Day Ahead

Friday, May 24, 2013, Marketing Communication Opening Call The FTSE is seen starting the day around 10 points higher UK Corporate Announcements Close Brothers announces assets under management gained 4% to £9.2bn with improved trading volumes at Winterflood Smiths Group reports that it grew revenues across all its units and that headline operating margin improved in all of its units Computacenter announces that it plans to return around £75m to shareholders UK News ENRC corporate governance stays in the news as does the ethics of its staff and those of whom it does business with as a targeted burglary of a staff member resulted in the theft of a laptop containing staff details, including bank accounts, and also details that its internal systems had been hacked by a third party The FT details that according to data the UK was six hours away from running out of gas in March Easyjet is taking over the Gatwick slots of FlyBe for £20m, Flybe left the airport citing the high charges 3i offers to buy Barclays’ Infrastructure Find, with AUM of £780m Bloomberg suggests that the ongoing bribery allegations involving Bernie Ecclestone continues to damage CVC Capital Partners’ plans for an IPO of Formula One Computacenter announces that it plans to return around £75m to shareholders The UK sells £2.5bn in bills at 11:10 Reminder both the UK and US markets are closed on Monday, Spring Bank Holiday and Memorial Day UK Analyst Changes Asos Pt Raised 10% To 4,500P At Barclays, Stays Overweight Barratt Cut To Hold Vs Buy At Liberum Bt Cut To Neutral Vs Overweight At Jpmorgan Halfords Cut To Equalweight Vs Overweight At Barclays Next Cut To Underweight Vs Equalweight At Morgan Stanley Qinetiq Cut To Neutral Vs Buy At Bofaml Rightmove Added To Ubs’S Uk 1St Xi, Replaces Aggreko Taylor Wimpey Cut To Hold Vs Buy At Liberum Uk Banks Raised To Overweight Vs Neutral At Ubs UK Insider Buying Bailey (C.H.) Plc, (BLEY), 1 insider(s) bought 12192 shares, £2 Chime Communications, (CHW), 1 insider(s) bought 19018 shares, £2.62 Corac Group Plc, (CRA), 1 insider(s) bought 100000 shares, £0.13 Dods Group Plc, (DODS), 1 insider(s) bought 375000 shares, £0.04 Genus Plc, (GNS), 1 insider(s) bought 3000 shares, £14.5 Hays Plc, (HAS), 1 insider(s) bought 50000 shares, £0.95 Rm Plc, (RM/), 1 insider(s) bought 100000 shares, £0.71 Sainsbury (J) Plc, (SBRY), 1 insider(s) bought 5235 shares, £3.82 Terra Capital Plc, (TCA), 1 insider(s) bought 120000 shares, £0.48 Vitec Group Plc/The, (VTC), 2 insider(s) bought 15000 shares, £5.93 Zincox Resources Plc, (ZOX), 2 insider(s) bought 1353244 shares, £0.16 UK Insider Selling Beazley Plc, (BEZ), 1 insider(s) sold 250000 shares, £2.36 Experian Plc, (EXPN), 1 insider(s) sold 17597 shares, £12.75 Fidessa Group Plc, (FDSA), 1 insider(s) sold 1500 shares, £20.2 Inchcape Plc, (INCH), 1 insider(s) sold 113789 shares, £5.61 Kofax Plc, (KFX), 1 insider(s) sold 30000 shares, £3.25 Prudential Plc, (PRU),  insider(s) sold 1151927 shares, £11.93 Standard Chartered P, (STAN), 9 insider(s) sold 1472826 shares, £16.09 Tt Electronics Plc, (TTG), 1 insider(s) sold 600000 shares, £1.75 William Hill Plc, (WMH), 1 insider(s) sold 400000 shares, £4.52 Wood Group (John) Pl, (WG/),  insider(s) sold 250000 shares, £8.46 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Mario Draghi has stated that the EU needs Britain and urges for a more co-operative Britain to stay in the EU Spanish banks stay in focus after reports that they may be required to take an additional €10bn in provisions Moody’s has affirmed Switzerland’s AAA rating, with a stable outlook Global Intraday Footprint Major US Stock Movers After Hours Intuitive Surgical gained 3% as it won a court case, where it was alleged the firm was negligent in its training of a doctor who performed a robot assisted surgery Gap came off 2.7% as it details an annual profit under the forecasts, as stronger sales in the US was not matched by its international sales S&P 500 Companies Reporting Abercrombie & Fitch Co, Q1, -0.05,  HJ Heinz Co, Q4, 0.816 US Market News Google is reportedly taking a look at map software maker Waze, ahead of possible interest from Facebook Proctor & Gamble announces that AG Lafley rejoins the company as chairman and CEO Paul Tudor Jones is dealing with some recent ‘off the cuff’ remarks where he stated that having a child was a killer for the ability of women to engage in macro trading, due to the effect it had on their focus The US FDA has asked why Biosense Technologies glucose testing app has not been cleared by the agency before use, the app users need test strips made by Siemens and Bayer, then take a photo of the resulting strip, which the app analyses, the FDA states that it will increasingly monitor the growing medical diagnosis apps The FCA has fined the wealth arm of JP Morgan for failing to keep up to date records on clients Elan’s board has unanimously rejected a $4.6bn takeover offer from Royalty Pharma Overnight Market News Bank of Japan’s chief has stated that he will keep strengthening communications with the markets and that he expects gains in yields as the economy continues to improve Top FX ECB Governing Council member Weidman has wished ‘the Japanese good luck in their experiments’  as he states that he is concerned that the Bank of Japan is being asked to solve economic issues at the expense of fiscal and structural reforms Economic Data Due 07:00 German Q1 GDP, 0.1% exp. 0.1% previous 13:30 US April Durable Goods, 1.7% exp. -5.7% previous Economic Events 03:55 Bank of Japan Governor Speaks German 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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