CS:
Amec M/P Awarded FEED contract by Kuwait Oil Company -no financials
Autoliv -2% KKR said to seek control of Takata (Takata could survive)
Balfour UNCH Awarded contract for M20 lorry area - worth £120m
B&M +2-3% Pre-tax profit 2% beat, EBITDA 2% beat, special divi of 10p
Bureau Veri -0.5% CFO Sami Badarani to leave, replaced by Nicolas Tissot
Daily Mail -3-4% Company now see DMG op margin at 10% from 13%
Debenhams +1-2% Names Amazon's Sergio Bucher as CEO
Evolva +2-3% Receives patent for Steviol Glycosides
Inchcape +2% Peformance inline with co expectations
Miners +0.5% Copper +0.65%, Brent +1.75%, Iron Ore +0.45%, China -0.92%
Oils +0.5% WTI +1.8% vs Europe close and Brent trades above $50
NN Group UNCH Q1 operating 2% light, launching a Eu0.5bn buyback
Pets at home -2% Numbers inline but margins a touch negative
QinetiQ M/P Revs slightly light, FY17 remain unchanged
Sanofi M/P Wins FDA Panel’s Backing for Once-Daily Diabetes Combo
Seadrill +1-2% Q1 Revs inline, EBITDA 14% ahead
Tate & Lyle +1-2% PBT 193m adjusted vs 190m, confident on progress
United Utils UNCH EBIT inline, EPS at 47.7p consensus at 48.4p
JPM:
BANCO POP Capital raise of EU2.51bn. EU1.25/shr price for each sh. -10%
BME Prelim results, bang in line, will pay special div in July. +3%
DMGT Op margin c.10%, guided to c.113%, div slightly lower. -2%
INCHCAPE Good start, expects to deliver constant performance in 2016 +1%
NN Buyback EUR500m vs JPMe 250m. Dutch life well ahead. +2%
SOPHOS Very strong performance, LFL billings +20% YoY. +3%
SPAN BANKS POP raise will read to the sector. -2%
TATE FY16 op profit 2% below, PBT ahead. EPS above. unch
UU's Revenues, EPS in line unch
Numis:
* B&M EUROPEAN +1%; Numbers bang in line with a £100m special divi announced.
* BALFOUR BEATTY mkt; M20 contract award.
* BENCHMARK +1%; Update in-line, development pipeline is progressing well, confident outlook.
* CLIPPER unch; Trading inline, full roll out of John Lewis collaboration, no change to #’s, we go to HOLD fm BUY target remains 290p.
* DMGT -2%; Mixed statement, advertising remains challenging in the 8wks to May 22nd.
* FOXTONS mkt; New CFO.
* HOSTELWORLD -5%; Q2 trading below expectations due to geo-political events.
* IBSTOCK -2%; TU good trading momentum in to '16, FY expectations broadly unch.
* IMAGINATION TECH -2%; Takes £50m exceptional, underlying trading inline, Heath appointed CEO.
* INCHCAPE +1%; Strong revenue performance and confident on outlook.
* LONDONMETRIC mkt; Development site acqn in Crawley.
* PAN AFRICAN RESOURCES +5%; Acquisition & placing of 111m shares @ 14.25p, (£16m) @ 5% premium to last night close.
* PAYPOINT -1%; Net revenue in line.
* POWERFLUTE unch; Update & AGM all in line.
* QINETIQ -2%; Top line miss but bottom line as expected. Markets remain challenging. Outlook unch.
* SOPHOS +3%; Headline numbers strong, confident outlook.
* STOBART mkt; Completion of disposal of investment property for £37m.
* TATE & LYLE +1%; Finals in-line, small beat on PBT £193m V £191m est. margin expansion in both divisions, confident outlook.
* UNITED UTILITIES -1%; Revenue was £1,730m,underlying operating profit was £604m, lower than last year (£664m) as expected.
* VECTURA +2%; Numbers small beat. Advate patent loss as expected. CFO to step down post merger.
Shore
ASOS - co-founder sells 1.3m shares @ 3525p to cover divorce settlement....UNCH
TATE & LYLE - sales +1% £2.35bn,PBT +5% £193m,restructure cost below f'cast.+2%
DEBENHAMS - announces Sergio Bucher as new ceo, ex VP of Amazon Europe.....UNCH
DAILY MAIL - revs -1%,oper.pft -12%,lowers dmg media margin g'dance.........-3%
VECTURA - revs +24% £72m,EBITDA +43%,profits +35%,royalties impacted........-2%
IBSTOCK - good trading momentum continues,sees FY expectations unchanged....+1%
HENRY BOOT - all units trading well,confident on meeting FY expec..........UNCH
BALFOUR BEATTY - Awarded contract for M20 lorry area........................+1%
INCHCAPE - 4 month lfl revs +11.3%.Ptp.Have had good start to year..........+1%
IMAGINATION TECH - Restructure to result in 50m charge.Performance in line..-3%
PETS AT HOME - Group rev 793.1m.Sees margins this yr hit by weaker currency.-1%
DARTY - total revs +12.8%,LfL +12%,margins -160bps,debt lower..............UNCH