RTRS - DONGGUAN KINGSUN OPTOELECTRONIC 002638.SZ SAYS SCRAPS PLAN TO ACQUIRE PHILIPS' SPIN-OFF LUMILEDS AFTER DEAL IS BLOCKED BY THE U.S.
EU Commission confirms receipt of Portugal's 2016 draft budget on Friday, Jan 22nd - EU to provide update on budget in due time
Recent comments on Portugal budget:
- On Jan 15th Portugal PM Costa affirmed 2016 budget deficit to GDP target at 2.8%
- On Nov 26th New Portugal govt sworn in by President Silva and was warned not to stray from budget consolidation path agreed with the EU. Later the - EU Commission stated that it was in contact with Portugal govt on several levels and awaiting 2016 draft budget
RTRS - SENIOR IRAQI OIL OFFICIAL SAYS IRAQ TO GROW OUTPUT FURTHER THIS YEAR, MAY REACH 4 MLN BPD OUTPUT FROM COUNTRY'S SOUTH
LafargeHolcim expects synergies of CHF 1.5bn, possible share buybacks
LafargeHolcim expects to reap synergies of CHF 1.5bn (EUR 1.36bn) through the merger of Holcim und Lafarge, Sonntagszeitung reported.
Its Chief Executive, Eric Olsen, told the Swiss weekly that while the merger had not yet resulted in the benefits expected, this was normal for such a complex, global merger.
Olsen said it would take time but the merger would generate a massive increase in value and shareholders would benefit through special dividends and share buyback programmes.
He added that the merger would enable annual investments to be reduced to CHF 2bn per year from CHF 3bn. Divestments of company units valued at CHF 3.5bn are also planned, Olsen stated, confirming previous company comments.
Sonntagszeitung
RTRS - EXCLUSIVE-EU ANTITRUST REGULATORS SET TO CLEAR WITHOUT CONDITIONS SCHLUMBERGER'S SLB.N $14.8 BLN BID FOR OILFIELD GEAR MAKER CAMERON CAM.N
OPEC Sec Gen al-Badri: Oil surplus mostly caused by OPEC non-members; both OPEC and Non-OPEC members need to solve the situation - comments from London
- Cruicial that OPEC and Non-Opec members meet to resolve the inventory overhang
- Says $10T needs to be invested in new oil supplies to 2040
- Market situation jeopardizing investment in new supplies
*EL-BADRI: $10T NEEDS TO BE INVESTED IN NEW OIL SUPPLIES TO 2040
*LOW PRICES ARE RISKING NECESSARY INVESTMENT IN SUPPLY: BADRI
Sinopec : &P cuts rating to A+; outlook stable - Sees further cut over the next 24 months as remote
Baader Helvea
* ADS GY +0.3% To drop sponsorship of IAAF 4 yrs early - BBC
* ALV GY +0.6% Reduced its stake in China Pacific Insurance from 9.11% to 3.79%.
* AR4 GY +1.5% CEO says 2015 results exceeded target - EamS
* CON GY / GMM GY / LEO / ZIL2 GY +96.0% Johnson Controls said in talks to combine with Tyco Intl - WSJ
* DLG GY +0.8% Apple (+5.3%) Fri as brokers pushing ahead of earnings this week, due Tues 26th Jan
* DUE GY +75.0% VW may cause backlash against diesel but component makers are gearing up for electric vehicles - FT
* LHN VX +2.0% CEO says co to sell assets valued at Chf3.5b, s/s's to benefit fron SBB, spec divis - SoZ
* PBY GY +2.5% Released v stron prelim 20015 ke figs
* SIE GY +1.3% Sais to buy CD-adapco for close to $1b - Rtrs
* SYNN VX +2.0% ChemChina is reportedly closing in on a higher offer - FT
* TLG GY +1.0% CFO indicted to spend same amount as in 2015 for property purchases, adding war chest is at least €250m
* VOW3 GY +75.0% Nearly all managers involved in possible emission problems knew about manipulations - SudZ
* WIN GY +3.0% 1Q sales +14%, raises FY op profit outlook
MainFirst Pre Mkt Indications
