Day Ahead

Friday, April 26, 2013, Marketing Communication FTSE 100 Opening Call The FTSE is called to open down around 10-15 points lower this morning UK Corporate Announcements WPP announces Q1 revenues of £2.53bn up 5.9% and states that the pattern for 2013 looks as equally demanding as 2012, but sees 2014 as having better prospects Rotork reports Q1 revenues gained 5% and states that it sees further progress in the full year Pearson details that it is trading in line with the management’s expectations UK Market News Xstrata is to be removed from the FTSE and S&P indices effective May 1, and FTSE states that it will issue after the close tomorrow the index changes following the merger with Glencore, currently William Hill looks set to take XTA’s spot in the FTSE 100 as it tops the FTSE 100 Reserve List Ocado stated after hours yesterday that it was in talks with Morrison over a possible licensing agreement, but confirms it does not involve sale of the business or a purchase of an Ocado stake by Morrison Sky News suggests that RBS is planning talks with investors in a move to reduce the expected AGM protests The Independent writes that concerns are growing that the HMRC is ‘too cosy’ with the larger accountancy firms The SFO is to open a criminal investigation into ENRC amongst various allegations of bribery, corruption and fraud The UK is to sell £2bn in Bills at 12:10 UK Analyst Changes Betfair Raised To Neutral Vs Sell At Citi Drax Pt Raised To 700P Vs 625P At Morgan Stanley Lonmin Cut To Underweight Vs Equalweight At Barclays Pennon Group Added To Citi’S Least Preferred List UK Insider Buying Advanced Oncotherapy, (AVO), 1 insider(s) bought 9485000 shares, £0.02 Berendsen Plc, (BRSN), 1 insider(s) bought 1854 shares, £7.93 Camper & Nicholsons M, (CNMI), 1 insider(s) bought 4400000 shares, £0.07 Consort Medical Plc, (CSRT), 1 insider(s) bought 1470 shares, £7.78 Iqe Plc, (IQE), 1 insider(s) bought 215000 shares, £0.23 Jarvis Securities Plc, (JIM), 1 insider(s) bought 10777 shares, £2.54 Jubilee Platinum Plc, (JLP), 1 insider(s) bought 99041 shares, £0.09 Lok'Nstore Group Plc, (LOK), 2 insider(s) bought 15000 shares, £1.25 Norcon Plc, (NCON), 1 insider(s) bought 100000 shares, £0.14 Spectris Plc, (SXS), 1 insider(s) bought 3000 shares, £20.29 Tasty Plc, (TAST), 2 insider(s) bought 200000 shares, £0.55 UK Insider Selling Catlin Group Ltd, (CGL), 1 insider(s) sold 85369 shares, £5.25 FTSE 100 Movers Major European Companies Reporting Alcatel-Lucent/France, Q1, -0.098,  Banco Bilbao Vizcaya Argentaria SA, Q1, 0.31,  BASF SE, Q1, 1.543,  DNB ASA, Q1, 1.708,  MAN SE, Q1, -0.45,  Outotec OYJ, Q1, 0.176,  Red Electrica Corp SA, Q1, 0,  Telenor ASA, Q1, 2.273,  Total SA, Q1, 1.283,  WPP PLC, Q1, 0,  YIT OYJ, Q1, 0.34 European Market Summary The ECB is set to detail today how much funds savers took out of the euro regions banks during the time of the Cypriot savers were taxed BBVA announces a Q1 net profit of €1.73bn just under the forecasts of around €1.76bn seen Italy sells €8bn in Bills at 11:00 Global Intraday Footprint Major US Stock Movers After Hours JC Penney gained 7% after hours as Soros details that he has acquired a passive 7.91% stake in the department store group Synaptics was amongst the largest gainers on results, up over 19% as the touch screen manufacturer announces Q4 revenues well ahead of the forecasts H&R Block came off 7% as it details that the number of processed tax returns dropped citing delays Amazon announces Q1 EPS of 18c well ahead of the forecasts of 10c seen as it details growth in its online content sales and investment in warehouses S&P 500 Companies Reporting AbbVie Inc, Q1, 0.661,  American Electric Power Co Inc, Q1, 0.801,  Aon PLC, Q1, 1.103,  Chevron Corp, Q1, 3.071,  Coventry Health Care Inc, Q1, 0.809,  Covidien PLC, Q2, 1.094,  DR Horton Inc, Q2, 0.194,  DTE Energy Co, Q1, 1.012,  FLIR Systems Inc, Q1, 0.359,  Goodyear Tire & Rubber Co/The, Q1, 0.308,  MetroPCS Communications Inc, Q1, 0.092,  National Oilwell Varco Inc, Q1, 1.359,  Simon Property Group Inc, Q1, 2.008,  Tyco International Ltd, Q2, 0.392,  Ventas Inc, Q1, 0.996,  VF Corp, Q1, 2.188,  Vulcan Materials Co, Q1, -0.344 US Market News The US Senate has delayed its vote on the online sales tax bill until May Yahoo announces that its chairman Fred Amoroso has resigned The CBOE was disrupted with a 3 hour delay yesterday citing a software malfunction for the delay, Bloomberg details how its chef was at a panel in Las Vegas yesterday when the market resumed, also on the Panel was Bats Global, Knight Capital, and Nasdaq OMX all of whom have seen high profile and costly system issues in recent months Federal regulators yesterday publicly criticised the US banks offering payday style loans Google moved closer to an anti-trust settlement with EU authorities yesterday Overnight Market News The Bank of Japan has pledged to double the monetary base in 2 years Overnight Samsung announces a Q1 net profit of 7.15t won, well ahead of the forecasts of 6.73tn won and up 46% from last year, and a fresh record Archer Daniels announces it is to make a $12.20 bid for Graincorp the Australian based grain group Top FX News The Colombian peso gained after S&P increases its foreign debt rating to BBB, bringing it in line with Mexico, Brazil and Peru Top Commodity Gold has continued the recent recovery from the sharp sell-off, trading back up to 1485 yesterday, after touching 1322 on the 16th April Economic Data Due 09:00 Eurozone M3 sa, 3.0% exp. 3.1% previous 13:30 US Q1 GDP 3.0% exp. 0.4% previous 14:55 US April University of Michigan Confidence, 73.5 exp. 72.3 previous Economic Events Single Market Conference in Brussels US GDP CFD Sales/Traders 0044 (0) 207 894 8883 cfdsales@cantor.com Equity Spread Bet Sales 0044 (0) 207 894 8800 sales@cantorcapital.com Footnotes FTSE 100 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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