CS
Bossard M/P Q3 and FY guidance in line with market expectations
Bossard M/P Q3 and FY guidance in line with market expectations
Burberry +1-2% Positive read from LVMH numbers
CCH +1-2% Exercising call option to acquire 57% stake in CCBA
Ferragamo +2% Positive read from LVMH numbers
HSBC -1% Stock under pressure in Hong Kong
Kering +1-2% Positive read from LVMH numbers
LVMH +4-5% Q3 LFL sales +6% est +4%, driven by Fashion & Leather Goods
McCarthy +5-10% Reservations stronger, forward order book strong
Miners -1% Copper -0.15%, Brent -0.50%, Iron Ore +0.35%, China +0.25%
N Brown +2-3% H1 revs slightly ahead, comfortable with FY expectations
Qiagen -2-3% US peer Illumina fell 6% after hours post Q3 sales miss
Richemont -0.5% Negative read from LVMH numbers, Watches & Jewellery weak
Swatch -0.5% Negative read from LVMH numbers, Watches & Jewellery weak
Syngenta R ChemChina Likely to Be Approved by EC, Bloomberg
Tecan -1-2% US peer Illumina fell 6% after hours post Q3 sales miss
Ted Baker +1-2% H1 sales £259.5m vs cons 255m, outlook reads fine
Tryg +2-3% Profit before tax 12% ahead, good investment returns
UK Homebuilders +1-2% Positive read from McCarthy & Stone numbers
Unicredit M/P Amundi ready to offer EU4b for Unicredit’s Pioneer
Mainfirst
*LVMH-Q3 ORG 6%(4%),Total Rev Grth 9.14b(8.92),W&J lite,SI 1.25%......+4%
*LVMH-Q3 ORG 6%(4%),Total Rev Grth 9.14b(8.92),W&J lite,SI 1.25%......+4%
*LHA/AIR BERLIN-Still far apart on 40 jets deal-SZ....................U/C
*BSCH-Plans to sell UniBanco for €900-€100m...........................U/C
*FIAT-To build first plug-in Hybrid in Canada, agree Union deal........+0.25%
*ABB-Chief says tech spawning new bizz models for Power/Energy........-0.5%
*ENEL-To acquire Metroweb total share capital for €714m...............+0.25%
*SYNGENTA/CHEMCHINA-Likely to be approved by EC-Capital Forum.........+0.25%
*TRYG-Net DK732m(659),Combined Ratio 83.7%(84%),PT 923m(837)..........+1%
*BOSSARD-Q3 Sales 169.7m(168.5),Europe lite,US better, FY light........U/C
*SOLARWORLD-German renewables levy to rise 8% to 6.88cent/KWh in '17..+4%
*NORDED-German wind power expansion said to slow in north Germany.......-2%
*BPOST-Told to spend €600m to meet delivery targets...................-1%
Investec
UK
Investec
UK
* BP Marathon lawsuit o'night - broker buy note away, Brent lower o'night...unch
* GREAT PORTLAND ESTATES +ve lettings update, seeing continued momentum......+1%
* KELLER £60m contract win in Egypt, minor +ve.............................+0.5%
* MCARTHY&STONE +ve trading update & CFO to leave, stronger reservations.....+2%
* N BROWN H1 numbers ahead of forecasts, autumn/winter started well..........+3%
* PAGE GROUP cautious statement / outlook but maintains FY expectations......-1%
* RWS FY rev to be no less than £122mln & PBT to be no less than £30.5mln....+5%
* SHIRE PHARMA said to line up financing for Radius Health deal............-0.5%
* TED BAKER H1 PTP £21.5m, continues to perform well, confident on FY........+2%
* ULTRA ELECTRONICS BUY note out here and being pushed away..................+2%
* VICTREX improved & in line H2, sees consumer electronics lower in '17......-1%
EUROPE
* BPOST-told to spend €600k by regulator as delivery targets missed..........-1%
* ENEL- (finally) signs agreement for aqn of Metroweb for €714m..............U/C
* LUFTHANSA-Sep Traffic stats due
* LVMH-Q3 organic rev +6% vs est +4%, Fashion & Leather the big o/perform....+3%
* NORDEX-Germany to halve expansion of wind power in North(SZ)...............-3%
* PERNOD-slight cognac miss from LVMH, not too significant, comment follows....-1%
* SYNGENTA-ChemChina deal likely to be approved by EC(Capitol Forum).........+1%
* TRYG-Q3 ptp 10% ahead on investments beat, CR better at 83.7% (est 84%)....+2%
Other
* REAL ESTATE-Office first Immobilien postpones €1bn ipo.
* US co’s reporting : Alcoa
RBC
*AAL/AMS: +1% sale of non-core part of Amandelbult resource for approx. $72M.
*AAL/AMS: +1% sale of non-core part of Amandelbult resource for approx. $72M.
*BMW/DAIMLER: +1% positive China SEP car sales, GEELY +5%, GREAT WALL +2.9%.
*BPOST: -1% missed quality targets, forced to spend €600M v EBIT €500M.
*LVMH: +4% strong Q3 numbers, F&LG +5% organic, improvement in Asia.
*PAGE GROUP: +3% Q3 2.5% cons beat, Europe consistent, cost control & cash flow strong.
*SSAB: -1% US plate spot deals close to Jan lows, weak demand.
*TED BAKER: +2% H1 rev +14.4%, confident progress to FY, challenging trade conditions.
*TRYG: +2% Q3 results beat, claims ration down, pre-tax profit up.
*UK INSURERS: +1% Confused.com report says motor ins prices +3.5% in Q2.
Commerzbank
DAX Future -0.35% at 10586
DAX Future -0.35% at 10586
AB1 –1.0% And LHA still far apart on 40 jets lease deal
BOSS +0.5% Limited x-read from strong LVMH Q3
1COV –0.3% CBK raises PT to €57 (50) on increasing volumes
LHA +0.4% and AB1 still far apart on 40 jets lease deal
LO24 -1.6% Boosts 2016 outlook after 3Q revs rose 64.4% to €6.4mn
NDX1 –2.0% German wind power expansion said to slow in north of GER
QIA –2.3% Illumina -26% due to lower sales in Q3; no neg x-read for QIA
SWVK +6.7% GER renewables leva to rise 8% to 6.88 cent/kwh in 2017