ML
W. HILL - Potential 3 way merger with RANK & 888. PUSU 21 Aug 2016....+10-12%
RYANAIR - Relief with broadly inline print and reit of FY16/17 guidance.+7-8%
ERICSSON - CEO leaving, CFO becoming temp CEO until new candidate found.+3-5%
HISCOX - Strong, PBT £206m v £153m cons with benefit from FX £87.3m.......+3%
ABERDEEN - AUM £301bn, 3% ahead of BAML led by equities AUM 6% ahead.....+2%
ABC - Strong. Group revenue growth at 16% and RabMAb product revs ahead...+2%
PDL - Sales for FY16 +3% v BAML and +6% v cons. New prodn guidance ahead..+2%
HAMMERSON - NAV +2.4% (25% discount), LTV 40%, Divi +6.3% & EPS +5.1%...+1-2%
DUFRY - Small +ve. Renewed an agreement with Zurich Airport until 2028....+1%
MINERS - Copper +0.28%, Iron Ore +2.7% with BHP OZ -0.5%, RIO OZ -0.4%....u/c
INDIVIOR - BAML preview note. Litigation and RBP6000 PIII data in focus...u/c
PHILIPS - Improving execution (margins beat) & Cleveland performed well...u/c
LVMH - Sales of Donna Karan for an EV of $650m to G-III Apparel Group.-0.5-1%
CENTRICA - Negative. Head of CMA says supply margins should fall to 1.25%.-1%
CAIRN ENERGY - We DOWNGRADE to Underperform, taking our PO to GBp 150.....-3%
RANDGOLD - Prodn impacted at Tongon mine, FY16 guidance -5% at the mine...-3%
CS
888 +3-5% Rank Group, 888 Mulling Possible Joint Offer for Will Hill
Aberdeen -2% AuM £301.4bn vs CS ests £296.7b, however net outflows worse
Cranswick +1% No's slightly better and sold sandwich business
Dufry +1% Renewed an agreement with Zurich Airport until 2028
Ericsson +2-3% Hans Vestberg steps down as CEO
Hammerson +2% NAV Growth 2.4% 727 vs CS at 725, leases signed post BREXIT
Hiscox +1-2% No's beat, guidance inline but Brexit causing volatility
Julius Baer +1-2% 1H adj EPS CHF1.84b vs est CHF1.61b, CET1 15.9% vs tgt 11%
LVMH +0.5% Set to sell Donna Karan International for $650m to G-III
Miners UNCH Copper +0.45%, Brent +0.35%, Iron Ore +3.15%, China +0.34%
Oils UNCH U.S. rig count rose by 14 to 371
Philips UNCH Q2 adj EBITA 5% beat, sales 2% miss, maintains 2016 oultook
Randgold -2% Tongon mine down for 46 days during past quarter
RPC +1% CS initiate with OUTPERFORM (Earnings Growth)
Ryanair +5-7% No warning - Net income 256m vs cons 260m, held guidance
Sartorius +1% Sales slightly better, raise guidance
Weir +1% U.S. rig count rose by 14 to 371
Will Hill +7-10% Rank Group, 888 Mulling Possible Joint Offer for Will Hill
shore
HAMMERSON-H1 sdj pft 112.6m.Divi 10.1p."0 leases signed post referendum.....+1%
HISCOX-H1 ptp 206m.Brexit has caused volatility.Trading conditions tough....-2%
CRANSWICK-Q1 revs +11%.Sandwich biz sold to Greencore.Confident on fy.......+2%
WILLIAM HILL-Confirms highly prelim approach from 888.RANK consort........+15%
RYANAIR-Happpy to keep guidance even with downside risk....................UNCH
CITYFIBRE-Performance in H1 is in line with views..........................UNCH
ABCAM-Says no immediate impact on ops poset brexit vote.Grp revs+16%........+1%
ABERDEEN -Q3 AUM +2.9% q/q asset appreciation offset outflows £8.9bn ......-1%
HAMMERSON-H1 sdj pft 112.6m.Divi 10.1p."0 leases signed post referendum.....+1%
HISCOX-H1 ptp 206m.Brexit has caused volatility.Trading conditions tough....-2%
CRANSWICK-Q1 revs +11%.Sandwich biz sold to Greencore.Confident on fy.......+2%
WILLIAM HILL-Confirms highly prelim approach from 888.RANK consort........+15%
RYANAIR-Happpy to keep guidance even with downside risk....................UNCH
CITYFIBRE-Performance in H1 is in line with views..........................UNCH
ABCAM-Says no immediate impact on ops poset brexit vote.Grp revs+16%........+1%
ABERDEEN -Q3 AUM +2.9% q/q asset appreciation offset outflows £8.9bn ......-1%