L&S
RWE +1.7% CBK upgrade
HEI GR +0.4% AlphaValue upgrade
CS:
Autos M/P Carmax (KMX US) down 7% on INLINE numbers
Ems Chemie M/P Sales inline, EBIT above previous year, maintains outlook
Miners +1% Copper UNCH, Brent +3.00%, Iron Ore UNCH, China -0.59%
Oils +1-2% Oil +3% vs Euro close
Partners Grp -1-2% CS downgrade to NEUTRAL (Valuation)
Renault +0.5% Nissan +3%, Renault own 43.65% of Nissan
United Utils M/P Bid spec in the daily mail, been strong recently
Unicredit +2% CEO confident Vicenza IPO will go ahead positively
Weir +1% Oil +3% vs Europe close and peer positive on them today
RBC:
AIR FRANCE -1% Weak March traffic, ASK +0.6%, cargo demand weak
ASML +1% Positive read from TSMC (+1.2%) overnight
KALI & SALZ -1% Read through from COMPASS MINERALS warning overnight.
M.PAGE -1% UK job report shows slowest Perm growth since last September
MITTAL +2% 3rd hike in HRC prices in Europe, small positive for sector.
SABADELL -2% Confirmation that mortgage floors are deemed illegal
SAN/BBVA -1% Mortgage floors illegal and probe into derivatives by regulator
TGS NOPEC +1% Inline Q1 numbers with guidance reiterated, oil price better
Mainfirst:
*VIVENDI-Deal with Mediaset announced Friday ? 3.5% stake swap?....+0.5%
*BASF-Interested in onshore oil assets in Iran(4th largest o/res)..+1%
*AIR FRANCE-March passengers +4.6%,Transavia +21%,Total 7.2m.......+0.5%
*SANOFI-Venezuela sales 200m,Auviq sales 17m,b/back €1.4b..........-0.5%
*GRIFOLS-Buys the Interstate Companies for €184m - Confidencial...+1%
*GAMESA-Receives two orders in China to supply turbines............+1%
*EMS CHEMIE-Sales 503m(511),sees 2016 slightly above 2015..........+0.5%
*ABB-Group grows business to over $1bln in India & targets more....+1%
Commerz:
AM3D +2.0% HSBC starts with Buy – PT €30
AR4 –0.3% Removed from Baader-Helvea Top Picks List
FRA +0.1% Resumed Neutral at Nomura – PT €53 (56)
HEI –0.4% Raised to Reduce (Sell) at Alphavalue
MRK +0.2% DBK cuts from ‘German Stock Ideas’ List
PNE3 –2.0% Appoints Markus Lesser as CEO
SDF +0.4% CEO may have known about brine leakage problems in 2007
SPR +2.5% JPM raises to Overweight (Neutral) – PT €60 (53)
TKA +0.2% Shortlisted for future submarine orders from Norway
ML
* DFS - Advent selling 30m shrs ($135m) at GBP 3; UBS/Jefferies..............
* DELTA LLOYD - Rights issue take up at 96.15%, RUMP being placed at GS......
BO DC - Says Sparkle Roll bought block from DL NA, now owns 13.1% stake.+5-7%
VECTURA - Gets payment of $10m that can rise in future if gets approvals..+3%
AIRFRANCE - Load factor remains strong (+1.6pc) in short/med haul.......+2-3%
ASTRAZENECA - Early stage alzheimers product to progress into PIII trial+1.5%
VESTAS - Borsen reporting Egyptian Ministry to sign $2.2bn wind farm deal.+1%
AB FOODS - To buy 48.65% interest in Illovo that it doesn't already own.+0.5%
VIVENDI - Spec agrees to acquire Mediaset's pay-TV unit in 3.5% swap deal.u/c
IBERDROLA - Press spec that AGM today to approve a 4% increase in pay out.u/c
SAN/BBVA/CABK/SAB - Probe over poss collusion on setting Ps for IR derivs.u/c
UK ASSET MNGRS - FCA article in FT on misselling of 'active' funds......-1-2%
TULLOW - Negative op update, FPSO will be offline for another 2 weeks.....-2%
TGS - Preannounce 1Q rev US$64m v cons US$96m. Maintains FY16 guidance....-5%