Euro-Stoxx-50 to reshuffle on Friday: Hearing BBVA, Llyods Bank, Santander, Total will see weight increase and Philips weight to decrease
Iliad Rises After Announcing Subsidized Smartphone Offering
2013-12-17 08:32:52.466 GMT
By Sam Chambers
Dec. 17 (Bloomberg) -- Iliad rises as much as 3% vs Stoxx
600 telcos -0.3%, with volume reaching 20% of its 3-month daily
avg in the first 30 mins trading.
* Earlier, Iliad announced it will allow new customers to rent
Samsung Galaxy S4, iPhone 5s and Samsung Galaxy Note 3
handsets for EU12/month plus downpayment of at least EU49
* Espirito Santo (buy) says Iliad’s offer very aggressive,
will likely force rivals to respond to limit mkt share
losses
* NOTE: Orange shrs down as much as 2.9%; earlier co.
announced its EU24.99/month 4G offering
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--Editor: Nadine Skoczylas
To contact the reporter on this story:
Sam Chambers in London at +44-20-7673-2021 or
schambers7@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2013-12-17 08:32:52.466 GMT
By Sam Chambers
Dec. 17 (Bloomberg) -- Iliad rises as much as 3% vs Stoxx
600 telcos -0.3%, with volume reaching 20% of its 3-month daily
avg in the first 30 mins trading.
* Earlier, Iliad announced it will allow new customers to rent
Samsung Galaxy S4, iPhone 5s and Samsung Galaxy Note 3
handsets for EU12/month plus downpayment of at least EU49
* Espirito Santo (buy) says Iliad’s offer very aggressive,
will likely force rivals to respond to limit mkt share
losses
* NOTE: Orange shrs down as much as 2.9%; earlier co.
announced its EU24.99/month 4G offering
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--Editor: Nadine Skoczylas
To contact the reporter on this story:
Sam Chambers in London at +44-20-7673-2021 or
schambers7@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
31.12 mil shares traded yesterday on 1st day of trading on 66.8mil shares placed almost 50% of issue traded yesterday
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BN 12/17 08:29 *RAY INVESTMENT PLACING OF 7% STAKE IN REXEL AT EU17.9/SHR BN 12/17 08:28 *RAY INVESTMENT COMPLETES PLACING OF A 7% STAKE IN REXEL
+------------------------------------------------------------------------------+
*RAY INVESTMENT PLACING OF 7% STAKE IN REXEL AT EU17.9/SHR 2013-12-17 08:30:01.609 GMT
--CORMAC MULLEN
-0- Dec/17/2013 08:30 GMT
SOVEREIGN DEBT: EBA STRESS TESTS. EUROPE: HIGH EXPOSURE FOR UNICREDIT (€59B), ISP (€52B), SANTANDER (€52), BNP (€48), BBVA (€22B). LATAM: HIGH EXPOSURE FOR SANTANDER (€14B), BBVA (€8B). WE DO NOT KNOW ANYTHING YET ABOUT THE WAY ECB
WILL STRESS SOVEREIGN DEBTS (ie level or hierarchy of discounts ...): The EBA has just updated figures that served as the basis for past stress tests. These figures reveal pronounced differences in sovereign debt holdings. Unicredit is the biggest holder of European sovereign debt, followed by ISP, Santander and BNP Paribas. BBVA appears to have far less exposure. Santander and BBVA also have large holdings of Latin American sovereign debt. Given that sovereign debt will be stress tested (how?), these figures are a reminder of the sensitivity of Italian banks to their sovereign debt.
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ONE 12/17 07:45 CGG: CGG to implement a new Strategic Phase BN 12/17 07:49 *CGG: LOW AVAILABILITY RATE TO HURT 4Q EARNINGS BN 12/17 07:49 *CGG SAYS 4Q AVAILABILITY RATE WILL BE AROUND 80% BN 12/17 07:48 *CGG SAYS CLIENTS CONTINUE TO DELAY LARGE PROJECTS BN 12/17 07:48 *CGG SAYS CURRENT MARKET CONDITIONS DIFFICULT BN 12/17 07:48 *CGG AIMS TO LIFT EBIT MARGIN 400 BPS IN 2016 V 2013 BN 12/17 07:47 *CGG CITES FLEET-CAPACITY REDUCTION FOR 2013 WRITEOFF BN 12/17 07:46 *CGG TO TAKE WRITEOFF IN 2013 ACCOUNTS BFW 12/17 07:46 *CGG CUTS 2013 EBIT TARGET TO $400M-$420M BN 12/17 07:45 *CGG CUTS 2013 EBIT TARGET TO $400M-$420M BN 12/17 07:45 *CGG CUTS 2013 EBIT TARGET BN 12/17 07:45 *CGG: '13 EBIT REVISED DOWN TO $400M-$420M BN 12/17 07:45 *CGG: CGG TO IMPLEMENT NEW STRATEGIC PHASE
+------------------------------------------------------------------------------+
CGG Cuts 2013 Ebit Target to $400M-$420M v $470M 2013-12-17 08:01:23.621 GMT
By David Whitehouse Dec. 17 (Bloomberg) -- Co. will take writeoff in 2013 accounts due to prospect of fleet-capacity reduction, it says in a statement. * Co says 4Q fleet availability rate will be around 80% and that this low level will hurt earnings * Co. had predicted 2013 Ebit margin of between 12% and 13%, and Ebit of $470M * Current market conditions difficult, co. says; clients continue to delay large projects * Co. seeks to lift 2016 Ebit margin 400 bps v 2013.
