TheChek News Flow

AEGON +2% 3B annuity sale to Legals

AIXTRON +15% receives 6 EURO share offer from Grand Chip Investment

BAYER -2% offers to buy Monsanto for $122/share in cash

BATS/IMP -1% AXA announcement that the insurer will stop investing in tobacco

FIAT -2% allegations of illegal software usage to cheat emissions tests

M&S -1% shareholder urge retailer to sell under-used stores

MITIE +1% profit ahead est, revenue small miss, outlook remains positive

NOVARTIS +1% Entresto given Class 1 recommendation in both EU & US.

RANSTAD +1% to acquire Obiettivo Lavoro, enterprise value of 102.5M EUROS

RYANAIR 0% profits down 1.24B EUROS vs 1.25B EUROS consensus

SKY +1% in partnership talks to engage in O2 bid battle

JPM:
APPLE SUPPLY Reports re: Apple requesting supply chain for 72-78m units. +5%

BARCLAYS FT reports SA Public Investment Corp may take BGA stake. +1%

BAYER Offers to buy Monsanto for $122/shr in cash. -1%

LEGAL & GEN LGEN acquiring £3bn of annuitites from Aegon. +1%

MINERS Commods retrace, Asia weak - led by iron ore (-6%) -3%

NOVARTIS Positive recommendation in the US for Entresto. +2%

RYANAIR FY16 NI slight miss, FY17 guidance implies fare downside. -1%

TOBACCO'S AXA announce they are to sell Tobacco holding. -0.5%

ZALANDO Will now distribute part of Top Shop franchise in UK. +2%


ML:
AIXTRON - Gets EU 6.00/shr offer from Fujian Grand Chip Investment.......+20%

L&G - Buys £3bn annuity portfolio from Aegon & completion of US trans...+1-2%

DIALOG - Apple requesting 10% more units of iPhone 7 than mkt expected....+1%

ARM - Apple requesting 10% more units of iPhone 7 than mkt expected.......+1%

RANDSTAD - Small acquisition of privately owned staffer Obiettivo Lavoro..+1%

NORDEX - Beat. EBITDA €59m v €53m cons & EBITDA margin ahead at 9.3%......+1%

UNICREDIT - CEO may resign as early as Tuesday according to La Stampa.....+1%

SUBSEA - Wind farm contract is over $1bn in value, worth c.15% of backlog.+1%

BT - Chairman Michael Rake set to step down in 2017; Sunday Times & FT....u/c

BILFINGER - May announce the sale of its building & real estate division..u/c

NOKIA - To cut c.1000 jobs in Finland after completing union talks; DPA...u/c

SKY - In partnership talks with PE groups engaged in £9B O2 bid battle....u/c

NORDEA - Sees additional costs of cEUR 200m/yr from resolution fund.....-0.5%

UK MINERS - Copper -0.26%, Iron Ore -1% with BHP OZ -2.4%, RIO OZ -2.1%...-1%

MITIE - Inline on P&L, cash a bit light. EBITA £128.9m v £128m cons.......-1%

RYANAIR - Profit aft tax -70bps v cons, cautious (as expected) outlook..-1-2%

AIXTRON +20% Gets €6/share offer from Fujian Grand Chip Invest
AEGON +1% L&G bought £3b annuity portfolio
AMS +1% Apple asks suppliers to prep for 72-8m new iphone7
BAYER R Offers to Buy Monsanato (CS RESTRICTED)
BILFINGER M/P May announce sale of building & real estate services
DIALOG SEMI +1% Apple asks suppliers to prep for 72-8m new iphone7
ICAP -2% CS downgrade to Neutral
IMG +1% Apple asks suppliers to pre for 72-8m new iphone7
MINERS -1/2% Brent -70bps,Iron Ore fut -1%, Rebar -4%
MITIE +2% No's ok; operating profit 128.9m vs cons 128m
NOVARTIS +1/2% Entresto (heart disease) receives class 1 recomm}
NORDEX +1% No's better EBITDA 59m vs cons 52
RYANAIR -1/2% Outlook small light - see FY 5% miss @ mid-point
SSE -1/2% To build £2.6b wind farm but d/g away
TELIT COMMS +1/2% Software licence agreement announced
UNICREDIT +1% More press on imminent management change
ZUMTOBEL +2/3 Positive read across from Aixtron offer

Shore
MITIE - rev -1.8% £2.2m,PBT +133%,order book strong,82% budgeted revs secured+1%
RYANAIR - rev +16%,profit +43%,2% better booked for summer but at lower fares-2%
CERILLION - revs +11% £6.9m,new orders +50%,PBT +19%,sees FY inline.........UNCH
4D PHARMA - IBS treatment achieved trial objectives.........................UNCH
LEGAL&GENERAL - Bought £3b Annuity portfolio from Aegon......................+1%
TISSUE REGENIX - Confident to deliver in line with forecasts 2017...........UNCH
TRIBAL - Views for 2016 and beyong remains unchanged........................UNCH
GVC - signs 10-yr platform licence deal with Betfred.........................+2%
AUREUS - targets recommencement of ops at New Liberty within next 2 weeks..+tive

*RYANAIR-Net 1.24b(1.28),Rev 6.54b(6.55),FY17 Net below Cons........+1%