UK Market Talk Roundup: Broker Comments

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com 

        0908 GMT Shares of Mobile Streams PLC are trading 20% higher at 6.08p after the company reiterated that it expects to report an Ebitda before share-based compensation in line with market expectations, despite revenue falling 40%. The emerging markets focused mobile media company said revenue for the year ended June 30 was GBP29M, compared with GBP48.6M a year earlier. The company blamed the devaluation of the Argentinean Peso in January 2014 and subsequent operational challenges for the fall in revenue. (ian.walker@wsj.com; @IanWalk40289749)
        0853 GMT Goodbody Stockbrokers says GVC Holdings PLC has clearly not thrown in the towel over a possible deal with Bwin.Party Digital Entertainment PLC. bwin snubbed GVC's Jul 9 offer of 110 pence per share, and accepted 888's subsequent lower offer of 104.09 per share. Still, the bid from 888 doesn't become binding until August so GVC has time to make another offer, Goodbody says. GVC shares up 8p, or 1.95%, at 417.5p; 888 is down 0.6% at 170p and bwin is down 0.1% at 106p. (ian.walker@wsj.com; @IanWalk40289749)
        0752 GMT Shares of Frontier Resources International PLC slump 17% to 0.38p after the oil and gas exploration company announces its second sale of shares in less than a week. Frontier sold 42.40 million new ordinary shares at 0.35 pence per share, a 22% discount to its closing share price of 0.45 pence on Monday. On Friday, Frontier had sold 58.57 million shares at 0.35 pence each, a 53% discount to Thursday's closing price of 0.75 pence. It plans to use the money for additional working capital as it continues to seek a farm-out of one or more of its projects in the Oman and Namibia. (ian.walker@wsj.com; @IanWalk40289749)
        0734 GMT [Dow Jones]--London's FTSE 100 is little changed in early trade at 6786. Fresnillo Group is one of the biggest gainers, recovering from a sharp selloff during the previous session, triggered by the slump in commodity prices. Shares in the company are up 1.5% today. Elsewhere SAB Miller shares are comfortably in the green, buoyed by an upbeat note from Nomura published late Monday, in which the bank hikes its recommendation on the drinks company to buy from neutral. At the other end of the index Anglo American shares are lagging, down 1.3% near the bottom of the index. Anglo American Platinum reported quarterly earnings Monday. (josie.cox@wsj.com)
        0643 GMT [Dow Jones]--Nordic markets are seen opening slightly higher Tuesday, with IG calling the OMXS30 up 0.3% at around 1658. "With the situation in Greece seemingly under control for now markets seem to be switching into vacation mode and the agenda for this week is very thin, both in the Nordic countries and internationally," says SEB. "U.S. stock markets continued to edge higher yesterday and the sentiment has remained positive also in Asia this morning with the Chinese markets also being up by around 0.5%." With no data releases of note today, focus is on earnings. Regional eyes are on reports from Handelsbanken, Norsk Hydro, Tele2 and Yara, before attention turns to Apple and Microsoft later. OMXS30 closed at 1653.44, OMXN40 at 1663.16 and OBX at 584.23. (dominic.chopping@wsj.com)
        0642 GMT [Dow Jones]--Germany's DAX is expected Tuesday to open just 0.1% higher at 11,745, according to Deutsche Bank, building on moderate gains Monday. "A quieter week on the economic calendar and less news flow from Greece may be easing us into the quieter summer months, however there is still plenty to focus on in the markets, with commodities grabbing plenty of attention," Oanda says. Earnings season gets underway in Germany with SAP. The shares are set to be volatile as investors react to second quarter profit decline, dented by costs. (neetha.mahadevan@wsj.com)
        0641 GMT [Dow Jones]--France's CAC-40 benchmark index is expected to open largely flat Tuesday, as investors pause for breath prior to a deluge of company earnings. Outside of the index, Hermes International shares may open higher after the company reported 9% organic growth thanks to strong demand in Japan. Remy Cointreau reported a 9% decrease in organic sales due to continued weakness in China. No significant macroeconomic data is slated for the day. (jason.chow@wsj.com)
        (END) Dow Jones Newswires

        July 21, 2015 05:08 ET (09:08 GMT)

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