RBC
*ADIDAS: +1% NIKE (-2.62%) on weak Q1 numbers after hours, taking market share.
*DBK: +1% BILD: CEO ruling out capital increase, state aid not an issue, sell Postbank.
*D. POST: 0% buy UK MAIL for 440p in cash/shares.
*KONE: -1% FY market & biz outlook unchanged, long-term drivers in China solid.
*NYRSTAR: +1% restart Middle Tennessee mines, full prod expected Nov 2017.
*SAINSBURYS: -1% Q2 retail sales ex fuel -1.1% v -1% estimates.
*SKY: +2% FT: reignites FOX interest in company.
*SMINS: +1% FY 16 results solid beat, rev +2%, underlying growth -2%.
*STAGE COACH: -3% trading update, LFL revs regional bus -1.9%, outlook uncertain.
*STEINHOFF: -1% issues 222M new shares, private placed @ last night's close.
*TUI: +3% summer & winter 2016 in line, rev +11% overall & bookings +5%.
*UKM: +30% DEUTSCHE POST to buy UK MAIL for 440p in cash/shares.
*VW: -1% suspended production for Q5 model on emission level test failure.
Macquarie
-AA- Revenue’s up 2.2%, Dividend 3.6p vs 3.5p. In line with expectations. +1%
-Mortgage Advice Bureau MAB1- Strong set of no’s, not seen any slowdown post Brexit. Current trading in line with expectations +5%
-Mysale MYSL-Strong FY16, Encouraging start in Financial year, performance ahead of expectations.+3%
-PZ Cussons PZC- Performance in line with views, group well placed to manage challenging conditions. Unch
-Royal Mail RMG- Read across from UKM Approach. +2%
-Smiths Grp SMIN- Significant headwinds impacted John Crane’s performance Group performance in 2017 will be weighted towards second half. -3-5%
-Stobart STOB- Mark Adams appointed CFO from November. Unch
-UK Mail UKM- Recommended offer from Deutsche Post 440p Cash. (vs 307.5p close) +40%
MainFirst
*DBK-Keeps target of selling Postbank. Rules out Capital Increase....+0.5%
*ADIDAS-Read across from Nike Orders miss, GM weak,F/Orders weak.....-0.5%
*VOLVO-CEO says co has solid plan for bus unit, Brexit s/impact......+0.5%
*KONE-Fin tgts, outlook unch, China l/t drivers ok, Performance gd.....+0.5%
*PROSEGUR-Considers IPO for Cash Management Unit, value €3bln........+0.5%
*STEINHOFF-To offer 100m new shares via ABB, Gross Proceeds 1.89b....-0.5%
*ORPEA-H1 Rev 1.38b(1.369),Net 75.5m(73.8),Reits FY guidance........+1%
*ZURICH INS-To cut agencies in Switzerland, Bilanz reports .........+0.5%
*LANXESS-CEO sees more acquisitions after Chemtura integration.......+0.75%
*HELLA-Sales 1.533b(1.565),Ebit 117m(115),Confirms FY guidance......+0.5%
*TUI-Raises 15/16 Underlying Ebita f/casts to 12-13% vs 10%.........+2%
*DEUT POST-To buy UK Mail for 440p a share close 307.5p(RMG -1%)....+0.25%
CS
AA -1% H1 Trading revenue 2.5% light, EPS 10.3 cons 11)
AA -1% H1 Trading revenue 2.5% light, EPS 10.3 cons 11)
Abb +0.5% Cevian reportedly met potential buyers for ABB Power Grids
Adidas -1-2% US peer Nike -4.2% after hours, weaker future orders
Hella +2-3% 4% revenue beat and 7% EBIT beat, confirms guidance
Kone M/P CMD, Guidance for 2016 is reiterated
Miners M/P Copper +0.30%, Brent +1.05%, Iron Ore +0.60%, China -0.22%
Oils +0.5% API stats showed -0.75 crude draw, OPEC and DOE today
Opera +1% 1H net 2% ahead, confirms FY goals
RBS -1% To pay $1.1bn to settle National Credit Union Admin claims
Sainsbury -1% Q2 Total ret sales ex fuel down 0.4% est flat
Smiths Group +1-2% Solid FY earnings with a 3.5% op profit beat
SSE M/P Trading statement inline with market expectations
Stagecoach -3-5% Bus passenger volumes weak,
Tui +2-3% Raising EBITA forecasts to 12%-13% from 10%
Ublox -2% CS DOWNGRADE to UNDERPERFORM (Margin headwinds)