Day Ahead

Wednesday, August 21, 2013, Marketing Communication Opening Call The FTSE is seen opening up around unchanged for the day UK Corporate Announcements Hikma Pharma details an H1 revenue of $638.3m up 19.9% and states H1 was exceptionally strong and sees a positive outlook for all its businesses and lifts its full year forecasts Hochschild Mining announces an H1 adjusted EBITDA of $90.4m from $168.4m and details it was suspending dividend payments Glanbia reports an H1 EBITA of €124m from 6.4% with revenues up 13% to €1.68bn and states that challenges remain Aga Rangemaster announces an H1 revenue of £119.5m and operating profits of £1.5m for the year UK News African Barrick Gold announces that Greg Hawkins has resigned as CEO with Bradley Gordon to be his replacement Ofcom states today that UK fixed retail calls markets are effectively competitive The Telegraph writes that Kate Bostock, the former head of clothing at Marks & Spencer has come back to the UK high street, becoming the CEO of Coast The Times details that UK companies delayed bonus payments of up to £1.7bn pounds until after March, in order to help staff avoid paying the 50% rate of income tax Ahead of a possible IPO Foxtons announces that it is investigating on whether hackers were able to access the account details of around 10,000 property searchers registered on their site FTSE 100 Dividends: British American Tobacco PLC, BATS, (45),  Capita PLC, CPI, (8.70),  Carnival PLC, CCL, (.25),  Hammerson PLC, HMSO, (8.30),  HSBC Holdings PLC, HSBA, ($0.10),  InterContinental Hotels Group PLC, IHG, (15.10),  InterContinental Hotels Group PLC, IHG, (87.10),  Prudential PLC, PRU, (9.73) FTSE 100 Estimated Dividend Impact: 10.6 points FTSE 250 Dividends: Catlin Group Ltd, CGL, ($0.05),  Lancashire Holdings Ltd, LRE, (.05),  Mondi PLC, MNDI, (€0.0955),  Rentokil Initial PLC, RTO, (.70),  Taylor Wimpey PLC, TW/, (.22),  UBM PLC, UBM, (6.7g),  Witan Investment Trust PLC, WTAN, (3.30), FTSE Small Share: F&C Capital & Income Investment Trust PLC/Fund, FCI, (2.15),  Jupiter European Opportunities Trust PLC, JEO, (3.50),  NCC Group PLC, NCC, (2.12),  Scottish American Investment Co PLC/fund, SCAM, (2.55) UK Analyst Changes Faroe Petroleum Raised To Buy Vs Hold At Numis Ladbrokes Cut To Reduce Vs Neutral At Nomura William Hill Raised To Buy Vs Reduce At Nomura UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Carlsberg A/S, Q2, 14.443,  Glanbia PLC, S1, 0.31,  Heineken Holding NV, S1, 0,  Heineken NV, S1, 1.246,  Hikma Pharmaceuticals PLC, S1, 0.43,  Marine Harvest ASA, Q2, 0.133,  Sydbank A/S, S1, 0 European Market Summary Germany’s Finance Minister has stated that Greece will need another bailout in order to plug a forthcoming funding gap Heineken announces an H1 adjusted operating profit of €1.33bn, and its CEO states that Q2 was clearly below its expectations and sees a further moderation in its top line after a poor spring Sweden sells Sek3.5bn in Bonds at 11:03, Portugal sells bills at 11:30, and Germany sells €5bn in bonds at 11:30 Global Market Footprint Major US Stock Movers After Hours Velti fell a hefty 47% at one stage after hours yesterday as the mobile based marketing services group announces Q2 revenues of $31.2m under the forecasts of $43m S&P 500 Companies Reporting Hewlett-Packard Co, Q3, 0.863,  JM Smucker Co/The, Q1, 1.195,  L Brands Inc, Q2, 0.593,  Lowe's Cos Inc, Q2, 0.792,  PetSmart Inc, Q2, 0.857,  Staples Inc, Q2, 0.181,  Target Corp, Q2, 0.958 US Market News Moody’s has lifted its outlook on the US to stable Goldman is in the news as it confirms that it was working with exchanges to resolve an options issue, where its sent some erroneous trades, and states that ‘our risk is within firm-wide limits’ and that any losses would not be material, though to be around $100m NYSE Euronext has reportedly talked to JP Morgan over a possible IPO of its European exchanges in 2014 US corporate bond volumes have fallen 9% from this time last year, while the level of company debt outstanding has increased by 12%, increasing concerns that for the larger bond traders exiting from some securities is coming tougher The FOMC meeting minutes will be watched closer than normal for additional clues on Fed tapering Kodak has emerged from bankruptcy as a smaller digital imaging company Today's Bloomberg Social Velocity Alerts, (BSV) At&T Inc (T) Best Buy Co Inc (Bby) Cabot Oil & Gas Corp (Cog) Conocophillips (Cop) Kcg Holdings Inc (Kcg) Overnight Market News The Japanese nuclear regulator has stated that he is concerned about leakage from additional tanks in Fukushima The China daily writes that China plans to boost the shipping industry by offering favourable tax policies and assistance for the manufacture of more efficient vessels, and for the regeneration of older ships India announces its own QE, that its central bank will buy long term government bonds and inject around £1.4bn into the banking system Sony has announced it will sell its Playstation 4 ahead of Christmas this year, although analysts do remain quite muted on the games that are so far available on the console Al Jazeera announces that it is launching a TV news channel in the US, but is yet to sign agreements with major operators to carry the channel Top FX Malaysia’s planning minister has stated that the ringgit is too low and that it had weakened too much for an economy that is due to improve in the coming months, currently it is at a three year low Economic Data Due 09:30 UK July PSNCR, £3.1bn previous 15:00 US July Existing Home Sales, 0.9% exp. -1.2% previous 19:00 Fed Releases Minutes Economic Events No Major Events Detailed US Home Sales 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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