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Cantor Opening Call
·
The
FTSE is called to open the day today around 5 points lower
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UK Corporate Announcements
·
IAG
announces Q3 EBIT of €263m ahead of the forecasts of €231m seen, and states
that Iberia continues to cause concern, and will cut 4,500 jobs in the unit
·
Hammerson
states that it remains cautious on the economic outlook in Europe
·
Rolls
Royce announces that it expects good growth in full year underlying profit
and keeps its full year outlook unchanged apart from its Marine unit which
now only expects flat revenues
·
Rentokil
Initial reports a Q3 pre-tax profit of £36m on revenues of £36m and states
that it remains cautious
·
Lonmin
details a planned $817m rights issue at 140p/share and gives a guidance for
full year 2013 of 680,000pt oz of saleable metals
·
Hornby
announces H1 revenues of £27m and states that it is facing short term
challenges
·
Tullet
Prebon reports year to date revenues fell 5% to £731m and that market
conditions still challenging
·
Anite
states that total trading conditions for the group in H1 have been
encouraging
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UK Market News
·
The
MPC as expected left rates unchanged yesterday and also froze its asset
purchasing scheme
·
The
Times highlights how Balfour Beatty has suffered in recent months citing a
lack of major projects and despite the support of the contract to build the
2012 aquatic centre, the stock started the week at 320, and closed yesterday
after a surprise profit warning down at 250
·
The
paper also details an interesting fact that BTG, which announced results
yesterday, brings in revenues of more than $10,000 each time an American
hiker gets bitten by a rattlesnake, due to the costs in producing the
anti-venom
·
The
Telegraph writes on how a whistleblower has provided UK tax authorities with
every British client of HSBC in Jersey
·
The
WSJ suggests that Diageo may pay $1.8bn for United Spirits
·
A
few of the papers today report on market M&A talk on Speedy Hire
·
The
UK sells £2.5bn in bills today
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UK Analyst Upgrades
·
Admiral Raised To Buy Vs Underperform At Bofaml
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Burberry Pt Raised To 1,400P Vs 1,300P At Berenberg, Stays Buy
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Carphone Warehouse Raised To Neutral Vs Underperform At Bofaml
·
Croda Raised To Equalweight From Underweight At Barclays
·
Delta Lloyd Pt Cut To Eu13 From Eu13.50 At Ing, Stays Buy
·
Michael Page Added to UBS’s Most Preferred List; Adecco Cut
·
Reed Elsevier Pt Raised 3% To 720P At Exane; Kept At Outperform
·
Signet Jewelers Raised To Buy Vs Neutral At Bofaml
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UK Analyst Cuts
·
Big Yellow Cut To Neutral Vs Buy At Citi
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Randgold Resources Pt Cut To 7,900P Vs 8,300P At Morgan Stanley
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Spirent Cut To Add From Buy At Numis
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UK Insider Buying
·
Admiral Group Plc, (ADM), 1 insider(s) bought 97,500 shares, £10.22
·
Barr (A.G.) Plc, (BAG), 1 insider(s) bought 6,590 shares, £4.41
·
Firstgroup Plc, (FGP), 1 insider(s) bought 30,534 shares, £1.97
·
Petroceltic Internation, (PCI), 1 insider(s) bought 140,000 shares, £0.09
·
Sierra Rutile Ltd, (SRX), 1 insider(s) bought 125,000 shares, £0.5
·
Smith & Nephew Plc, (SN/), 2 insider(s) bought 1,836 shares, £6.54
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UK Insider Selling
·
Hays Plc, (HAS), insider(s) sold 25,000 shares, £0.82
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Renishaw Plc, (RSW), 1 insider(s) sold 4,740 shares, £18.04
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Major European Companies Reporting
·
Aker
Solutions ASA, Q3, 1.946, Alcatel-Lucent/France, Q3, -0.029,
Beiersdorf AG, Q3, 0.486, Royal Bank of Scotland Group PLC, Q3,
0.031, Spirent Communications PLC, Q3, 0.036
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European Market Summary
