Day Ahead

Tuesday, April 23, 2013, Marketing Communication Cantor Opening Call The FTSE is called up around 10 points higher this morning UK Corporate Announcements Aveva states that it sees its full year profit and revenues in line with the forecasts Segro confirms its full year forecasts as it details that it has cut its net debt by 6% to £2bn Arm reports a Q1 pre-tax profit of £67.1m on revenues of $263.9m up 26% on normalised revenues of £170.3m Carpetright announcesQ4 total sales gained 4.4% and LFL sales gained 5.6% and states that the market conditions remain challenging 888 Holdings details Q1 revenues of $103m from $94m and states that Q2 has started in line Associated British Foods announces H1 revenues gained to £6.33bn, and ahead of the forecasts of £6.15bn seen Tullow Oil details its has plugged and abandoned its Priodontes 1 well in French Guiana UK Market News The WSJ suggests that Lloyds is looking for a buyer of its shipping loans portfolio Betfair gained yesterday on the confirmation of the interest from CVC, the stock closed at 838, well under the 880 level suggested by CVC as the market remains unconvinced that any deal will be completed, although CVC states it is to continue talks with Betfair despite management dismissing its original approach UK Analyst Changes Betfair Raised To Neutral Vs Underweight At Jpmorgan Booker Group Cut To Neutral Vs Buy At Goldman Electrocomponents Raised To Outperform Vs Sector Perform At Rbc Savills Raised To Buy Vs Neutral At Ubs Spectris Raised To Buy Vs Neutral At Citi UK Insider Buying Charles Taylor Plc, (CTR), 1 insider(s) bought 19000 shares, £1.65 City Of London Investme, (CLIG), 1 insider(s) bought 10000 shares, £2.55 Greencoat Uk Wind Plc, (UKW), 1 insider(s) bought 10706 shares, £1.07 Ncc Group Plc, (NCC), 1 insider(s) bought 19000 shares, £1.06 Purecircle Ltd, (PURE), 1 insider(s) bought 10000 shares, £2.56 Regenersis Plc, (RGS), 1 insider(s) bought 15250 shares, £1.98 Tracsis Plc, (TRCS), 1 insider(s) bought 4515 shares, £1.66 Ubm Plc, (UBM), 1 insider(s) bought 375000 shares, £6.86 UK Insider Selling Boot (Henry) Plc, (BHY),  insider(s) sold 7300 shares, £1.72 Intercontinental Hotel, (IHG), 1 insider(s) sold 70000 shares, £18.59 Safestore Holdings Plc, (SAFE),  insider(s) sold 250000 shares, £1.26 FTSE 100 Movers Major European Companies Reporting Acerinox SA, Q1, 0.033,  Alfa Laval AB, Q1, 1.693,  ARM Holdings PLC, Q1, 0.043,  ASM International NV, Q1, -0.06,  Associated British Foods PLC, S1, 0.416,  Enagas SA, Q1, 0,  Finmeccanica SpA, R, 0.385,  Investor AB, Q1, 0,  Kemira OYJ, Q1, 0.179,  Kone OYJ, Q1, 0.443,  Koninklijke KPN NV, Q1, 0.156,  Metso OYJ, Q1, 0.56,  Orion OYJ, Q1, 0.39,  Saipem SpA, Q1, 0.293,  Sandvik AB, Q1, 1.463,  Scania AB, Q1, 1.96,  Skandinaviska Enskilda Banken AB, Q1, 1.411,  Stora Enso OYJ, Q1, 0.067,  Swedbank AB, Q1, 3.193 European Market Summary KPN details this morning that it will pay no dividends for 2013 and 2014 Telecom Italia is reportedly looking at a 30% network stake sale to CDP EC President Barros states that the EU may have already reached the political limits of how far it can take austerity measures The CEO of OAO Aeroflot states that it could start depositary receipt trading in London and New York this year Spain sells bills at 10:30 and the ESM sells €3bn in bills at 12:30 Global Intraday Footprint Major US Stock