Day Ahead

Monday, March 18, 2013, Marketing Communication Cantor Opening Call The FTSE is called down a hefty 120 points lower today on the Cyprus news UK Corporate Announcements Berkeley Group states that he remains on track to met its targets for the year, and expects to grow its land bank by 10% Ted Group announces full year revenues of £22.4m and a gross profit of £4.61m M&C Saatchi announces full year revenues of £169.5m up 11% and a pre-tax profit of £17.2m up 10% and stays confident on its outlook UK Market News The UK government has made suggestions that there will be a parliamentary deal over media regulation The Telegraph writes on how the owners of the Sun, Telegraph and Daily Mail have threatened to boycott any new press regulator Easyjet may get some press today as its inaugural flight to Moscow takes off today The Telegraph suggests that a Qatari based fund is considering an £8bn move for Marks & Spencer Speculation continues that the UK could lose out on plans to have a new nuclear power plant built, the first for two decades, unless it is able to agree to billions in subsidies Waitrose is reportedly looking at whether the planned tie-up between Ocado and Morrisons would breach its current contract UK Analyst Changes Az Electronic Materials Rated New Buy At Liberum, Pt 440P Clarkson Cut To Neutral Vs Overweight At Jpmorgan Faroe Petroleum Rated New Buy At Liberum, Pt 198P ICAP Added to UBS’s Least Preferred List, Cuts Schroders Thomas Cook Group Pt Raised To 150P Vs 100P At Morgan Stanley Thomas Cook Raised To Equalweight Vs Underweight At Barclays UK Insider Buying Cvs Group Plc, (CVSG), 1 insider(s) bought 3000 shares, £1.89 Enteq Upstream Plc, (NTQ), 1 insider(s) bought 25743 shares, £0.67 F&C Asset Management P, (FCAM), 1 insider(s) bought 30000 shares, £1.07 Gable Holdings Inc, (GAH), 1 insider(s) bought 51000 shares, £0.49 Guinness Peat Group Pl, (GPG), 1 insider(s) bought 50000 shares, £0.33 Impellam Group Plc, (IPEL), 1 insider(s) bought 2298 shares, £4.34 Nighthawk Energy Plc, (HAWK), 2 insider(s) bought 450000 shares, £0.04 Statpro Group Plc, (SOG), 1 insider(s) bought 6000 shares, £0.83 UK Insider Selling Arm Holdings Plc, (ARM), 1 insider(s) sold 20000 shares, £9.43 Brammer Plc, (BRAM), 1 insider(s) sold 10000 shares, £3.76 Carpetright Plc, (CPR),  insider(s) sold 300000 shares, £6.49 Croda International Pl, (CRDA), 1 insider(s) sold 400 shares, £26.79 Devro Plc, (DVO), 3 insider(s) sold 80322 shares, £3.47 Hargreaves Lansdown P, (HL/), 1 insider(s) sold 10000 shares, £8.98 Hsbc Holdings Plc, (HSBA), 1 insider(s) sold 60000 shares, £7.32 Restaurant Group Plc, (RTN), 1 insider(s) sold 96661 shares, £4.4 Rolls-Royce Holdings P, (RR/),  insider(s) sold 44000 shares, £10.92 Weir Group Plc/The, (WEIR), 1 insider(s) sold 1008 shares, £24.61 Xstrata Plc, (XTA), 1 insider(s) sold 500000 shares, £11.58 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary HSBC states that the Cyprus issues run the risk of a return to contagion fears as the country is to seize as much as 9.9% of deposits to help pay for the nation’s bailout. Pimco’s Bill Gross states that the levy moves risk-on to the backseat and is likely to cause an increased outflow of funds from bank accounts in Spain and Italy While Moody’s states that the move was negative for depositors across Europe Latvia has been lifted to Baaa2 by Moody’s citing its resilient economic growth German two year yields have dropped back below zero, for the first time since January Ericsson and STMicroelectronics agree to split up ST-Ericsson Malta sells bills at 11:00, France sells up €7bn in bills at 14:50 Major US Stock Movers After Hours Phoenix Cos fell 3% after hours as it announced that it may not meet the deadlines for filing Q3 2012 numbers S&P 500 Companies Reporting None Detailed US Market News Barron’s suggests that Globe Specialty Metals could slip by as much as 20% as no sign is seen in a recovery in solar powered markets The paper also suggests that The Pantry could gain 20% as its earnings improves and as it repays its obligations The FT writes that Offshore drilling contractor Transocean is to formally reject a move from activist investor Carl Icahn who demanded that the company paid a higher dividend, as well as appoint three new directors. Bristow the US based helicopter group is reportedly set to secure the £3bn UK helicopter search and rescue contract Overnight Market News The Shanghai Stock Exchange is to permit T+0 trading on bond exchange ETFs from today, it had previously banned the system in 1995 to halt concerns on speculation China Daily details how commercial property and office building sales surged in Beijing in early March, following the governments moves to dampen down residential property speculation Australia’s Treasurer has stated that the country faces a massive hit to its revenues and that this could push the nation further into deficit FX News The euro has lost ground against the yen as the safe haven buying returns Bloomberg details how the carry trade in Latin American currencies stays strong, as international funds sell short the currencies with near zero interest rates and rotate funds into the likes of the Brazilian real, and pushes local currencies into the longest rally for over 3 years And causing the likes of Mexico’s Deputy Finance Minister to respond to talk as he states that the government was not planning any measures to curb the peso’s advance Top Commodity News Industrial Commodity prices came off on the Cyprus news, with copper for example off by its sharpest for five months Gold gained 1.1% as its safe haven status returns and following the sharp sell-off seen in recent months and following the downgrades from the likes of Goldman and Bank of America Easter Holiday This will be the last Day Ahead until after the upcoming extended weekend, Happy Easter Economic Data Due 00:01 UK March Rightmove House Prices, 2.8% previous 10:00 Eurozone January Trade Balance, -€1.3bn exp. €11.7bn previous Economic Events Dow Jones Quarterly Review becomes effective US Senate meets on Budget Eurozone 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). 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