start to the year (trading -0.70%) • Allianz O1 net income beats, non-life good, asset management strong, confirms FY targets (trading +0.10%) • TUI AG Q2 sales better, EBITDA inline, raises FU operating results, plans 50% div payout ratio (trading +3.1%) • SMA Solar O1 sales inline, EBITDA ahead,

k assets) (trading unch) • Marks & Spencer sees the usual bid rumors recycled in press courtesy of the Times today (trading +0.90%) • TUI Travel: TUI AG states it has no plans to make an offer for Tui Travel after weighing deal (trading -4.5%) • Continental refinances €4.56 syndicated loan agreement