
T.ITALIA - Said to eye 40% stake in carrier Metroweb......................u/c
PETROFAC -
Ends contract with ZPMC due to performance issues..............u/c
IFX/STM - -ve read from Gartner numbers, PCs declined -8% YoY...........-0.5%
LSE - Sells Russell for $1.15bn, c 70p per sh lower than expected.......-2-3%
TRYG - Q3 a miss impacted by drop in equity, led to DKK 400m loss.......-3-4%
Handelsbanken:
TRYG q3 ptp 58% below cons driven by weak investments; CoR adj worse -5%
CS:
Boliden +5-6% Glencore to reduce mine production of zinc metal
TRYG q3 ptp 58% below cons driven by weak investments; CoR adj worse -5%
CS:
Boliden +5-6% Glencore to reduce mine production of zinc metal
Cellnex +1-2% CS initiate with OUTPERFORM (Defensive growth)
Fagron +5% Received a "number of non-binding takeover offers"
Fiat +2-3% Ferrari Said to Push for $12.4 Billion Valuation in IPO
Galapagos +2% Phase 1 study shows cystic fibrosis drug to be safe
Givaudan +1% Q3 sales 1% ahead, reiterated 2010-15 target
LSE -1% Sale of Russell IM to TA Associates for $1,150m
Miners +2% Copper +2.05%, Brent +2.7%, Iron Ore +2.5%, China +0.83%
Oils +2% WTI through $50, oil stocks better in the US
Petrofac +5% Terminates Vessel Construction Contract With ZPMC
Rai Way M/P CS downgrade to NEUTRAL from OUTPERFORM (Limited growth)
Roche +1% Positive headline data for ocrelizumab, MS drug
Tryg -3-5% Numbers lower, driven by weaker investment income
Vedanta +4-5% Numbers mixed, Zinc production very strong
JPM:
BCP Owns 50.1% of Banco Millennium Angola - merging with Atlantico +2%
BCP Owns 50.1% of Banco Millennium Angola - merging with Atlantico +2%
BOL,NYR,VED +ve read from GLEN zinc prodn cuts +2%
GIVAUDAN Q315 LFL growth of 3.3% ahead of JPMe 1.4% +3%
GLENCORE plans to reduce zinc mine production by 500k tonnes per annum +3%
MITTAL JPM upgrade to OW
ROCHE Ocrelizumab data (MS drug - further details out this weekend) +1%
TEL ITALIA Hired bankers to sell it's stake in Inwit SpA. +1%