CS:
Aalberts +2% 1H revs 1.27bln vs cons 1.3b
AB Inbev R SAB has told employees to stop working on integrating ops
Acerinox +3-5% Q2 EBITDA at €79m CSe €65m, guidance positive
Accor -3-5% H1 EBIT 8% below consensus
Anglos +4-5% Net Debt better, EBITDA 8% beat
Aperam +2% Q2 numbers and guidance inline, conf call upbeat
AstraZeneca M/P Q2 Rev $5.6b est $5.58b, guidance unchanged
BAE Systems +1-2% H1 Sales GBP 8.71bln, EPS 17.4p, no impact from Brexit yet
BHP Billiton UNCH BHP and Vale SA will book charges totaling more than $2b
BNP Paribas +2-3% Q2 Net at 2.56b consensus 2.21b, CET1 11.1% from 11%
Bodycote -1% Revs 291mln CS at 293.1mln, outlook slightly cautious
BATS M/P H1 rev 6.7b vs 6.65b cons, raises dividend
BT Group +1-2% No's slightly better, on track for full year
Bureau Veri M/P No's inline, weaker cash generation, guidance at low end
Carrefour +1% 1H recurring operating income beats estimates
Centrica +0.5% EPS 9.8p (cons. 9.3p), guidance maintained
Clariant UNCH H1 sales inline, confirms outlook
Compass Grp -1-2% FY expectations inline, but organic growth a little light
Countrywide -3% Co saying they will not meet last years EBITDA
Danone +1-2% Q2 LFL sales growth 4.1% est 3.7%, confirms targets
Diageo -1% Earnings 1% ahead of the market
Dialog Semi -10% Cuts 2016 Rev growth on smartphone demand
Domino Pizza +2-3% 4% ebit beat and UK lfl is +10.9%
Endesa +1% H1 EBITDA 4% ahead of cons, guidance for 2016 confirmed
Ericsson -1% Only parts of Sprint deal renewed
Euronext +3-5% 2Q revs 7% beat, EBITDA 15% beat
Gamesa +3-4% Raises 2016 EBIT guidance
GEA Group -1-2% Revenues 1% beat, 2% orders beat, confirms FY
Grenke +2-3% Net profit 10% ahead, guidance raised slightly
Henderson -1-2% AUM inline, EPS1 of 7.1p (CSe 7.6p)
Hochtief M/P H1 inline and guidance reiterated
Informa M/P H1 Rev GBP 648mln est GBP 644mln, confident on FY
Inchcape +1-2% Revs slightly ahead, new buyback announced
Intu +2-3% EPS 7.5 vs CS 6.8p, See's FY net rental growth 3-4% vs 2-3%
JCDecaux M/P 1H Rev. Matches Est; Says Strong Performance Across Co
Just Eat +3-5% UK orders in line, guidance raised. SI ~5.5%
Linde UNCH 2Q revs 4.3bln vs cons 4.32bln, reiterated guidance
Lloyds -1-2% Revenues and costs inline but impairments lower
Logitech +5-7% Q1 revs 10% beat, op income 46% beat, guidance raised
Maersk +1% CS upgrade to OUTPERFORM (Risk/reward skewed to upside)
Melrose M/P Brush performing inline, all about the recent acquisition
Merlin Ent -2-3% EBITDA 2% light, Legoland disappointing
Miners +1% Copper +0.80%, Brent -0.85%, Iron Ore +1.30%, China -0.51%
Moncler +2-3% H1 revenues 1% beat, H1 sales +17% on constant FX basis
Nat Express UNCH Revs 1.1bln cons 1.04bln, on track for FY
Neste Oil +5-7% Strong beat 282mn comparable ebit v 200mn consensus
Nexans +7-10% 20% EBIT beat, better cost savings
Nos +1% Revs +0.6% vs cons and EBITDA +1.8% vs cons
Nordex +3-5% H1 sales ahead €1.5bn vs cons €1.17b
Ontex +1-2% 2Q Revs 510.2m vs cons 503.8m
Red Elec M/P Numbers inline with market expectations
Repsol +1% Results in line with company collected consensus
RELX +2-3% GBP200mln of share buybacks in remainder of 2016
RentokiL -1-2% Pre-tax 3% ahead but they maintain FY
Renault +2-3% 8% earnings beat and strong on cash flow
Rolls-Royce +3-4% H1 Adj rev GBP 6.14b est GBP 6.12b, outlook unchanged
Royal Dutch -5% EBIT of $1.36bn vs consensus of $2.36bn
SAB Miller R Has told employees to stop working on integrating ops
Sanofi +0.5% Gets FDA approval for Adlyxin for type diabetes
Schneider +2-3% H1 EBITA 1% beat, Revs 3% miss, margins better
Siltronic +1-2% Q2 revenues and gross margin slightly better
Sky +1% Fy adj GBP 11.97bln est GBP 11.8bln. 808,000 new customers
S&N -1% Q2 Rev $1.19bln est $1.2bln.
