CS:
Accor UNCH CS reiterate UNDERPERFORM
Aperam M/P Considering Bid for its French Stainless Tubes Business
Brunello +2-3% Sales inline, expects double-digit growth of revs/profits
Elior -1% CS DOWNGRADE to NEUTRAL (High capex/valuation)
Eurotunnel M/P Says 2016 Passenger Shuttle Traffic Rose 2%
Euro Steels -1-2% US peer AK -3.7%, biggest drop since Dec. 9
Go Compare +1-2% 2016 revenues inline but operating profit ahead
IHG +1% CS reiterate OUTPERFORM (High quality/low risk)
Just Eat -1-2% FY order update inline
K&S -0.5% Profits at K+S salt unit are below target
Metro -1-2% Q1 Sales EU 17bln est EU 17.1bln, had a good run
Miners UNCH Copper +0.45%, Brent -0.85%, Iron Ore +2.85%, China +0.10%
Morrison +4-5% LFL good, increase guidance
Pershing +1% VRX said it will sell its Dendreon Pharmaceuticals unit
Phoenix +1% Cash generation inline with expectations
Playtech +1-2% CFO to become CEO, FY to be inline
Rob Walter +2-3% UK strong, Europe good, APAC slightly weak
Sika -1% FY16 sales in line, growth slightly light
SSAB -2-3% Oxelosund Restart Pushed Back Until Beginning of February
Telit M/P Group revs 2% light, guidance inline
Vivendi -1% CS INITIATE with UNDERPERFORM (Uncertainty at Canal+)
Whitbread +1-2% CS UPGRADE to OUTPERFORM (Improving macro)
Shore
MORRISON - Sees fy adj ptp 330-340(Saw 314m).9 wks comp sales +2.9%..........+3%
BOOHOO - 4 month UK sales+31%.Sees Fy 2017 rev growth43-45%(Was 38-42%)......+3%
PLAYTECH - Sees fy in line with estimates....................................+1%
MAJESTIC WINE - Sees fy pft in line as Holiday sales rose 15%................+1%
ROBERT WALTERS - Sees fy ptp slightly ahead of estimates.....................+1%
PREMIER FOODS - in talks with major retail customers to raise prices (cityam)+1%
TOPPS TILES - Q1 LfL +0.3% in softer trading conditions,holds market share...-1%
TARSUS - FY trading in line, positive outlook for 2017,bookings in line.....UNCH
ABCAM - H1 revs +10%,on track to deliver on FY expectations..................+1%
GAMES WORKSHOP - sales +28% £70.9m,oper.pft up £5m to £9.7m..................+1%
H&T - sees FY PBT marginally ahead, increases profits on higher gold prices..+3%
JUST EAT - FY results in line,order growth +42%,LfL +36%....................UNCH
NICHOLS - revs +7.3%,strong Vimto sales in UK,profits/EPS in line with expec.+1%
PHOENIX GRP - generates £486m cash,meets target............................+0.5%
RBC Pre-Market Indications:
*ABCAM: +3% bullish interim statement, solid underlying growth (10%).
*AENA: +1% EXPANSION: Spain doesn't plan further sale of stake.
*AIR LIQUIDE: +1% contract win with MITTAL supply deals in France & Belgium.
*ASC/ZAL: +1% positive read from BOOHOO posting Q4 revs +55%.
*BIG YELLOW: +1% Q3 LFL rev +5%, FY remains in line.
*BRUNELLO CUC.: +1% LFL +3.9% FY v 3.8% in 9-month, double-digit growth sales/profit '17.
*CFR: +1% positive read from CHOW TAI FOOK (+5.5%), better SSSG in M. China.
*DBK: -1% HANDELSBLATT: strategic review could be March potentially.
*EUROTUNNEL: 0% Dec traffic in line, cars slightly better, trucks slightly worse.
*GOCOMPARE: +2% rev approx. £142M, +19% on '15 & in line with guidance.
*HAYS/PAGE: +1% positive read from ROBERT WALTERS & UK staff data.
*K+S: -1% FAZ: salt-unit profit below target due to mild weather.
*JUSTEAT: -2% '16 LFL orders +36%, set to deliver guidance, disappointing.
*MEO: -3% Q1 sales in line, real sales -4% on weak start to Xmas, FY confirmed.
*MRW: +3% LFL Sales (ex-fuel) +2.9% v +0.7% consensus, raising FY guidance 7%.
*ROBERT WALTERS: +3% FY pretax profit "slightly" ahead of estimates, net income +11% YoY.
*SANOFI: -1% no opening to ACTELION talks due to "exclusive relationship" with J&J.
*SIKA: +4% '16 sales +5.6%, '17 targets raised.
*SYNGENTA: +1% CHEMCHINA submitted proposals to appease the EU.