Day Ahead

Tuesday, June 18, 2013, Marketing Communication Opening Call The FTSE is seen opening flat to just a touch lower this morning UK Corporate Announcements Aggreko announces that H1 trading has been in line with the expectations Whitbread details that 13 week total sales gained 13.8% with LFL sales up 3.1% and states that it had a good start to the new financial year Chemring reports an H1 adjusted pre-tax profit of £25.6m from £39.2m on revenues of £297.4m just under the estimates of £305m and details that it sees its outlook towards the lower end of the expectations SDL states that H1 trading remained under its expectations and cuts its full year profit forecasts Easyjet announces that it is to buy 135 aircraft from Airbus UK News Apollo reportedly has made a bid for Rio Tinto’s Canadian Iron ore unit The chairman of IAG stated that the carrier would consider buying niche players The FT writes that the UK has made a significant step as it reaches an agreement with the EU member states on how Brussels influences regulation in the City of London UK Analyst Changes Aveva Raised To Buy Vs Neutral At Citi Az Electronic Rated New Overweight At Morgan Stanley, Pt 360P Compass Raised To Sector Perform Vs Underperform At Rbc Genel Energy Raised To Buy Vs Hold At Citi Greene King Cut to 'Hold' at Numis Securities Greene King Cut To Hold Vs Add At Numis Rsa Raised To Outperform Vs Neutral At Credit Suisse Smiths Group Cut From Credit Suisse’S Focus List Sthree Cut To Neutral Vs Buy At Goldman Telecity Rated New Overweight At Morgan Stanley, Pt 1,200P Travis Perkins Cut Neutral Vs Buy At Goldman UK Insider Buying Avation Plc, (AVAP), 1 insider(s) bought 300000 shares, £0.62 Brooks Macdonald Gro, (BRK), 1 insider(s) bought 3000 shares, £14.26 Cls Holdings Plc, (CLI), 1 insider(s) bought 8000 shares, £9.66 Eleco Plc, (ELCO), 1 insider(s) bought 52500 shares, £0.1 F&C Asset Management, (FCAM), 1 insider(s) bought 12000 shares, £0.95 Falkland Islands Hldng, (FKL), 4 insider(s) bought 27500 shares, £3.5 Goldplat Plc, (GDP), 1 insider(s) bought 126700 shares, £0.08 Lloyds Banking Group, (LLOY), 1 insider(s) bought 81155 shares, £0.61 Mcbride Plc, (MCB), 1 insider(s) bought 10000 shares, £1.11 Moss Bros Group Plc, (MOSB), 1 insider(s) bought 20000 shares, £0.57 Prudential Plc, (PRU), 1 insider(s) bought 5000 shares, £10.44 Shanta Gold Ltd, (SHG), 1 insider(s) bought 2300000 shares, £0.12 Sse Plc, (SSE), 1 insider(s) bought 300 shares, £15.13 Trap Oil Group Plc, (TRAP), 1 insider(s) bought 280000 shares, £0.11 Xchanging Plc, (XCH), 1 insider(s) bought 39845 shares, £1.34 UK Insider Selling Aveva Group Plc, (AVV),  insider(s) sold 19457 shares, £22.26 Brooks Macdonald Grou, (BRK), 1 insider(s) sold 3000 shares, £14.26 Hilton Food Group Plc, (HFG),  insider(s) sold 106470 shares, £3.55 Jardine Lloyd Thompson, (JLT),  insider(s) sold 67997 shares, £8.97 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary The FT writes on how former BP chief Lord Browne is to help advise Russia’s Alfa Group on global energy investments The executive board at France Telecom yesterday backed their CEO, after he was investigated by French authorities for alleged fraud during his time working for the government PPR is in talks to buy Richard Millie the luxury watch maker S&P has cut its 2013 real GDP estimates to -0.5% Spain sells bills at 10:30 and Greece sells €1bn in 91 day Bills at 11:00 Global Market Footprint Major US Stock Movers After Hours Rambus gained 3% as it announces it was lifting the lower end of its revenue forecasts S&P 500 Companies Reporting Adobe Systems Inc, Q2, 0.335 US Market News Sprint Nextel has now sued Dish Network arguing that its rivals bid for Clearwire violates investors in the wireless provider Liberty Global has made a $7.5bn rival move for Kabel Deutschland opening up a possible bidding war with Vodafone Despite G8 pressure Putin has refused to abandon support for Syria’s president, while EU and US talks continue on ‘the biggest bilateral trade deal in history’ President Obama has stated that Ben Bernanke has held the helm at the Fed for ‘longer than he wanted’ increasing speculation that Bernanke will end his reign when his contract term expires next year EBay’s CEO has detailed the company plans to move the company’s PayPal technology out of online and into stores Overnight Market News Daniel Loeb’s hedge fund now has a 6.9% stake in Sony and continues to pressure for an IPO of its entertainment division Air conditions in Singapore stay at ‘unhealthy’ levels as forest fires in Sumatra cause hazy conditions that are expect to remain in place for several days Top FX Minutes of the RBA meeting has the central bank as staying cautious on possible further falls in the Aussie dollar and repeated that it still has room to cut rates S&P has cut its outlook on Venezuela to B from B+ Economic Data Due 09:30 UK May PPI Output, 0.0% exp. -0.1% previous 09:30 UK May CPI, 0.1% exp. 0.2% previous 10:00 Eurozone June ZEW Survey, 27.6 previous 13:30 US May CPI, 0.2% exp. -0.4% previous Economic Events None Detailed UK CPI 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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