Day Ahead

Monday, January 14, 2013, Marketing Communication Cantor Opening Call The FTSE is seen starting the week around 20 points higher UK Corporate Announcements Greene King announces retail LFL sales gained 3.7% and that the strong momentum has been maintained but that it does not see improved consumer conditions in 2013 Taylor Wimpey states that it now sees its full year profits at the upper end of the expectations and ahead of 2011 Big Yellow details that January has started positively, and that store revenues for the quarter were up 3.7% to £16.8m UK Market News UK business confidence fell in December, according to BDO, falling to 90.3 from 91.4, levels above 95 suggest positive growth one quarter ahead Bumi’s chairman states that he will not stay in the role longer than necessary The Sunday Times suggests that Worldview Capital Management is lining up a move for Exillon Energy citing corporate governance failings India’s top court has adjourned its case on Vedanta’s Cairn India purchase, with the court office to set a date later The FT suggests that Iberdrola has now dropped plans to sell part of its Scottish Power unit Spanish press suggests that Vodafone is looking to cut its workforce on Spain Hammerson announces that its chairman is to retire in May, and will be replaced by David Tyler, the current chairman of Sainsbury AG Barr and Britvic announce the effective date of their merger will not be January 30, and they will update the market on the revised timetable in due course, as the OFT review is not yet over UK Analyst Upgrades C&C Group Raised To Buy From Hold At Berenberg, Pt Eu5.40 Hiscox Raised To Overweight From Equalweight At Barclays UK Analyst Cuts Aberdeen Asset Mgmt Cut to 'Neutral' at HSBC Associated British Foods Cut To Neutral From Buy At Nomura Invesco Ltd Cut to 'Neutral' at JPMorgan Man Group PLC Cut to 'Underweight' at HSBC Sage Group Cut To Underweight From Equalweight At Barclays UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Vice-President EU Commissioner Neelkie Kroes states that the EU will details reforms this year to support a pan-European telecoms market Swatch announces that it is acquiring the Harry Winston brand for $1bn including debt from Canadian listed Harry Winston Diamond and will consider buying the diamond polishing venture UPS states that it expects the EC to block its planned purchase of TNT Express and cancels its offer, and will repay €200m to TNT Express France sells up €5bn in bills today Major US Stock Movers After Hours The CFO of Vera Bradley announced he has resigned, the stock fell around 7% after hours on the news S&P 500 Companies Reporting PPG Industries Inc, Q4, 1.522 US Market News The VIX has now dropped to its lowest since June 2007 Goldman details that it plans to withhold the payment of bonuses to London based staff until after April when the top rate of tax falls to 45% Overnight Market News Bloomberg details how the latest surge in Chinese export numbers has increased concerns amongst analysts that the statistics can be unreliable The yen has weakened beyond 120/euro for the first time since May 2011 and officials state that they were not engaged in competitive devaluation Residential property prices in Singapore moved up to fresh record highs in Q4, with authorities increasing taxes on industrial and residential properties in an attempt to cool the market Japanese markets are closed today, Coming-of-Age Day Economic Data Due 10:00 Eurozone November Industrial Production, 0.2% exp. -1.4% previous Economic Events EU-Russia Summit in Brussels Eurozone November Industrial Production 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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