Day Ahead

Monday, May 13, 2013, Marketing Communication FTSE 100 Opening Call The FTSE is due to start the week around unchanged UK Corporate Announcements Johnston Press states that trading has been in line with its expectations Dignity reports a Q1 adjusted operating profit of £25.4m and that the new year has started well Unite confirms its full year targets and expects 3% increase in rentals next year Centrica states that it expects the full year earnings growth to be in line Diploma announces H1 revenues of £139m with sales up 10% and a pre-tax profit of £26.9m Lonmin details an H1 underlying earnings guidance of 12.3c from the loss of 3.7c Fiberweb states that trading has been in line Flybe announces that it is in talks with a number of interested parties UK Market News The 'UK in the Euro' debate continues to become a major story for the government as following the local election successes of UKIP Tory MP’s are becoming increasingly confident in expressing their anti EU feelings The FT writes that a dual track system is set to replace Libor as soon as next year, based on transaction liked indexes and survey based lending rates The FT writes that Lloyds chairman Bischoff is seen resigning this week The Times writes that Ocado could yet face legal action from Waitrose over its plans to help a rival develop an online service Lord Young suggests that the age cap on those over 30 should be removed from taxpayer funded loans to set up a small business Betfair will be eyed as the Takeover Panel had set today as the deadline for CVC Partners to put forward a fresh bid or withdraw their interest Aviva is reportedly looking at buying thousands of additional homes in the London and Southeast of the UK to increase its rental portfolio Carson Block states that he is shorting the debt of Standard Chartered citing deteriorating loan quality UK Analyst Changes Invesco Cut To Neutral Vs Buy At Ubs Lonmin Removed From Ubs’S Least Preferred List UK Insider Buying Diageo Plc, (DGE), 1 insider(s) bought 411 shares, £20.31 Gvc Holdings Plc, (GVC), 1 insider(s) bought 87000 shares, £2.89 Ideagen Plc, (IDEA), 4 insider(s) bought 190000 shares, £0.21 London Capital Group H, (LCG), 1 insider(s) bought 175000 shares, £0.37 Ortac Resources Ltd, (OTC), 1 insider(s) bought 2000000 shares, £0.24 Prudential Plc, (PRU), 1 insider(s) bought 34000 shares, £11.79 Sainsbury (J) Plc, (SBRY), 1 insider(s) bought 1315 shares, £3.81 UK Insider Selling Cairn Energy Plc, (CNE), 1 insider(s) sold 10000 shares, £2.81 Hsbc Holdings Plc, (HSBA),  insider(s) sold 110000 shares, £7.32 Mondi Plc, (MNDI), 2 insider(s) sold 34000 shares, £8.88 Nanoco Group Plc, (NANO),  insider(s) sold 1300000 shares, £1.64 Schroders Plc, (SDR), 1 insider(s) sold 121470 shares, £24.54 Schroders Plc-Non Vot, (SDRC), 1 insider(s) sold 30593 shares, £19.23 Smiths News Plc, (NWS), 1 insider(s) sold 25174 shares, £1.84 Xaar Plc, (XAR), 1 insider(s) bought 2000 shares, £5.3 FTSE 100 Movers Major European Companies Reporting Acciona SA, Q1, 0,  Davide Campari-Milano SpA, Q1, 0.11,  Hexagon AB, Q1, 0.254,  Lonmin PLC, S1, -0.053,  PSP Swiss Property AG, Q1, 0.91,  Solvay SA, Q1, 1.24,  Unione di Banche Italiane SCPA, Q1, 0.02 European Market Summary SAP has confirmed that it was approached by HP on if it would like to acquire the Autonomy unit Liberty Mutual states that it wants 100% control of Quinn Insurance, the bankrupt Irish insurer it acquired from Anglo Irish Bank Italy sells bonds at 11:00, Germany sells €4bn in bills at 11:30 and France sells bills at 14:50 Global Intraday Footprint Major US Stock Movers After Hours Yum Brands has detailed how sales in China dropped 29% in April as local consumers stay away from Chicken as the bird flu in the region continues S&P 500 Companies Reporting Yum Brands has detailed how sales in China dropped 29% in April as local consumers stay away from Chicken as the bird flu in the region continues US Market News Actavis the pharmaceutical announces that it is in early talks with Warner Chilcott Bloomberg itself is in the news as Goldman details that it informed the data provider back in 2011 that reporters were keeping track of its partners by using private Bloomberg terminal data S&P raises its ratings on Gap to BBB- from BB+ The Pentagon is expected to give clearance this week for Apple Devices to be given network use Tiger Woods continues his strong run, winning the Players Championship, his fourth title in seven US PGA Tour starts Google is in the news as some café’s in Seattle have banned users from wearing its new iglasses in its shops, amongst fears that the glasses could record private conversations and film other customers without their knowledge,. opening up a possible privacy battle ahead for the new technology Overnight Market News Warren Buffet responds to questions and states that he will not sell his stake in Chinese auto group BYD, and also states that he is not looking to buy gold Nomura posted gains yesterday, up over 11% as confidence returns to brokerages as the strong gains posted in local stock markets is expected to lead to stronger profits The Nikkei has continued the recent surge and trades at fresh yearly highs and back at levels last seen in 2008 Top FX The Aussie Dollar has dropped below parity for the first time since July The G7 finance chiefs have indicated that they are comfortable with the yen moves for now, but do state they will monitor the impact on currencies Economic Data Due 13:30 US April Advance Retail Sales, -0.3% exp. -0.4% previous Economic Events Euro-Area Finance Ministers Meet in Brussels US Advance Retail Sales 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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