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** US: IN PLAY TODAY **
- Durable Goods Orders hitting the tapes at 14:30 CET, followed by New Home Sales at 16:00 CET;
- Jabil Circuit up 6.5% after guiding to Q1 revenue of $3.1bn-$3.3bn versus a market forecast of $3.07bn.
- RedHat down 13% after Q2 earnings missed by a penny.

** EUROPE: IN PLAY TODAY **

- Warner Music chief is said to be targeting EMI shareholders in a fresh bid to convince them of the benefits of fresh bid for the company (Times).

- E.ON/Endesa: E.ON increased its offer for Endesa to €35 from €25.405 late on Tuesday.

- Roche said the U.K.’s stockpile of Tamiflu will be completed this week, heightening preparedness in case of a global bird flu pandemic.

- Hennes & Mauritz: Q3 pretax profit SEK 3.77bn vs. cons. SKr 3.6bn; says August sales up 15% yr/yr vs cons 12%; Q3 sales Skr 16.75bn vs. cons. Skr16.8bn; says August l-f-l sales up 5% yr/yr vs. cons. 3%; Q3 gross margin 59.2% vs cons. 58.4%

- Wolters Kluwer: sees organic revenue growth beyond 2007 of 4-5%; aims for double-digit diluted EPS growth beyond 2007; sees return on invested capital exceeding WACC from 2007 onwards; plans to up 2006 dividend by 5% to 58 eurocents

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This entry was posted on Wednesday, September 27th, 2006 at 8:03 and is filed under Morning Wrap.