Link to Company News:{CGG FP <Equity> CN <GO>}
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To contact the editor responsible for this story: David Whitehouse at +33-1-5365-5059 or dwhitehouse1@bloomberg.net
FRENCH TELCOS INTERVIEW OF ORANGE CEO IN FRENCH PRESS, DETAILS ON 4G WITH
* - FRENCH TELCOS INTERVIEW OF ORANGE CEO IN FRENCH PRESS, DETAILS ON 4G WITH THE LOW COST BRAND AT BOUYGUES: CEO of France Telecom mentions he's not ready to sign a 4G agreement with Iliad and even questions the renewal of the 2G/3G agreement (Mr Richard is very agressive with Mr Niel, ILD's CEO, he's lobbying for his job to be renewal in Q1 2014 we believe)) Separately, Bouygues confirms he will integrate the 4G in its low cost brand (B&YOU) WITH NO ADDITIONAL COST and France Telecom says it will do the same with its own low cost brand (Sosh) as soon as January... OUR VIEW: this confirms our view on the French telco market, NO GOOD NEWS AHEAD (4G is worth zero, price war at his top...). We do not believe though ORA will end its 2G/3G agreement with ILD as it would acc to us cut its FCF by E700m and should thus lead to a dividend cut.
BN 12/16 19:56 *REXEL SHARES SAID TO BE OFFERED AT EU17.65 TO MARKET PRICE
Rexel Shares Said to Be Offered at EU17.65 to Market Price
2013-12-16 19:58:49.351 GMT
By Ruth David
Dec. 16 (Bloomberg) -- Ray Investment selling 20m shrs for
~EU353m.
* NOTE: Rexel closed at EU18.425 today
* NOTE: Earlier, Ray Investment to Sell 20m Rexel Shares on
Market {NSN MXWZ9Z6JIJW1 <go>}
Link to Company News:{3046133Z LX <Equity> CN <GO>}
Link to Company News:{RXL FP <Equity> CN <GO>}
For Related News and Information:
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To contact the reporter on this story:
Ruth David in London at +44-20-3525-8095 or
rdavid9@bloomberg.net
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2013-12-16 19:58:49.351 GMT
By Ruth David
Dec. 16 (Bloomberg) -- Ray Investment selling 20m shrs for
~EU353m.
* NOTE: Rexel closed at EU18.425 today
* NOTE: Earlier, Ray Investment to Sell 20m Rexel Shares on
Market {NSN MXWZ9Z6JIJW1 <go>}
Link to Company News:{3046133Z LX <Equity> CN <GO>}
Link to Company News:{RXL FP <Equity> CN <GO>}
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To contact the reporter on this story:
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rdavid9@bloomberg.net
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
Statoil ASA Announces sale of 10% share of its 25.5% stake in the Shah Deniz Pipeline for $1.45B
- The buyers are SOCAR (6.7%) and BP (3.3%).
- The current Statoil equity production (gas and condensate) from Shah Deniz as per third quarter 2013 is 56 000 barrels of oil equivalents per day.
- The current Statoil equity production (gas and condensate) from Shah Deniz as per third quarter 2013 is 56 000 barrels of oil equivalents per day.
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UBP Says Talks With Syz Concern Cooperation, Le Temps Reports 2013-12-17 07:19:21.920 GMT
By Andy Hoffman Dec. 17 (Bloomberg) -- UBP denies report by Bilan that said it’s preparing takeover of Syz, Le Temps says, citing spokesman. * Talks are only about cooperating on “certain” number of activities, spokesman says, according to newspaper * Syz denies any agreement with UBP or any other establishment, Le Temps says
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--Editor: Thomas Mulier
To contact the reporter on this story: Andy Hoffman in Geneva at +41-22-317-9218 or ahoffman31@bloomberg.net
To contact the editor responsible for this story: David Risser at +44-20-7673-2513 or drisser@bloomberg.net