|
|
Shell "has agreed to acquire subsidiaries which own substantially all of the business of East Resources, Inc ("East Resources") for a cash consideration of $4.7 billion, from East Resources, and its private equity investor Kohlberg Kravis Roberts & Co."
Severn Trent, a water, waste, and utility services supplier, reported FY underlying group profit before tax of £338.4m vs £273.5m a year ago. The Co increased its FY ordinary dividend payments by 7.4% YoY to 72.32p per share.
Electrocomponents said its FY10 reported profit before tax reached £76m, down 21.2% YoY and dividend was at 11p per share, in line with last year.
Bunzl acquired Juba, a supplier of personal protection equipment with FY09 revenues of E21.9m.
DS Smith agreed to sell its corrugated packaging operation in Turkey to Olmuksa International for a cash consideration of £4.7m.
Daejan Holdings, Dunelm Group: FY results expected.
Wood Group (John) Plc: shareholders meeting
Insurance, auto & parts and oil & gas shares gained most in London yesterday.
Industrial Goods & Services: Homeserve Plc (+5.82% to 2017p) reached a new 3-month relative high against the FTSE 100.
Financial Services: ICAP (+5.58% to 391.7p) reached a new 3-month relative high against the FTSE 100.
Personal & Household Goods: Burberry Group (+5.01% to 692p) closed at a 3-month relative high against the FTSE 100.
Basic Resources: Fresnillo (+4.75% to 883p) reached a new 3-month relative high against the FTSE 100.
|
|
Latest broker recommendations
|
|
Marks & Spencer and Bank of Ireland were upgraded to "buy" from "neutral" at UBS.
|
|
|
| NYFP.TV |
|
|
|
| Today’s Corporate Events (FTSE 350 universe) |
|
Daejan Holdings FY results
Dunelm Group FY results
Electrocomponents FY results
Severn Trent FY results
|
| Director Dealings |
|
No major transaction
|
| GBP / USD (15min) |
|
|
|
| FTSE 100 (15min) |
|
|
|
| TechMARK (15min) |
|
|
|
| FTSE 250 (15min) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Germany / Austria
MAN aims to increase its vehicle sales by appx. 25% to appx. 50,000 unit this year (Les Echos).
Daimler targets sales in China to achieve 300,000 vehicles in 2015 vs 100,000 units expected for this year (Observer).
Siemens to invest about E3bln over the next 3yrs in BRIC (FT).
KWS Saat reported 9mths net income of E81.9m vs E70.7m last year on sales of E587m vs E572.3m. In addition, the Co expects FY sales to rise by 4% YoY with a flat operating profit.
CA Immobilien Anlagen announced a 1Q net loss of E6.5m vs a loss of E33.6m euros a year earlier.
Uniqa Versicherungen: 1Q results expected.
Porsche: shareholders meeting
France
LDC delivered FY net income group share of E63m compared to E42.6m a year ago on revenues of around E2.1bln vs E1.95bln. The Co proposed to pay a dividend of E1.93 per share.
Renault's South Korean unit could consider a possible bid for Ssangyong Motor (Maeil Business).
Areva, ALSTOM Holdings, Schneider Electric: a group including these companies launched an open offer to buy an appx. 20% stake in Areva T&D India Ltd at the price of Rs295.34 per share (filing).
GDF Suez: gas prices in France may increase 4%-5% starting from July 1 (Les Echos).
Natixis CEO Laurent Mignon said the Co has no capital increase need for now.
ABC Arbitrage, Groupe Steria, Ipsen, VM Materiaux, Total Gabon, Stallergenes: shareholders meeting.
Chemicals: Air Liquide (+4.19% to E86.06) closed at a 3-month relative high against the Cac 40.
Financial Services: Eurazeo (+5.17% to E49.58) reached a new 3-month relative high against the Cac 40.
Industrial Goods & Services: Schneider Electric (+5.22% to E82.44) reached a new 3-month relative high against the Cac 40.
Oil & Gas: Bourbon (+3.77% to E32.07) reached a new 3-month relative high against the Cac 40.
Air France-KLM was upgraded to "buy" from "hold" at Citigroup.
Dassault Systemes was upgraded to "neutral" from "sell" at UBS.
