From: Pawan Girglani
Sent: 24 November 2016 07:56:32 (UTC+00:00) Dublin, Edinburgh, Lisbon, London
Subject: premarkets (late sorry)
Ml
* U.S. MARKETS closed for Thanksgiving Holiday today...........................
DOMINOS - PBT '16 guidance unch, capex to be £20m v indicated £33m (342)..+3-4%
REMY - +ve, org growth 7% v 6.7% cons. Spirits bucking staples trend (76).+2-3%
SEVERN TRENT - EBIT 2% & EPS 7% ahead. Main beat is interest costs (2255)...+1%
MARSTONS - Current trading inline with EBIT +4% YoY & PBT +7% YoY (137p)..+0.5%
MINERS - Copper +2.9%, Iron Ore unch with BHP OZ unch and RIO OZ +0.25%.....u/c
GENERALI - CEO says merger with Axa is not on the agenda; Les Echos (11.3)..u/c
VINCI - Confirms previously communicated outlook for FY revenue (59.31).....u/c
RIO TINTO - Guiding capex for FY16 "less than" $3.5b, we on $3.5b (3099.5)..u/c
PARAGON - We DOWNGRADE to Underperform, lowering our '17 EPS est 4% (366.8).-1%
LUFTHANSA - CEO says cannot survive if it agrees to union demands (12.65)...-1%
KWS - Cut FY16/17 margin guide, expect EBIT margin 10-10.5% v 11.4% (283)...-2%
THYSSEN - EBIT 9% ahead but conservative outlook, guidance 8% below (21.5)..-2%
PETS - 1H inline with LfL of 2.5% & DPS 2.5p (+25%) but outlook weak (223)..-4%
COUNTRYWIDE - Warning. Slow rental growth, rents falling. LDN biz -26% (184)-5%
CS
Accor +1% Euro RevPAR data +4.1% in last 28 days
Countrywide -10% guiding lower - FY16 EBITDA to be bottom of cons range
Dominos Piz +1-2% CMD - trading update fine, no change to overall guidance
Hss Hire -7-10% Warning - Q4 will be at lower end of expectations
IHG +1% US RevPAR data +6.1% in last 28 days
Linde M/P aid in Talks to Sell Logistics Unit Gist to HNA
Marstons M/P FY underlying rev. GBP905.8m, est. GBP901m
Miners +0.5-1% Copper +3.00%, Brent UNCH, Iron Ore +3.50%, China +0.54%
Mothercare -1-2% Headline inline - stalling margin due to weather
Remy +2% Numbers slightly ahead, confirms targets, US good
Rio S/P CMD - focus on cashflow, guidance unchanged
Severn Trent -2% Numbers inline, pension deficit worse
South32 S/P Headlines out of the AGM look inline
Thyssen -2-3% FY16 in line. FY17 guidance below consensus
UDG M/P Revs slightly light but pre-tax better, outlook inline
ML
*VINCI-Confirms outlook for FY Revenue and Results.................+1% *CS-Courting investors to raise $2b for a fund 2 buy HF Stakes.....U/C *LUFTHANSA-Says it cant survive if it gives into Union demands.....-0.5% *THYSSEN-FY Ebit 1.47b(1.47),Sales 39.3b(39.9),Div 15c(18).........-3% *RENAULT-France to impose trucks solution on Volvo - Tribune.......-1% *GENERALI-CEO says no AXA merger,will make axcquisitions - Echos...+1% *BBVA-Pursues acquistions in Argentina as market consolidates......U/C *BCO POPULAR-Bd reaffirms support Chairman and the Business Plan...+1% *ACS-Seeks to refinance €2.4b loan to reduce costs - Expansion.....+0.5% *KWS SAAT-Q1 Sales 133.3m(124),Ebit -28.8m(-35),FY Ebit lower......-2% *LINDE-Said to be in talks with HNA Grp about selling Gist($400m)..+0.5%
*REMY-H1 OP 123.9m(119.3),Op Margin 24.1%(23.2),FY tgt confirmed...+2% *ACTELION-Local press spec on a takeover bid,US Pharma co..........+3.5% *BNP-New Strategic plan next year,includes Inv Program 2-3bln......+0.5%