European Factors to Watch-Indexes set to rebound, K+S seen rallying

jueves 13 de noviembre de 2014 03:31 GYT
 

(Rewrites throughout; adds futures, further company news)
    LONDON, Nov 13 (Reuters) - European shares were set to rebound on Thursday,
with German potash miner K+S likely to be among top gainers as it
raised its profit expectations.
    Futures for the Euro STOXX 50 equity index, Germany's DAX,
France's CAC and Britain's FTSE 100 were between 0.5 percent and
0.6 percent higher at 0721 GMT.
    The Euro STOXX 50 had fallen 1.8 percent on Wednesday, with
utilities stocks slipping after disappointing earnings and financials hit by
global regulators' move to fine five banks for failings in currency trading.
 
    Shares in K+S was indicated 5.3 percent higher in pre-market trading at 0721
GMT. The German potash miner K+S raised its expectations for full-year earnings
after its quarterly operating result rose 16 percent, helped by a recovery in
prices for potash products. 
    French catering-to-vouchers group Sodexo was also likely to be in
focus as it predicted that its revenue and operating profit would rise in the
fiscal year 2014-2015 because of anticipated strong demand in Latin America and
Asia and cost savings. 
    On the downside, French gas and power group GDF Suez cut its
earnings guidance for this year after a series of outages of its Belgian nuclear
reactors. 
    
    
    COMPANY NEWS    
    
    K+S 
    Indicated 4.6 pct higher 
    German potash miner K+S raised its expectations for full-year earnings after
its quarterly operating result rose 16 percent, helped by a recovery in prices
for potash products. 
    
    GDF SUEZ 
    The French gas and power group cut its earnings guidance for this year after
a series of outages of its Belgian nuclear reactors. 
    
    ABENGOA 
    Spain's Abengoa on Wednesday cut its full-year revenue target range after
posting flat revenues at 5.24 billion euros in the nine months to September from
a year ago. 
    
    ALSTOM 
    The turbine maker said it could return 3.5-4 billion euros to shareholders
following the sale of its power equipment business to General Electric.
 
    
    ADECCO 
    The world's biggest staffing firm by sales said it was starting a new share
buyback programme worth up to 250 million euros ($311.08 million) after
completing another share repurchase of the same amount.
    For more click on 
    
    MERCK 
    The world's largest maker of liquid crystals for display screens said
quarterly underlying core earnings edged up 3.1 percent, helped by the recent
takeover of high-tech chemicals maker AZ Electronic Materials. 
    
    AHOLD 
    The Dutch grocer on Thursday said its U.S. operations returned to sales
growth in the third quarter, while the sales decline in the Netherlands was less
pronounced than in the previous three months. 
    
    RWE 
    German utility RWE warned that closing the sale of its oil and gas unit DEA
 to a Russian billionaire may take longer than expected, intensifying
fears that the 5.1 billion euro ($6.4 billion) transaction could hit a snag.
 
    
    BHP BILLITON 
    BHP Billiton is to shut down its once-promising Venus nickel project in
Australia following an aborted attempt to sell its Nickel West division, citing
competition for capital from its other divisions. 
    
    RIO TINTO 
    Rio Tinto's Kennecott copper smelter is considering treating third-party
concentrate on a large scale for the first time, as the second-biggest U.S.
copper producer tries to tackle falling ore grades from its nearby mine, four
sources said. 
    
    SERCO GROUP PLC 
    Private equity firm Carlyle Group LP is one of the firms interested
in buying a set of businesses being put up for sale by Serco Group Plc,
a British outsourcing firm, Sky News reported. 
    
    SODEXO 
    French catering-to-vouchers group Sodexo on Thursday predicted that its
revenue and operating profit would rise in the fiscal year 2014-2015 because of
anticipated strong demand in Latin America and Asia and cost savings.
 
    
    MONTE DEI PASCHI 
    Italy's Monte dei Paschi di Siena, the worst performer in a recent
regulatory test of euro zone lenders, posted a bigger-than-expected loss in the
third quarter as it hiked the amount of money set aside to cover bad loans.
 