Spain / Portugal / Greece
Bank Of Piraeus reported 1Q net income of E6.4m (appx. E10m expected) vs E52m a year ago.
Portugal Telecom may consider a possible offer for Vivo (Bloomberg).
Marfin Investment, an investment holding Co, is expected to report its 1Q results. The Co posted a 1Q net loss of E17.6m respectively a year ago.
Cimpor: shareholders meeting
Travel & Leisure: Iberia (+6.84% to E2.3) closed at a 3-month relative high against the Ibex.
Utilities: Iberdrola (+5.56% to E5.45) closed at a 3-month relative high against the Ibex.
Oil & Gas: Repsol (+4.29% to E16.79) reached a new 3-month relative high against the Ibex.
|
|
|
| Today’s economic events (CE time) |
|
UK : May GfK Consumer Conf. Survey, exp.: -16
GE 08:00: Apr Import Price Idx YoY, exp.: 7.1%
US 14:30: Apr Personal Income, exp.: 0.4%
US 14:30: Apr Personal Spending, exp.: 0.3%
US 14:30: Apr PCE Deflator YoY, exp.: 1.9%
US 14:30: Apr PCE Core YoY, exp.: 1.1%
US 15:45: May Chicago Purchasing Manager, exp.: 61
US 15:55: May F U. of Michigan Conf., exp.: 73.3
US 16:00: May NAPM-Milwaukee, exp.: 64
FR 18:00: Apr Total Jobseekers
FR 18:00: Apr Jobseekers- Net Change, exp.: 3
|
| Indices |
|
|
Last |
Daily
Change |
% YTD |
| FTSE 100 |
5,195 |
157.09 |
-4.02 |
| FTSE 250 |
9,647 |
254.58 |
3.66 |
| FTSE techMARK 100 |
1,765 |
38.54 |
3.55 |
| Dow Jones |
10,259 |
284.54 |
-1.62 |
| Nasdaq 100 |
1,863 |
66.24 |
0.13 |
| S&P 500 |
1,103 |
35.11 |
-1.08 |
| DJ Euro STOXX 50 |
2,619 |
89.02 |
-11.66 |
| Dax |
5,937 |
179.12 |
-0.34 |
| Cac 40 |
3,525 |
116.72 |
-10.44 |
| SMI |
6,305 |
137.65 |
-3.68 |
| Nikkei 225 |
9,754 |
113.97 |
-7.52 |
| Hang Seng |
19,760 |
328.70 |
-9.66 |
| ASX |
4,444 |
65.20 |
-8.75 |
|
| Bonds |
|
|
Last % |
|
Last % |
| 10Y Gilt |
3.61
|
US 10Y T-Note
|
3.34
|
| 10Y Bund |
2.71
|
US 30Y T-Bond
|
4.25
|
|
| EUR / USD (15min) |
|
|
|
| USD / JPY (15min) |
|
|
|
| Dax 30 (15min) |
|
|
|
| Cac 40 (15min) |
|
|
|
| Euro Stoxx 50 (15min) |
|
|
|
|
|
|
|
|
|
| Important Notice: |
The statements which appear in this communication are sourced from the research providers
stated in each case and may be publicly available from their respective websites.
This material should not be construed in any circumstances as a recommendation or offer to
sell or recommendation or solicitation of any offer to buy any security or other financial
instrument by City Index, nor shall it, or the fact of its distribution, form the basis of,
or be relied upon in connection with, any contract relating to such action. City Index does
not warrant or represent (expressly or impliedly) that the material is accurate, complete,
not misleading or as to its fitness for the purpose intended and it should not be relied upon
as such. City Index may in the ordinary course of business hold positions in the stocks listed
above.
This e-mail gives access to information and data provided by external sources and City Index
offers no guarantee as to the accuracy or completeness of any such information or data. This
information should not be construed as an offer to trade any CFD or place any spreadbet on any
of the financial instruments referred to.
To unsubscribe to this newsletter click here.
© 2008 City Index Ltd
|
| Sales: Freephone 0800 072 1107 | Dealing: Freephone 0800 072 1102 | Customer Services: 0845 355 0801 |
|
|
