Day Ahead

Thursday, August 1, 2013, Marketing Communication Opening Call The FTSE is called up 20 points higher today UK Corporate Announcements Lloyds announces group underlying profit of £2902m from £2.34bn up 26% and states that its IPO preparations were progressing Thomas Cook details Q3 revenues of £2.35bn from £2.25bn and stays confident on its full year outlook AstraZeneca reports a Q2 core EPS of $1.20 in line with the forecasts on cash flow of $3.80bn and maintains its 2013 sales forecasts BAE Systems announces H1 sales of £8.48bn and an EBITA of £865m and states that cost reductions continue to be in focus Shell details a Q2 adjusted operating profit of $4.6bn, against forecasts of $5.95bn seen Smith & Nephew reports Q2 revenues of $1.074bn and an adjusted EPS of 18c UBM details revenues from continuing operations of £391m and an adjusted operating profit of £80.7m and states it was reasonably satisfied with the progress of the group RSA Insurance states that the outlook for the full year is positive and reports an H1 underwriting result of £188m up 26% Aggreko reports H1 revenues of £760m up 4% and a pre-tax profit of £146m from £148m Carclo states that the financial year has started positively and that trading is in line UK News RBS is in focus as it looks set to appoint the successor to Hester from within, by moving Ross McEwen from the head of retail banking to the top job British Gas is in the news on reports it may offer some customers free electricity on Saturday’s in an attempt to lower the demand in peak weekday times The Telegraph writes on how a group of City investors are looking to float a £1.5bn vehicle to buy the 316 RBS Branches, before they have found out if they have secured the property portfolio in an auction O2 announces that will launch its 4G network from August 29th, at a higher costs, and lower coverage than EE News Corp attempts to reshape the online news model, as its Sun website moves to a pay service from today, charging £1/month for its online content, web analysts will keenly watch how much traffic gets diverted to the likes of dailymailk.co.uk and how many paying subscribers it can secure UK Analyst Changes Itv Removed From Conviction Buy List At Macquarie Barclays Cut To Market Perform Vs Outperform At Bernstein UK Insider Buying Ariana Resources Plc, (AAU), 1 insider(s) bought 1000000 shares, £0.93 Grainger Plc, (GRI), 1 insider(s) bought 12000 shares, £1.72 Latham (James) Plc, (LTHM), 1 insider(s) bought 5633 shares, £3.55 Telecity Group Plc, (TCY), 1 insider(s) bought 2000 shares, £9.23 Wolfson Microelectron, (WLF), 1 insider(s) bought 33300 shares, £1.54 UK Insider Selling Domino's Pizza Group Pl, (DOM),  insider(s) sold 70000 shares, £5.78 Reckitt Benckiser Group, (RB/),  insider(s) sold 345 shares, £47 FTSE 100 Movers Major European Companies Reporting Aggreko PLC, S1, 0,  ArcelorMittal, Q2, 0.073,  ArcelorMittal, S1, 0,  Arkema SA, S1, 0,  Assicurazioni Generali SpA, S1, 0,  AstraZeneca PLC, Q2, 1.185,  AstraZeneca PLC, S1, 2.16,  Atlantia SpA, S1, 0,  BAE Systems PLC, S1, 0.164,  Bayerische Motoren Werke AG, Q2, 1.972,  CGG, S1, 0,  Continental AG, Q2, 2.55,  Danske Bank A/S, Q2, 1.797,  Danske Bank A/S, S1, 0,  Enel SpA, S1, 0.16,  Eni SpA, S1, 0.69,  GDF Suez, S1, 0,  Intu Properties PLC, S1, 0.079,  Jupiter Fund Management PLC, S1, 0.113,  Legrand SA, Q2, 0.56,  Lloyds Banking Group PLC, S1, 0.023,  Mediaset SpA, S1, 0.03,  Metro AG, Q2, 0.037,  Neste Oil OYJ, Q2, 0.186,  ProSiebenSat.1 Media AG, Q2, 0.425,  Prysmian SpA, S1, 0,  Royal Dutch Shell PLC, Q2, 0.928,  RSA Insurance Group PLC, S1, 0.057,  Sanofi, Q2, 1.33,  SCOR SE, S1, 0.97,  Siemens AG, Q3, 1.205,  Smith & Nephew PLC, S1, 0,  Societe BIC SA, S1, 2.385,  Societe Generale SA, Q2, 0.915,  Telecom Italia SpA, S1, 0,  TGS Nopec Geophysical Co ASA, Q2, 0.578,  UBM PLC, S1, 0.213,  Wereldhave NV, S1, 0 European Market Summary The IMF warns that the Eurozone may need to write down a further sizeable amount of Greek debt after it discovers n $11bn black hole in its finances EADS announces that it is to change its name to that of its main unit Airbus and