*SIEMENS-Said to Buy CD-adapco for Close to $1b(private co)-Rtrs......U/C
*ADIDAS-To drop sponsorship of IAAF 4 years early says BBC............+0.5%
*AURELIUS-CEO says '15 results exceeded target - Sonntag..............+0.5%
*LAFARGEHOLCIM-Co to sell assets valued at CHF3.5b by '18 - SOZ.......U/C
*WINCOR-Boosts earns guidance to 60-80m(50),Q1 Rev 727m(652)..........+3%
*AIRBUS-Iran to sign deal to buy 114 planes this week worth $3b.......+1%
*EDF-May sell part of french power grid RTE - Journ du Dimanche.......+0.5%
*SAIPEM-May win €5b contract in Iran says La Repubblica...............+1%
*LVMH-Targets sale of 100k-120k smartwatches in 2016..................+0.5%
*REPSOL-To maintain Divi says Cinco Dias..............................+0.5%
*THYSSEN-CEO reits FY outlook,positive on Auto and China..............+0.5%
*SIEMENS-Said to Buy CD-adapco for Close to $1b(private co)-Rtrs......U/C
*ADIDAS-To drop sponsorship of IAAF 4 years early says BBC............+0.5%
*AURELIUS-CEO says '15 results exceeded target - Sonntag..............+0.5%
*LAFARGEHOLCIM-Co to sell assets valued at CHF3.5b by '18 - SOZ.......U/C
*WINCOR-Boosts earns guidance to 60-80m(50),Q1 Rev 727m(652)..........+3%
*AIRBUS-Iran to sign deal to buy 114 planes this week worth $3b.......+1%
*EDF-May sell part of french power grid RTE - Journ du Dimanche.......+0.5%
*SAIPEM-May win €5b contract in Iran says La Repubblica...............+1%
*LVMH-Targets sale of 100k-120k smartwatches in 2016..................+0.5%
*REPSOL-To maintain Divi says Cinco Dias..............................+0.5%
*THYSSEN-CEO reits FY outlook,positive on Auto and China..............+0.5%
CS
Airbus +1-2% Contract spec from Iranian President Hassan Rouhani
Atlas Copco -1% CS downgrade to NEUTRAL (Risk reward balanced)
Autoliv +1-2% Takata shares -11.4% in Tokyo
Fenner -1% CS downgrade to UNDERPERFORM (Unattractive ROIE)
Geberit +1-2% CS upgrade to OUTPERFORM (Sanitec deal positive)
GKN -1% CS downgrade to NEUTRAL (Low cash conversion)
Imagine Tech +2% To start cost-cutting programme according to Sunday Times
IMI -1% CS downgrade to UNDERPERFORM (Valuation)
Lafargeholcim +2% Positive comments in the press on buybacks, divis, savings
Lloyds UNCH UK bannks Face fresh £5bn PPI mis-selling bill, Sky
Miners +1-2% Copper -0.70%, Brent +4.4%, Iron Ore -1.70%, China +0.04%
Oils +1% Brent +4.4% to $32.75, WTI +3.35% to $32.65
Siemens M/P Said to buy CD-Adapco for close to $1B, Reuters
Spectris -1% CS downgrade to NEUTRAL (Muted growth outlook)
Sthree +1% FY Revs and Pretax in line, outlook slightly cautious...CS
Atlas Copco -1% CS downgrade to NEUTRAL (Risk reward balanced)
Autoliv +1-2% Takata shares -11.4% in Tokyo
Fenner -1% CS downgrade to UNDERPERFORM (Unattractive ROIE)
Geberit +1-2% CS upgrade to OUTPERFORM (Sanitec deal positive)
GKN -1% CS downgrade to NEUTRAL (Low cash conversion)
Imagine Tech +2% To start cost-cutting programme according to Sunday Times
IMI -1% CS downgrade to UNDERPERFORM (Valuation)
Lafargeholcim +2% Positive comments in the press on buybacks, divis, savings
Lloyds UNCH UK bannks Face fresh £5bn PPI mis-selling bill, Sky
Miners +1-2% Copper -0.70%, Brent +4.4%, Iron Ore -1.70%, China +0.04%
Oils +1% Brent +4.4% to $32.75, WTI +3.35% to $32.65
Siemens M/P Said to buy CD-Adapco for close to $1B, Reuters
Spectris -1% CS downgrade to NEUTRAL (Muted growth outlook)
Sthree +1% FY Revs and Pretax in line, outlook slightly cautious...CS