Day Ahead

Wednesday, August 14, 2013, Marketing Communication Opening Call The FTSE is expected to open around 20 points higher today UK Corporate Announcements Balfour Beatty reports H1 revenues of £4.32bn from £4.44bn and an H1 net loss of £59m from the profit of £79m Glencore Xstrata announces H1 total own sourced copper productions gained 20%, Gold also gained, 14%, while Zinc fell 3% Rentokil Initial details that H1 revenues, on constant currency, gained 3.7% to £1.17bn and has an H1 pre-tax profit of £51.9m down 19.5% and states that it is on track to beat its costs savings targets Lookers announces an H1 adjusted pre-tax profit of £28.8m on revenues of £1.24bn up 20% and details that its COO is to become CEO January 2014 Interserve announces an H1 pre-tax profit of £36.8m on revenues of £1.1bn and confirms its full year guidance UK News The FT suggests that Foxtons is keen to cash in on the increasing sentiment in the UK market with reports it could file for an IPO as early as this month The Finance Director at Barclays, Chris Lucas, is to step down this week for health reasons, he had been due to leave February 28, 2014 Ofcom has received criticisms from the mobile industry after its latest proposals to make 0800 numbers free from mobile calls The Telegraph details how BP has launched another legal challenge in the US, to look to overturn the ban in place on it securing new work for the US government, stating it faced a ‘substantial threat of irreparable harm’ if it was not lifted Emblaze’s Chairman announces that he is in advanced discussions to sell his 14% holding in the company to BGI Investments FTSE 100 Dividends: Anglo American PLC, AAL, ($0.32),  AstraZeneca PLC, AZN, ($0.90),  Diageo PLC, DGE, (29.30),  Fresnillo PLC, FRES, ($0.049),  GKN PLC, GKN, (2.60),  Meggitt PLC, MGGT, (3.95),  Pearson PLC, PSON, (16),  Rexam PLC, REX, (5.70),  Rio Tinto PLC, RIO, ($0.835),  Royal Dutch Shell PLC, RDSA, ($0.45),  Royal Dutch Shell PLC, RDSB, ($0.45),  SABMiller PLC, SAB, ($0.77),  Schroders PLC, SDR, (16),  Schroders PLC, SDRC, ($0.16),  Standard Chartered PLC, STAN, ($0.288) FTSE 100 Estimated Dividend Impact: 20.9 points FTSE 250 Dividends: Ashtead Group PLC, AHT, (6),  CSR PLC, CSR, ($0.045),  Direct Line Insurance Group PLC, DLG, (4.20),  F&C Commercial Property Trust Ltd, FCPT, (0.5g),  Ferrexpo PLC, FXPO, ($0.33),  Fidessa Group PLC, FDSA, (12.50),  Inchcape PLC, INCH, (5.70),  Informa PLC, INF, (6.40),  Law Debenture Corp PLC/fund, LWDB, (4.50),  Man Group PLC, EMG, (1.72),  Millennium & Copthorne Hotels PLC, MLC, (2.08),  Moneysupermarket.com Group PLC, MONY, (2.16),  PZ Cussons PLC, PZC, (5.04),  Telecity Group PLC, TCY, (3.50) FTSE Small Share: Blackrock North American Income Trust PLC, BRNA, (1),  Investors in Global Real Estate Ltd, IGRE, (1.05),  JPMorgan Asian Investment Trust PLC, JAI, (.50),  Medicx Fund Ltd, MXF, (1.425g),  Northgate PLC, NTG, (6),  Picton Property Income Ltd, PCTN, (.75),  Securities Trust of Scotland PLC, STS, (1.15) UK Analyst Changes Glaxosmithkline Raised To Neutral Vs Underweight At Jpmorgan Henderson Group Raised To Hold Vs Sell At Berenberg Intertek Selected By Irmm To Back Gas Oil Stability Testing Laird Raised To Buy Vs Neutral At Ubs William Hill Raised To Buy Vs Add At Numis UK Insider Buying None Scheduled UK Insider Selling None Scheduled FTSE 100 Movers Major European Companies Reporting Balfour Beatty PLC, S1, 0.052,  Celesio AG, Q2, 0.31,  DE Master Blenders 1753 NV, R, 0.443,  Deutsche Euroshop AG, Q2, 0.515,  GN Store Nord A/S, Q2, 1.102,  Hochtief AG, Q2, 0.523,  Holmen AB, Q2, 1.5,  Jyske Bank A/S, S1, 0,  Kabel Deutschland Holding AG, Q1, 0.543,  Ophir Energy PLC, S1, -0.14,  Portugal Telecom SGPS SA, S1, 0,  Rentokil Initial PLC, S1, 0,  RWE AG, Q2, 1.295,  Salzgitter AG, Q2, -0.91,  Subsea 7 SA, Q2, -0.169,  Swiss Life Holding AG, S1, 0,  United Internet AG, Q2, 0.226,  William Demant Holding A/S, S1, 11.035,  Wirecard AG, Q2, 0.176 European Market Summary Angela Merkel continues to ramp up her campaigning as the German election edges closer ThyssenKrupp states that the sale of its American unit is taking longer than expected The European competition authority has called for a pan-European telecoms watchdog, rather than the 28 national regulators there are currently Germany sells €4bn in bonds at 11:30 Global Market Footprint Major US Stock Movers After Hours Brocade Communications gained 15% as it announced Q3 numbers well ahead of the forecasts, and lifts its forecasts for the full year Seaworld fell over 11% as it announces lower customer numbers and cuts its full year outlook S&P 500 Companies Reporting Agilent Technologies Inc, Q3, 0.621,  Cisco Systems Inc, Q4, 0.512,  Deere & Co, Q3, 2.175,  Macy's Inc, Q2, 0.784,  NetApp Inc, Q1, 0.49 US Market News JC Penney announces that Bill Ackman has now agreed to resign from the board Carl Icahn states on Twitter that he has a ‘large position’ in Apple and he has stated that he would want Apple to complete a $150bn share buyback The US moved within $0.025bn of the $16.699tn debt ceiling The US Dept. of Justice along with several US states is making a legal challenge to the planned American Airlines and US Airways $11bn merger AOL’s CEO has made a public apology after he fired an employee in front of a room full of employees while also on a conference call with thousands listening in Goldman’s chief US equity strategist sees the S&P 500 climbing 7% over the next 12 months to 1,825 as the economic recovery continues Today's Bloomberg Social Velocity Alerts, (BSV) At&T Inc (T) Cytokinetics Inc (Cytk) Overnight Market News Singtel announces that after its strategic review it has decided to hold on to its Optus satellite unit Hong Kong has closed schools and offices as Typhoon Utor passes through, the systems was categorised by the third highest rating available, carriers in the region also have diverted hundreds of flights Chinese data shows that there were 590m internet users in China in June, and that 464m of these users accessed the internet via mobile phones Top FX The Indian Finance Minister states that the government is planning additional curbs on some imports, such as gold and silver, in an attempt to reduce the slide in the rupee Economic Data Due 06:30 Q2 French GDP, 0.1% exp. -0.2% previous 07:00 Q2 German GDP, 0.6% exp. 0.1% previous 09:30 UK July Jobless Claims Change, -15k exp. -21.2k previous 09:30 UK June ILO Unemployment Rate, 7.8% exp. 7.8% previous 10:00 Eurozone GDP, 0.2% exp. -0.2% previous 13:30 US July PPI m/m, 0.3% exp. 0.8% previous 13:30 US July Retail Sales, 0.3% exp. 0.4% previous Economic Events MPC Minutes Fed's Bullard Speaks MSCI Quarterly Index Review Eurozone 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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