Epstein Secrets

ospectus for remaining stake sale (trading +1.2%) • Sodexo Q1 revs shade better, FX was 5% negative, reconfirms 2014 objectives (trading +1.2%) • Sainsbury's trading statement, LFL sales (ex-fuel) beat, sees cautious consumer spending (trading -1.8%) • Persimmon trading statement good, new house delive

YC and WCC (buy) & cuts UTX, Bernsteain upgrades UNP • DB upgrades HSY/KRFT (buy) & downgrades DF/SJM Europe Key Research: • ABG upgrade ERICB SS, Beren upgrade TEL2B SS, CBK upgrade EVK GY, AMP IM • BofAML downgrade WDH DC, SZG GY, AKE FP, BAS GY, upgrade El FP, Al FP, LIN GY • DB initiate AOI SS,

t work of the Aussie The Times • We don't share Europe's vision. So I want out The Times • Eye-catching recruits and full bank buyout fast-tracks Sainsbury's push for supremacy Independent • Hamish McRae: Booming equity markets can feed back into growth Independent • Free banking at risk as EU wants

GY, MRW LN, NOEJ GY • Cana downgrade CSR LN, Oriel downgrade BBY LN, SGC LN, upgrade NEX LN ••• SocGen upgrade BBVA SM, Medio initiate MSK LN (op), Beren downgrade DIA IM, u/g ETL FP • RBC downgrade STAN LN, SGE LN, Cantor downgrade IHG LN, SBRY LNA2A IM, u/g ICL IT, KCO GY • Numis downgrade RTN LN,

ty inline, LFL's +6% with slight margin improvement (trading +0.25%) • Sainsbury FY adj pretax slight ahead, revs inline, to take full ownership of Sainsbury's bank (trading -2.0%) • CSR O1 sales, net income and adj EPS slight ahead, maintains O2 sales targets (trading +5.7%) • CRH trading update, LFL

, CRST LN • Exane downgrade DIA SM, GFS LN, PP FP, upgrade RMS FP, initiate MSK IM (op), RBC downgrade GFS LN ••• SocGen downgrade ARL GY, ENEL IM, Beren downgrade PSM GY, Numis downgrade MARS LN • Equita downgrade A2A IM, Numis downgrade IHG LN, Kepler Chev downgrade FRA GY, upgrade G1AGY MAQ downgr