Day Ahead

Tuesday, January 8, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening down around 5 points lower today UK Corporate Announcements Debenhams states that it has posted its highest ever December sales, with 18 week LFL sales up 2.9% ahead of the forecasts, and that online sales are ahead of the expectations Balfour Beatty details that it is budgeting for tough market conditions and that trading has been in line Domino’s Pizza announces 53 week system sales gained 12.7% and that its full year profit is seen coming in line, and details it opened 69 stores in the full year McBride announces H1 revenues fell 6% and sees its H1 adjusted operating profit around 12% higher Persimmon announces that its CEO is to retire as 2012 revenues gained 12% to £1.72bn, and that average home prices gained 6% in 2012 Majestic Wine states that many shoppers have left shopping to the last minute and that 39 week same store sales gained 0.8% and that the Christmas period was challenging Cineworld states that it sees its full year profits in line with the market expectations Dunelm states that it is confident on its longer term prospects but does see difficult sales growth ahead in its H2 Parity Group states that it expects to meet the full year expectations UK Mail states that Q3 trading overall has been above the forecasts Interserve is confident of its ability to make progress in 2013 Rexam announces a return of cash to shareholders, around £395m in total, 45p/share UK Market News The UK BCC suggests that the UK economy will have a modest recovery in 2013 Anglogold Ashanti confirms the recent speculation and details that its chief is to move and become the CEO at Anglo American Balfour Beatty announces that its COO Andrew McNaughton is to move up to CEO from March after its profit warning yesterday The BRC states that the Christmas period for retailers was ‘underwhelming’ and that the outlook for 2013 was not much better Bumi has agreed to Nathanial Rothschild’s request for a shareholder meeting, as he states that the board has failed and that the CEO and chairman are amongst the board members that should be replaced New data shows that the number of people employed in ‘front line’ bank jobs has fallen to 152,000, its lowest level since 2004 The UK sells £1.5bn in 2030 bonds at 10:30 UK Analyst Upgrades Intermediate Capital Pt Raised To 345P Vs 335P At Socgen Moneysupermarket.com Rated New 'Hold' at Jefferies UK Analyst Cuts Asos Cut to 'Underperform' at Jefferies Easyjet Cut To Neutral Vs Outperform At Credit Suisse Hannover Re, Legal & General, Rsa Cut To Neutral Vs Buy: Bofaml Morrisons PT Cut to 243p from 250p at Cantor Fitzgerald Stagecoach Group Cut to 'Hold' at Jefferies Standard Life Cut To Underperform Vs Neutral At Bofaml Tui Travel Cut To Underweight Vs Equalweight At Morgan Stanley UK Insider Buying Rolls-Royce Holdings Plc, (RR/), 5 insider(s) bought 1002 shares, £9.05 UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Immsi denies talk that it is looking to sell its Alitalia stake to Air France Greece sells €2bn in Bills at 11:00, the ESM also is due to sell €2bn in 91 days bills at €12:30 Major US Stock Movers After Hours Yum Brands! came off 5% after hours as it announced that China sales are seen down 6% in Q4, from previously being down 4% S&P 500 Companies Reporting Alcoa Inc, Q4, 0.066, Monsanto Co, Q1, 0.357,  Apollo Group Inc, Q1, 0.896   US Market News President Obama is reportedly close to choosing White House Chief of staff Jack Lew to replace Geithner and could make the announcement as early as this week The chief economist at Moody’s states that US state and local governments are in their best financial shape since the recession The FT suggests that US banks will pay around $20bn in total to settle us investigations into home loans foreclosures, with Fannie Mae agreeing to pay $10.6bn Sears announces a new CEO as Louis D’Ambrosio steps down citing family health matters Alcoa announcing today heralds the starts if the US reporting season over the coming weeks Overnight Market News Samsung announces Q4 earnings ahead of the expectations and up to a fresh record as sales of its smart phones continued to gain strongly, despite the launch of the iPhone 5 Japan details that it will buy ESM bonds from FX reserves but that it has not yet decided on the amount The China Daily writes that China’s A share market could see 200 listings in 2013 and raise $21-24bn Economic Data Due 00:01 UK BRC Sales Like-For-Like y/y, 0.4% previous 10:00 Euro-Zone Consumer Confidence, -26.6 exp. -26.6 previous Economic Events US - Lacker speaks in Columbia Eurozone Consumer 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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