Suez UNCH EBIT 4% beat, underlying numbers inline
Subsea +5-10% Solid margin performance, 50% EBITDA beat
Technip +2-3% Revs inline, 20% operating beat, guidance at top end
Telenet +1-2% Revs 1% ahead, EBITDA 2% beat
Telefonica M/P Q2 Rev EU 12.7bln est EU 12.6bln
Total +2-3% Solid beat, $2.2bn v $1.9bn cons
Thom Cook +2-3% No's inline, guiding for FY EBIT of £300m vs cons £309m
UCB +2-3% Revs inline, EBITDA €549m, cons €516m, maintain guidance
Veolia +0.5% EU3.3b contract with Sinopec to set up JV
Verbund M/P Adj EBITDA 450mn vs consnesus 448mn
Weir +1-2% Revs slightly light, margin beat, CEO stepping down
JPM:
AAL Op profit 26% ahead vs cons (prior to prodn to report) +3%
ACCOR FY16e guidance is 3% below consensus at the mid-point -2%
ADR moves BUD & SAB -2% vs EU close.
AZN Core EPS touch ahead vs cons. Quality suspect. Reits outlook +1%
BATS EBIT miss rather than EPS beat likely to be the focus -2%
BNP PBT 17% ahead vs cons.Quality suspect -driven by corp center/CIB+3%
BVI FP Rev set be at low end for FY -2%
CARREFOUR EBIT 3% beat vs cons due to better margins. 11% short base +3%
CENTRICA Fine. Weakness in US&more customer losses offset by cost cutting+2%
CLARIANT EBITDA 1% below consensus .. Guidance maintained unch
COMPASS Org growth& margins better vs JPMe.No more buyback => disappoint-2%
CSGN Capital better at 11.8% vs JPMe 11.4% +4%
DANONE Q2 LFL ahead, H1 EBIT 4% beat vs cons. Guidance unch +2%
DIAGEO Inline, within the mix US better vs cons unch
DIALOG Warning. FY guidance lowered to rev decline of ~15% -7%
EURONEXT EPS c10% ahead of cons +2%
HENDERSON Earnings in-line but focus expected on Q2 weaker net outflows -3%
INTU increased FY rental growth to 3-4% v 2-3% +1%
IPSEN Solid topline with lower opex and lower tax rate than exp +3%
ITRK/ SGS Neg read from BVI guidance -1%
JERONIMO Q2 sales/EBITDA beat cons by 3%/4%. LFL +7% vs JPM at +3% +2%
JUST EAT Revs/EBITDA ahead vs JPME. +4% increase in FY 16 EBITDA guid +5%
LINDE Top line miss offset by better margins unch
LLOYDS CT1 and interim DPS light vs cons. Outlook -2%
LOGITECH Q1 EPS 20c cons 12c, Op income $38m JPMe 31m +2%
MERLIN LFL miss vs cons. H2 outlook subdued -4%
MONCLER Adj EBITDA beats cons by 2%. Cost control better than exp +2%
NEXANS Adj EBIT beat consensus by 24%. All divisions ahead +4%
NOS EBITDA/Rev 1.8%/0.6% ahead vs cons. Capex inline. KPIs mixed +1%
ONTEX Broadly inline on top line & margins. EPS beat 0.89 vs JPMe0.82 +2%
