Day Ahead

Thursday, October 17, 2013, Marketing Communication Opening Call The FTSE is called down around 10 points lower this morning UK Corporate Announcements Diageo Q1 details organic net sales gained 3%, but just under the estimates of 4% seen, and states it remains committed to meet its medium term guidance Rank states that it sees its full year profits marginally under the current expectations, and that it is taking revenue improvement and cost reduction actions Travis Perkins reports total sales growth of 8.6% and stays on track to meet its EPS targets, buoyed by growth in its trade division although consumer markets were lagging Booker Group states that trading has been in line with the market expectations on H1 sales of £2.22bn from £1.91bn BSkyB details Q1 revenues of £1.84bn up 7% and an adjusted pre-tax profit of £205m SABMiller announces H1 organic lager volumes gained 1%, ahead of the forecasts and states that its financial performance is in line Britvic announces Q4 revenues of £366m up 12.8% Man Group details AUM of $52.5bn from $52bn and states that it remains cautious in its outlook for asset flows Mothercare announces Q2 total group sales fell 0.5% states that the margin environment was more challenging UK News The Royal Academy of Engineering states in a new report that there was the growing risk of power outages over the next  few years due to the closure of older power plants and the slow progress in building new ones While the UK does announce today a deal with Chinese investors and EDF Energy to build the first nuclear plant in the UK for over 15 years Permira’s Just Retirement unit is reportedly looking to start its IPO process in the coming days WH Smith is expected to have its website down for the full week as it responds to criticisms that its ebook online marketplace for self-published works was allowing adult content to be viewable to minors The UK sells £4.75bn in bonds at 10:30 UK Analyst Changes Barclays Resumed At Equalweight At Morgan Stanley; Pt 300P Centamin Cut To Neutral Vs Buy At Nomura Tui Travel Cut To Neutral Vs Buy At Ubs UK Insider Buying Jubilee Platinum Plc, (JLP), 1 insider(s) bought 665188 shares, £0.04 Sig Plc, (SHI), 2 insider(s) bought 130 shares, £1.9 UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Actelion Ltd, Q3, 0.885,  Booker Group PLC, S1, 0,  British Sky Broadcasting Group PLC, Q1, 0.135,  Elisa OYJ, Q3, 0.346,  Investor AB, Q3, 0,  TeliaSonera AB, Q3, 1.115 European Market Summary General Electric is seen floating its GE Capital arm, and rename it Cembra Money Bank, valuing the unit at around 1.5bn Sfr Spain sells bonds at 10:30 and France at 11:30 Global Market Footprint Major US Stock Movers After Hours Select Comfort was the major faller after hours, off over 25% as it details a Q4 EPS of 18-26c well under the 31c forecasts Ebay fell 4.7% as it announces a Q4 adjusted EPS of 79-81c just missing the estimates of 83c seen, detailing that growth in online shopping rates has slowed IBM slipped over 5% as it detailed that sales have now fallen for six consecutive quarters, down 4% to $23.7bn, and against forecasts of around $24.5bn seen, citing slowing sales in China S&P 500 Companies Reporting Amphenol Corp, Q3, 0.965,  Baxter International Inc, Q3, 1.191,  BB&T Corp, Q3, 0.699,  Capital One Financial Corp, Q3, 1.775,  Chipotle Mexican Grill Inc, Q3, 2.778,  Danaher Corp, Q3, 0.828,  Dover Corp, Q3, 1.498,  Fifth Third Bancorp, Q3, 0.415,  Goldman Sachs Group Inc/The, Q3, 2.473,  Google Inc, Q3, 10.389,  Huntington Bancshares Inc/OH, Q3, 0.171,  Intuitive Surgical Inc, Q3, 3.395,  M&T Bank Corp, Q3, 2.088,  Nucor Corp, Q3, 0.386,  Peabody Energy Corp, Q3, -0.03,  People's United Financial Inc, Q3, 0.208,  Philip Morris International Inc, Q3, 1.434,  PPG Industries Inc, Q3, 2.345,  Quest Diagnostics Inc, Q3, 1.146,  Snap-on Inc, Q3, 1.413,  Stryker Corp, Q3, 0.995,  Union Pacific Corp, Q3, 2.477,  UnitedHealth Group Inc, Q3, 1.526 US Market News The US Senate passes accord and ends the 16 day US government shutdown ahead of today’s deadline Carlos Slim’s plans in Europe take a setback as America Movil late yesterday withdrew its €7.2bn euro offer for Royal KPN as it felt it would be impossible to meet its goal of lifting its stake to more than 50% Mark Cuban was cleared in his insider trading case, after allegations he violated rules when he sold his stake in Mamma.com just ahead of an announcement of a private share sale that would have diluted his stake Today's Bloomberg Social Velocity Alerts, (BSV) Amarin Corp PLC (AMRN) Bristol-Myers Squibb Co (BMY) Bristol-Myers Squibb Co (BMY) eBay Inc (EBAY) ImmunoCellular Therapeutics Lt (IMUC) International Business Machine (IBM) iShares China Large-Cap ETF (FXI) Merck & Co Inc (MRK) Splunk Inc (SPLK) Yahoo! Inc (YHOO) Overnight Market News Asian markets traded a little higher overnight on the US shutdown ending as expected just ahead of the deadline Lao Airlines announces that 49 have died after one of its planes crashed into the Mekong river while attempting to land Economic Data Due 09:30 UK September Retail Sales, 0.3% exp. -1.0% previous 13:30 US Initial Jobless Claims, 335k exp. 374k previous Economic Events US Deadline on Debt Ceiling UK Retail Sales 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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