ML:
UNICREDIT - Set to name Passera as new CEO says II Fatto Quotidiano.....+5-6%
UNICREDIT - Set to name Passera as new CEO says II Fatto Quotidiano.....+5-6%
MAJESTIC WINE - Beat. On target to deliver £500m of sales in '19 is ahead.+5%
UBISOFT - Vivendi exceeds 20% threshold by raising stake to 20.1%.......+4-5%
HAMMERSON - Completes sale of Thurrock shopping centre park for £93m......+4%
COBHAM - We UPGRADE to Buy, PO 165p. BS repaired after the rights issue...+4%
VOLKSWAGEN - Set to reduce variety by cutting 40+ models. U/G away......+3-4%
GAMESA - We REIT Buy post-merger announcement with Siemens Wind Power.....+2%
DUERR - We initiate with Buy, PO EUR80 giving 31% upside & div yield 3.3%.+2%
WIRECARD - Senti +ve. Integrates payments for TeamViewer. No financials.+1-2%
UK MINERS - +0.6%, Gold -0.6%, Iron ore -1% with BHP/RIO OZ +3.7%/+2.6%.+1-2%
VIVENDI - Ubisoft stake rose to 20.1%, co to cancel 6.35% outstanding shrs+1%
AIRBUS - Spec Iran Airbus contract to be finalized within 30 days ($17b)..+1%
ASCENTIAL - Trading inline. Stock closed up 14p on FTSE 250 inclusion.....u/c
JPM:
ADIDAS To pay E50m/yr to sponsor German soccer team (prev E25m/yr) +3%
BAYER exploring the sale of its radiology supplies unit
CEMENT Heidelberg receives FT clearance for its 45% acqn of Italcementi
CIRCASSIA CAT allergy p3 fails -50%
UBISOFT/VIVE Viv Says It Isn't Planning Public Offer, though may buy more shs+3%
UNICREDIT likely to name former govt minister Corrado Passera as CEO +5%
VOLKSWAGEN JPM upgrade to OW +4%
CS:
BBVA +3-4% Few papers suggesting bbva will announce further cost cuts
BBVA +3-4% Few papers suggesting bbva will announce further cost cuts
Bechtle M/P Likely to Hit EU3b in Sales This Year
Miners +2% GBP strength holding back Aussie names on translation
Oils +2.5% Weaker USD helping oil, WTI +2.5% from EU close
Safran M/P Advent Oberthur Techn is seeking to purchase Morpho unit
Unicredit +3-4% likely to name Corrado Passera as its next CEO
VW +3-4% VW said to be ready with $10bn diesel accord
Wirecard M/P Wirecard Integrates Payments for TeamViewer
Investec
UK
* AMEC wins BP Iraq contract at Rumaila......................................m/p
* CENTRICA/SSE - CMA to drop claims that big 6 overcharged - FT...........+2%/3%
* CIRCASSIA Cat allergy results primary endpoint not achieved...............-50%
* ENQUEST stmt in response to press spec - not involved in any discussions...m/p
* GLAXO +ve results from phase III Fulfil study, meets primary endpoints.....m/p
* MAJESTIC WINE FY '16 ahead and an ecouraging start.........................+2%
* SPECTRIS purchase of Capstone tech for $22.5m..............................m/p
* UBM - CMA says PR purchase may lessen competition - no issue for UBM.......m/p
EUROPE
* BAYER-exploring sale of $3bn radiology business(Reuters)...................+3%
* BECHTLE-CEO sees €3bn sales(in line), had pretty good start to Q2..........+4%
* CARLSBERG-new CEO sees drop in mkt share as seeks to alter balance.........+2%
* CS-places 5 employees on leave amid US tax investigation(SaS).............+2%
* EDF,EON,IBERDROLA,RWE-UK to drop claims energy co’s overcharged (FT).......+3%
* ERICSSON-says employees summoned in Greek probe............................+2%
* SAFRAN-has found immediate solution for A400m problem(Figaro)..............+4%
* UNICREDIT-set to name fmr Govt minister Passera as new CEO.................+4%
* VW-said ready with $10bn diesel accord; upgrade away.......................+4%
Other news
* VIVENDI raises UBISOFT stake to 20.1%,will buy more,no intention make offer.
* ALCATEL-LUCENT- NOKIA confirms stake rises to 95.5%
* US regulator clears HEIDELBERG CEMENT(+3%)/ITALCEMENTI deal.
* STEEL-China to re-investigate anti-dumping duty.
UK
* AMEC wins BP Iraq contract at Rumaila......................................m/p
* CENTRICA/SSE - CMA to drop claims that big 6 overcharged - FT...........+2%/3%
* CIRCASSIA Cat allergy results primary endpoint not achieved...............-50%
* ENQUEST stmt in response to press spec - not involved in any discussions...m/p
* GLAXO +ve results from phase III Fulfil study, meets primary endpoints.....m/p
* MAJESTIC WINE FY '16 ahead and an ecouraging start.........................+2%
* SPECTRIS purchase of Capstone tech for $22.5m..............................m/p
* UBM - CMA says PR purchase may lessen competition - no issue for UBM.......m/p
EUROPE
* BAYER-exploring sale of $3bn radiology business(Reuters)...................+3%
* BECHTLE-CEO sees €3bn sales(in line), had pretty good start to Q2..........+4%
* CARLSBERG-new CEO sees drop in mkt share as seeks to alter balance.........+2%
* CS-places 5 employees on leave amid US tax investigation(SaS).............+2%
* EDF,EON,IBERDROLA,RWE-UK to drop claims energy co’s overcharged (FT).......+3%
* ERICSSON-says employees summoned in Greek probe............................+2%
* SAFRAN-has found immediate solution for A400m problem(Figaro)..............+4%
* UNICREDIT-set to name fmr Govt minister Passera as new CEO.................+4%
* VW-said ready with $10bn diesel accord; upgrade away.......................+4%
Other news
* VIVENDI raises UBISOFT stake to 20.1%,will buy more,no intention make offer.
* ALCATEL-LUCENT- NOKIA confirms stake rises to 95.5%
* US regulator clears HEIDELBERG CEMENT(+3%)/ITALCEMENTI deal.
* STEEL-China to re-investigate anti-dumping duty.
COMMERZ Indications:
ADS +1.3% And DFB signed a new contract over 4 years for €50m pa BAYN +2.4% Said to explore sale of radiology business (worth $3bn)
BC8 +2.4% CEO sees 2016 sales growth closer to 10% than 5% HEI +2.1% Italcementi takeover approval from US regulator
DB1 +1.7% Brexit may derail LSE, Deutsche Boerse merger, WSJ says DUE +2.5% ML starts with BUY and a PT of €80 FRA +1.4% Bulgaria has put on hold a tender to operate Sofia airport LHA +2.9% Air France unions called on cabin crew to strike on June 24-27th PFV +1.9% Raised to Buy (Hold) at KeplerChev - PT €104
VOW3 +3.7% Said ready with $10b diesel plan, to devise fix later WDI +2.2% Integrates payments for teamview