March 19, 2018 / 7:42 AM / 8 months ago

LIVE MARKETS-Company headlines: morning round-up

    March 19 - 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: helen.reid.thomsonreuters.com@reuters.net
 
 
 
    COMPANY HEADLINES: MORNING ROUND-UP (0741 GMT)
Melrose pledges to inject 1 bln stg in GKN pension scheme 
Apple is developing own MicroLED screens - Bloomberg 
Pilots set up pan-European association to challenge Ryanair  
Daimler cars unit invests to ramp up output to 3 mln vehicles 
Sherborne acquires voting rights over 5.16 pct in Barclays  
France's Klepierre says offer to buy Hammerson rejected 
Micro Focus downgrades 2018 revenue forecast, CEO steps down 
UK gambling commission makes recommendations on FOBT machines
Henkel warns that delivery woes in North America damp Q1 start 
CEO of Germany's GEA Group to leave in April 2019 
Societe Generale hopes for resolution to IBOR, Libya investigations within weeks
Shipping firm CMA CGM sees industry rebound continuing  
Rocket Internet explores IPO of online shopping group Jumia - sources 
Kering says Swiss activities tax-compliant
    (Tom Pfeiffer)
    *****
    
    FUTURES POINT TO SLOWER START AS FED LOOMS (0712 GMT)
    Futures are down 0.2 to 0.4 percent across the main European benchmarks, confirming
spreadbetters' calls of a more cautious start to the week.
    With earnings season drawing to a close, corporate news is thin on the ground but M&A news
is still coming in: Hammerson has just announced it rejected an acquisition offer by
Klépierre which valued the UK real estate company's shares at a 40.7 percent premium
to their closing price on Friday. 
    
 
 
 (Helen Reid)
    *****
    
    
    MORNING CALL: CAUTION DOMINATES FIRST DAY OF BUSY WEEK
    Good morning and welcome to Live Markets. 
    European stocks are called down this morning, following the lead of Asian markets which hit
a speed-bump in the first trading day of a busy week. Britain prepares for a critical EU summit
this week, and investors are also eyeing Jerome Powell's first press conference as Federal
Reserve Chair and the central bank's decision on Wednesday.
    Asian shares were mixed as tension built ahead of this week's Fed meeting which will likely
result in an interest rate hike.
    Spreadbetters call the DAX 17 points lower at 12,373, the CAC 40 down 17 points at 5,265,
and the FTSE 100 16 points lower at 7,149. 
    (Helen Reid)
    *****

    
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