Day Ahead

Monday, March 4, 2013, Marketing Communication Cantor Opening Call The FTSE is seen starting the week down around 30 points lower UK Corporate Announcements Debenhams states that H1 pre-tax profit of seen at around £120m and states that the hit of snow outcome for H1 is disappointing BPI announces a full year pre-tax profit of £19.4m from £19.2m and states that the results was ahead of the expectations and that the prospects for 2013 are looking good Intertek reports a full year operating profit of £335.1m from £281m on full year revenues of £2.05bn Ultra Electronics announces a full year underlying pre-tax profit of £115.6m with revenues up 4% to £760m Amlin details a full year pre-tax profit of £264m on return of equity of 17.4% from 8.6% UK Market News FTSE Quarterly review will use today's closing prices for its calculations UK Analyst Changes Anglo American Cut To Reduce Vs Neutral At Nomura Avocet Raised To Buy At Liberum Bunzl Raised To Neutral Vs Sell At Ubs Capita Pt Raised To 955P Vs 870P At Berenberg; Kept At Buy Gkn Raised To Neutral Vs Sell At Goldman Home Retail Cut To Neutral Vs Buy At Ubs Old Mutual Cut To Neutral Vs Buy At Ubs Taylor Wimpey Cut To Sell Vs Neutral At Citi Ubm Pt Raised To 835P Vs 670P At Berenberg; Kept At Buy William Hill Pt Raised To 460P Vs 410P At Morgan Stanley UK Insider Buying Dialight Plc, (DIA), 2 insider(s) bought 3000 shares, £12.52 Guinness Peat Group P, (GPG), 1 insider(s) bought 150000 shares, £0.33 Natasa Mining Ltd, (NSN), 1 insider(s) bought 50000 shares, £0.84 Pan African Resources, (PAF), 4 insider(s) bought 283000 shares, £0.16 Panmure Gordon & Co P, (PMR), 1 insider(s) bought 125000 shares, £0.18 Rio Tinto Plc, (RIO), 2 insider(s) bought 772 shares, £35.47 Shaftesbury Plc, (SHB), 1 insider(s) bought 8000 shares, £5.86 Top Level Domain Holdi, (TLDH), 1 insider(s) bought 1000700 shares, £0.09 Wessex Exploration Plc, (WSX), 1 insider(s) bought 200000 shares, £0.04 Whitbread Plc, (WTB), 1 insider(s) bought 600 shares, £25.44 UK Insider Selling Capita Plc, (CPI),  insider(s) sold 15940 shares, £8.51 Domino&Apos;S Pizza Group P, (DOM), 2 insider(s) sold 7465462 shares, £5.22 Gooch & Housego Plc, (GHH), 3 insider(s) sold 22398 shares, £4.38 Gulf Keystone Petroleu, (GKP),  insider(s) sold 1268219 shares, £1.89 Hays Plc, (HAS), 1 insider(s) sold 27407 shares, £0.98 Senior Plc, (SNR), 1 insider(s) sold 7500 shares, £2.43 FTSE 100 Movers Major European Companies Reporting Ashtead Group PLC, Q3, 0.042,  ASM International NV, R, 0.662,  Beiersdorf AG, R, 2.131,  Deutsche Post AG, R, 1.273,  EDP - Energias de Portugal SA, R, 0.285,  Elekta AB, Q3, 1.083,  GAM Holding AG, R, 0.87,  Glencore International PLC, R, 0.475,  Groupe Bruxelles Lambert SA, R, 4.153,  Jardine Lloyd Thompson Group PLC, R, 0.49,  John Wood Group PLC, R, 0.839,  Meggitt PLC, R, 0.343,  Michael Page International PLC, R, 0.139,  OC Oerlikon Corp AG, R, 0.674,  Paddy Power PLC, R, 2.476,  Pargesa Holding SA, R, 3.905,  Rotork PLC, R, 1.101,  RWE AG, R, 4.076,  Serco Group PLC, R, 0.406,  Standard Chartered PLC, R, 2.15,  Topdanmark A/S, R, 129.933,  Xstrata PLC, R, 1.163 European Market Summary European Finance Ministers meet again today in Brussels with the focus this session more on the outlook for Italy and the details on the restructuring of Cyprus UBS is reportedly set to close its mergers investment banking unit in Toronto Swiss voters have now backed plans for additional curbs on banker pay, forcing companies to give binding votes on remuneration Moody’s has revised its outlook on Credit Agricole to stable Major US Stock Movers After Hours No major news S&P 500 Companies Reporting None Detailed US Market News Lockheed Martin warns that across the board spending cuts in the US could trigger contract terminations and factory closures Warren Buffet has detailed in his annual letter to investors that the long run of out-performing the S&P 500 may end this year, based on a five year basis, due to the strong rally in the markets in recent months, and details he was still looking for acquisitions Herbalife stays in the news as Carl Icahn has two of his executives nominated for the board and as he details he now holds 14m shares, a 13.6% stake Barron’s suggests that BB&T is set to regain market share, the paper also suggests that Danone could gain as it focuses on margins more than market share, and also flags up Forestar Group stating that it could gain 70% as investors discover the value of its real estate Overnight Market News Asian markets cooled as China property price data causes some jitters as the government orders fresh measures to dampen down speculation, the Shanghai Composite came of 2.9% Bank of Japan governor Kuroda has stated that the bank would do whatever is needed to end the 15 years of deflation Japan’s 5 year not has fallen to a record of 0.1% Economic Data Due 09:00 Eurozone February PMI Services, 47.3 exp. 47.3 previous 09:30 UK February PMI Services, 51.3 exp. 51.5 previous 10:00 Eurozone January Retail Sales, 0.2% exp. -0.8% previous 15:00 US February Non Manufacturing ISM, 55.0 exp. 55.2 previous Economic Events EU-27 Finance Ministers Meet in Brussels Eurozone January Retail Sales 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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