ML
MITTAL - Announces a $3bn rights issue along side $1bn sale of Gestamp.....
* GENMAB - Johnson & Johnson Innovation selling 1.7m shs, DKK 753, GS sole...
* MICROFOCUS - Wizard selling 28m shs, Credit Suisse, Numis bookrunners......
HEXAGON - EBIT a 2-3% beat, Org growth 3% v 2.2% cons, margins in line..+2-3%
HUSQVARNA - Loss of SEK 212m vs cons at -261m, solid cashflow.............+2%
PHILIPS - Further spec on lighting sale mentioning Blackstone/Melrose.....+2%
TELIA - Spec in talks on Fintur asset sales with MTS, helpful.............+2%
NOKIAN TYRES - Q4 a 17% beat but guidance for next year 2% below cons.....+2%
BNP PARIBAS - Clean net in line, retail miss, CIB better, capital solid.+1-2%
T.ITALIA - TIM results highlight significant cost cutting helping EBITDA+1-2%
MAN GROUP - AHL shows continued strong performance, +2.4% from last valn..+1%
VINCI - EBIT a 2% beat and dividend better, cautious on contracting.......+1%
SHIRE - Lifitegrast Resubmission Gets July 22 Pdufa Date at FDA...........+1%
SHAFTESBURY - Robust footfall & spending over Xmas and New Year...........+1%
NOVARTIS - FT Lex reports activists should look at co, spin offs etc......+1%
TDC - Borsen says Swedish ops could fetch 10% of mkt cap, mentions
TEL NO.u/c UMICORE - adj numbers in line, guidance vague on group EBIT,7% short base.u/c
GRAINGER - Sale of the rump of the German business. -1p hit to NAV......-0.5%
ENGI - Echos says Chairman Mestrallet gets 2y extension, disappointing....-1%
TELEFONICA - Spec received statement of objections from EU over 3/O2 deal.-1%
IMMOFINANZ - EU400m writedown of its Russian portfolio due to FX adj......-2%
VOLVO - Op profit 7% below on weak sales & orders, B2B underwhelming......-2%
JUST EAT - Multiple small acquisitions across geographies totals EUR 125m.-2%
CS Indications:
Airbus +1-2% CS add to European and global focus list
Anglo's -5-10% Negative read from Mittal capital raise
BG Group UNCH Incrementally positive but RDS deal completes next week
BNP +1% Over-all adjusted PBT is inline, CET1 ratio is up 20bps
Bobst M/P FY sales Chf1.33b cons Chf1.323b
Centrica +1% Sells its 50 per cent interests in some wind farms
EMS Chemie +2-3% FY revenues inline, EBIT 6% beat, dividend small ahead
Halma +1-2% Acquisition, 1% accretive this year, 3% next year
Hexagon +2% 4Q sales 815.7m vs cons 804m, div ahead 0.43 vs cons 0.41
Holmen -3-5% Q4 net sales 10% miss, operating profit 13% miss
Husqvarna +2% Sales slightly better and dividend reaffirmed
Immofinanz -1-2% Expects about EU400m writedown on Russian properties
Julius Baer M/P Has announced it has reached final settlement with the DoJ
Moleskine M/P 2015 net revenues inline, Confirms FY EBITDA guidance
Miners -2-3% Copper -0.40%, Brent -1.15%, Iron Ore -0.30%, China -0.60%
Mittal -10% Co to raise $3bn (~40% of market cap), was down 10% a/h
Nokian Ren +3-5% Q4 Op profit 17% beat, sales 11% beat, 7% short interest
Philips +1% Blackstone/Melrose Said to Advance With Lighting Bids
Prem Farnell +5-7% Disposal of Akron Brass for £153.8m
Shaftsbury +1% No's inline, Continuing strong tenant demand
SSAB -5% Negative read from Mittal capital raise
Umicore +1-2% Inline H2 EBIT and outlook, sees strong volume growth
Vinci +1% Sales Eu38.5bn (cons Eu38.3bn), dividend slightly better
Volvo -3-4% 4Q operating income SEK4.51b vs est. SEK5.03b
Yit +1% Net sales EU468.5m vs est. EU439.1m, guidance ok
Shore Calls
BG GROUP - Sees 2015 results inline with or ahead of guidance/No final divi.-1%
MICROFOCUS - Wizard sells 28m shares in placing at 1275p,retains 13.8%......MKT
SHAFTSBURY - continuing strong demand,robust footfall over Christmas.......UNCH
PREMIER FARNELL - to sell Akron Brass for $224m...........................+0.5%
ONTHEBEACH - UK revs +26%,new site visitors +18.9%,confident on FY expec..+0.5%
HALMA - acquires tech designer CenTrak for $140m,earnings enhancing........UNCH
BAHAMAS PET - Bahamian Senate pass petroleum bill........................+tive
CMC MARKETS - ipo set at 240p,commences trading today under ticker CMCX.....MKT
PEARSON - downgraded a notch to BAA2 by Moodys............................-0.5%