ce (trading -1.6%) • Eutelsat FY (yesterday) in line, lowers 2014 growth, acquires Satmex for $1.142bn (trading -4.5%) • Vallourec Q2 (yesterday) revs & net in line, EBITDA slight better, reit guidance (trading +0.5%) • German retail sales unexpectedly drop in June in sign of slow recovery (-1.5% m/m vs