ML
* NN GROUP - Clean up. ING selling 45.7m shrs @ EUR 30.15; CS/ING/JPM/UBS....
* ELIS - Eurozeo's LH27 selling 17.1m shrs (will own 23.47% stake); DB.......
* GLOBAL DOMINION ACCESS - Primary of $170m; JPM/SG/Santander................
BILFINGER - Confirms in talks with Blades from Linde to become new CEO.......
MITTAL - Spec to be in talks on merger with ThyssenKrupp; Handelsblatt..+3-5%
FAURECIA - Solid. Org growth 4.6% v BAML 3.5%. FY guide looks conservative+2%
OVS - 4% net income beat vs BAML est, div of EUR 0.15 is encouraging......+2%
ELISA - Rev inline at €390M. EBITDA 2.5% ahead at €137M. Guidance reit..+1-2%
MAN GROUP - 3% beat. Strong AHL flows and a not so bad perf from GLG....+1-2%
EDF - Co preparing EUR 18bn of cost savings according to Le Figaro........+1%
STMICROELECTRONICS - Said to seek successor to CEO Carlo Bozotti..........+1%
CREDIT SUISSE - Partial RMBS settlement but bigger charges still to come..u/c
THYSSEN - Said to be talking with Tata Steel, Salzgitter and Mittal.......u/c
MEDA - Mylan convinced 90% of Meda shareholders will accept bid; DI.......u/c
CARREFOUR - Q1 sales slight beat. Soft in France, strong international....u/c
VOLKSWAGEN - 1Q EU market share drops to 23.4%, lowest level since 2011...-1%
EDENRED - 1Q16 sales 2% miss. FY16 guidance reit at lower end of 8-14% tgt-2%
CS Indications:
Burberry M/P Luxury fashion retailer's shares look cheap, Lex article
Carrefour UNCH Sales beats estimates, China better
Comhem -2% Jon James Resigns as COO
Draegerwerk -4-5% 1Q order intake declined 2.5%, Net sales decline 2.4%
Edenred -2% Pressures remain in Q1 but FY guidance re-iterated
Elisa +3-4% 3% beat at EBITDA, guidance reads fine
Faurecia UNCH Numbers mixed, maintain cautious view
Gemalto -1-2% CS reiterate UNDERPERFORM (Risk to guidance)
H&M M/P March Sales Increased 2%
Man Group +1-2% AUM $78.6b (CSe $79b, cons $78.5b).
Miners -0.5% Copper -0.15%, Brent -0.85%, Iron Ore -0.95%, China -0.30%
Mittal +3% ThyssenKrupp/MT/SZG, merger spec, Handelsblatt
OVS +1-2% Sales known, gross margin ok, Outlook for 2016 upbeat
Saltzgitter +2-3% ThyssenKrupp/MT/SZG, merger spec, Handelsblatt
Thyssen +2% ThyssenKrupp/MT/SZG, merger spec, Handelsblatt
Zumtobel -7-8% Lowers forecasts, unsatisfactory March and weak April
MainFirst Pre Mkt Indications
*THYSSEN-Looking to merge with comp,spoken 2 Tata,Salzgitter,MT.....-1%
*CARREFOUR-Sales 20.1b(20),French Sales 9.335b(9.38),C/C 8.30.......U/C
*UNICREDIT-To place up to €1b or 20% of fund in Atlante - CEO.......+1%
*ZUMTOBEL-Sees Adj Ebit 55-60m vs prev 70-80m,Orders April weak.....-10%
*ELISA-Rev 390m(390.5),Ebitda 137m(133.5),EPS 39c(37c),o/l flat.....+2%
*STM-To seek successor to CEO Bozotti,we see this as a +ve..........+0.5%
*DRAGERWERK-Q1 Sales -2.4% 532.4m,Ebit -16m,Exp 5-10% EPS d/g FY....-6%
*FAURECIA-Q1 Rev €4.66b,FY Cash Flow 300m,Op Margin +20-60bp's......-2%
*EDENRED-Q1 Rev 249m,Issue Vol +7.4% LFL,FX -ve impact from Latam...+2%
*H&M-March Total Sales +2%,already known............................U/C
*VW-Q1 European market share drops to 23.4%,lowest since 2011.......+0.25%
*MAN GRP-Net inflows $0.5b,Sales $5.1b,Redemptions $4.6b............+2%
Shore call
ACAL - sales +6%,margins continue to be strong,sees FY slight better then est+3%
MAN GROUP - FuM stable at $78.6bn,positive net inflows.......................+2%
POLYMETAL - gold production -4% yr-on-yr,net debt increased..................-1%
BEGBIES - number of manufacturers in distress +20% on prev yr...............UNCH
FAIRFX - revs +35.7%,profits +31.8%,pre-tax loss widens,sees FY inline......UNCH
VICTORIA - ceased discussions re potential acquisition of Lano Carpets......UNCH