Day Ahead

Wednesday, October 16, 2013, Marketing Communication Opening Call The FTSE is called down around 10 points this morning UK Corporate Announcements 888 Holdings details nine month revenues gained to $294m from $278m and stays confident on its full year outlook Vertu Motors states that it sees its full year significantly ahead of the market estimates as it reports H1 revenues gained 33% to $837m Smiths News reports a full year adjusted EPS of 12.6% to 22.4p, ahead of the forecasts of 20.8p seen UK News IMI announces that it is to sell units to Berkshire Hathaway’s Marmon for $1.1bn and that it plans to return £620m to shareholders, and also takes the opportunity to state that trading has been in line Rangers FC announces that its CEO has resigned BBA Aviation announces that its chairman is to retire in May 2014 The ONS details that the average UK house prices moved up to a fresh record in August, moving ahead of pre-crisis levels, buoyed by demand in London and the South East Great Portland gains approval for a $770m development of a mail sorting centre near Oxford Street, London Easyjet announces that its online reservation system has returned to normal after it had experienced ‘significant problems’ FTSE 100 Dividends: None Scheduled FTSE 250 Dividends: Close Brothers Group PLC, CBG, (29.50),  F&C Commercial Property Trust Ltd, FCPT, (n/a),  Galliford Try PLC, GFRD, (25),  Intu Properties PLC, INTU, (n/a),  NB Global Floating Rate Income Fund Ltd, NBLS, (.89),  NB Global Floating Rate Income Fund Ltd, NBLU, ($0.089),  Spectris PLC, SXS, (14.75),  Ted Baker PLC, TED, (9.50) FTSE Small Share: British Polythene Industries PLC, BPI, (4.50),  Charles Taylor PLC, CTR, (3.25),  Henderson EuroTrust PLC, HNE, (12),  Mears Group PLC, MER, (2.50),  S&U PLC, SUS, (14),  Schroder Japan Growth Fund PLC, SJG, (1.75),  TR European Growth Trust PLC, TRG, (2),  TR European Growth Trust PLC, TRG, (6),  TT electronics PLC, TTG, (1.60) UK Analyst Changes Bt Added To Conviction Buy List At Goldman Centamin Cut To Neutral Vs Buy At Nomura Pearson Raised To Hold Vs Sell At Socgen UK Insider Buying 21St Century Technolo, (C21), 2 insider(s) bought 2494817 shares, £0.06 Synety Group Plc, (SNTY), 1 insider(s) bought 38500 shares, £1.32 Panmure Gordon & Co P, (PMR), 1 insider(s) bought 20000 shares, £1.4 Waterman Group Plc, (WTM), 1 insider(s) bought 30000 shares, £0.61 UK Insider Selling Arrow Global Group Plc, (ARW), 3 insider(s) sold 1851335 shares, £2.05 British Polythene Indu, (BPI), 1 insider(s) sold 5470 shares, £6.4 Xp Power Ltd, (XPP), 1 insider(s) sold 50000 shares, £15 FTSE 100 Movers Major European Companies Reporting ASML Holding NV, Q3, 0.518, Castellum AB, Q3, 2.064 European Market Summary LVMH announces Q3 revenues of €7.02bn just under the forecasts with sales up 8% and maintained its outlook ECB policymakers this week are expected to agree on ground rules into its investigations of the 130 banks it will start to supervise in 2014 Global Market Footprint Major US Stock Movers After Hours Joe’s Jeans came off 5% when it reported Q3 adjusted EPS of 1c, missing the forecasts for the third consecutive quarter S&P 500 Companies Reporting Abbott Laboratories, Q3, 0.516,  American Express Co, Q3, 1.219,  Bank of America Corp, Q3, 0.201,  Bank of New York Mellon Corp/The, Q3, 0.576,  BlackRock Inc, Q3, 3.881,  Comerica Inc, Q3, 0.708,  eBay Inc, Q3, 0.626,  International Business Machines Corp, Q3, 3.955,  KeyCorp, Q3, 0.225,  Kinder Morgan Inc/DE, Q3, 0.305,  Mattel Inc, Q3, 1.114,  Noble Corp, Q3, 0.7,  Northern Trust Corp, Q3, 0.763,  PepsiCo Inc, Q3, 1.17,  PNC Financial Services Group Inc/The, Q3, 1.608,  SanDisk Corp, Q3, 1.324,  SLM Corp, Q3, 0.591,  St Jude Medical Inc, Q3, 0.894,  Stanley Black & Decker Inc, Q3, 1.382,  US Bancorp/MN, Q3, 0.755,  WW Grainger Inc, Q3, 3.064,  Xilinx Inc, Q2, 0.524 US Market News The US fiscal talks are set to go to the wire as markets continue to see the events as largely political and expect a last minute deal to be secured, although Fitch stated that it has put the US on negative watch The US corporate reporting season continues apace, with the likes of Intel and Yahoo reporting yesterday Twitter announced that it is seeking an IPO on the NYSE, confirming previous indications that it was not looking at Nasdaq, it also detailed that nine month revenues gained to $422.2m from $204m. It plans to price the IPO on November 14. Nasdaq shares fell slightly after hours on the news Yahoo detailed Q4 sales of $1.18bn under the forecasts of around $1.25bn as it continues to lose market share to Google, however its 24% stake in Alibaba continues to help offset its main search business Today's Bloomberg Social Velocity Alerts, (BSV) Social Velocity Alert for Rio Tinto PLC (RIO) Overnight Market News Typhoon Wipha moves up the Japanese east coast, causing numerous flights and trains in the region to be cancelled The Chinese deputy finance minister has stated that the US must ‘shoulder its responsibility’ as the world’s largest economy and take concrete measures to avoid default I-Cable Communications was up over 170% overnight as it wins initial approval to compete in Hong Kong’s free to air TV market, after new permits were given for the first time in 40 years, PCCW gained 10%, while Hong Kong Television Network fell 31% as its permit application was rejected Economic Data Due 09:30 UK September Claimant Count, 4.2% exp. 4.2% previous 10:00 Eurozone September CPI, 0.5% exp. 0.1% previous Economic Events 19:00 US Fed Beige Book 19:00 Draghi Speaks in Frankfurt UK Claimant Count Rate 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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