Day Ahead

Wednesday, June 12, 2013, Marketing Communication Opening Call The FTSE is seen starting the day down around 20 points UK Corporate Announcements Sainsbury states that it expects the challenging market to continue over the full year, but states it is well positioned to out-perform the market as it details Q1 LFL sales gained 0.8%, largely in line, with market share up 0.2% to 16.8% Asos announces Q3 retail sales gained 45% to £193.6m and sees a positive outlook in line with its targets Antofagasta announces that the operating environment remains particularly challenging but that its trading has been in line with the forecasts Hyder Consulting announces a full year adjusted operating profit of £23.6m Creston details a full year EBITDA of £12m up 2% and announces plans for a share buyback Telford Homes announces a placing to raise £20m UK News The FTSE Review Committee meets tonight to review the FTSE constituents, Initial calls have Polymetal, Serco and Evraz seen leaving the index, to be replaced by Coca-Cola Hellenic, Travis Perkins and Persimmon Elliott International is selling 9.9% of National Express via an accelerated bookbuild managed by UBS, which is seen offering the shares at 200.5p Ofgem announces that it is to ask the ‘big 6’ power companies to post prices 2 years in advance as it proposes to establish a ‘more level playing field’ and that conditions are backed by Ofgem powers to fine companies for breaches Glencore is reportedly looking to combine its Australian coal assets with Rio Tinto Bank of England’s Fisher states that the UK recovery was trailing the US Vodafone has reportedly approached Kabel Deutschland over a possible bid Lonmin stays in the news press reports that it will be served with a strike notice by the AMCU FTSE 100 Dividends: Associated British Foods PLC, ABF, (9.35), National Grid PLC, NG/, (26.36), WPP PLC, WPP, (19.71) FTSE 100 Dividend Impact: 4.86 points FTSE 250 Dividends: Alliance Trust PLC, ATST, (.36),  Alliance Trust PLC, ATST, (2.387), British Empire Securities and General Trust PLC, BTEM, (2),  Debenhams PLC, DEB, (1),  Grainger PLC, GRI, (.58),  Murray Income Trust PLC, MUT, (7),  Pace PLC, PIC, (2.029),  Perpetual Income and Growth Investment Trust PLC, PLI, (3.55),  Synthomer PLC, SYNT, (3.30),  Worldwide Healthcare Trust PLC, WWH, (9.50) FTSE Small Share: Aberdeen New Thai Investment Trust PLC, ANW, (7),  Anglo Pacific Group PLC, APF, (5.75),  Anglo-Eastern Plantations, AEP, (2.50),  BlackRock Frontiers Investment Trust PLC, BRFI, ($.02),  BlackRock Frontiers Investment Trust PLC, BRFI, ($.034),  Brammer PLC, BRAM, (6.40),  Capital Gearing Trust PLC, CGT, (16),  Cineworld Group PLC, CINE, (8),  F&C Capital & Income Investment Trust PLC/Fund, FCI, (2.15),  Greencore Group PLC, GNC, (1.9g),  Headlam Group PLC, HEAD, (10.20),  Henderson Diversified Income Ltd, HDIV, (1.25g),  Henderson Global Trust PLC/Fund, HGL, (2.50),  Majedie Investments PLC, MAJE, (4.20),  Marshalls PLC, MSLH, (3.50),  McKay Securities PLC, MCKS, (5.8g),  Schroder UK Mid Cap Fund PLC, SCP, (2.25),  Securities Trust of Scotland PLC, STS, (1.30),  Standard Life Equity Income Trust PLC, SLET, (3.20) UK Analyst Changes Bt Pt Raised To 350P Vs 300P At Credit Suisse; Still Outperform Electrocomponents Cut To Sector Perform Vs Outperform At Rbc Lloyds Banking Group Raised to Equalweight at Barclays Rbs Raised To Overweight Vs Equalweight At Barclays Rightmove Rated New Hold At Deutsche Bank; Pt 2,200P Schroders Cut From Conviction Buy List At Goldman, Still A Buy UK Insider Buying G4S Plc, (GFS), 1 insider(s) bought 4681 shares, £2.46 Gw Pharmaceuticals Plc, (GWP), 1 insider(s) bought 7500 shares, £0.48 Hansard Global Plc, (HSD), 1 insider(s) bought 8462 shares, £1.3 Moneysupermarket.Com, (MONY), 1 insider(s) bought 20000 shares, £2.03 National Grid Plc, (NG/), 1 insider(s) bought 12000 shares, £7.37 Westside Investments P, (WST), 5 insider(s) bought 500000 shares, £0 UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Elektra, F, 3.617, Voestalpine, F, 2.443 European Market Summary Inditex the world’s largest clothing retailer announces a Q1 net profit of €438m, largely in line, on sales of €3.59bn, citing the poor European weather for lack of higher growth Greece is the first developed market to be cut back to emerging market status by the MSCI, while Qatar and UAE are lifted French air traffic control announces it is to end its strike a day early on June 13 Italy sells €8bn in Bills at 11:00 Global Market Footprint Major US Stock Movers After Hours Rambus gained 10% after hours as it announced a patent license pact with SK Hynix Celsion came off 20% in late trading reportedly due to a negative article posted on Seeking Alpha, as widely followed blogging sites continue to become as influential, if not more so, than traditional analysts S&P 500 Companies Reporting Brown-Forman, Q4, $0.462 US Market News Google confirms that it has acquired online map maker Waze for an undisclosed sum, thought to be around $1bn Federal regulators have sued Dollar General of improper use of criminal background checks on hiring of new employees US based perfume maker Coty is expected to price its IPO later today Bloomberg details how sales of George Orwell’s 1984 have soared above average levels following the US NSA spying story Overnight Market News Asian markets have recovered later in the session with the Nikkei close to ending the day unchanged, after some heavier falls earlier in the session, as the sell-off from the May highs continues Top FX In what is set to be the latest banking scandal financial news reports on dealers that have stated that banks rig currency rates to profit from their clients, with dealers reportedly stating that banks front ran client orders and by pushing through orders during the 60 second windows that certain benchmark rates were set Top Commodity Rubber prices have dropped down to a nine month low and slipped a further 3.9% yesterday after the yen gained 3.2% yesterday the largest gain since May 2010 as the Bank of Japan refrains from additional stimulus Economic Data Due 00:01 UK May BRC Shop Price Index, 0.4% previous 10:00 Eurozone Q1 GDP, -0.2% exp. -0.2% previous 15:00 US April Factory Orders, 1.4% exp. -4.0% previous 15:00 US May Non Manufacturing Composite, 53.5 exp. 53.1 previous 19:00 US Federal Reserve Beige Book Economic Events EU Rules on Latvia's Eligibility to Adopt Euro UK Unemployment ILO 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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