also stream.ine the corporation’s structure Ryanair’s chief has flagged up another possible way to charge customers, by charging for hand luggage The Spanish prime minister testifies to parliament 10:00 today on local corruption claims Spain sells Bonds at 10:30 Global Market Footprint Major US Stock Movers After Hours CBS gained 1% in late trading as it reports Q2 revenues and EPS at the upper end of the expectations S&P 500 Companies Reporting Ameren Corp, Q2, 0.469,  American International Group Inc, Q2, 0.855,  Apache Corp, Q2, 2.003,  Apartment Investment & Management Co, Q2, 0.479,  Automatic Data Processing Inc, Q4, 0.572,  Avon Products Inc, Q2, 0.256,  Becton Dickinson and Co, Q3, 1.481,  Cardinal Health Inc, Q4, 0.769,  CenterPoint Energy Inc, Q2, 0.263,  Chesapeake Energy Corp, Q2, 0.407,  Cigna Corp, Q2, 1.597,  Clorox Co/The, Q4, 1.343,  CME Group Inc/IL, Q2, 0.899,  ConocoPhillips, Q2, 1.289,  Consolidated Edison Inc, Q2, 0.572,  Covidien PLC, Q3, 0.891,  DENTSPLY International Inc, Q2, 0.643,  DIRECTV, Q2, 1.336,  Edison International, Q2, 0.686,  Exxon Mobil Corp, Q2, 1.904,  Fluor Corp, Q2, 1.008,  Iron Mountain Inc, Q2, 0.31,  Kellogg Co, Q2, 0.973,  Kraft Foods Group Inc, Q2, 0.673,  Leucadia National Corp, Q2, 0,  Marathon Petroleum Corp, Q2, 1.938,  Mylan Inc/PA, Q2, 0.674,  PerkinElmer Inc, Q2, 0.476,  PPL Corp, Q2, 0.471,  Procter & Gamble Co/The, Q4, 0.771,  Public Storage, Q2, 1.774,  Quanta Services Inc, Q2, 0.369,  SCANA Corp, Q2, 0.543,  TECO Energy Inc, Q2, 0.259,  Teradata Corp, Q2, 0.704,  Tesoro Corp, Q2, 1.433,  Time Warner Cable Inc, Q2, 1.653,  Vulcan Materials Co, Q2, 0.138,  WPX Energy Inc, Q2, -0.186,  Xcel Energy Inc, Q2, 0.393 US Market News Herbalife is back in the news on reports that George Soros has acquired a stake, the shares were up 9% yesterday and has been the subject of a public battle between Bill Ackman and Carl Icahn, with Icahn backing the food supplement provider while Ackman is publicly short The Fed left rates unchanged yesterday evening and states that persistently low inflation could hamper the economic expansion and confirmed it it is to keep buying $85bn in bonds every month The Guardian responds to the recent concerns on US NSA mobile communication tracking by detailing that the NSA can see ‘nearly everything you do online’ The President of Goldman, Gary Cohn, states that the firm continues to trade with SAC Capital Advisors. stating that they were an important client, and that they are a ‘great counterparty’ Bloomberg suggests that President Obama is looking at former Treasury Secretary Larry Summers, former Fed Vice Chairman Donald Kohn and current Fed Vice Chairman Janet Yellen as the front runners to replace Ben Bernanke Facebook is in the news as in yesterday’s trading it touched its original IPO price, after famously trading well under it, as it came under criticisms on how it was monetising its web presence Overnight Market News China’s State Council states that the nation ‘cannot blindly stimulate economic growth, nor can it allow economic growth to decelerate to a level out of the reasonable zone.’ Top FX The Aussie dollar has now come off to three year lows as the expectation that the Reserve Bank will cut interest rates next week, outweighs the slightly stronger manufacturing data out of China Top Commodity Retail ground beef prices in June gained 13% from the previous year as the US beef production stays lows as it continues to deal with last year’s surge in animal feed costs on the US drought, although US farms are preparing for a record corn crop this year, suggesting herds will be be buoyed over the next 24 months Economic Data Due 09:00 Eurozone July Manufacturing PMI, 50.1 exp. 50.1 previous 12:00 UK MPC Rate Announcement, 0.5% Unchanged exp. 12:45 Eurozone ECB Rate Announcement, 0.5% Unchanged exp. 13:30 US Initial Jobless Claims, 345k exp. 343k previous 15:00 US July Manufacturing ISM, 52.0 exp. 50.9 previous Economic Events 13:30 US ECB Press Conference UK Mortgage Approvals 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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