CS:
ABB +0.5% Orders 1% beat, revenues 1.5% beat, 2016 guidance better
ABB +0.5% Orders 1% beat, revenues 1.5% beat, 2016 guidance better
Autos -2% US SAAR, sales data ok but inventories up
Balfour M/P Awarded 7 year contract for £245m
BBVA +1-2% 4Q net ahead, CET1 10.3% vs 9.8%
Fortum -1-2% Op profit looks light, dividend inline
Foxtons +2-3% 2015 turnover inline, dividend inline, stocks been weak
Gjensidige UNCH Q4 pre-tax 7% light, EPS 2% beat, dividend better
Hargreaves -2% Trading inline, AuM £58.8b cons 57b, outlook cautious
HSS +1-2% Trading inline, guidance inline
JMAT -2% Negative comments on current market conditions
Kesko -1% Sales 8.68bln vs cons 8.68bln, op profit slightly better
KPN -3-4% Rev small light, Q4 Rev 1.75 vs 1.79. Ebit 1% light
Lassila M/P 4Q Sales Beat Ests. Profit Drops
Lundin Pet -1-2% 4Q EBITDA 2% beat, revenues 15% light
LVMH +3-5% Sales 2% ahead, Op profit 1% better, organic sales +3%
Modern Times M/P sales SK4.55bn vs cons 4.51bn, dividend slightly better
Miners M/P Copper +0.55%, Brent -2.00%, Iron Ore +1.1%, China -0.48%
Novo Nordisk -4-5% Q4 net 8.26b vs 8.45bn, guidance inline
Novo Nordisk -4-5% Q4 net 8.26b vs 8.45bn, guidance inline
Oils -0.5% API crude oil inventories rose by 3.84m, Brent -2.00%
Philips -1-2% Company facing “headwinds” in the Sale of their Lumileds
Qiagen -2% Sales already known, EPS at lower end, outlook confirmed
Sandvik +1-2% Numbers mixed, stock has a large short interest
Severn Trent M/P Company continues to perform inline with expectations
Shanks -5% Update poor, expectations slightly below previous
Swatch UNCH FY op profit 7% miss but group plans new share buyback
UK H/builders -2% Buy-to-let landlords poised to sell 500k homes in a year
ShoreCap:
SEVERN TRENT - trading inline,no change to FY g'dance......................UNCH
ShoreCap:
SEVERN TRENT - trading inline,no change to FY g'dance......................UNCH
FOXTONS - grp turnover +4%,London transactions -11%,further special divi....+1%
GEM DIAMONDS - FY production above g'dance,diamond price -9%,divi on track..-1%
LONDONMETRIC - notes change of retail sales migrating online,to raise divi.UNCH
HARGREAVES LANSDOWN - New ops inflows 2.77b.Divi 7.8p......................UNCH
JOHNSON MATTHEY - Sees H1 underlying performance slightly ahead.............+1%
WALKER GREENBANK - Sales expected +5.8%.Sees pbt in line with expectations.UNCH
SHANKS - Sees FY result slightly below its expectations.....................-4%
BALFOUR BEATTY - awarded £245m Warwickshire highways contract..............UNCH
HSS HIRE - trading inline, grp revs +10% near top end of g'dance...........UNCH
AUDIOBOOM - selected as content provider for Google Play in the US..........+2%
Commerzbank:
BAYN -0.7% in talks with Alphabet on cooperation in data medical analysis
Commerzbank:
BAYN -0.7% in talks with Alphabet on cooperation in data medical analysis
DRW3 -5.9% weak Q4 order intake, Divvie cut
HNR1 -0.3% confirms 2016 profit target after January renewals
JUN3 -1.6% Lampe cuts to Sell (vs Hold)
OSR +0.9% Q1 details by segment promising, sound FCF, FY guidance too cons.
QIA -2.1% 2015 finals released, no major changes to prelims, good FCF
PBB -0.2% Citi ups to Buy (vs Neutral)
RWE -0.8% won't rule out impairments on its power plants
SOW -0.8% Kepler raised to Hold (vs Reduce)
SRT3 -2.0% HSBC cuts to Hold (vs Buy)
WCH +1.2% Citi ups to Neutral (vs Sell)
WSU +2.1% 2015 revs at €340.9, EBIT at €36.5m (vs 18.4 b
Mainfirst:
*HANNOVER RE-Confirms Net Inc tgt,slightly lower P&C Reins..........-0.5%
Mainfirst:
*HANNOVER RE-Confirms Net Inc tgt,slightly lower P&C Reins..........-0.5%
*BBVA-Net 940m(824.9),Bad Loans 5.4%,Fully Loaded CET1 10.3%........+1%
*KPN-Sales 1.75b(1.79),Ebitda 582m(591),Raises savings target.......-2%
*BAYER-In talks with Alphabet over co-op(data medical analysis).....U/C
*SWATCH-Sales 8.45b(8.64),OP 1.45b(1.56),B/Back 1b 2016-2019........-4%
*ABB-NI 204m(229.9),Ebita 1.04b(1.05),N/Orders 8.26b(8.97)..........+1%
*SYNGENTA-ChemChina cash offer,Sales 13.4b(13.5)Ebitda 2.7b(2.7)....+12.5
*LVMH-OP 6.61b(6.5),Net 3.57b(3.73),Rev 35.7b(35.5),R/G 6%(5).......+2%
*ROCHE-Said to approach Pacific Biosciences,no price - Reuters......-0.5%
*OSRAM-Rev 1.48b,Ebita 175m,Net Inc 338m,PT 445m,Divi stable........+2%
*NOVO-Net 8.26b(8.45),Ebit 11.1b(11.3),Rev 28.9b(28.8),Div 6.4......-2%
*DRAGERWERK-Sales 825m(792),Ebit 66m(80),Divi 13c(33),o/lk weak.....-7%
*QIAGEN-Rev 349m(348),EPS 31c(32),reaffirms '16 views...............-2%
*SANDVIK-Sales 20.9b(20.8),OP 770m(882.3)Orders 19.5b(19.8).........-1%
*KESKO-Sales 2.17b(2.17),EPS 47c(46),Divi 2.5(1.8)..................+2%
*KONECRANES-Sales 609m(606),OP 44.6m(43.6),Div 1.05(1.05)...........+1%
RBC:
ABB +3% Q4 8% ahead of cons on margin but smaller orders light of exp.
RBC:
ABB +3% Q4 8% ahead of cons on margin but smaller orders light of exp.
ADECCO/RAND -1% ROBERT HALF reported inline EPS on lower tax overnight.
BBVA 0% Q4 bottom line beat of 15%, lower impairments, guidance @ 8:30
GEM DIAMONDS 0% Q4 production beat, costs inline, continued price weakness
HANOVER RE. -2% Prices & Premiums miss expectations but reiterate guidance
KONECRANES -1% Q4 earnings, operating profit inline with expectations.
KPN -4% Headline miss (one off), EBITDA low end, domestic +'ve
LVMH +2% Earnings after hours ahead, Fashion & Leather 3% ahead
NOVO NORDISK 0% Q4 net light on VICTOZA, but does reiterate guidance at top.
SANDVIK 0% Small miss, but expected given peers, div cut, large S.I.
SEVERN TRENT 0% Q3'16 trading update inline, small raise in guidance
STAN/HSBC -2% Speculation in China of $185bln of reserve outflows for Jan.
SWATCH -3% Sales -2%, EBITDA -7% but better China trends. Big S.I.
SYNGENTA +10% CHEMCHINA offer equivalent to CHF489/share - all cash/div.