    
    ILIAD 
    The French low-cost telecom firm added more mobile subscribers than analysts
expected in the third quarter, taking its mobile market share to 14 percent to
narrow the gap with third-place rival Bouygues Telecom. 
    
    EIFFAGE 
    The construction and concessions company warned that its 2014 revenue would
decline slightly, as orders from the public works sector fell more than expected
in the third quarter due to difficult economic times in France. 
    
    TERNA 
    Italian power grid company Terna said it is seeking a partner to bid for
Greece's state electricity network in an deal that could be finalised this year,
as the company reported a 1.5 percent rise in nine-month profit. 
    
    SALINI IMPREGILO 
    Italian builder Salini Impregilo said on Wednesday it would achieve its
full-year targets and those of its business plan to 2017 after reporting a rise
in nine-month profits and revenues. 
    
    TOD'S 
    Italian luxury shoemaker Tod's posted a larger-than-expected 21.6 percent
fall in nine-month core earnings on Wednesday as it sold fewer higher margin
products while costs rose. 
    
    GTECH, IGT 
    Shareholders of Italy's GTECH who did not vote in favour of a planned merger
with U.S. International Game Technology will have time until Nov. 27 to exercise
their right of withdrawal, the gaming group said on Wednesday. 
    
    GEMALTO 
    The smart card maker said it had bought U.S.-based company called Marquis ID
Systems, which makes drivers' licences and identity cards, for an undisclosed
amount.
    
    COMMERZBANK 
    Commerzbank sees no need to increase its 80 percent stake in direct bank
unit Comdirect, Commerzbank board member Martin Zielke told Boerse
Online. There was also no pressure to make acquisitions, he said.
    Related news 
    
    DEUTSCHE BANK 
    Deutsche Bank has agreed to sell a $2 billion portfolio of U.S. commercial
real estate loans to U.S. private equity firm TPG Capital Management LP, a
source familiar with the matter said on Wednesday. 
    
    POLARCUS 
    The Norwegian seismic explorer reported third-quarter earnings in line with
expectations but sharply cut its full-year profit guidance. The firm lowered its
full-year EBITDA guidance to a range of $140 million to $150 million from a
previous guidance of around $200. Analysts polled by Reuters expect a full year
EBITDA of $148 million. 
    
    TELEFONICA 
    Mexico's third-largest supermarket Grupo Comercial Chedraui 
will enter the mobile phone business using Telefonica network, Telefonica said
on Wednesday.
    
    FERROVIAL 
    Ferrovial Chairman Rafael del Pino has raised his stake in the Spanish
infrastructure firm after buying an additional 3.1 percent in a block trade, the
company said on Wednesday. 
    
    BRITISH SKY BROADCASTING 
    Rupert Murdoch's pioneering pay-TV company that transformed the country's
entertainment market is to drop the British from its name to reflect its
expansion into Europe. 
    
    MAJOR U.S. COMPANIES REPORTING :
    12:00  Q3 2015 Walmart                           
    
    
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  MARKET SNAPSHOT AT 0622 GMT:
    
                                                 LAST   PCT CHG  NET CHG
 S&P 500                                     2,038.25   -0.07 %    -1.43
 NIKKEI                                      17392.79    1.14 %   195.74
 MSCI ASIA EX-JP                                480.5    0.08 %     0.37
 EUR/USD                                       1.2443    0.04 %   0.0005
 USD/JPY                                       115.75    0.24 %   0.2800
 10-YR US TSY YLD                               2.374        --     0.01
 10-YR BUND YLD                                 0.811        --     0.00
 SPOT GOLD                                  $1,161.37    0.08 %    $0.92
 US CRUDE                                      $77.11   -0.09 %    -0.07
 
  
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  > TREASURIES-U.S. BOND PRICES MOSTLY FLAT AFTER NEW SUPPLY     
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  > LONDON COPPER FLAT AHEAD OF CHINA DATA; SUPPLY TO CAP PRICES 
  > BRENT FALLS TO AROUND $80; OPEC EXPECTS LOWER DEMAND IN 2015 
    

 (Reporting By Francesco Canepa)