BOFA-ML
** Day 1 of the ML BUILDING Conference. Please contact the desk for the agenda..
* ABERTIS - 43.8m shrs/ $680m priced at €13.65 (1% discount); UBS/BAML/JPM......
* ABERTIS - 43.8m shrs/ $680m priced at €13.65 (1% discount); UBS/BAML/JPM......
WIRECARD - Tweaks guidance up to €321-298m from €310-290m: +ve biz dev (47)..+2%
RYANAIR - Sept traffic +13%. Reit guide of yields to fall 10-12% (12.45).....+2%
DNB - We DOUBLE UPGRADE to Buy, with a new PO NOK 130/shr (>25% TSR) (106.5).+1%
CARILLION - Wins 7 yr contract worth £350m (roughly 1% per/yr of rev) (253.5)+1%
ABB - CMD. Increase margin target 200bps to 10-14%, reorganising divs(22.1)+0.5%
AXA - Ins Journal reports AXA has no intention to merge with rivals (18.8).+0.5%
DERWENT LDN - Prelet 2 floors at White Chapel at rents above June ERV (2590).u/c
MINERS - Copper +0.15%, Gold unch with BHP OZ +0.66% and RIO OZ +1.1%........u/c
NN GROUP - Sells Irish reinsurance portfolio to Canada Life Int'l Re (27.15).u/c
ERICSSON - To announce 3000-4000 jobcuts in Sweden today; SVT reports (61.35)u/c
GREGGS - Inline. Outlook remains unch but mgmt highlight cost pressures(1035)-1%
ASTRAS - Neg datapoint as Brilinta has -ve read in EUCLID trail for PAD(4940)-2%
CS Calls :
Abb +2% CMD - $3bn buyback, raises longer-term Power Grids margin
AstraZeneca -2% Brilinta did not meet primary endpoint of trial
Autos M/P US auto sales 17.8m vs estimates of 17.5m
Carillion M/P Wins £350m contract for Nationwide, 7 year contract
Deut Bank UNCH Closed +80 bps in the US (From 4.30)
Dong Energy +1% CS initiate with OUTPERFORM (Gains from wind farm sales)
DKSH +1% Appointed by P&G to sell and distribute brands in Hong Kong
Ericsson +0.5% To announce 3,000-4,000 jobcuts in Sweden, SVT reports
Fiat +1% Italy auto sales for September +20.5% vs avg 17.4%
Greggs M/P LFL 2.8%, trading and outlook inline
LVMH +0.5% Purchases 80% of luxury luggage maker Rimowa for EU640m
Miners +0.5% Copper +0.25%, Brent +0.95%, Iron Ore closed, China closed
NN Group M/P Sells Irish Reinsurance Portfolio to Canada Life
Roche M/P FDA Grants Breakthrough Therapy Designation for Alecensa
Ryanair M/P Load factor rises to 95% vs 94%, confirms recent guidance
SGS M/P Buys Axys, expected 2016 revenues in excess of CAD 12m
SSE +0.5% Rating affirmed by Moodys, outlook to stable from negative
Thom Cook +0.5% FOSUN increases stake to 9.01% vs prev 8.1%
Wirecard +1-2% Increases their EBITDA guidance
JPM:
ABB CMD. Retains grid,buyback slowing,cost saves increased by $300m -1%
ASTRAZENECA (BBG) Brilinta Didn’t Demonstrate Benefit Vs Clopidogrel -2%
AUTOS US SAAR Sept 2% ahead of cons. Incentives higher +17% yoy +1%
ERICSSON Co. to announce 3,000-4,000 jobcuts in Sweden today(SVT reports)+1%
RYANAIR Sept traffic stats showing slight acceleration from Aug +1%
SCHIBSTED Neg sentiment from Facebook Marketplace feature -1%
SKY FT highlights potential bid spec boosted by £ weakness unch
shore
SCS GROUP - sales +14.5%,LfL +14.8%,profits +17.3% £149m,sees FY in line....+1%
ASTRAZENECA - Bilinta did not meet primary endpoint.......................-0.5%
RYANAIR - September traffic +13%,load factor +1%...........................UNCH
REV BARS - revs +6.9% £119.5m,LfL +2.3%,PBT +10.8%,new year begins well.....+1%
JOURNEY GRP - under possible offer from Jaguar Holdings of 240p per share...+5%
GREGGS - Q3 lfl sales +2.8%.Says Fy forecasts unchanged,costs pressure ahead-1%
CARILLION - Wins 350m contract from Nationwide Building Society.............+1%
ST.IVES - Trading in new financial year has started in line with expec.....UNCH
QUANTUM PHARMA - sees FY performance materially below market expectations..-15%
WIZZ AIR - September passenger stats +17.9%...............................UNCH
GRESHAM COMP - looks to raise £3.3m in placing at 105p to fund acquisition..MKT