* BAML EUROPEAN OIL & GAS CONFERENCE - Day 3, c35 corporates will be attending.
* X-FAB - IPO day 1. Deal Value ~$550m, priced at EUR 8, ticker XFAB FP........
* TULLOW - Ex rights today. 25 for 49 @ 130p. TLWN LN is the rights ticker.....
* CONVATEC - Reweight on the close for the FTSE100. 32.2m shrs to buy, c5x adv.
ELECTROCOMPONENTS - Now sees FY results to be ahead of prior views (491)..+2-3%
GRIFOLS - We reinstate coverage with a BUY rating and PO of EUR 26.5 (23).+0.5%
EASYJET - Passengers +10.6% YoY in March,load factors up +140bps YoY (1017).u/c
LVMH - 10% of leather workers stage rare strike. Not material news (204.8)..u/c
VICTREX - Acquired UK based Zyex for £10m cash. Inline with strategy (1921).u/c
WIRECARD - FY17 EBITDA guide €382-400m v €396m. FY16 nos are inline (51.9)..u/c
FERREXPO - 1Q pellet prodn from own ore inline at 23.6% of BAML FY est (174)u/c
LINDE - Prosecutors checking insider trading activities of Reitzle (156.7)-0.5%
MINERS - Copper unch, Iron Ore fut -0.5% with BHP OZ -0.6% & RIO OZ -1.7%...-1%
UNILEVER - Travel & arrive. Starts E5b shr buyback & raises divi 12%.(46.1).-1%
DIALOG - Apple supply chain weaker in Asia on spec iPhone 8 delays (47.3)...-1%
CAIRN ENERGY - Small negative. Fails to find commercial hydrocarbons (201)..-1%
BANKS - Lower with the market and on Paul Ryan tax reform comments o/n....-1-2%
NN GROUP - New ultimate forward rate methodology proposed last night (28.8).-2%
CS
Aegon +1-2% EIOPA methodology on UFR calculation broadly unchanged
Asos -1% CS DOWNGRADE to UNDERPERFORM (Valuation)
Banks -1% US10yr yields drifted back to 2.32%, Fed minutes weighed
BTG +2-3% Revs expected to be above the upper end of guidance
CNH UNCH March Class 8 US truck orders +42% YoY
Christian Han -2% Q2 org growth inline, FY guidance org growth inline
Daimler -0.5% March Class 8 US truck orders +42% YoY
Delta Lloyd +1-2% EIOPA methodology on UFR calculation broadly unchanged
Dong +0.5% DEA said to make bid for Dong's O&G assets
Easyjet M/P Traffic stats - load factor 92.7% vs 91.5
Electrocomp +2-3% Q4 revenue growth better, FY growth ahead
Gerresheimer -3-4% Revenues down 5.4% in first quarter, EBITDA margin inline
Gulf Key +1% 2016 production came in at upper end of guidance
Hikma +1-2% Jazz Pharmaceuticals Reaches Settlement with Hikma
Miners -1-2% Copper +0.25%, Brent -0.50%, Iron Ore -1.30%, China UNCH
Norsk Hydro -1-2% CS DOWNGRADE to NEUTRAL (cautious outlook)
NN Group +1-2% EIOPA methodology on UFR calculation broadly unchanged
Unilever UNCH 5bln buyback & a 12% raise in dividend
Volvo UNCH March Class 8 US truck orders +42% YoY
Wirecard +1% Cash flow good, Confirms forecasts for 2017
RBC INDICATIONS
*BTG: +2% FY'17 revenues at or above upper end of consensus.
*CAIRN: +1% VR-1 well offshore Senegal operations completed.
*DONG ENERGY: +2% BORSEN: DEA made a bid for DENERG's oil & gas business.
*DUFRY: 0% signs new pact with PULLMANTUR & Mexico City airport contract.
*EASYJET: +1% March passengers +10.6%, H1 passengers +9.1%.
*ECM: +2% sees FY results ahead, Q4 underlying sales +8%.
