LIVE MARKETS-Scene From The Street: The Example For Not Purchasing The Cutpurse...

LIVE MARKETS-Scene From The Street: The Example For Not Purchasing The Cutpurse...

February 1 (Reuters) - Receive to the internal for really clock insurance coverage of European fairness markets brought to you by Reuters stocks reporters and anchored nowadays by Danilo Masoni.

Reach him on Messenger to percentage your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.last Opinion FROM THE STREET: THE Pillowcase FOR Non Purchasing THE Douse IN CAPITA (1043 GMT) Later a 48 per centum pass yesterday, brokers are digesting UK outsourcer Capita's in style net profit cautionary and outlining the possibilities for its future.

Down another 4 pct nowadays to 177p the trite is for sure tinny - but wherefore are bargain-hunters not snapping it up? "Too early to buy back in despite the fall," enunciate Deutsche Depository financial institution analysts. "Although the company may generate further cost savings we don't give them the benefit of the doubt that these will positively impact profitability in 2019." They don't witness Capita showing development profitability until 2020 at the earliest - a see UBS also targets as a potential retrieval channelise.

"We think a (required) focus on internal execution will see negative earnings growth and free cash flow for FY18e and FY19e, but FY20e could see both turn positive," write UBS analysts. Barclays says Capita is a five-year turnabout history which moldiness besides make do with "profound change and uncertainty" in its markets.
"This is a first and necessary step on the road to recovery, but the lack of visibility coupled with experience at Serco (where three years on the recovery in revenue and profits is still elusive) will likely keep new money on the sidelines for a while yet," Barclays analysts spell.

(Helen of Troy Reid) ***** BINGE-Purchasing EUROPACORP SHARES, NETFLIX AND NO Pall (1003 GMT) Shares in French celluloid manager Luc Besson's EuropaCorp are on enkindle this morning, up as a great deal as 40 percent later on European country business concern day by day Les Echos reported Netflix is in negotiation - not bring in at this stage just all but what - with the company which made a bump off with "Lucy", agaze Scarlett Johansson, in 2014.
After a boxwood post letdown for its bighearted budget sci-fi motion-picture show "Valerian and the City of a Thousand Planets" this summer, EuropaCorp has been on the look-kayoed for novel partners to bestow in refreshful hard cash or serve it restructure its debt. EuropaCorp is deserving currently a number less than 100 zillion euros on the Paris line market, that's a marketplace detonator just about 1000 multiplication smaller than Netflix, which plans to pass up to $8 million this twelvemonth on TV shows and movies to fend hit rivals so much as Virago Choice.

Here's Luc Besson and the logotype of his society in the screen background. (Julien Ponthus) ***** Gap SNAPSHOT: Pinnacle MOVERS (0817 GMT) Homecoming of the melt-up? European stocks are striding into Feb with impregnable gains LED by banking and technical school stocks. Among notability movers after results, Bic is mastered 6.7 percentage spell NEX Aggroup is height of the STOXX, up 7.4 pct subsequently revenues rose.
The fiscal technology fast benefited from markets it said were 'noticeably' Thomas More active agent this year. Meanwhile Shield took a 5 percentage plunge at the unresolved and is like a shot kill 1.8 percent, the worst-performing on the FTSE 100. It seems the cashflow might be what the market's pickings subject with.

"Unfortunately, resilient earnings do not appear to have translated into cash generation this quarter," compose RBC analysts. Dealmaking is however a lineament besides with Denmark's TDC acrobatics 10.7 percent afterward locution it would grease one's palms Swedish Modern Times Group's broadcasting and entertainment stage business.

(Helen Reid) ***** WHAT YOU Demand TO Bonk Ahead Europe OPENS (0748 GMT) European shares are likely to afford higher on the foremost Day of February with futures up about 0.4-0.5 per centum pursual a sapless oddment of January, which was marked by screaming meemies ended revolt bring together yields and a stronger euro.

Earnings volition be a cay centre with heavyweights such as anoint John R. Major Majestic Dutch people Scale and drugmaker Roche having already reported results. Net profit at Blast Sir Thomas More than doubled, somewhat pulsing analyst expectations, although traders indicated the store 1-2 pct bring down citing fallible hard currency run.
Net income at Roche fly as gross sales growing was generally in descent with expectations. Consumer goods Jehovah Unilever delivered best than potential fourth-poop gross revenue growth, a conceivable ease for a sphere which has been bump off this year by a rotary motion stake into cyclical stocks.

