ML
EVONIK - CVC selling 2.2m shs, 2% of co, EUR 32.55, BAML sole..............
* TEF DEUTSCH - KPN selling 150m shs, c 5% of co, Citi.......................
* ABN AMRO - Price range announced, EUR 16 20, call for details..............
* AMUNDI - Revised price range, EUR 43.00 - 45.00 per share..................
POST ITALIANE - 9m rev EUR 23.9bn v 22.6bn YoY, very weak in the auction.RSTR AAREAL BANK - Q3 ahead on 2-3% NII beat, raises FY EBIT tgts 9% above cons+3% DIALOG - Elliot takes 2.9% stake, says plans to vote against Atmel deal...+3% EXPERIAN - Solid org growth at 4%, HY EBITDA a 1.7% beat, US consumer +ve.+2% DCC - Operating profit £88.4m with cons circa 10% lower. FCF strong.....+1-2% NAT GRID - To sell stake in UK gas distro division, EPS a 13% beat too..+1-2% CAPCO - ongoing strength with both parts of the business delivering.....+1-2% VODAFONE - Service revs 1.2% v +0.9% est, EBITDA touch ahead, solid.......+1% KPN - Reduces O2D stake to 15.5% from 20.5% via placement overnight.......+1% LAND SECS - adj diluted NAV up 5.7%, solid enough, trading 7% below NAV...+1% ITV - 9m ad growth 6% in line with cons, sees > 5% ad growth for FY.......+1% ELIS - Solid Q3 with 4% org rev growth, FY EBITDA tgts 1% ahead of cons.+0.5% SYMRISE - Q3 EBIT 3% light, but underlying solid & reit FY guidance.......u/c DANONE - Pepsi reportedly stepping away from investment in Chobani........u/c MONCLER - 9m EBIT 2% ahead on GM but retail LFL slows on Asia/US weakness.u/c EIFFAGE - Q3 sales touch light but reaffirm FY so no cons downgrades....-0.5% BAER - AuM in line and gross margin a touch light as is net new money.....-1% ARKEMA - EBITDA a 3-4% beat, raise guidance but only in line with cons....-1% PANDORA - Rev 1% beat & stronger GM, EBITDA in line and guide maintained..-1% EON - Press spec to report 9m EUR 5bn net loss driven by 8bn impairments-1-2% UBM - Signs of China revenue slowdown with weakness in smaller shows....-1-2% OPERA - Q3 EBITDA ahead but nudges lower FY rev and EBITDA guidance.......-2% WOLSELEY - US LFL reduced to 4.5%, we see a 4% underlying d/g...........-2-3% VALLOUREC - Q3 loss > est & outlook terrible, we cut FY17e EPS 27%......-2-3% DELTA LLOYD - Sh/holder equity solid but disappointing nothing on capital.-3%
CS
Aareal Bank +3-4% Raises guidance, sees op pft E450m-E460m; was E400m-E430m
Ahold M/P More competition in the US. Lidl to Invest More Than E200m
Arm -0.5% CS research highlighting Iphone supply orders weakened
Arkema -1-2% Q3 EBITDA beat. FY guidance raised but below consensus
AVEVA +3% H1 Revs in line, outlook supports current expectations
Cloetta +2-3% 3Q operating profit SEK212m vs est. SEK197m, sales better
Delta Lloyd M/P Sales slightly better, savings on track
Evotec +2% Q3 revs better, EBITDA ahead, raised sales outlook
Experian +2-3% No's 2% ahead of cons, added $200m to the buyback
Hamborner +2-3% NAV increases to E8.53 vs E8.22, divi increase, raises FY
ITV +1-2% 2016 outlook encouraging
Julius Baer +1% AUM better, slowdown in NNM generation in East Europe/LatAm
Korian +1% Announces acquisition will purchase Casa Reha in Germany
Land Secs +1-2% Diluted EPS at 23.2p up from 21.4p. NAV at 1367p inline
Lufthansa UNCH Strike continues, Cancels another 136 flights for Tuesday
Moncler +2% 9m revs inline, EBIT 2% beat, EBITDA 2% beat, confirms FY
Miners UNCH Copper -1.1%, Brent +0.30%, Iron Ore -0.55%, China -0.16%
Nat Grid +1-2% EPS better, div inline, starting process for sale of UK gas
Opera -3-5% Q3 revs 1% miss, lowers guidance
Paysafe +1-2% Q3 trading strong, keep FY expectations
Pandora -1-2% Sales slightly ahead, EBITDA inline, FY guidance kept
Prem Foods +5% Sales and profits better, no change to FY expectations
Redrow +1% Strong sales performance, confident on full year
Speedy Hire +5% Statement fine, keep FY forecasts
Symrise -2% EBITDA, EBIT and sales miss, 2015 targets confirmed
Tom Tailor +1% Confirms forecasts given on 21st Sept
UBM M/P Numbers inline with market expectations, outlook fine
Vallourec -3-5% Q3 -€66m, cons €-44m, Q4 worse, downgrades for FY15
Vodafone +2-3% 2Q org service revs up 1.2%, cons up 0.8%, raises outlook
Wacker Chem M/P Sees Polysilicon Prices Rebounding on US, Asia Markets
Wolseley -1-2% Trading Profit £250mln vs CS at 260mln, outlook no change
JEFFFERIES
DCC +4% better numbers, likely index beneficiary
Experian +3% good quality numbers, increase buyback
ITV +1% inline vs low exp into print
Land Secs -1% NAV 2% light, talking +vely on London
Prem Foods +10% strong H1, pension defecit down
Natl Grid +3% good numbers, will divest UK gas grid
Vodafone +2% org service rev +1.2% vs cons +0.8%
Wolseley -2% Q1 lfl +3.1% vs cons +3.9%, no change to guidance
J Baer -1% Gross Margin Narrows, misses Net New Money Target
KPN +1% sells O2D shs, reits div of 8c plus sp div of 13c
Moncler +2% reassuring numbers, CEO upbeat
O2D -1% KPN selling 150m shs (5% of co)