DAILY EUROPEAN EQUITY OPENING NEWS: Nestle (NESN VX) – Co. plans to repurchase CHF 20bln worth of shares over 3 years.

**EUROPEAN EQUITY COVERAGE WILL ONLY COVER COMPANIES WITH A MARKET CAP GREATER THAN GBP 2BLN OR EUR 2BLN**

The Daily European Equity Opening News is uploaded at 0700BST/0100CDT recapping all of the overnight equity news

From 0700BST/0100CDT all equity news will be covered in real time over the audio and headline feed and the full audio rundown will be at 0715BST/0115CDT.

There will be an additional audio rundown at 0750BST/0150CDT recapping any company news which has hit the wires since 0715BST/0115CDT ahead of the European equity open

28^th June 2017

ASIA

FTSE

Royal Dutch Shell (RDSA LN) -  Beach Energy (BPT AT) is reported to be a possible bidder for the Co.’s New Zealand assets. (The Australian)

Ladbrokes (LCL LN) – Co. could face an investigation from the gambling regulator over an incident in which confidential information about betting addicts, including photos, names and addresses, was found in a bin bag on the street. (The Guardian)

OTHER UK COMPANIES

Ryanair (RYA ID) – Co. has confirmed its interest in Alitalia, according to reports in Italian press. (Newswires)

BROKER RECOMMENDATIONS

DAX

Deutsche Bank (DBK GY) – Co. are set to face a loss as much as USD 60mln over a trade linked to US inflation, according to sources. (Newswires)

Deutsche Lufthansa (LHA GY) / Fraport (FRA GY) - Germany's largest carrier and the operator of Frankfurt airport are close to ending a dispute over Ryanair concessions at the country's largest hub, a person familiar with the matter. (Newswires)

OTHER GERMAN COMPANIES

BROKER RECOMMENDATIONS

TLG IMMOBILIEN (TLG GY) RESUMED WITH OVERWEIGHT AT JPMORGAN

CAC

Cellnovo Group (CLNV FP) -  Co. inks expanded agreement to construct second production line with Flex. (Newswires)

OTHER FRENCH COMPANIES

BROKER RECOMMENDATIONS

HAVAS (HAV FP) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS

PAN-EUROPE

ABN AMRO (ABN NA) – The Netherlands government plans to sell another 65mln shares in the Co., roughly 7% of the stake. (Newswires)

Allied Irish Banks (ALBK IE) – Ireland unlikely to sell more Co. shares before February. (Newswires)

Alitalia (AZA IM) – Ryanair approves its interest in Alitalia. (Newswires)

ABN AMRO Holding (ABN NA) – Dutch state reduces stakes 63% from 70%, sells 65mln shares for EUR 22.75/shr. (Newswires)

Philips Lighting (LIGHT NA) – Co. is to acquire Spectranectics in a deal worth USD 38.50/shr and it will be initiating a share buyback program for an amount of up to EUR 1.5bln. (Newswires)

BROKER RECOMMENDATIONS

SMI

Baloise Holding (BALN VX) – Co. acquires Switzerland’s largest platform for home-moving services. (Newswires)

Nestle (NESN VX) – Co. plans to repurchase CHF 20bln worth of shares over 3 years. (Newswires)

OTHER SWISS COMPANIES

BROKER RECOMMENDATIONS

SCANDINAVIA

N/A

BROKER RECOMMENDATIONS

N/A

US

US stocks were dragged down in afternoon trade after it emerged that Senate would delay the vote on Health Care until after the 4 July recess, and traders once again began to fear that delayed health care legislation would mean delayed tax reform. As such, health care stocks notably took a turn for the worse on the headlines, though were still performing better than the ‘defensive’ sectors like Telecoms (hit by news that Sprint S is in talks with Comcast CMCSA and Charter CHTR to offer wireless services, weighing on T-Mobile TMUS). Elsewhere, financials outperformed, tracking Treasury yields higher and the energy sector was up on the day tracking crude prices higher. Finally, S&P 500 -0.80% at 2,419.56, DJIA -0.45% at 21,314.54, Nasdaq-100 -1.83% at 5,671.60.

Best Performing Sectors in the S&P 500: Financials -0.54%, Energy -0.16%, Materials -0.64%

Worst Performing Sectors in the S&P 500: IT -1.66%, Telecoms -1.42%, Utilities -1.23%

28 Jun 2017 - 06:49- EquitiesResearch Sheet- Source: RANsquawk