MERRILL
* GALP - Amorim selling 5% stake @ EU 11.69/shr; SocGen sole bookrunner........
SVG - Offer update from Harbourvest. Has received other approaches (670p)..+3%
STATOIL - We UPGRADE to Buy, FV NOK 170 from 160. 30% upside potench (125.3)+1%
CAMPARI - We reinstate coverage with a BUY rating, PO of EUR 11.3 (9.7).....+1%
JOHN MENZIES - Buying ASIG from BBA for $202m. Plans a rights issue (598p)..+1%
DIAGEO - We reinstate coverage with a BUY rating, PO of 2450p (2129p).....+0.5%
PERNOD - We reinstate coverage with a BUY rating, PO of EUR 121 (103.7)...+0.5%
UNILEVER - Said to be in talks to buy Honest Co for over $1b; WSJ (3546.5p).u/c
LUFTHANSA - S&P moves to -ve outlook on weaker op performance '16 (10.675)..u/c
BBA - Sells ASIG biz to John Menzies for $202m. AISGs 15 EBITDA $31.9m (236)u/c
MINERS - Copper +0.1%, Iron Ore -0.5% with BHP OZ +0.55%, RIO OZ -0.8%....-0.5%
SAP - Read from Oracle, -3% AH on 4% EPS miss & lowering FY guide (78.4)..-0.5%
BASF - Named alongside Dow & others in $90b false claims act suit (€70.9)...-1%
GAS NAT - We DOWNGRADE to Underperform, taking PO to €16.5 from €20.7 (18.1)-1%
C.SUISSE - -ive read on D.Bank story around DOJ proposed settlement (13.1)..-2%
UBS - Negative read on D.Bank story around DOJ proposed settlement (13.5)...-2%
BARC - Negative read on D.Bank story around DOJ proposed settlement (165).-2-3%
RBS - Negative read on D.Bank story around DOJ proposed settlement (186.4)..-4%
ACACIA - Update outlines issue with Bulyanhulu. No change in FY16 guide(475)-5%
DEUTSCHE BANK - Doesn't see settlement near DOJ $14b proposed offer (12.4)..-5%
CS
Acacia mining -1% Operations update. Difficulties at Bulyanhulu
Deutsche Bank-5-7% DoJ seeks $14bn fine on mortgage backed securities sales
Dechra Phar unch Announced small acquisition of Apex Laboratories in Aus
Fiat Chry -1% Recalls 1.4m vehicles in US on airbag ans seatbelt issues
Grand City -1% CS D/G to N - M&A opportunities becoming more scarce
Miners M/P lagging in Oz, but a good bounce in the US, and EEM +1.7%
Post Italiane +1% Buying 14.8% of electronic payments co.
Renault -1% Russian govt discusses cutting state aid to autos