Day Ahead

Thursday, March 7, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening up around 20 points today ahead of the Bank of England rate announcement due at 12:00 and ECB rate announcement at 12:45 UK Corporate Announcements Betfair stays confident on its full year targets as it announces Q3 revenues of £90.5m from £93.8m Inmarsat details a full year operating profit of $346.4m on revenues of $1.34bn and maintains its medium term targets IMI reports a full year revenue of £2.19bn just under the forecasts of £2.22bn seen and plans a £175m share buyback Aggreko details a full year pre-tax profit of £367m just ahead of the expectations on revenues of £1.58bn Schroders details a full year net income of £282m from £315m and sees the outlook for the markets remains uncertain Aviva announces it is cutting its dividend to 9p from 16p as it details a full year operating profit of £1.78bn from £1.86bn DS Smith states that it continues to see profits in line with the estimates driven by its packaging business Cobham reports full year group revenues fell 6% on revenues of £1.75bn and states that market conditions continue to be challenging Fyffes announces full year revenues gained 18.9% to €784m and a full year pre-tax profit of €30.3m UK Market News The Bank of England is again expected to leave interests unchanged today, with the pound dropping down to its lowest level since June 2010 ahead of the meeting, while Mervyn King has stated that the recent talk on Banker bonuses was an unhelpful distraction RBS will be eyed after reports that it has having issues withdrawing cash 888 Holdings announces that the Nevada Gaming Control Board has recommended its license David Cameron is expected to state today that the UK government will not change its strategy at the upcoming budget and that there were signs that the economy was turning The CEO of BP states that it may sell $1-3bn a year in assets The UK high street stays under pressure as Thomas Cook detailed yesterday it is to close 195 high street travel agents and cut 2,500 jobs 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 UK Insider Buying Cls Holdings Plc, (CLI), 1 insider(s) bought 5000 shares, £8.6 Havelock Europa Plc, (HVE), 1 insider(s) bought 50000 shares, £0.2 Intu Properties Plc, (INTU), 1 insider(s) bought 2951 shares, £3.37 Ipplus Plc, (IPP), 3 insider(s) bought 108043 shares, £0.2 Nakama Group Plc, (NAK), 1 insider(s) bought 559592 shares, £0.02 Rm Plc, (RM/), 1 insider(s) bought 100000 shares, £0.74 UK Insider Selling Az Electronic Materials, (AZEM), 1 insider(s) sold 22144 shares, £3.8 Bank Of Georgia Holdin, (BGEO), 1 insider(s) sold 15000 shares, £14.14 Hsbc Holdings Plc, (HSBA), 1 insider(s) sold 60000 shares, £7.12 Lancashire Holdings Lt, (LRE), 1 insider(s) sold 25000 shares, £9.13 Ricardo Plc, (RCDO), 1 insider(s) sold 6500 shares, £3.95 Rolls-Royce Holdings P, (RR/),  insider(s) sold 68231 shares, £10.29 Senior Plc, (SNR), 1 insider(s) sold 9750 shares, £2.43 Weir Group Plc/The, (WEIR),  insider(s) sold 29255 shares, £23.99 Xstrata Plc, (XTA), 3 insider(s) sold 242048 shares, £11.34 FTSE 100 Movers Major European Companies Reporting Adidas AG, R, 3.809,  Aggreko PLC, R, 1.018,  Aviva PLC, R, 0.441,  Balfour Beatty PLC, R, 0.346,  Carrefour SA, R, 1.23,  Cobham PLC, R, 0.211,  Continental AG, R, 10.096,  Davide Campari-Milano SpA, R, 0.296,  Delhaize Group SA, R, 4.223,  Hannover Rueckversicherung AG, R, 6.787,  Hunting PLC, R, 0.56,  IMI PLC, R, 0.818,  Inmarsat PLC, R, 0.601,  JCDecaux SA, R, 0.968,  Lagardere SCA, R, 1.875,  Linde AG, R, 7.741,  Merck KGaA, R, 7.547,  OPAP SA, R, 1.34,  Schroders PLC, R, 0.988,  Spirax-Sarco Engineering PLC, R, 1.237,  Standard Life PLC, R, 0.255,  Telecom Italia SpA, R, 0.127 European Market Summary S&P has lifted Portugal’s outlook to stable from negative which help support the euro Ireland’s Kenny states that the main goal after two years is to exit the bailout Deutsche Telekom’s CEO who is due to step down in 2013 is expected to become the CEO over at Ziggo Spain sells bonds at 10:30 and France sells bonds at 10:50 Major US Stock Movers After Hours Petsmart came off 8% after hours as it announces it was cutting its full year forecasts Solarcity announced a Q4 loss of $1.10 much wider than the estimates and the stock came odd 10% after hours Dryships came off 6% as it also announced Q4 numbers under the forecasts Value Vision gained 11.7% as it announced Q4 revenues well ahead of the expectations S&P 500 Companies Reporting H&R Block Inc, Q3, -0.016,  Kroger Co/The, Q4, 0.697 US Market News The board of Dell is seen soliciting rival bids to the planned moves from Michael Dell to take the company private Time Warner announces that it is to split off from its Magazine unit, in its third spin off in recent years, where the Time, People and Sports Illustrated into a separate publicly held company The FT suggests that EU authorities were tipped off on Microsoft’s web browser violation by Google Bloomberg writes on how the US dollar has participated in the recent stock market rally, the first such move in four years, which could signal a clear turning point for the dollar Overnight Market News The yen gained after the Bank of Japan held back from expanding monetary stimulus China continues to pressure Japan over the disputed islands as its naval and paramilitary ships continue to be highly active in the area, requiring constant monitoring by the Japanese navy Economic Data Due 12:00 Bank of England Rate Announcement, 0.5% exp. 0.5% previous 12:45 ECB Rate Announcement, 0.75% exp. 0.75% previous 13:30 US January Trade Balance, -$43.0bn exp. -$38.5bn previous 13:30 US Initial Jobless Claims, 355k exp. 344k previous Economic Events 13:30 ECB Press Conference 21:30 US Fed releases results of its supervisory stress tests UK Rate Announcement 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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