Day Ahead

Monday, August 5, 2013, Marketing Communication Opening Call The FTSE is seen starting the week around unchanged UK Corporate Announcements Alent states that H1 trading has been solid amid challenging end markets Ultra Electronics reports an H1 underlying pre-tax profit of £55.4m up 0.7% on revenues of £367.7m and states that it is trading in line Morgan Sindall announces H1 revenues gained 2% up £1.01bn and an adjusted operating profit of £16.2m and states conditions are not seen significantly improving UK News Vodafone is seeking €1bn in damages from Telecom Italia, alleging it abused its dominant position in Italy The Telegraph suggests that the UK government is considering injecting a further £1.5bn into RBS While the FT has the CEO of Lloyds stating that its aim is to pay 70% of earnings as dividends HSBC is in the news as an in house rolling review in place since 2011 has highlighted the need to close 40 embassy and diplomatic mission bank accounts, with the likes of the Minister at the Papua New Guinea High Commission stating that for them to ‘throw us off’ after 22 years ‘is a bombshell’ – HSBC was fined $1.92bn last year in the US for not having sufficient anti-money laundering procedures EasyGroup announces plans for a pilot store in Croydon to look at rolling out a chain of stores to undercut the likes of Lidl and Aldi The Independent details how the UK Cinema audiences have stayed strong, with H1 takings up to £578.7m, up 8.5% UK Analyst Changes Anglo American Pt Raised To 1,500P Vs 1,400P At Citi Betfair Group Reistated At Buy At Goldman; Pt 1,070P Capita Cut To Hold Vs Buy At Berenberg Clariant Named Most Preferred At Citi, Replaces Johnson Matthey Drax Group Raised To Conviction Buy Vs Neutral At Goldman Enrc Added To Most Preferred Metals & Mining Shrs At Ubs Genel Energy Pt Upped To 1,150P Vs 1,000P At Liberum, Stays Buy Inchcape Pt Raised To 615P Vs 500P At Citi, Stays Neutral Kazakhmys Added To Least Preferred Metals & Mining Shrs At Ubs Kier Group Reinstated At Overweight At Jpmorgan; Pt 1,630P Man Group PT Raised to 101p vs 92p at Morgan Stanley Rbs Cut To Sell Vs Hold At Socgen Rightmove Pt Raised To 3,000P Vs 2,200P At Citi, Stays Buy Thomas Cook Group Pt Raised To 195P Vs 147P At Citi Thomas Cook Group Raised To Buy Vs Neutral At Citi Thomas Cook PT Raised to 145p vs 115p at BofAML William Hill PT Raised to 380p vs 339p at Nomura UK Insider Buying F&C Asset Management P, (FCAM), 1 insider(s) bought 10000 shares, £0.98 Nakama Group Plc, (NAK), 1 insider(s) bought 197140 shares, £0.01 Surface Transforms Plc, (SCE), 2 insider(s) bought 745000 shares, £0.08 UK Insider Selling Atkins (Ws) Plc, (ATK), 1 insider(s) sold 10000 shares, £11.41 Bae Systems Plc, (BA/), 1 insider(s) sold 30000 shares, £4.47 Domino'S Pizza Group, (DOM),  insider(s) sold 5410179 shares, £5.64 Gable Holdings Inc, (GAH), 1 insider(s) sold 500000 shares, £0.53 Jupiter Fund Manageme, (JUP), 1 insider(s) sold 4930 shares, £3.55 Lo-Q Plc, (LOQ),  insider(s) sold 100000 shares, £5.93 Ocado Group Plc, (OCDO),  insider(s) sold 1065242 shares, £2.85 FTSE 100 Movers Major European Companies Reporting HSBC Holdings PLC, S1, 0.52,  IMMOFINANZ AG, R, 0.239,  Pirelli & C. SpA, S1, 0.36,  Ultra Electronics Holdings PLC, S1, 0,  Veolia Environnement SA, S1, 0.15 European Market Summary Berlusconi is seen lobbying for a presidential pardon to his recent court losses, while analysts stay concerned that the instability in the government following his conviction is threatening the lull in the EU debt crisis The head of the opposition in Norway states that the Norwegian $740bn SWF may be too large to be handled by just one fund and that it needs to find a more competitive model to boost returns France sells €7.5bn in Bills at 14:50 Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours on Friday S&P 500 Companies Reporting Archer-Daniels-Midland Co, Q2, 0.436,  Dun & Bradstreet Corp/The, Q2, 1.517,  Integrys Energy Group Inc, Q2, 0.374,  Macerich Co/The, Q2, 0.813,  Tyson Foods Inc, Q3, 0.602,  Unum Group, Q2, 0.794,  Vornado Realty Trust, Q2, 1.208 US Market News The CEO of Time Warner Cable states that CBS has been uncompromising in its ongoing negotiations on the costs of airing CBS content as the blackout of CBS’ networks on Time Warner moves into its third day President Obama has overturned an order barring shipments of older iPhone models into the US, the first time the President’s Office has made a move against the International Trade Commission since 1987 On Friday Facebook closed above its IPO price for the first time A former employee of green Mountain Coffee Roasters has been sued by the SEC for repeatedly obtaining quarterly earnings data of the coffee group ahead of public release dates and trading the news VIX has closed down at its lowest level since March 15th Barron’s highlights analysts that see Franklin Resources as potentially gaining 20% over the next year Overnight Market News Overnight the Australian Prime Minister has set a general election date of September 7th Asian markets trade softer overnight as they follow on from the slightly disappointing US payrolls data on Friday Top FX Bloomberg details how for the first time in five years the euro is outperforming the Aussie Dollar, as the shift in sentiment form East to West continues Top Commodity The Federal Reserve is under pressure to potentially reverse the 10 year old ruling that allows US banks to trade physical commodities Economic Data Due 09:00 Eurozone July PMI Services, 49..6 exp. 49.6 previous 10:00 Eurozone June Retail Sales, -0.5% exp. 1.0% previous 15:00 US July Non manufacturing ISM, 53.0 exp. 52.2 previous Economic Events No Major Events Detailed US Manufacturing ISM 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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