Movers After Hours Netflix gained a hefty 24% in after hours trading as it announced a Q2 EPS range of 0.23-0.48 ahead of the previous consensus of 0.30, and details that it was introducing multiuser plans Texas Instruments states that it sees Q2 revenues of $2.93bn-3.17bn just ahead of the forecasts and states that orders came back strongly in March S&P 500 Companies Reporting Air Products & Chemicals Inc, Q2, 1.364,  Amgen Inc, Q1, 1.845,  Apple Inc, Q2, 10.034,  AT&T Inc, Q1, 0.639,  Broadcom Corp, Q1, 0.557,  Coach Inc, Q3, 0.807,  CR Bard Inc, Q1, 1.421,  Discover Financial Services, Q1, 1.116,  Edwards Lifesciences Corp, Q1, 0.759,  EI du Pont de Nemours & Co, Q1, 1.527,  FMC Technologies Inc, Q1, 0.458,  Forest Laboratories Inc, Q4, 0.142,  Gannett Co Inc, Q1, 0.351,  Illinois Tool Works Inc, Q1, 0.961,  Ingersoll-Rand PLC, Q1, 0.403,  Johnson Controls Inc, Q2, 0.421,  Juniper Networks Inc, Q1, 0.22,  Lockheed Martin Corp, Q1, 2.038,  Molex Inc, Q3, 0.356,  Nabors Industries Ltd, Q1, 0.279,  Norfolk Southern Corp, Q1, 1.168,  Owens-Illinois Inc, Q1, 0.571,  PACCAR Inc, Q1, 0.679,  Pentair Ltd, Q1, 0.56,  Regions Financial Corp, Q1, 0.196,  Reynolds American Inc, Q1, 0.688,  Robert Half International Inc, Q1, 0.411,  Ryder System Inc, Q1, 0.774,  T Rowe Price Group Inc, Q1, 0.886,  Torchmark Corp, Q1, 1.368,  Total System Services Inc, Q1, 0.336,  Travelers Cos Inc/The, Q1, 2.01,  United Technologies Corp, Q1, 1.295,  Waters Corp, Q1, 1.089,  Xerox Corp, Q1, 0.237,  Yum! Brands Inc, Q1, 0.603 US Market News Blackstone announces that it acquires the strategic partners unit of Blackstone Apple has avoided a possible IPhone import ban as it wins a case against Google’s Motorola alleging it had infringed upon a phone sensor patent Swiss based ABB is buying the US solar energy company News Corp stays in the news as it continues to settle cases out of court with the numerous phone hacking complainants and as it has now reached a $139m settlement with shareholders over complaints they made related to phonehacking Overnight Market News China Daily details how China’s top courts handled 88,000 civil lawsuits on intellectual property in 2012, up 41% from 2011 Asian PC sales slumped 13% in Q1 as consumers were seen increasingly skipping new PC purchases to smart phones and tablets Top FX News Blackrock states that the gains in the New Zealand Dollar have now made it too strong and sees it vulnerable to a slowdown in commodities and slower growth in China Top Commodity News Weetabix has been forced to halt production of its Weetabix Minis and Oatibix bites due to the low supply after last year’s poor wheat harvest A UK cross party group of experts has stated that any increase in UK shale gas production would be unlikely to give the UK cheap gas Economic Data Due 09:00 Eurozone April PMI Manufacturing, 46.7 exp, 46.8 previous 09:00 UK March PSNCR, -$1.5bn previous 15:00 US March New Home Sales, 419k exp. 411k previous Economic Events Bank of Canada Carney Speaks at Senate Committee NATO Foreign Ministers Meet in Brussels US March New Homes CFD Sales/Traders 0044 (0) 207 894 8883 cfdsales@cantor.com Equity Spread Bet Sales 0044 (0) 207 894 8800 sales@cantorcapital.com Footnotes Cantor Call, as at 6:45am Analyst Changes, as at 6:30am 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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