Day Ahead

Monday, December 10, 2012, Marketing Communication Cantor Opening Call The FTSE is seen starting the week up around 10 points higher UK Corporate Announcements AG Barr announces 18 week revenues of gained 9% and that margins have performed in line with the expectations Greggs announces that its CEO is to resign, to take up a position at Brakes Group UK Coal announces a boardroom reshuffle, with its Finance Director to leave and details it will be renamed Coalfield Resources UK Market News The Bank of England and the US FDIC have outlined a shared cross border plan for dealing with institutions deemed too big to fail KPMG details that an index of UK full time hiring has moved up to a 19 month high, in a sign of market cautious optimism The Sunday Press suggested that Diageo has held talks with Japanese based brewer Suntory about a possible joint $10bn joint acquisition of bourbon whiskey maker Beam AIM listed Bango announces that its ‘frictionless operator billing’ service is now live on Google Play, as Telstra in Australia switches on the payments service As Tesco looks to move out of the US its CEO met with the Tata family over the weekend ahead of an expected move into India The Sunday papers suggests that Richard Branson could finalise a deal to sell his 51% stake in Virgin Airlines as early as this week to Air France KLM Barclays has opened a new gold vault within 20m of the centre of London in response to the continued record demand for physical assets FTSE 100 Movers UK Analyst Upgrades Enterprise Inns Pt Raised To 140P Vs 75P At Morgan Stanley Enterprise Inns Raised From Equalweight At Morgan Stanley Enterprise Inns Raised To Overweight At Morgan Stanley UK Analyst Cuts TUI Travel Cut to 'Hold' at Jefferies WS Atkins Cut to 'Hold' at Jefferies UK Insider Buying Cape Plc, (CIU), 1 insider(s) bought 24906 shares, £2.01 Rolls-Royce Holdings Plc, (RR/), 5 insider(s) bought 1020 shares, £8.86 UK Insider Selling Brewin Dolphin Holdings, (BRW), 1 insider(s) sold 90815 shares, £1.9 Mears Group Plc, (MER),  insider(s) sold 30000 shares, £3.29 Pennon Group Plc, (PNN),  insider(s) sold 27486 shares, £6.15 Rathbone Brothers Plc, (RAT), 1 insider(s) sold 700 shares, £12.11 Topps Tiles Plc, (TPT), 1 insider(s) sold 40000 shares, £0.5 Xstrata Plc, (XTA), 1 insider(s) sold 5000 shares, £10.34 Major European Companies Reporting None Detailed European Market Summary Mario Monti states that he intends to resign, heightening concerns that yet another change in the Italian leadership could jeopardise the much needed ongoing structural reforms, and as Berlusconi states that he will run for premier STMicro announces that it will exit St-Ericsson by Q3 2013 and details its new strategic plan France sells up to €6bn in bills at 15:00 Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting None Detailed US Market News Ingersoll Rand is reportedly looking to spin off some of its assets, lift its dividend and buy back as much as $2bn of its shares Barron’s flags up Apple, Barnes & Noble, General Dynamics and JP Morgan Chase amongst its top picks for 2013 Barron’s suggests that Penn National Gaming’s share price may already reflect the tax relief after its REIT conversion and that it will need to further diversify its revenues structure to gain further The paper also highlights analysts which see Crosstex Energy gaining as much as 25% next year as its oil and gas project spending continues to boost cash flow Overnight Market News The new Chinese regime states that the country needs to reduce its reliance on exports and investment spending A Chinese based group has agreed to buy 80% of AIG’s plane leasing unit for $4.23bn Japan holds its general election on December 16th with polls still suggesting the opposition party will gain control, and as local data has the Japanese economy slipping back into recession as GDP to end September fell an annualised 3.5% Major Global IPOs Due Today Premier African Minerals Ltd, (0624617D), 335.568m, GBp 2 Theradiag SA, (ALTER), 1.2264m, EUR 4.8 - 5.8 FX Summary Yen weakness continues as speculation continues of BOJ easing ahead Economic Data Due 09:30 Eurozone December Sentix Investor Confidence, -18.8 previous Economic Events Euro-Area Finance Ministers Meet in Brussels Mervyn King Speaks in New York Eurozone Sentix Investor Confidence Contact Us For Spread Bet Sales:- 0044 (0) 207 894 8800 For CFD Sales/Traders:- 0044 (0) 207 894 8883 Email:- sales@cantorcapital.com Footnotes All times given are BST Cantor Call, as at 7:15am S&P Companies Reporting: (BMO) - Before Market Open (AMC) - After Market Close Analyst Changes, as at 6:45am Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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