R. ELECTRICA EBITDA 0.3% above JPMe, NI 00.7% below JPMe. unch
RELX H1 Org Rev growth +4% vs cons +3%. Rev +3% vs JPMe. +2%
RENAULT EBIT 15% ahead cons, group op profit 10% ahead of exp. +2%
RENTOKIL H1 PBT 3% ahead of company cons. +2%
ROLLS ROYCE H1 16 EPS of +4.2p vs cons -1.7p, big beat. +3%
SCHNEIDER Upgrades FY guidance after H1 margin beat vs cons. +2%
SCHRODERS Earnings beat reflects higher AUM due to FX benefit. +1%
SMITH & NEPH Guidance down for FY, H1 results lower end of cons. -3%
SOPHOS Q1 17 beats cons, significant cash generation. +4%
SUEZ Op miss vs JPMe & cons. Bottom line broadly inline. -1%
TECHNIP Q2 sales, margins, EBIT, cash beat vs cons,outlook cautious. +2%
TL5 Q2 revs inline JPMe/cons. NI beat vs JPMe/cons (+13%/10%). +1%
WEIR GROUP Stanton appointed CEO, FY guidance unchanged. +1%
Mainfirst:
*BNP-Net 2.56b(2.21),Rev 11.3b(11),CET1 11.1%,FIC +17%,Eqty -19%.....+3%
*CS-Net 170m(-178),Rev 5.47b(5.36),CET1 11.8%,AUM 1218.4bln..........+3.5%
*GAMESA-Ebit 230m(221),Raises Ebit guidance aT least 430m(405.5).....+4%
*IMERYS-H1 Rev 2.1b(2.13),Net 158.1m(163),OP 293m(289.5).............+1%
*ACCOR-Rev 2.6b(2.59),Ebit 239m(260),France -2.%,Paris-12%...........-3%
*MONCLER-Rev 346.5m(343.9),Ebitda 78.3m(79.1),Ebit 59m(58.4).........+2%
*TELEPERFORMANCE-H1 Rev 1.69b(1.69),Confirms 2016 Targets............U/C
*SAIPEM-Q2 Rev 2.44b(2.67),Sees FY Rev about 10.5b(10.74)............-1%
*LOGITECH-Sales 480m(433.8),Inc 38m(24.4),EPS 20c(12),SI 15%.........+4.5%
*TELEFONICA-Rev 12.7b(12.6),Net 693m(701),OIBDA 3.92b(3.9)...........U/C
*DIALOG SEMI-Sees 2016 Rev -15%(8),,Q3 Rev 290m-320m(303.4)..........-10%
*UCB-Rev 2.02b(2.04),Ebitda 549m(516),Net 300m(246),FY unch..........+1%
*CLARIANT-Sales 1.42b(1.44),Ebitda 215m(216.3),confirms o/lk.........-2%
*TECHNIP-NI 123.3m(141.1),Ebitda 324.4m(293.8),Raises FY view........+2%
*JC DECAUX-H1 Rev 1.62b(1.62),OG 3.4%(3.6),Q3 looks weak.............-2%
*SCHNEIDER ELEC-Upgrades FY targets,H1 NI 809m,Rev 11.8b(12.3).......+2%
*RED ELECTRICA-Ebitda 754.4m(752.8),Net 323.5m(323),Rev 968.2m(974)..+1%
*DANONE-H1 Op Inc 1.48b(1.43),Q2 LFL Sales Grth 4.1%(3.7),o/lk ok....+2%
*EURONEXT-Q2 Rev 132.3m(124.5),Ebitda 77.7m(66.83),EPS 71c(60).......+2%
*RENAULT-OP 1.54b(1.44),Rev 25.2b(24.9),FCF 381m,Reits f/casts.......+2%
*DB1-Rev 601m(605),Ebit 325.6m(312),Net 218.5m(182),FY confirmed.....U/C
*GEA-Q2 Sales 1.16b(1.17),Ebitda 145.2m(146),Ebitda Margin 12.6%.....-1.5%
*GRENKE-Net 27.1m(23.55),Raising FY Net 98-102m(93-98)...............+1.5%
