bitrage & Trading into stand-alone HF (WSJ) • Danone Q1 total LFL sales +2.2% = inline, weak dairy vols, confirms 2014 forecast (trading -1.3%) • Tesco FY trading profit beats estimates, margins inline, expectations were low into #'s (trading +2.1%) • Credit Suisse O1 net income misses ests, investmen

ive demand & boost June qtr gross margin view LVMH Q1 strong, accelerating demand, watches/jewellery outperform, cautious on Europe (trading -1%) Tesco FY inline (following Jan guidance) to invest £lbn in the UK, focus on internet growth (trading +0.6%) Casino (yesterday) Ql in line, good emerging mkt