·
The
ECB as expected left rates unchanged yesterday and the ECB president stated
that its Outright Monetary Transactions had visibly improved market
confidence
·
The
FT writes that the UK ambassador ‘forcefully’ stated that the UK government
could not agree to the full banking supervision package until the issue of
its possible dominance over EU rulemaking was solved
·
Credit
Agricole announces a Q3 loss of €2.85bn worse than the forecasts, with
additional losses tied to its Greek unit
·
The
Russian Central bank has left its refinancing rate unchanged at 8.25%
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Major US Stock Movers After Hours
·
Kayak
Software the specialist search company gained 26% after hours as it announces
it was being acquired by Priceline.com for $40/share
·
Disney
came off 2% as it announces adjusted Q4 EPS in line with the forecasts but on
revenues that just missed the consensus
·
Groupon
came off 15% after hours as it announces that international coupons decline
and as its Q3 revenues missed the forecasts
·
Nvidia
gained 2% as it announces Q3 earnings ahead of the estimates due chips used
in tablet computers
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S&P 500 Companies Reporting
·
Ameren
Corp, Q3, 1.41, Covidien PLC, Q4, 0.998, JC Penney Co Inc, Q3,
-0.155
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US Market News
·
The
focus on the US remains on the fiscal cliff, with the CBO stating that fiscal
tightening would cut 3% points from GDP
·
US
press in recent days has noted the share price falls in Apple, from its
record highs above $700, to $537 yesterday, with the latest numbers
suggesting that Samsung’s Galaxy S3 is not the world’s best selling
smartphone
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Overnight Market News
·
China’s
October consumer inflation was lower than forecasted, coming in at 1.7%,
against calls of 1.9%
·
China
currently has no exchange traded products backed by gold, however planned
ETPs expected to be launched in 2013 are likely to further boost local demand
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Major Global IPOs Due Today
·
CJ Hellovision Co Ltd, (037560), 18.8924m, KRW 16000
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FX Summary
·
The
euro has moved down towards 2 month lows as concerns continue that
Greece will not be able to secure the required additional bailout funds,
as an EU official states that euro area finance ministers may not make a
decision on unlocking funds for Greece until the end of the month
·
The
Bank of Korea has left its interest rates unchanged at 2.75%
·
The
RBA has cut its GDP outlook for 2013 citing weaker mining and fiscal
tightening
·
Brazil’s
real has fallen to its lowest level in a month after talk that the central
bank will maintain its policy of intervention to support exporters
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Commodity Summary
·
Morgan
Stanley suggests that Corn may beat all other commodities in H1 2013, and
could gain as much as 34%
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Economic Data Due
·
09:30
UK September Visible Trade Balance, -£9,150 exp. -£9,844 previous
·
13:30
US October Import Price Index m/m, 0.0% exp. 1.1% previous
·
14:55
US November Uni of Michigan Confidence, 82.5 exp. 82.6 previous
·
15:00
US September Wholesale Inventories, 0.4% exp. 0.5% previous
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Contact Us
·
For Spread Bet
Sales:- 0044 (0) 207 894 8800
·
For CFD
Sales/Traders:- 0044 (0) 207 894 8883
|
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Footnotes
·
All times given are
BST
·
Cantor Call, as at
07:15
·
S&P Companies
Reporting, (BMO) - Before Market Open, (AMC) - After Market Close
·
Analyst Changes, as
at 06:45
·
Insider Deals data
compiled from Director/PDMR Shareholding forms published in the past 24 hours
(ex weekends).
·
Major European
Companies defined as those companies in the STOXX Europe 600 Index
·
FTSE 100 Movers,
Blue >0.25%, Green <0.25%, Red <-0.25%, Font size dependent on
percentage size of move
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