ML
* EUROPRIS - 20M SHARE PLACING HERE, PRICES AT 39, CALL DESK FOR DETAILS *
* MARINE HARVEST - Geveran sells 8.4%, 37.8m shs. NOK117/share. MS sole *
* TELENET - ($125m, Citi) – upsized to 2.5m shares. Citi Sole. *
* NEXITY - ($310m, SG sole) – 6.95m shares *
DARTY - Says It’s Reviewing Takeover Proposal from Steinhoff @125p.......RSTR
SUBSEA - EBITDA 50% ahead,Backlog down 10% QoQ, down 26% YoY..............+5%
VIRGIN MONEY - Strong set of results. Adj PBT came in at £160.3mn, 6% beat+5%
BILLITON - Potential Sanmarco settlement, $5bn over 15 yrs. Reuters.....+2/3%
STAGECOACH - trading update all v reassuring. Stock warned in December..+2/3%
NOVAE - GWP £787m up from £638m in 2014. Combined ratio of 90.8%..........+2%
BANKS - US Banks ok, breaking technicals to the upside. Europeans good....+2%
MINERS - Continue their march higher in Oz, should be ok here too.........+2%
ROYAL UNIBREW - 4% EBIT beat, growth strong, EPS 17% beat.................+2%
SYNTHOMER - Results in line/v small beat. Outlook in line w/ previous.....+1%
BARCLAYS - We REIT BUY post divi cut yesterday. 2016 another clean up year+1%
JUST EAT - Note out post numbers here; outlook keeps us bullish...........+1%
YARA - CMD focused on 1) crop nutrition growth 2) cost optimisation.......U/C
INTERTEK - Sales £2166m,Org growth 1.6%,EBITA margin 15.9%,all ok.........U/C
AIRBUS - Investor day in NYC - repeat of positive comments from London....U/C
JMAT - FD stepping down for personal reasons and mutual agreement.........U/C
DKSH - Longstanding CEO to transition to Chairman role some time in 2017..U/C
ITV - Revs ahead,EPS 2% beat,EBIT inline.Spec divi, but outlook uncertain.U/C
ISS - Looks solid but no guidance raise for 2016, said to be challenging..U/C
JERONIMO MARTINS - Earnings today after the close.........................U/C
ACERINOX - We DOWNGRADE to UNDERPERFORM, PO €8 post 4% miss on volumes....-1%
KUEHNE & NAGEL - FY Results marginally light, not enough for the multiple.-2%
LUXOTTICA - EBIT/NET both light.0.89 divi + buyback.Outlook ambitious.....-2%
LAIRD - FY15 Revs/EPS/Div in line.Growth weighted to H2 disappointing.....-3%
ELEKTA - Very poor. Sales 6% miss,EBITA 20% miss.Downgrade FY outlook.-10-15%
MainFirst Pre Mkt Indications
*K&N-FY Net 679m(674),Sales 20.3b(20.4),Ebit 850m(859),Div 5(4.2)......+1.7%
*ELEKTA-Q3 Sales 2.55b(2.72),Ebita 335m(436),more cost cutting.........-10%
*LUXOTTICA-Q4 Sales known 2.01b,Ebit 213m(224),NI 120m(136)............-2%
*LOGITECH-Reits 2016 o/lk,sees FY17 op Inc 185-200m,500m 2 s/hlders....+1%
*MORPHOSYS-FY Rev 106.2m(104.5),Ebit 17.2m(13.7),NP 14.9m(11.2),si 11%.+8%
*RWE-To name Markus Krebber as new CFO says Handelsblatt...............+1%
*RENAULT/NISSAN-Mulls buying stake in HERE mapping unit-Reuters........+0.5%
*BUREAU VERITAS-In partnership with Dassault Systems - Echos...........+0.5%
*BOSSARD-FY Ebit 70.3m(73),Net 54.5m(55.7),Divs 3(3),o/l tough.........-2%
*BOBST-FY Ebit 75.4m(73.6),Net 59.2m(54.35),outlook looks mixed........+2%
*AURELIUS-Rev 2b(2),Op Ebitda 266m(236),co plans 5-7 acq's in 2016.....+1%
*BRAAS MONIER-FY Sales 1.26b(1.26),NI 55.1m(44.9),Ebitda 196.8m(197.5).+3%
*PBB-II 102m(100),Com Inc 2m(3),RLL 7m(-4.3),EBT 30m(42),Div 43c(34)...+1%
*ISS-FY Rev 79.6b(79.2),Ebitda 5.31b(5.09),Mkt remains tough,150m b/b..+1%
CS
Acerinox -1-2% CS downgrade to NEUTRAL (2017E already being priced in)
Amec +2% New debt facility following completion of refinancing
Autos +1-2% US SAAR 17.9m units vs analyst est. 17.6m
Biomerieux -1-2% 2016 net 110m vs cons 145m, business remains volatile
Bossard -1-2% Sales 656.3mln cons 658mln, dividend inline
Corbion +1-2% Revenues slightly ahead, EBITDA slightly light, divi ahead
Elekta -5-7% Sales light, additional cost savings, guidance looks light
Hugo Boss M/P CS downgrade to NEUTRAL (No near term catalysts)
Intertek +1-2% PBT is a 3% beat against cons and EPS a 4% beat
ITV UNCH Revs a beat, special divi better, outlook for Q1 lighter
K+N -0.5% Gross pft better, divi and outlook inline, no special divi
Laird PLC M/P FY adj profit/revenues inline, divi slightly better
Logitech M/P New 2017 guidance more or less in line
Luxottica +1% Adj op income inline, net income 4% miss, positive buyback
MorphoSys +3-4% FY15 revs €106.2 vs cons €104.5m, outlok better
Miners +2% Copper +1.50%, Brent +0.90%, Iron Ore +1.45%, China +3.5%
Oils +1-1.5% U.S. API inventories 9.91m barrels, cons 2.35m
Poundland -5% CEO stepping down
Stagecoach M/P No's inline, keeps FY EPS expectations
Subsea -2-3% Dividend been cut, also taken an impairment