ML
** REMINDER: Denmark remains closed today....................................
GAMESA - Beat. EBIT €119m v €96m cons, margin 11.1% v 9.5%. FY guide u/c..+2%
SMURFIT - Inline with EBITDA 281m. Outlook good earnings growth in 2016...+1%
HASTINGS - Strong performance. Market shr up from 5.8% YE15 to 6.0% 1Q16..+1%
RHOEN KLINIKUM - Q1 EBITDA beat, revs inline. Co confirms 2016 guidance...+1%
MITTAL - Q1 EBITDA inline, no increase to guidance, MtM upside obvious....u/c
SAP - Apple and SAP to develop iphone and ipad apps for businesses........u/c
MGAM - Inline with mgmt expectations and unchanged from outlook in Feb....u/c
TULLETT PREBON - Appoints Andrew Baddeley of Brit Insurance Group as CFO..u/c
EASYJET - Twelve mnth load factor to April comes in at 91.5% v 91%........u/c
INDRA - Saudi Arabia stops paying Mecca train construction. Senti -ve...-0.5%
AIRBUS - CEO Enders says 2H will be more active than 1H; Les Echos........-1%
SWMA - Sweden reopens. US FDA extending its tobacco product authorities.-1-2%
ISAT - Contract it should have won goes to Gogo, who will partner with IAG-2%
MONTI DEI PASCHI - Headline beat offset by NPL and capital weakness.......-2%
BBA - Inline but org growth -6% driven by weakness in Flight Support biz..-2%
IHG - A little soft. 1Q16 RevPAR growth +1.5% v BAML 2%. We cut our nos...-2%
INTERSERVE - Board anticipates £70m exceptional contract provision.......-5%
MainFirst Pre Mkt Indications
*AIRBUS-CEO says 2016 tough and H2 more active than H1-n/new........U/C
*ARCELOR-Rev 13.4b(14),Ebitda 927m(924.5),Exps 2 be FCF +ve '16.....-2%
*ENEL-Close to offer on controlling Metroweb stake - Reuters........-0.5%
*SAP-To develop IPhone/IPad Apps for businesses with Apple..........+0.25%
*SANOFI-Medivation reits rejection of Sanofi's offer................+0.5%
*TOD'S-Alessandra Facchinetti steps down as Creative Director.......-0.5%
*STATOIL-Cuts Leismer output by 50% due to Alberta widfires.........-0.5%
*MONTE PASCHI-NI 93.2m(23.4),Rev 1.19b(1.12),LLP 345.9m(382.4)......+4%
*GAMESA-Net 72m(64.2),Ebit 119m(91),Sales 1.06b(997.5),o/l ok.......+2%
*R/KLIN-Rev 291.5m(292),Ebitda 67.9m(66),Net 50.7m(55),o/l ok.......+1%
*ALSTOM-Dutch railways will order 80 trains says Telegraaf..........+1%
*EASYJET-12 month passengers 71.1m,L/Factor 91.5%,April 90.4%.......U/C
*SMURFIT-Rev €2b(2.02),Ebitda 281m(280),PT 128m(146),o/l ok.........U/C
*IHG-Global RevPar +1.5%(+1.8),China ok,Europe & America weak.......-1%
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Airbus M/P CEO Enders Says 2H Will Be More Active Than 1H: Les Echos
Ashtead -1-2% Per UNITED RENTALS downgrade at GS and rental rate worries
Autoliv +2% Takata trades -10% in Japan (first time open since Monday)
Deut Post M/P AMAZON has signed a new leasing deal for cargo jets
Easyjet M/P Traffice stats, load factor lower 90.4 vs April 2015 90.8%
Ferragamo +1% Said to be in talks with Eraldo Poletto for CEO job
GSK M/P Chairman Can't Rule Out Consumer Spinoff at Later Date
Hastings +2-3% Market share of private car up, outlook good
IHG -1-2% Q1 RevPar 1.5% vs cons 1.8%, CS ests 2.4%
Interserve -5% £70m exceptional contract provision for H1 of 2016
Mittal UNCH Q1 EBITDA $927m CSe $890m, reiterate guidance
Miners UNCH Copper -0.30%, Brent -2.35%, Iron Ore +1.70%, China -1.53%
Monte Paschi +2-3% Q1 net of €93m, low quality beat, CET1 light
Morgan Ad +1-2% Organic growth better, guidance unch vs Feb outlook
Oils -1% Brent -2.35% to $44.65, WTI -2.65% to $43.85
Rhoen Klinik +1% Q1 EBITDA 1.5% beat, revs inline, confirms 2016 guidance
SAP +1% SAP and Apple to develop iPhone, iPad Apps for Businesses
Smurfit Kap M/P 1Q EBITDA and revenues inline, reiterates guidance
Steinhoff +1% CS initiate with OUTPERFORM (Consistent strategy)
UK Retail -1% BDO LFL retail sales data, the "worst since 2008"
Shore
RETAILERS - April LfL sales on highstreet fell 6.1%,worst since Nov'08(BDO).-1%
BHP BILLITON - Federal Court of Appeal in Brazil ratifies Samarco agreement.UNCH
MORGAN ADV. - trading inline,ytd sales flat,challenging markets persist......-1%
BBA AVIATION - trading inline despite softer markets,revs +12%,LfL -6%......UNCH
INTERSERVE - trading inline,UK contruction significantly impacted............-2%
EASYJET - Load factor 91.5% v 91%.Passengers 71.1m v 66.2m...................+1%
IHG - Q1 global revpar+1.5%.Current trading gives confidence for rest of yr..+1%
NUMIS - H1 pbt 16.8m.H2 started well & pipeline strong.Hemsley steps down....+2%
HASTINGS - gross written premiums +29%,on track to meet or beat targets set..+1%