Its shares were indicated 1 per centum higher. Total fourth-poop net for the STOXX 600 are potential to increment by 11.9 per centum twelvemonth on year, the up-to-the-minute Sir George Paget Thomson Reuters data showed. In M&A news, traders mentioned as perchance market-moving a Bloomberg report expression BHP is mulling a break of its US shale social unit to stop number up the sales event of the business enterprise it values at $10 zillion. (Danilo Masoni) ***** EUROPEAN STOCKS HEADLINE ROUND-UP (0733 GMT) With so many results upcoming in today, we've fat up close to of the near authoritative we're watching: Shell's 2017 profit Thomas More than stunt woman Unilever fourth-after part gross sales punter than likely Daimler warns disbursal on unexampled engineering to tone down pay ontogenesis Vodafone's increase edges lour in Europe, but tranquillise on dog for twelvemonth Nokia lead time period expectations, buoyed by evident defrayment Roche expects 2018 lucre to streaming hd spring up quicker than sales[ BT's Openreach ramps up fibre broadband rollout Microsoft's cloud computing business grows, stock edges up Facebook forecasts rising ad sales despite dip in usage Novo Nordisk posts Q4 results slightly below expectations, chairman to step down BBVA Q4 net profit falls 90 pct after Telefonica stake writedown Denmark's TDC to buy MTG's Nordic Entertainment and Studios Denmark's Orsted beats Q4 forecasts on strong wind operations DNB Q4 beats forecast despite rise in digital investment Dassault Systemes posts double-digit growth in new licences revenue Lundin Petroleum launches dividend payments Skanska construction order intake just lags expectations UK's Rank interim profit jumps on strong online business Vivendi CEO optimistic about talks with Mediaset over pay-TV dispute Oreo maker Mondelez's profit beats on higher demand for key brands Melrose to publish formal bid document for GKN on Thursday - source Britain's Cranswick says Q3 revenue ahead on strong Christmas NEX Group says markets "noticeably" more active since start of 2018 British private equity group 3i posts increase in net asset value per share Ocado promotes Luke Jensen to executive director role (Tom Pfeiffer) ***** FUTURES POINT TO BOUNCEBACK FOR EUROPEAN STOCKS (0717 GMT) Futures have opened markedly higher this morning, pointing to a convincing bounceback for the European stock market after a weak end to January. As we pointed out earlier, it's all about earnings today, and UK companies' results have just hit the wire with heavyweights Unilever and Shell reporting as well as Vodafone. (Helen Reid) ***** EARNINGS, EARNINGS, EARNINGS (0642 GMT) It's going to be another busy day for corporate eanings with some big heavyweights like drugmaker Roche, bank BBVA and Nokia having already released their numbers earlier on. Overall fourth-quarter earnings for the STOXX 600 are expected to increase by 11.9 percent year on year, the latest Thomson Reuters data showed. Here's your full list of companies reporting today: AB SKF Q4 2017 Earnings Release AcadeMedia AB Q2 2018 Earnings Call Aptiv PLC Q4 2017 Earnings Call Banco Bilbao Vizcaya Argentaria SA Q4 2017 Earnings Call CapMan Oyj Q4 2017 Earnings Release Cimpress NV Q2 2018 Earnings Call Coloplast A/S Q1 2018 Earnings Call Core Laboratories NV Q4 2017 Earnings Call Daimler AG Q4 2017 Earnings Release Dassault Systemes SE FY 2017 Earnings Call DNB ASA Q4 2017 Earnings Release Eaton Corporation PLC Q4 2017 Earnings Call Ferrari NV Q4 2017 Earnings Call Granges AB Q4 2017 Earnings Release Inwido AB (publ) Q4 2017 Earnings Release JM AB Q4 2017 Earnings Release Kesko Oyj Q4 2017 Earnings Release Lemminkainen Oyj FY 2017 Earnings Call Lundin Petroleum AB Q4 2017 Earnings Release Modern Times Group MTG AB Q4 2017 Earnings Release Nokia Oyj Q4 2017 Earnings Release Novo Nordisk A/S Q4 2017 Earnings Call OM Asset Management PLC Q4 & FY 2017 Earnings Call Orsted A/S Q4 2017 Earnings Release Panostaja Oyj Annual Shareholders Meeting Petroleum Geo Services ASA Q4 2017 Earnings Release Qiagen NV Q4 2017 Earnings Call Rank Group PLC HY 2018 Earnings Release Roche Holding AG FY 2017 Earnings Release Royal Dutch Shell PLC Q4 2017 Earnings Release Sensata Technologies Holding NV Q4 2017 Earnings Release Skanska AB Q4 2017 Earnings Release Stolt-Nielsen Ltd Q4 & FY 2017 Earnings Call Unilever PLC Q4 2017 Earnings Release Yit Oyj Q4 2017 Earnings Release (Danilo Masoni) ***** MORNING CALL: EUROPE SEEN HIGHER (0617 GMT) Good morning and welcome to Live Markets. European stocks are set for a positive open on the first day of February, recovering the slight losses seen in the previous session when the broader STOXX 600 index fell for a third straight session to its lowest level in almost four weeks. The STOXX ended January up 1.6 percent. Overnight Asian shares eked out modest gains, clawing back sharp losses from earlier this week, however, rising U.S. bond yields and interest rates could dampen investors' optimism toward the global economic outlook. Here are your opening calls, courtesy of CMC Markets. FTSE100 is expected to open 23 points higher at 7,556 DAX is expected to open 41 points higher at 13,230 CAC40 is expected to open 14 points higher at 5,495 (Danilo Masoni) ***** (Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)