ML
* NN GROUP - ING sells 33m shs, priced at EUR 31, BAML, DBK, JPM and ING.....
EDF - Echos says may sell more than EUR 6bn in assets in 2016.............+1%
SSE/CNA - FT reports SSE CEO says CMA failed to prove overcharging claims.+1%
SOLVAY - Plans to sell Polyamide division, De Tijd says.................+0.5%
ING - Raises over $1bn in 33m NN share sale, still owns c 15%...........+0.5%
ALLIANZ - Pimco flagship fund posted $1.3bn inflow in Dec, 1st since '13+0.5%
GENEL - Says Taq Taq partners receives $30m gross from Kurdish gov........u/c
QINETIQ - Wins tiny contract in the US, worth c $16.5m....................u/c
DAIMLER - Should outperform broader autos as trucks better than exp.....-0.5%
LAFARGEHOLCIM - Resubmits plan to dispose of Indian assets after hiccup.-0.5%
SWISS RE - To buy stop loss business of IHC, AMIC for $152.5m...........-0.5%
AUTOS - US SAAR came in at 17.47m vehicles v 18m MLe, disappointing.......-1%
BURBERRY - We expect SSSG to miss guidance, MLe -3% vs cons at +2%......-1-2%
DLG/ARM - AAPL closed -2.5% post headlines re30% cut to iPhone output...-1-2%
MINERS - CNY deval a headwind, iron ore lower again, weak in Oz...........-3%
Shore
TOPPS TILES - good start to year,Q1 LfL sales +4.4%.........................+1%
COSTAIN - performing well,order book increased to £3.9bn,FY seen inline....UNCH
JOHNSON SERVICE - FY results to be inline with expec and ahead of prev yr...+1%
GULF KEYSTONE - receives payment of $15m from Ministry of Natural Resources.+2%
RANDALL&QUILTER - Acquisition of FNF Title Insurance Company...............UNCH
PLUS500 - Resumes onboarding activity of new customers today................+1%
FLOWGROUP - Sees full year results in line with estimates..................UNCH
STAFFLINE - Confirms FY profit to be in line with market views.............UNCH
RETAILERS - good Christmas update from John Lewis, grp sales +4.1%..........+1%
VERNALIS - names licensee for its Antagonist program.......................UNCH
Investec
* DIALOG-Apple & suppliers lower n/night,Nikkei report of iPhone prodn cut...-3%
* EDF-may sell more than €6bn in assets in 2016 (Echos)......................U/C
* LVMH-to merge PE arm with Catterton........................................-1%
* SOLVAY-plans to sell Polyamide division (De Tijd)........................+0.5%
* SWISS RE-buys Stop Loss business for $152m, will add to 2016 engs..........U/C
Other
* NN GROUP- ING selling 33m shares at €31, stake falls to 16.2% from 25.8%
* US Co’s reporting: Monsanto
* Austria, Finland, Sweden closed.
Research
* CTT-we reit Add, TP €9.10 from €10.00. Note out and estimates updated.
* ARM-seen cutting iphone production by ~30% (Nikkei story)..................-1%
* CARD FACTORY-Karen Hubbard to suceed Hayes as CEO, says trading in line....+1%
* CAPE-annouces JV with OLIO resources for Malaysian market................unch
* CENTRAL ASIAN METALS-solid production but results trimmed..................-5%
* COSTAIN - in line trading update - sees FY in line........................unch
* FLOW GRP-Update.Trading in line, expects to meet FY exp's.................unch
* JOHNSON SERVICE GROUP - +ve trading update - says trading in line..........+1%
* ROYAL MAIL- FT artcile talking growth in parcel delivery due to online.....+1%
* TOPPS TILES- +ve start to NY with lfl +4.4% in Q1, confident in FY........unch
* 7DIGITAL- Proposed acq's of Snowite.Sml but looks a v good fit.............+1%
* DIALOG-Apple & suppliers lower n/night,Nikkei report of iPhone prodn cut...-3%
* EDF-may sell more than €6bn in assets in 2016 (Echos)......................U/C
* LVMH-to merge PE arm with Catterton........................................-1%
* SOLVAY-plans to sell Polyamide division (De Tijd)........................+0.5%
* SWISS RE-buys Stop Loss business for $152m, will add to 2016 engs..........U/C
Other
* NN GROUP- ING selling 33m shares at €31, stake falls to 16.2% from 25.8%
* US Co’s reporting: Monsanto
* Austria, Finland, Sweden closed.
Research
* CTT-we reit Add, TP €9.10 from €10.00. Note out and estimates updated.
* ARM-seen cutting iphone production by ~30% (Nikkei story)..................-1%
* CARD FACTORY-Karen Hubbard to suceed Hayes as CEO, says trading in line....+1%
* CAPE-annouces JV with OLIO resources for Malaysian market................unch
* CENTRAL ASIAN METALS-solid production but results trimmed..................-5%
* COSTAIN - in line trading update - sees FY in line........................unch
* FLOW GRP-Update.Trading in line, expects to meet FY exp's.................unch
* JOHNSON SERVICE GROUP - +ve trading update - says trading in line..........+1%
* ROYAL MAIL- FT artcile talking growth in parcel delivery due to online.....+1%
* TOPPS TILES- +ve start to NY with lfl +4.4% in Q1, confident in FY........unch
* 7DIGITAL- Proposed acq's of Snowite.Sml but looks a v good fit.............+1%
CS
Adidas UNCH Peer Li Ning said it expects to breakeven in 2015
AMS -1-2% Spec Apple may cut Iphone 6 production
Arm -1% ADR 1.2% weaker, Spec Apple may cut Iphone 6 production
Card Factory M/P New CEO, trading over Christmas period has been inline
Dialog Semi -3% Spec Apple may cut Iphone 6 production
Euronext M/P Average daily vol in December in line with CS estimates
Miners -2% Copper -0.25%, Brent +0.20%, Iron Ore -1.10%, China +1.70%
SLM Sol +1-2% Company exceeds revenue target for 2015
Sligro Foods UNCH 2015 revs rise 3.8% to EU2.67b vs cons EU2.68b
Solvay +0.5% Plans to sell Polyamide division (De Tijd/Bloomberg)
Topps Tiles M/P 1Q LFL sales +4.4%, encouraging start to full year
MF
*EDF-May sell more than €6b in assets in 2016 - Les Echos..........+0.5%
*SWISS RE-IHC,AMIC to sell stop loss bizz to Swiss Re $152.5m......U/C
*SOLVAY-Plans to sell Polyamide Division says De Tijd..............+1%
*LVMH-To combine PE Unit L Capital with Catterton,exp debt lower...U/C
*LAFARGE-Submits revised plan to exit India Ops - Standard.........+0.5%
*DBK-Sees IB Revs -20% in '15 vs -8% for the overall mkt-Press.....-1.3%
*DIALOG-Apple expected to cut iPhone 6S, 6S Plus production........-2%
*TUI-Press says Kuoni deal could make Hotelbeds deal easier........+0.5%
*ALLIANZ-Pimco posted first net inflow of $1.3bn in December.......+0.5%