EU CONSUMER CYCLICALS: IDS: 1H Results

Nov-12 08:17

(IDSLN; NR/BBB-/NR)

Presser only discloses top-line

  • 1H £6.45b revenue, +1.6% (+2.6% ex. election mail from LY)
    • Royal Mail £4.0b, +1.6% (+3% ex. election) (parcel volumes +5%, letter v ex. election -10%)
    • GLS £2.5b, +1.9% (parcel v +3%)
  • Rising cost backdrop including from National insurance increases of £120m and increased wage costs

Historical bullets

FOREX: FX OPTION EXPIRY

Oct-13 08:15

Of note:

AUDUSD 1.04bn at 0.6500 (tue).

EURUSD 1.16bn at 1.1600 (wed).

EURUSD 1.7bn at 1.1600 (thu).

  • EURUSD: 1.1570 (341mln), 1.1575 (590mln), 1.1625 (526mln), 1.1635 (434mln), 1.1650 (925mln), 1.1700 (664mln).
  • EURGBP: 0.8675 (440mln).
  • AUDUSD: 0.6550 (403mln), 0.6555 (529mln).

EURIBOR OPTIONS: Broken Call Fly

Oct-13 08:00

ERU6 98.12/98.37/98.50 broken c fly, bought for 5.25 up to 5.5 in 5k.

EGB OPTIONS: Schatz Call seller

Oct-13 07:55

DUX5 107.10c, sold at 5.5 in 3k (suggest closing).