burd Fortum FOJCF FORTUM FH Peter Bisztyga Pennon PEGRF PNN LN Fraser McLaren Severn Trent SVTRF SVT LN Fraser McLaren Snam SNMRF SRG IM Harry Wyburd United Utilities UUGWEF UU/ LN Fraser McLaren RSTR Abengoa B AGOAF ABG/P SM Pinaki Das rial Global Equity Volatility Insights | 06 June 201731 HOUSE_OVERSIGHT_0236

rated, scraps 2015 guidance (trading -11.2%) • Adecco sales +5.0% organically in July/Aug, Sep seasonal pick up slightly weaker (trading -3.6%) • United Utilities (UU/ LN) trading statement inline with company 6-month expectations (trading +0.98%) • RBS: Citizens Financial Group IPO in the US priced below the

peculation only) (trading +1.9%) • Unilever: 3 day investor seminar begins in Paris today (CFO Thurs & CEO Fri) (trading -0.03%) EFTA00400698 • United Utilities H1 EBIT and pretax in line, leakage targets on track, no surprises (trading +1.9%) • Thomas Cook FY prelims in line, current trading good, further

eet, no surprises (trading unch) • Smurfit Kappa announced Eur300mn refinancing after the close and confirm guidance & net debt (trading +3.3%) • United Utilities: bid speculation that a consortium of infrastructure funds may be mulling a bid (trading +0.20%) • Kabel Deutschland offers remedy package for Tele