Day Ahead

Thursday, August 29, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged today UK Corporate Announcements Admiral announces H1 pre-tax profit gained 6% to £181.4m with turnover down 7% to £1.09bn WPP reports an an H1 profit of £281m with revenues up 7% to £5.3bn in line with the forecasts and confirms its full year targets and also lifts its targets for faster growth markets to 40-45% Serco announces an H1 pre-tax profit of £106.1m against estimates of around £199m seen on revenues of £2.11bn up 10% but also under the forecasts and responds to press reports today and states that it has found no evidence that it misreported information to police on prisoners transports Hunting details an H1 reported profit of £40.8m from £40.3m and Hays states that overall market conditions are mixed as it reports a full year pre-tax profit fell 3% to £118.5m Evraz announces H1 revenues fell 3% to $7.36bn and details an EBITDA of $939m from $1.18bn and states it remains confident in string long term fundamentals Melrose details H1 revenues gained to £1.02bn from £466m, after purchases, and sees 2013 as looking like a very successful year Xaar announces an H1 adjusted pre-tax profit of £22.3m on sales of £63.9m UK News The WSJ suggests that Vodafone and Verizon have renewed talks over their US joint venture, in a deal possibly worth $130bn, and a full announcement could come by Monday A US judge has rejected a second request by BP to suspend compensation payments, stating that there was no ‘credible evidence’ to support the company’s allegations of fraud amongst claimants UK Analyst Changes Travis Perkins Raised To Buy Vs Neutral At Citi Vedanta Raised To Hold Vs Sell At Socgen Wolseley Raised To Buy Vs Neutral At Citi UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting ACS Actividades de Construccion y Servicios SA, S1, 0,  Admiral Group PLC, S1, 0.483,  Aeroports de Paris, S1, 1.63,  Baloise Holding AG, S1, 4.983,  Carrefour SA, S1, 0,  Essilor International SA, S1, 1.567,  Etablissements Maurel et Prom, S1, 0,  Exor SpA, S1, 0,  Gemalto NV, S1, 1.09,  Hays PLC, R, 0.05,  Hunting PLC, S1, 0.423,  Lagardere SCA, S1, 0,  L'Oreal SA, S1, 2.888,  Melrose Industries PLC, S1, 0,  Pernod Ricard SA, R, 4.792,  Rubis SCA, S1, 0,  Serco Group PLC, S1, 0.18,  ThromboGenics NV, S1, 2.01,  Vienna Insurance Group AG Wiener Versicherung Gruppe, Q2, 0.84,  Vivendi SA, S1, 0.705,  Wendel SA, S1, 0,  WPP PLC, S1, 0.292 European Market Summary Nowotny is due to speak at a ‘Central Bank Crisis Management’ panel at 09:15 Italy sells€6bn in bonds at 11:00 Global Market Footprint Major US Stock Movers After Hours Guess the US apparel retailer announced Q2 adjusted EPS well ahead of the forecasts and gained 18% after hours on the news S&P 500 Companies Reporting Campbell Soup Co, Q4, 0.418, Pall Corp, Q4, 0.886, Salesforce.com Inc, Q2, 0.077 US Market News JP Morgan stays in the news as a probe has found an internal spreadsheet which did appear to link certain asian appointments to deals being pursued by the bank SeaWorld Entertainment fell to its lowest level since its IPO in April as it cuts ticket prices to boost attendance numbers Amazon has hired Ted Olson a prominent Washington lawyer as it takes its taxation battle with New York state to the Supreme Court Globant, the Argentine based IT services company has announced it is to list on the NYSE Today's Bloomberg Social Velocity Alerts, (BSV) Verizon Communications Inc (VZ) Vodafone Group PLC (VOD) Zale Corp (ZLC) Overnight Market News Nintendo has cut the price of its Wii U console and announces the launched of a cheaper handheld player that does not have 3D functionality as the games consoles makers prepare for the key quarter ahead Top FX The rupee has gained 3% as the RBI announced a plan to sell dollars to refiners through a swap facility Economic Data Due 13:30 US Q2 annualised GDP, 2.3% exp. 1.7% previous 13:30 US Initial Jobless Claims, 336k previous Economic Events Fed's Bullard Speaks in Memphis US 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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