Day Ahead

Wednesday, September 4, 2013, Marketing Communication Opening Call The FTSE is seen up around 20 points higher this morning UK Corporate Announcements Ashtead announces a Q1 underlying pre-tax profit of £99.5m up 59% with revenues up 24% to £410m and increases its full year expectations Hargreaves Lansdown reports a full year pre-tax profit of £195m up 28% with revenues up 22% to £292.4m Safestore states that it is on course to meet its full year expectations Micro Focus announces it intends to return 60p/shares to shareholders Ryanair states that it now sees its full year results at the lower end of the full year net profit range, and no guarantee that it may not finish slightly below UK News The UK lenders will be eyed after reports that the FCA is set to force them to settle yet another multi-billion dollar case, this time over its selling of Complex SWAPS products to small and medium sized businesses The OECD suggests that in Q3 and Q4 the UK will see growth ahead of that expected in Japan and the US Miners will be in focus as 80,000 gold miners in South Africa have gone on strike, with some stating they were receiving ‘slave wages in a white man’s economy’ Ladbrokes announces an acquisition of an Australian sportsbetting business for A$22.5m FTSE 100 Dividends: Aggreko PLC, AGK, (9.11),  ARM Holdings PLC, ARM, (2.10),  BHP Billiton PLC, BLT, ($0.59),  Croda International PLC, CRDA, (29),  IMI PLC, IMI, (12.80), Resolution Ltd, RSL, (7.05),  Serco Group PLC, SRP, (3.10),  Shire PLC, SHP, (1.95),  TUI Travel PLC, TT/, (3.75) FTSE 100 Estimated Dividend Impact: 4.2 points FTSE 250 Dividends: 888 Holdings PLC, 888, ($0.03),  Amlin PLC, AML, (7.80),  Betfair Group PLC, BET, (9),  Carillion PLC, CLLN, (5.50),  Elementis PLC, ELM, (1.6687),  esure Group PLC, ESUR, (.70),  esure Group PLC, ESUR, (1.80),  Greggs PLC, GRG, (6),  Hikma Pharmaceuticals PLC, HIK, ($0.03),  Hikma Pharmaceuticals PLC, HIK, ($0.07),  International Personal Finance PLC, IPF, (3.80),  Jardine Lloyd Thompson Group PLC, JLT, (10.10), JPMorgan American Investment Trust PLC, JAM, (5),  Michael Page International PLC, MPI, (3.25),  Micro Focus International PLC, MCRO, ($0.281),  National Express Group PLC, NEX, (3.25),  Perpetual Income and Growth Investment Trust PLC, PLI, (2.70),  Personal Assets Trust PLC/Fund, PNL, (140),  Polymetal International PLC, POLY, ($0.01),  Regus PLC, RGU, (.935),  Segro PLC, SGRO, (4.90),  Xaar PLC, XAR, (2.50) FTSE Small Share: BlackRock Latin American Investment Trust PLC, BRLA, ($0.15),  Capital & Regional PLC, CAL, (.25),  Cineworld Group PLC, CINE, (4.10),  HellermannTyton Group PLC, HTY, (1.32),  JPMorgan European Investment Trust PLC, JETG, (5.45),  JPMorgan European Investment Trust PLC, JETI, (3.25),  Lavendon Group PLC, LVD, (1.15),  Novae Group PLC, NVA, (6),  Robert Walters PLC, RWA, (1.54), Volex PLC, VLX, (.03),  XP Power Ltd, XPP, ($0.12g) UK Analyst Changes Intertek Cut From Ubs’S Most Preferred List Kenmare Added To Conviction Buy List At Goldman Morrison Added To Ubs’S Least Preferred List Rentokil Removed From Ubs’S Least Preferred List Ryanair Cut To Neutral Vs Buy At Ubs Serco Added To Ubs’S Most Preferred List, G4S To Least UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Ashtead Group PLC, Q1, 0.106, BioMerieux, S1, 1.9, Hargreaves Lansdown PLC, R, 0.314 European Market Summary EU regulators have stated that many of the US rules on OTC derivatives are as strong as EU standards which may make it easier for banks to follow just one set of requirements 11:30 Germany sells €5bn bonds at 11:30 Global Market Footprint Major US Stock Movers After Hours LinkedIn detailed after hours that it plans to offer a further $1bn in common stock and may use the proceeds to help fund acquisitions S&P 500 Companies Reporting Dollar General Corp, Q2, 0.74, SAIC Inc, Q2, 0.215 US Market News Bank of America is looking to raise $1.5bn by the sale of its remaining stake in China Construction Bank JC Penney has had a number of high profile hedge funds investing in the struggling retailer in recent weeks, the latest is Glenview Capital Management reporting it has built up a stake Microsoft traded down over 6% yesterday as investors question the plans to buy Nokia’s phone business Today's Bloomberg Social Velocity Alerts, (BSV) Advanced Micro Devices Inc (AMD) AT&T Inc (T) Cytokinetics Inc (CYTK) LinkedIn Corp (LNKD) Nokia OYJ (NOK) Tredegar Corp (TG) Overnight Market News Olympus shares have fallen as much as 6% overnight as the UK Serious Fraud Office announces its is investigating its Gyrus accounts and for misleading auditors Chinese president Xi Jinping states that the government opted for slower growth this year so as to allow it to adjust the structure of the nation’s economy Australian GDP numbers out overnight detail Q2 GDP gained 0.6% up from the 0.5% expected Japanese based economists warn that the Nikkei could slump by 10 or more if the prime minister failed to carry out the previously announced plans to raise a sales tax in April Radiation readings around tanks holding water from the damaged plant at Fukushima have increased towards the highest recorded levels, on concerns that the clean-up will take considerably longer than first anticipated JP Morgan is in the news once again as the father of one of the employees that was linked to the recent scandal of ‘hires-for-contracts’ has been indicted in China for bribery allegations Economic Data Due 09:30 UK August PMI Services, 59.7 exp. 60.2 previous 10:00 Eurozone Q2 GDP, 0.3% exp. 0.3% previous 13:30 US July Trade Balance, -$38.7bn exp. -$34.2bn exp. 15:00 Canada Bank of Canada Rate Decision, 1.0% exp. 1.0% previous Economic Events US Fed Beige Book 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). Major European Companies defined as those companies in the STOXX Europe 600 Index FTSE 100 Movers, Blue >0.25%, Green <0.25% > -0.25%, Red < -0.25%, Font size dependent on percentage size of move BSV is a Bloomberg Terminal filter searching for unusually high social media mentions on a stock This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media Regulatory Disclaimer This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). Cantor Capital and Cantor Index are trading names of CFE. This note is defined by the FCA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. 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