March 14, 2018 / 7:44 AM / in 10 days

LIVE MARKETS-Company news headlines: morning round-up

    March 14 - Welcome to the home for real time coverage of European equity markets brought to
you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to
share your thoughts on market moves:
Prudential to spin off UK and European business in radical break-up 
Morrisons pays special dividend after profit rises 11 pct​  
Adidas forecasts slower sales and profit growth for 2018 
Adidas to buy back up to 9 pct of share capital 
Zara owner Inditex full-year profit up 7 pct 
Britain's Balfour Beatty's annual profit almost triples 
Italy's Atlantia and ACS reach agreement over joint control of Abertis 
Air France rejects wage demands as another strike looms 
SocGen in exclusive talks to buy Commerzbank's EMC unit -Handelsblatt‍​ 
American Tower, KKR are bidders for Altice NV's towers-Bloomberg 
Italy's Snam raises investment, profit targets to 2021  
Raiffeisen proposes dividend of 0.62 eur/shr
Clas Ohlson Q3 operating profit falls 
MEDIA-Tesla treasurer and VP of finance leaves the company - Bloomberg
IHG acquires 51% stake in Regent Hotels & Resorts
    (Tom Pfeiffer)

    Futures are down across the board, indicating European stocks aren't going to have an easy
reprieve after yesterday's falls, as fresh tariff threats add to uncertainty over trade.
    Retailers are front and centre of results this morning, with Adidas and Inditex reporting.
The German sports fashion company is seen gaining 3 percent in pre-market indications after it
forecast sales and profit growth would continue in 2018, albeit at a slower pace.
    Inditex meanwhile reported a seven percent jump in annual profit, despite negative headwinds
from a strong euro.
    Meanwhile M&A could also be a mover after Atlantia and ACS reached an agreement overnight
over joint control of Abertis.
 (Helen Reid)
    Fewer than 20 percent of investors now expect a transition deal to be agreed before the
March EU summit, according to Barclays' monthly Brexit investor survey conducted last week.
Almost two thirds of those surveyed expect an agreement to be delayed to the October EU summit
or beyond.
    Barclays analysts say the EU's draft treaty "brought the issue of the Irish border back to
the fore and the importance of resolving it before transition talks can begin, in order to avoid
talks stagnating later." Hence investors' increasing doubts an agreement can be hashed out in
    Looking further ahead, only 13 percent expect an agreement to be reached before the March
2019 deadline. A large minority of investors, 24 percent, expect the UK and EU to fail to agree
the outline before the transition period ends. 
    (Helen Reid)
    Good morning and welcome to Live Markets. 
    European stocks are called to decline further today as the latest protectionist policy push
creates more uncertainty and pessimism over world trade.
    Asian shares reversed overnight as investors digested the threat of new U.S. tariffs on
Chinese imports and President Trump's move to fire his Secretary of State, which had already
sent Europe and Wall Street skidding.
    Trump is seeking to impose tariffs on up to $60 billion of Chinese imports, targeting the
technology and telecoms sectors in particular. 
    Spreadbetters call the DAX 79 points lower at 12,143, the CAC 40 down 27 points at 5,215,
and the FTSE 100 27 points lower at 7,112. 
    (Helen Reid)

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