ML
* UNICREDIT - Offer of up to 10% of Bank Pekao; MS/Citi/UBS/UniCredit CIB....
POUNDLAND - Steinhoff agrees to buy the rest of the co for 220p/shr cash.+12%
ACCOR - HotelInvest to become subsidiary. CEO gave little financial detail+3%
BARRATTS - FY inline with PBT +20% to £680m & vols +5.3% in the yr........+3%
BURBERRY - Q1 slightly ahead with rev +4% reported. FX guide upgraded.....+2%
AKER - Revs of NOK 7bn 6% ahead of cons, EBITDA 23% beat. Backlog -9% QoQ.+2%
BASIC RESOURCES - Copper +3.2%, Iron Ore +1.7% & BHP +3.2%, RIO +2.6%...+1-2%
NOKIA - Nokia,Samsung expand intellectual property cross license. +VE...+1-2%
KUNGSLEDEN - Profit from prop mgmt +23%, NAV +4%. Expect Brexit to be +ve.+1%
JD WETHERSPOON - 4Q LFL sales +4.0%, slightly better than 3Q at +3.8%.....+1%
CASINO - 2Q sales slight beat -7%, good in LatAm but slowdown in France.+0.5%
ICAP - Good but no upgrades from BAML and no real detail in the numbers...u/c
ALSTOM - Very weak Q1 orders, 15% miss v cons but timing partly to blame..u/c
AIRBUS - D/G risk. Plan on producing just 12 A380s in 2018 v 27 last yr...-1%
FENNER - Inline but net debt increase due to FX. Trading at recent highs..-2%
CS
Accor +3-5% To sell majority stake in HotelInvest Unit: Reuters
Airbus -1-2% Announced a drastic cut in production of its flagship A380
Aker Sol +5% Q2 revs 6.5% ahead, EBITDA 22% beat
Alstom -1-2% Q1 revs 3.5% beat but exceptionally low level of orders
AstraZeneca M/P Resolves Faslodex Patent litigation in US
Barratt Dev +1-2% Expect PTP inline, completions ahead, cautious on London
Burberry -1-2% LFL sales better but guidance a touch soft
Casino +1% Q2 Sales EU 9.97bln est EU 9.83bln
DKSH +2% Net sales growth better, op profit 3.5% ahead
Fenner -1-2% Net debt higher, expects overall outcome for year inline
GVC M/P Q2 was particularly strong, BWIN integration all fine
ICAP +2-3% Electronic markets inline, post trade ahead
JD Wether +1% LFL slightly lower but FY guidance inline
Miners +1% Copper +3.40%, Brent +0.15%, Iron Ore +1.65%, China +0.62%
Oils M/P US API showed Crude inventories +2.2m barrels
Nokia +2-3% Nokia/Samsung expand Intellectual Property licence pact
One Savings +1-2% CS upgrade to NEUTRAL (Positive post Brexit)
Regus M/P CS remove from the SMID FOCUS LIST (Weakness in UK/Europe)
Speedy Hire +3-5% Q1 slightly ahead, sees FY results ahead