Day Ahead

Friday, March 8, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening up around 10 points higher today UK Corporate Announcements Sthree details that Q1 group gross profit fell 3% year on year and details its has £20 net cash Aga Rangemaster reports 1 12 month pre-tax profit of £8.4m on revenues of £244m down 2.5% Marshalls announces full year revenues announces revenues of £309m and an adjusted operating profit of £13.9m Photo-Me International states that trading is in line with the expectations and that cash generation remains very strong and confirms its expectations Headlam states that the floor covering business remains very challenging as it reports a full year pre-tax profit of £28.5m on revenues of £586m, with LFL revenues up 5.3% UK Market News Esure group announces details of its planned IPO, expects to raise £50m with an indicative price range of 240p-310p/share, with admission on the LSE expected to occur around March 27, giving it an overall market cap of around £1,150m In David Cameron’s speech yesterday he stated that there were signs that ‘we can turn our economy round’ which has received comments on the business and general press today Barclays chief states that he sees a 28% drop in staff in the decade due to automation and that we wants to find a way for the bank to operate with as few as 100,000 staff UK Analyst Changes C&C Group Cut To Underweight Vs Neutral At Jpmorgan Centrica Cut To Neutral Vs Overweight At Jpmorgan Centrica Removed From Jpmorgan Analyst Focus List Halma Raised to 'Overweight' at Barclays Imi Cut To Hold Vs Buy At Socgen Schroders Raised To Neutral Vs Sell At Ubs UK Insider Buying Drax Group Plc, (DRX), 1 insider(s) bought 7900 shares, £6.25 Havelock Europa Plc, (HVE), 1 insider(s) bought 50000 shares, £0.2 Intu Properties Plc, (INTU), 2 insider(s) bought 15387000 shares, £3.25 Liontrust Asset Manag, (LIO), 1 insider(s) bought 20769 shares, £1.74 Reed Elsevier Plc, (REL), 1 insider(s) bought 88 shares, £29.45 Rm Plc, (RM/), 1 insider(s) bought 100000 shares, £0.74 Rolls-Royce Holdings, (RR/), 5 insider(s) bought 864 shares, £10.5 Rotork Plc, (ROR), 1 insider(s) bought 1050 shares, £29.57 UK Insider Selling Admiral Group Plc, (ADM),  insider(s) sold 100000 shares, £13.14 Amlin Plc, (AML), 1 insider(s) sold 6900 shares, £4.2 Anglo American Plc, (AAL), 5 insider(s) sold 7711 shares, £18.66 Az Electronic Material, (AZEM), 1 insider(s) sold 22144 shares, £3.8 Big Yellow Group Plc, (BYG), 1 insider(s) sold 60000 shares, £3.77 Diageo Plc, (DGE), 1 insider(s) sold 50000 shares, £20.11 Hays Plc, (HAS), 1 insider(s) sold 106734 shares, £1 Jardine Lloyd Thompson, (JLT), 1 insider(s) sold 20000 shares, £8.14 Jupiter Fund Managemen, (JUP), 1 insider(s) sold 50000 shares, £3.44 Rolls-Royce Holdings P, (RR/), 1 insider(s) sold 10000 shares, £10.46 Weir Group Plc/The, (WEIR), 1 insider(s) sold 29255 shares, £23.99 Wpp Plc, (WPP),  insider(s) sold 140250 shares, £10.77 Xstrata Plc, (XTA), 3 insider(s) sold 242048 shares, £11.34 FTSE 100 Movers Major European Companies Reporting Atlantia SpA, R, 1.057,  Fugro NV, R, 3.58,  Iliad SA, R, 2.903 European Market Summary Draghi has signalled that the ECB is not looking to cut rates unless the economy was to worsen again, and states that it would maintain an easy monetary policy stance as long as needed The EC yesterday closed its probe of the major European mobile telco’s over concerns about collusion Major US Stock Movers After Hours Pandora gained a hefty 26% after hours as it announced robust quarterly numbers, but gave back some of these gains as it also announced its chairman and CEO resigned after discussion with the company over its future The S&P’s closing high in 2007 was 1561, the index closed yesterday at 1544, as it continues in its moves to match the Dow and post new all time highs Maxwell Technologies announces that it is to restate its financials, and fell 12% after hours on the news Comtech Telecommunications came off 12% as it cuts its outlook S&P 500 Companies Reporting Carnival Corp, Q1, 0.043 US Market News The US banking sector will be in focus today after the latest set of stress tests were released yesterday, Citigroup gained 2.4% after  the results and as it announces a planned £2.4bn share buyback, while the FT writes that Goldman is seen as one of the more weaker financial institutions, and only Ally Financial failed to meet the 5% minimum in a stressed scenario The WSJ suggests that that Icahn spoke to Dell about a possible bid The dollar has moved up to a three and a half year high against the yen on increasing expectations that the Fed is set to slow stimulus measures US moves to Daylight Saving Sunday March 10, UK does not move to BST until Sunday March 31, so until March 31 the US Markets will open UK time 13:30 and close 20:00 Overnight Market News Chinese export data came in slightly higher than the expectations, as demand continues to support the economy The Nikkei 225 has moved into fresh multi year highs, trading at levels not seen since 2008, the closes yesterday 12,283 which compares to 8,600 posted as recently as November last year Economic Data Due 13:30 US February Change in Non Farm Payrolls, 151k exp. 157k previous Economic Events S&P Dow Jones Index Quarterly Review Final Announcement US Non Farm Payrolls 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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