Epstein Secrets

014 after three years (trading -2.0%) • Betfair is understood to have sounded out investors over a revised approach (Telegraph) (trading +1.1%) • Vodafone set to call time on ever increasing dividends as Europe takes its toll (Times) (trading -0.23%) • Standard Chartered, Carson Block is short company

S LN, MBTN SW ••• Jeff top pharma pick SAN FP, Cana upgrade CGL IM, Equinet downgrade IVG GY, Espirito downgrade GRG LN ••• Beren downgrade NRX FP, Nordea downgrade BOCONB DC, upgrade SWMA SS, Investec upgrade TET LN Equita upgrade DIA IM, ATL IM, Danske upgrade NOK1V FH Reporting Pre-Open: CGA, CMRX,

redit Suisse to intensify cost-cutting The Times • Sony to profit after five-year slump The Times • Exporters steer clear of Europe The Times • Vodafone joins queue at the Burma border The Times • EU Budget cut for the first time in history Telegraph • Dreamliner tests 'failed to spot battery flaw

AKBNK TI, downgrade TRN IM • Natixis downgrade NEX FP, Good upgrade KMR ID, Kepler downgrade SAN FP, upgrade GSK LN, CSGN VX • Chev upgrade IM NA, Nordea downgrade HOLMB SS, Nordea downgrade SAA1V FH ▪ DNB downgrade SKAB SS, OTE1V FH, Bere downgrade HEI GY, Oriel upgrade TCG LN Reporting Pre-Open: ET

y/y vs est +3.0%) helped extend gains in the ASX200. Europe an markets mostly higher on the follow-thru with Telecom, Autos, Tech leading the way. Vodafone +6.5% following yesterday's ADR move on the back of reports of potential Verizon merger. Peripheral yields pulling back with the Italy 10yr -9bps to

OR GY, downgrade BEI GY, Numis downgrade MONY LN, CIU LN, SGE LN, MACQ upgrade LXS GY BERE downgrade IVG GY, HELV upgrade GAM SW, downgrade OERL SW, Nordea downgrade GOL NO Reporting Pre-Open: BF.B, BIG, SPLS, AEGR, AEO, CTCM, FLL, HOV, LINC, MFB, OSIR, POZN, ORE, RELY, TFM, THRM, TRK, VIP, WD, WMC, WR