*HOCHTIEF-Pft 140m(108),Rev 9.37b(10.8),Margin 5.9%,FY confirmed.....+2%
*LINDE-Rev 4.298b(4.2),Ebit 562m(544),PT 468m(460),Net 354m(323).....-1%
*SILTRONIC-Sales 229.6m(221),Ebit 6m(2),Ebitda 35.1m(34.6),o/l mixed.+3%
*TAKKT-Sales 280.4m(276),Ebit 41.1m(31.8),Ebitda 48.1m(39.5),FY ok...+0.5%
*WACKER CHEMIE-Finals Q2 1.39b(1.4),FCF 126m,outlook looks ok........+1%
*WIRECARD-Prelims Rev 240.2m(239),Ebitda 70.2m(70),Finals 17/8.......+1%
*TOTAL-Net Inc 2.2b(1.82),Keeps Div 61c,OP Inc upstream 1.13b........+1%
*ADIDAS-Rev 4.4b(4.42),Net Op +35%-39% had seen +25%.................+4%
ShoreCap:
CENTRICA - H1 Revs 13%,oper.pft -12% £853m,on track for 2016 targets........+1%
RYL DUTCH - CCS earnings -87%,bearish outlook on impacts for Q3.............-2%
JD SPORTS - sees FY PBT in upper half of range,buyback approved.............+1%
BODYCOTE - demand in industrial markets softer then expec,not seen improving-1%
DOMINO'S PIZZA - sales +17% LfL +10.9%,oper.pft +20.6%,well placed for H2...+2%
WEIR GRP - H1 ahead of expec,minerals unit strong,FY g'dance unch...........+2%
MERLIN - revs +5.3% LfL -1.1%,PBT +0.9%,cautious nr term outlook,FY inline..-2%
COMPASS - Q3 rev growth 5.2%.£700m rev gain from FX.Fy expectations unch....+1%
BAE - Sees eps about 5-10% higher than 2015.Divi 8.6p.......................+2%
LLOYDS - H1 ptp 4.16b(Est4.06b).Divi 0.85p.To close 2k branches.............+1%
ROLLS-ROYCE - H1 ptp 104m.sees '16 constant ccy revs marginally lower y/y...-1%
DIAGEO - Fy sales in line with estimates.Confident on fy targets............+1%
BATS - H1 pft 2.45b(est2.49b).Divi in line.Market share grew 30bps..........-1%
THOMAS COOK - Q3 in line.Now sees Fy adj ebit about £300m(Had seen 310-335).-4%
SPECTRIS - H1 lfl sales -3.4%.Sees overall 2016 outcome unchanged...........-2%
INCHCAPE - H1 sales +11%.Divi 7p.Plans 100m share buyback...................+2%
RENTOKIL - H1 ptp+14.4%.Divi +13.8%.Says fy expectations unchanged.........UNCH
BT - in line with f'casts Openreach proposals to continue, FY on track.....UNCH
ANGLOS - H1 sales a beat due to cost cutting , disposals £1.5bn agreed H2..UNCH
SCHRODERS - AUM £343bn divi maintained sees impact on investor demand.......-1%
JUST EAT - active users +45% is raising 2016 outlook........................+2%
SMITH & NEPHEW - all in line outlook statement positive.....................+1%
NATIONAL EXPRESS - in line US performing well...............................+1%