*GXI: -2% Q1 adj EBITDA miss, uncertain environment, FY confirmed.
*HOMESERVE: +2% FY results expected at upper end of consensus, strong momentum.
*IMAGINATION TECH: -1% negative read from LARGAN (-4.56%) after hours on weak earnings.
*UNILEVER: +2% launching €5B share buyback, raising dividend by 12%.
*WIRECARD: +1% confirms FY'17 EBITDA, dividend better.
*VIVENDI: 0% FIGARO: to seek majority on TELCO ITALI
Investec
* CHR HANSEN-Q2 org rev +9%(in line with our ests), keeps FY outlook........-1%
* DEUTSCHE BANK-rights issue take up said more than 95%.....................-1%
* DONG ENERGY-DEA Deutsche Erdoel makes bid for Dong oil&gas unit(Borsen)..+0.5%
* DUFRY-new on board shop pact with Pullmantur, gets Mexico City contract...U/C
* GERRESHEIMER-Q1 rev and ebitda small miss, confirms FY f/casts............-2%
* TELIA-in final stages of talks on fines says CEO..........................-1%
* TIT-Vivendi(U/C) wants to name 2/3 of TIT board members(Figaro)...........-2%
* UBISOFT-may need to decide on full bid by Q4 after voting rights ruling...+1%
* UNILEVER-strategic review-div raised,btr margins,€5bn bback,sell spreads...+2%
* WIRECARD-confirms prelim results & o/look but div only 16c vs ests 20c....-2%
Other news
* SKF-Capital Mkts Day
* STEEL-EU imposes new 5yr tariffs on Chinese steel.
* BTG-Update.Revenue expected to be at or above upper end of guidance.......+2%
* CAIRN-VR-1 appraisal well(offshore Senegal) successful..................+1-2%
* CAPE-Multidisciplinary contract in Kuwait from HEISCO...................+1-2%
* DAILY MAIL-Appoints Tim Coller(Thomson Reuters) as new group CFO..........+1%
* EASYJET-Stats.March +10.6%, Load Factor +1.4ppt. Broadly in line........-1/2%
* ELECTROCOMPS-Update.Strong Final qtr.FY to be ahead of prior views......+2-3%
* FINDEL-Update.FY PTP to be below bottom of range. Appoints new CEO.......-10%
* HIKMA-Settlement agreement with Jazz to resolve patent litigation(Ex18p)..-1%
* HOMESERVE-Update. Sees FY results at upper end of expectations..........+1-2%
* MOTHERCARE-Update.Solid Final qtr.Overall the FY to be in line with guid.unch
* PETRA DIAMONDS-Increase loan notes to $650m($600m)Rate 7.25%(vs 8.25%)..+1-2%
* ROYAL DUTCH-QGC JV wins 2 Aus Domestic gas deals(Bloomberg)..............-1/2%
* SOUTH 32-Lowew output at Cannington mine due to fire.....................-1/2%
* UNILEVER-Review.Raises profit mar
Shore
CAIRN - +tive well test,deeper targets encountered with indic of hydocarbons.+1%
UNILEVER - exiting spreads biz,€5b share buyback,12% div increase,+ve FLS....+3%
HIKMA - Enters into settlement agreement with Jazz..........................UNCH
ELECTROCOMPONENTS - Sees fy results ahead of prior views....................+5%
FINDEL - Sees fy ptp slightly below bottom range of views...................-5%
EASYJET - 12 month load factor 91.7% v 91.5%.Passengers 75.9m v 70.8m.......UNCH
MOTHERCARE - Q4 Grp sales -12.2%,UK LfL +4.5%,margins within g'dance.........+1%
BTG - FY revs to be at or above upper end of g'dance.......................+2.5%
HOMESERVE - very good year,results at upper end of market expec.............+3%
EPWIN - revs +14.5% £293m,PBT +23.7%,input costs rising,trading in line.....UNCH
MOTORPOINT - sales +12.5% £820m,PBT at the upper end of expec,well placed....+3%
CHESNARA - completes acquisition of L&G's dutch unit........................UNCH