Day Ahead

Thursday, February 28, 2013, Marketing Communication Cantor Opening Call The FTSE is seen gaining a further 30-35 points this morning, after the quick bout of profit taking earlier this week UK Corporate Announcements RBS announces a full year net loss of £5.97bn from £2bn and  cuts its bonus pool to £215m from £360m, with investment bank full year operating profit of £1.5bn from £900m, and sees the regulatory challenges continuing into 2013 Spirent suggests that its sees modest revenue growth in 2013 National Express states that it targets a reduction in gearing over the next two years Rio Tinto announces that Chris Lynch is to succeed Guy Elliott as CFO Kazakhmys details that its CFO Matthew Hird is to step down UK Market News The Bank of England’s Charlie Bean states that the central bank has no magic bullet to fix the economy and that it will ‘remain subdued’ on historical standards The chief of the BBA has stated that the government must allow ailing banks to die Standard Chartered may be in talks to buy the wealth unit of Morgan Stanley India UK Analyst Changes None Detailed UK Insider Buying 3I Group Plc, (III), 1 insider(s) bought 1575191 shares, £3.06 Craneware Plc, (CRW), 1 insider(s) bought 12800 shares, £3.95 Havelock Europa Plc, (HVE), 1 insider(s) bought 25000 shares, £0.18 Liontrust Asset Manag, (LIO), 1 insider(s) bought 16153 shares, £1.77 Morgan Sindall Group, (MGNS), 1 insider(s) bought 10000 shares, £5.23 Renold Plc, (RNO), 1 insider(s) bought 500000 shares, £0.25 Wh Smith Plc, (SMWH), 1 insider(s) bought 1000 shares, £6.82 UK Insider Selling Bt Group Plc, (BT/A), 1 insider(s) sold 53259 shares, £2.66 Cml Microsystems Plc, (CML), 1 insider(s) sold 800000 shares, £4.1 Mitchells & Butlers Plc, (MAB), 1 insider(s) sold 8356 shares, £3.39 Rathbone Brothers Plc, (RAT), 1 insider(s) sold 3091 shares, £14.14 Weir Group Plc/The, (WEIR),  insider(s) sold 10890 shares, £22.16 Xp Power Ltd, (XPP),  insider(s) sold 120000 shares, £10.8 FTSE 100 Movers Major European Companies Reporting Acciona SA, R, 2.741,  Acerinox SA, R, -0.02,  Ackermans & van Haaren NV, R, 5.178,  ACS Actividades de Construccion y Servicios SA, R, -0.764,  Aeroports de Paris, R, 3.474,  Aixtron SE NA, R, -0.825,  Allreal Holding AG, R, 7.067,  Arkema SA, R, 7.095,  Bankia SA, R, -3.305,  Bayer AG, R, 5.425,  British American Tobacco PLC, R, 2.062,  Capita PLC, R, 0.519,  Capital & Counties Properties PLC, R, 0.017,  Cie Generale de Geophysique - Veritas, R, 0.74,  Cie Generale d'Optique Essilor International SA, R, 2.808,  Delta Lloyd NV, R, -6.055,  Derwent London PLC, R, 0.506,  Deutsche Telekom AG, R, 0.64,  Ebro Foods SA, R, 1.045,  Erste Group Bank AG, R, 1.129,  GDF Suez, R, 1.557,  Grifols SA, R, 0.889,  Hays PLC, S1, 0.024,  Hochtief AG, R, 2.54,  Howden Joinery Group PLC, R, 0.134,  International Consolidated Airlines Group SA, R, -0.071,  Jupiter Fund Management PLC, R, 0.191,  Koninklijke Ahold NV, R, 0.949,  Luxottica Group SpA, R, 1.268,  Man Group PLC, R, 0.08,  National Express Group PLC, R, 0.239,  Portugal Telecom SGPS SA, R, 0.32,  ProSiebenSat.1 Media AG, R, 1.843,  Reed Elsevier NV, R, 0.949,  Reed Elsevier PLC, R, 0.499,  Repsol SA, R, 1.571,  Royal Bank of Scotland Group PLC, R, 0.159,  Royal Imtech NV, R, 1.657,  Seadrill Ltd, R, 2.665,  Sika AG, R, 113.871,  Sky Deutschland AG, R, -0.22,  Snam SpA, R, 0.263,  Spirent Communications PLC, R, 0.134,  Tecnicas Reunidas SA, R, 2.469,  Telefonica SA, R, 1.178,  Telekom Austria AG, R, 0.386,  Thales SA, R, 2.664,  Veolia Environnement SA, R, 0.38,  Viscofan SA, R, 2.274 European Market Summary European officials look set to ban bankers bonuses that are more than twice their fixed pay GDF Suez announces that it is taking a €2bn impairment charge, mainly on its European assets Draghi states that the ECB is in no rush to tighten monetary policy anytime soon as inflation is expectation to significantly undershoot its 2% target next year Major US Stock Movers After Hours Groupon fell 26% after hours as it announce it sees Q1 results under the forecasts, its official close was at $5.98, compared to highs of $25 shortly after its IPO in 2011 Mylan Labs gains 1.6% as it lifts its full year targets, and also details it is to buy Agila for $1.6bn S&P 500 Companies Reporting Cablevision Systems Corp, Q4, 0.1,  Gap Inc/The, Q4, 0.709,  Integrys Energy Group Inc, Q4, 0.946,  Iron Mountain Inc, Q4, 0.253,  Kohl's Corp, Q4, 1.625,  Rowan Cos Plc, Q4, 0.479,  Salesforce.com Inc, Q4, 0.396,  WPX Energy Inc, Q4, -0.079 US Market News Ben Bernanke has stated that the central bank may hold onto its $3.1tn balance sheet to maturity as it looks for an effective withdrawal from monetary easing Federal authorities are looking into options trades in Heinz  in the hours before the $23bn move from Berkshire Hathaway, as the general press increasingly picks up on the fact that on nearly every major M&A deal options volumes spike in the hours and some cases days beforehand, putting pressure on the authorities to take action Facebook could announce as early as today the acquisition of Microsoft Atlas Overnight Market News Asian markets have gained by the most in five years, recovering from the bout of profit taking that occurred on the Italian election non-result Japanese PM Shinzo Abe has nominates Asian Development Bank President Harahiko Kuroda to head up the central bank, increasing the expectations for further monetary stimulus this year The Reserve Bank of Australia suggest that its models has the Australian dollar overvalued by 4-15% Economic Data Due 00:01 UK February GfK Consumer Confidence, -27 exp. -26 previous 08:55 German February Unemployment Change, -5k exp. -16k previous 10:00 Eurozone January CPI, -1.0% exp. 0.4% previous 13:30 US Q4 GDP, 0.5% exp. -0.1% previous 13:30 US Initial Jobless Claims, 360k exp. 362k previous Economic Events IMF News Conference US GDP Contact Us For Spread Bet Sales:- 0044 (0) 207 894 8800 For CFD Sales/Traders:- 0044 (0) 207 894 8883 Email:- sales@cantorcapital.com Commentary Is Changing Client Access:- From March 1st, CFE active clients will continue to receive our timely notes Free Access:- From March 1st, non CFE clients will receive delayed notes To continue accessing our timely commentary please contact us to open and fund a CFD or Spread Betting account Footnotes Cantor Call, as at 7:00am Analyst Changes, as at 6:45am Times given are UK Local Time, (GMT or GMT +1 during BST) Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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