Day Ahead

Thursday, September 26, 2013, Marketing Communication Opening Call The FTSE is called to open around 5 points lower this morning UK Corporate Announcements Compass Group states that it expects its full year operating margin to be up 20bps and above 7% for the first time, above previous forecasts TUI Travel lifts its full year operating profit ex items to 11% ex currencies Ladbrokes warns that it sees 2013 operating profit for its digital division to be under the current market expectations, citing increased competition Mitchells & Butlers announces 9 week LFL sales fell 1%, it holds a conference call at 09:00 Thomas Cook states that winter trading has started more slowly than last year  and that bookings have slowed in recent weeks, but maintains its full year outlook WS Atkins states that its overall outlook remains unchanged as it details it had a strong performance in the UK in H1 Moss Bros states that trading continues to be positive and in line with the expectations The LSE states that UK daily equity values gained 5% and states that LCH.Clearnet sees strong growth in all OTC areas UK News Ofcom announces that the fixed retail call markets are effectively competitive, but does impose some remedies on the wholesale call market including charge controls Royal Mail’s IPO is seen valuing the group as high as $6.9bn Barclays Wealth is seen pulling out of as many as 130 countries by 2016 as part of cost cutting moves Chancellor Osborne has lodged an objection, on plans to cap bonus payments, with the European Court of Justice arguing that on such a move banks would simply find other ways to remunerate staff, such as higher pension payments The ONS details that at the end of 2012 more than half the value of the UK stock market was owned by foreign investors, up to 53.2% from 43.4% in 2010 UK Analyst Changes Aggreko Rated New Underweight At Morgan Stanley, Pt 1,300P Apr Energy Rated New Overweight At Morgan Stanley, Pt 1,400P Cape Cut To Neutral Vs Overweight At Jpmorgan Centrica Cut To Neutral Vs Overweight At Jpmorgan Icap Cut To Sell Vs Reduce At Numis UK Insider Buying Chariot Oil & Gas Ltd, (CHAR), 5 insider(s) bought 1007000 shares, £0.19 Cls Holdings Plc, (CLI), 1 insider(s) bought 200 shares, £11.6 Falkland Islands Hldng, (FKL), 1 insider(s) bought 800 shares, £3.48 Firstgroup Plc, (FGP), 7 insider(s) bought 14587 shares, £1.2 Global Energy Developm, (GED), 1 insider(s) bought 10000 shares, £1 Regenersis Plc, (RGS), 1 insider(s) bought 39000 shares, £2.55 Sabmiller Plc, (SAB), 1 insider(s) bought 390 shares, £32.14 Sweett Group Plc, (CSG), 5 insider(s) bought 62000 shares, £0.44 Ubm Plc, (UBM), 1 insider(s) bought 300000 shares, £7.27 UK Insider Selling Frenkel Topping Group, (FEN), 1 insider(s) sold 1000000 shares, £0.28 Jupiter Fund Managemen, (JUP), 1 insider(s) sold 200000 shares, £3.77 Persimmon Plc, (PSN), 1 insider(s) sold 8960 shares, £11.21 Supergroup Plc, (SGP), 1 insider(s) sold 10328 shares, £11.53 FTSE 100 Movers Major European Companies Reporting Hennes & Mauritz AB, Q3, 2.478 European Market Summary Press reports suggests that the EU is considering a €50bn fund to aid non Euro area banks as part of a wider backstop plan Bloomberg details that Deutsche Bank has been seen talking to some of its main bond trading competitors to create a new multi-dealer US bond  trading platform The WSJ suggests that the board of Nokia has considered a merger deal with Alcatel Lucent Global Market Footprint Major US Stock Movers After Hours Bed Bath & Beyond announced Q2 EPS ahead of the forecasts and gained 5% after hours on the news Progress Software gained 4% as it also announced revenues and EPS ahead of the expectations Jabil Circuits came off 4% as it details Q1 EPS under the forecasts S&P 500 Companies Reporting Accenture PLC, Q4, 1.004,  McCormick & Co Inc/MD, Q3, 0.785,  NIKE Inc, Q1, 0.777 US Market News Bill Gross states that investors should not trust Moody’s triple A rating on the US, stating that it and the Treasury were one ‘happy family’ and that investors should instead focus on S&P, Fitch & Egan Jones JP Morgan is reportedly looking at a possible $11bn settlement with federal and state authorities to end a series of probes into mortgage bonds Wal-Mart details that it is cutting orders with suppliers this quarter and the following, citing rising inventory levels, as consumers have been tighter on spending than it anticipated The US Treasury warned that the US government is even closer to running out of money than previous estimates as it attempts to galvanise Congress into action by setting an October 17th deadline Oracle is in the news as the Oracle Team USA completes the largest comeback in America’s Cup history to win, they were down 8-1, but secured a 9-8 victory The WSJ suggests that rivals NYSE and Nasdaq have held talks to team up to protect each others exchanges on any future exchange outages SecondMarket details that it is to launch a Bitcoin Investment Trust Today's Bloomberg Social Velocity Alerts, (BSV) Applied Materials Inc (AMAT) Blyth Inc (BTH) FAB Universal Corp (FU) Helmerich & Payne Inc (HP) Overnight Market News Alibaba is reportedly moving towards a possible IPO on the NYSE, from Hong Kong, as the NYSE allows dual shares structures that allows insiders to keep control, such as at Facebook and Manchester United Economic Data Due 09:00 Eurozone August M3 Money Supply, 2.3% exp. 2.2% previous 09:30 UK Q2 GDP, 0.7% exp. 0.7% previous 13:30 US Initial Jobless Claims, 309k previous 13:30 US Q2 GDP, 2.7% exp. 2.5% previous 15:00 US August Pending Home Sales m/m, -1.0% exp. -1.3% previous Economic Events None Detailed USGDP 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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