Day Ahead

Monday, March 11, 2013, Marketing Communication Cantor Opening Call The FTSE is seen starting the week flat to marginally higher. US clocks changed over the weekend, UK Clocks do not move to BST until end of March. UK Corporate Announcements Anite states that nine month revenues were broadly in line with the expectations Hansteen reports full year revenues of £77m from £64m and an adjusted pre-tax profit of £46.2m from £8.9m Soco announces its full year pre-tax profit more than doubles to $207m and details full year revenues of $621m and states that it is poised to take advantage of growth prospects Diageo today details the results of its global supply and procurement review and states that its regional structures are to be reduced and details the revised segmental information UK Market News The Telegraph suggests that Virgin Atlantic is looking set to record losses of around £135m a record for the carrier, and that fears of additional job cuts are seen by staff St Ives announces that it is to buy amaze for £15.3m in cash UK Analyst Changes Cobham Pt Raised To 195P Vs 175P At Morgan Stanley Icap Cut To Sell Vs Neutral At Ubs Tullett Prebon Cut To Sell Vs Neutral At Ubs UK Insider Buying Aga Rangemaster Group, (AGA), 2 insider(s) bought 41690 shares, £0.87 Cupid Plc, (CUP), 1 insider(s) bought 865000 shares, £1.15 Drax Group Plc, (DRX), 1 insider(s) bought 7900 shares, £6.29 Goldplat Plc, (GDP), 1 insider(s) bought 145084 shares, £0.1 Innovation Group Plc, (TIG), 1 insider(s) bought 40014 shares, £0.25 International Personal, (IPF), 1 insider(s) bought 15000 shares, £4.69 Intu Properties Plc, (INTU), 1 insider(s) bought 6000 shares, £3.35 Lpa Group Plc, (LPA), 1 insider(s) bought 5000 shares, £0.7 Rolls-Royce Holdings P, (RR/), 5 insider(s) bought 864 shares, £10.56 Rotork Plc, (ROR), 1 insider(s) bought 1050 shares, £29.75 UK Insider Selling Amlin Plc, (AML), 1 insider(s) sold 6900 shares, £4.23 Diageo Plc, (DGE), 1 insider(s) sold 50000 shares, £20.23 Jupiter Fund Management, (JUP),  insider(s) sold 50000 shares, £3.46 Rathbone Brothers Plc, (RAT), 1 insider(s) sold 360 shares, £14.39 Rolls-Royce Holdings Pl, (RR/),  insider(s) sold 10000 shares, £10.52 FTSE 100 Movers Major European Companies Reporting Aryzta AG, S1, 1.51,  Enel Green Power SpA, R, 0.089,  Exor SpA, R, 2.875,  GEA Group AG, R, 1.665,  Helvetia Holding AG, R, 38.614,  Pirelli & C. SpA, R, 0.847 European Market Summary Following the general election Fitch has downgraded Italy to BBB+ and keeps a negative outlook Ireland is expected to announce its mortgage debt plan this week Sanofi is in the news after the FDA announces that it is investigating it and Teva over allegations of the possible sale of medications destined for humanitarian aid outside of the EU The founder of Absolute Capital Management Holdings, Jurgen Homm was arrested by Italian police at the Uffizi Gallery in Florence on Friday, he is accused of defrauding investors of some $200m Germany sells €4bn in bills at 11:30 and France sells bills at 3:30 Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting Urban Outfitters, Q4, 0.573 US Market News Pimco’s Bill Gross announces that he was lifting his US 2013 GDP forecast to possibly as high as 3%, from previous forecasts of 1.25-1.75% Barron’s suggests that Target looks good value as it expects its Canadian store rollout to be a success The paper also flags up analysts that suggest that Medtronic could gain as it moves into emerging markets, and also highlights positives notes in Ecolab, suggesting its merger with Nalco has gone well Yahoo is in the news on reports on Friday that it had a brief outage across the majority of its site son Friday Overnight Market News China’s industrial output has fallen to its weakest start to a year since 2009, as production ‘only’ gains 9.9%, and retail sales gained 12.3% but under the forecasts Tensions in Korea stay highs as North Korea states that a South Korean former deputy commander would be the ‘first target for the great war for national reunification' after he stated that he would respond to an attack from the North by toppling the regime The Nikkei has gained 41% in the past 74 days in its strongest rally since 1987 Alibaba announces that Jonathan Lu is to replace Jack Ma as CEO Sony’s chairman details that he will retire in June In general news the bus driver accused of leading the gang rape and murder of a physiotherapy student in New Delhi has killed himself in his prison cell ahead of his trial Economic Data Due 07:00 Germany January Trade Balance, £15.1bn exp. £12.0bn previous Economic Events EU Foreign Ministers meet in Brussels German Trade Balance 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 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). Major European Companies defined as those companies in the STOXX Europe 600 Index FTSE 100 Movers, Blue >0.25%, Green <0.25% > -0.25%, Red < -0.25%, Font size dependent on percentage size of move This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media Regulatory Disclaimer This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Services Authority (“FSA”). Cantor Index is a trading name of CFE. This note is defined by the FSA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. CFE is authorised and regulated by the FSA under Firm Reference Number 149380.   CFE - FSA Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: 17 Crosswall, London, EC3N 2LB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.