ML
VOLVO - CEO says focusing on boosting profitability in Dagens Industri(99)+2-3%
ST JAMES - We UPGRADE to Buy, PO 1090p. Think advice you can rely on (965)..+2%
JIMMY CHOO - Solid. Back on tract to deliver highest earnings growth (131.5)+2%
VOW - 'Future Pact' agreed, margin target could disappoint today (131)....+1-2%
SAGE - US peer Intuit reported small beat on rev/earnings. U/G away (685).+1-2%
LAFARGEHOLCIM - CMD. Lower 2018 targets but raise cash returns (CHF55.45)...+1%
SAP - Positive read across from salesforce.com beat o/n, +5% aft hrs (78).+0.5%
HANNOVER RE - We DOWNGRADE to Neutral, PO 105 on rise in bond yields (103)-0.5%
MUNICH RE - DOWNGRADE to Underperform, PO 170 on rise in bond yields (174)-0.5%
MAERSK - Spec potentially bidding for Dong Oil unit valued at >$2b (8880)...-1%
MINERS - Copper -0.9%, Iron Ore -2.9% with BHP OZ +0.17% & RIO OZ -0.4%...-1-2%
MainFirst
*VW-Planning to cut €3.7b a year through 2020,30k jobs to go.......+1%
*VW-Planning to cut €3.7b a year through 2020,30k jobs to go.......+1%
*AIRBUS-Wins $1.3b order for 13 planes from Japan's Peach..........+0.5%
*VOLVO-CEO focusing on boosting profitability - DI.................+0.5%
*LAFARGE-Cuts '18 Ebitda tgt 7b(+8b),b/back over 2yr 1b,Div CHF2...+2%
*UNICREDIT-No firm decision yet on Capital Optimization............-0.5%
*MAERSK-And EIG among potential bidders for Dong's oil.............U/C
*BPOST-Invites PostNL 2 discuss merger terms,S/hldrs push 4 deal...U/C
*AIR FRANCE-Plans management changes, Head of Long-Haul to leave....U/C
*SAP-Positive read across from SalesForce last night,stk +5.5%.....+0.5%