ML
INMARSAT - 2 contracts win +ve for senti. Next 5 yrs approx 2000 vessels..+2%
TEF - Positive. CVC, Apax in talks for joint £10B raid on 02; S.Times.....u/c
SOCO - We UPGRADE to Buy with PO 170p, indicating 40% upside potential....u/c
GENMAB - POLLUX data for Darzalex confirmed best-in-class profile.........u/c
LVMH - CEO of watch division says Tag grows revs c. 20% in 2016 YTD.......-1%
LAFARGEHOLCIM - Planning asset sales in additional 9 countries; FT........-1%
UK BANKS - ODCHLEAV (betting av odds for leave) up another 7% over w/e....-1%
MERLIN - Inline with goal to sell EUR300m of resi into a bigger vehicle...-1%
BMW - Expects US market becoming more difficult as mkt should stagnate....-2%
SAFRAN - We DOWNGRADE to Neutral with PO of EUR65. O/P EU peers by 7% ytd.-2%
G4S - Mateen, who carried out mass-shooting in Florida was active employee-5%
CS
Accor -1-2% HNA had no discussion with Accor and doesn't plan any
Autos -2% BMW US head says US market becoming more difficult
Larfarge Hol M/P Co is stepping up its post-deal disposal programme
LVMH -0.5% Tag Heuer CEO says Jan-May sales rise 20% y/y
Man Group -0.5% FT reporting $14bn fresh money into quant strategies in Q1
Miners M/P Gold +0.5%, Copper +1.25%, Iron Ore futures +2%
Novo Nord +0.5% Semaglutide Showed Superiority in 2 SUSTAIN Trials
Oils -1-2% Rig count rose again, WTI -2% from EU close
Richemont -0.5% Tag Heuer CEO says Jan-May sales rise 20% y/y
Rio Tinto M/P Rio Tinto Hires Goldman to Help Privatize Copper Unit (ST)
South 32 M/P Strike at nicklel mine in columbia looking less likely
Swatch -0.5% Tag Heuer CEO says Jan-May sales rise 20% y/y
Telefonica M/P Apax, CVC Capital May Make Joint Bid for O2
UBM unch DOJ Files for clearance for propsed sale of PR Newswire.
Weir M/P Baker Hughes rig count @ 414 vs 408 w/w
Investec
UK
* EASYJET-Hopes for constructive dialogue after Pilots plan June 14 strike..-1%
* GVC HDG-NJ Regulator confirms BWIN deal meets license requirements.......unch
* INMARSAT-Signs 5 yr fleet express partnership with Speedcast.............unch
* RIO-hires GS to help privatise copper unit(S Times).......................-2%
* TAPTICA-Opens new office in Seoul to increase exposure in Asia Pac.......unch
* UBM-DoJ has files for clearance for proposed sale of PR Newswire.........-½%
Europe
* ACCOR- HNA denies reports that it has discussed taking stake..............-1%
* AIR FRANCE-25% of pilots strike, sees 'tens of millions' in losses.....-1.5%
* BAER-to focus on organic growth says CEO..................................-1%
* BASF-won't counterbid for Monsanto(Dealreporter), no real surprise......-0.5%
* BAYER-Monsanto rejects new offer(same terms), wants higher price (DJ)...-0.5%
* DAIMLER-signs 4bn Yuan deal with BAIC Motor...............................-1%
* HENKEL-targets further growth through aqns (RP)...........................-1%
* LAFARGEHOLCIM-disposals programme to exceed Chf3.5bn (FT)...............+0.5%
* LANXESS-wants to join rubber consolidation, won't be rushed(CEO in BZ)....-1%
* LVMH-Tag Heuer CEO says Jan-May sales rose 20%(Rtrs)......................U/C
* SIEMENS-Chairman confirms will not make bit for KUKA(-2%).................-1%
* TEF-Apax, CVC may make jt bid for O2 (S Times)............................U/C
* VESTAS-to produce 3.45MW turbine in China (CEO).........................
MainFirst Pre Mkt Indications
*HENKEL-Targets further growth through acquistions - Rheinische......-0.5%
*BAYER-MON will not open books,also MON/PFE bid for Bayer-Spiegel....-2%
*TELEFONICA-Apax & CVC may make joint bid for O2(£10b)-S/Times.......+0.5%
*BASF-Won't counterbid for Monsanto,may buy some assets-D/Report.....-1.5%
*SIEMENS-CEO says co isn't bidding for robot maker Kuka..............-1%
*BAER-To focus on Organic Grth in 2016,New Money inflow Q1 weak......-0.5%
*ACCOR-HNA Hospitality says didn't talk to Accor on acquisition......-1%
*MERLIN-And Metrovacesa plan vehicle for Rental Homes-Press..........U/C
*BMW-Expects an ongoing difficult environment in the US..............-1%
*ALLIANZ-CIO lower-quality comm.real est mkt close to a 'bubble'.....-1%
*LANXESS-CFO said get away from cyclicality,focus Div,not M&A........-1%
*AIRBUS-Govt approves arms exports to Tunisia/Nigeria-Spiegel........+0.5%
*LAFARGE-Disposal program to exceed CHF3.5bln says FT................+0.5%
*LVMH-Tag Heuer CEO says Jan-May sales rose 20% - Reuters............U/C
shore- enters strategic partnership with network provider SpeedCast...UNCH
GVC - gains New Jersey licence approval....................................+2%
FUTURA MEED - signs agreement with TTK,eyes entry into India................+2%
UBM - DoJ files for clearance for proposed sale of PR Newswire.............+1%
PLEXUS - looks to raise £6m in placing at 65p to boost balance sheet.......MKT
SPORTS DIRECT - said to have made a last-ditch bid for some BHS stores....UNCH
RBC PRE-MARKET INDICATIONS:
*HEIA/ABI: +1% AC Nielsen May data positive volume share gain, HEIA +8.5% YOY.
*JULIUS BAER: 0% focus on Asia, CEO confident reach new money growth target.
*KUKA: 0% SIEMENS CEO Kaeser denies bidding for robot maker KUKA.
*LVMH +1% TAG HEUR Jan-May Sales +20% YOY, demand for 80,000 smart watches.
*RBS: 0% claims pushing software co. into administration to benefit from sale.
*SANOFI: +1% LIXILAN diabetes drug trial meets key targets.
*TELEFONICA: 0% Apax & CVC may joint bid for O2 (£10B).