(BFW) Natixis 1Q Net EU287m vs EU270m Y/y


Natixis 1Q Net EU287m vs EU270m Y/y
2015-05-06 15:40:19.296 GMT


By Jim Silver
(Bloomberg) -- 1Q rev. EU2.19b vs est. EU2.07b.
* CET1 ratio 10.6% at March 31


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FT : Ex-rock star is third most popular candidate for Polish presidency


When he announced his independent and crowdfunded candidacy in January, journalists and politicians took it with a pinch of salt. But with the support of 11 per cent of voters in the final days of the campaign, drawn mainly from disgruntled mainstream parties, Mr Kukiz is the most popular anti-establishment candidate in Sunday’s elections.

“My conscience did not allow me to live comfortably as a musician, as I could not fight for dignity of Polish people with a microphone. I chose to beat the system instead of playing music,” the 51-year-old told the Financial Times, wearing thick black leather boots and a black sweatshirt bearing Poland’s national emblem.

Mr Kukiz, who is one of Poland’s most famous musicians and had a string of top 10 hits in the early 2000s, has one campaign pledge: to rip up the country’s political system.

“I want to bring Poland back to its citizens by introducing single-member constituency in general elections,” he said. “Today our country is in the hands of political clans, which have been beneficiaries of the proportional representation since 1989. People cannot vote for a citizen: they have to vote for political parties.”

Mr Kukiz will fight for third place on Sunday in a vote that is likely to be won by incumbent Bronislaw Komorowski, the candidate of the ruling Civic Platform party.

But the relative success of his candidacy, and support for other fringe candidates that support his anti-establishment message, has made constitutional reform a buzz topic of the election.

Mr Kukiz has also suggested he could team up with the radical rightwing politician Janusz Korwin-Mikke, who draws around 4 per cent support in recent polls, in the country’s general election in October.

“I would join even a farmers’ housewives association, if they had a single-member constituency in their programme,” he said. “My participation in this run is only one step towards a new constitution. Regardless the result, I have already won: I have sparked the faith that together we can change the existing rules.”

But the question remains whether Poland would elect a man who once sung in a band called “Kukiz and the Breasts” as their head of state.

“Americans trusted an actor, and he succeeded,” he said. “[Ronald] Reagan loved his fatherland and this is the only rule I want to follow.”

>>> Philip Morris International reaffirms guidance for FY15 (Dec), sees EPS of $

Philip Morris International reaffirms guidance for FY15 (Dec), sees EPS of $4.32-4.42 vs. $4.39 Capital IQ Consensus Estimate

This forecast includes incremental spending versus 2014 for the deployment of PMI's Reduced-Risk Product, iQOS. The spending, which is skewed towards the second half of the year, will support plans for national expansion in Japan and Italy, as well as pilot or national launches in additional markets, later in 2015. This forecast does not include any share repurchases in 2015. This forecast excludes the impact of any future acquisitions, unanticipated asset impairment and exit cost charges, future changes in currency exchange rates and any unusual events.

>>> Choice Hotels misses by $0.01, beats on revs; guides Q2 EPS below consensus;

Choice Hotels misses by $0.01, beats on revs; guides Q2 EPS below consensus; guides FY15 EPS below consensus
Reports Q1 (Mar) earnings of $0.37 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.38; revenues rose 9.7% year/year to $175.25 mln vs the $166.2 mln consensus. Co issues downside guidance for Q2, sees EPS of approximately $0.58 vs. $0.64 Capital IQ Consensus Estimate. Co issues downside guidance for FY15, sees EPS of $2.14-2.21 vs. $2.23 Capital IQ Consensus Estimate.

>>> SodaStream beats by $0.13, reports revs in-line -->2.7% pre open

SodaStream beats by $0.13, reports revs in-line (18.89)
Reports Q4 (Dec) earnings of $0.35 per share, excluding restructuring an impairment charges (GAAP EPS -$0.39), $0.13 better than the Capital IQ Consensus Estimate of $0.22; revenues fell 24.7% year/year to $126.5 mln vs the $127.14 mln consensus.
  • The decrease in revenue compared to the fourth quarter 2013 was mainly due to lower demand for sparkling water makers and flavors in the U.S. during the holidays, partially as a result of the elimination of discounting and promotional activities that took place in the same period in 2013, and also reflects an adverse foreign currency exchange rate impact of $7.6 million, primarily due to the weakening of the Euro/U.S. Dollar exchange rate by 7%.
  • "As we announced, in conjunction with our growth plan, we have begun to reform our operational and organizational structure to better support our new strategy and drive improved efficiencies. While our actions will impact our near-term performance, we believe they will put us on stronger footing for delivering long-term profitable growth and increased shareholder value."

- SodaStream announces the launch of the SodaStream Power Sparkling Water Maker, its latest innovation, which enhances its Source with touch-button technology
- trimmed presence at WMT, M, SHLD as expected and is focusing on expansion of new product lines
- says it will still refrain from providing specific guidance (co did not provide guidance last quarter either)
- was asked about US profitability; co said less mix and more volume will drive profits; co says expects to return to growth in H2 2015 followed by profitability gains; sees FY15 gross margins in line with last year