Day Ahead

Tuesday, October 22, 2013, Marketing Communication Opening Call The FTSE is seen opening around unchanged today, ahead of the non-farm payrolls this afternoon UK Corporate Announcements UBM reports an adjusted operating margin of 20.3% from 21.3% and an adjusted operating profit of £117.9m down 4.3%, but sees full year underlying revenue growth at slightly under the 3-5% estimates Renold states that it sees its full year results substantially ahead of the market views GKN announces Q3 sales of £1.87bn up from £1.61bn and a trading profit of £152m from £113m and states it sees good progress ahead in 2013 Whitbread announces H1 LFL sales gained 2.8% with revenues of £1.14bn in line with the forecasts and states it is on track to deliver its business plan Arm reports Q3 revenues of £286m up 26% and an adjusted EPS of 5.11p and a Q3 pre-tax profit of £92.6m up from £68.1m Reckitt Benckiser details Q3 LFL sales ex pharma gained 5%, just ahead of the forecasts and states that it has started a strategic review of its pharma business UK News RBS was the leading faller in the FTSE yesterday after talk that the government may yet split the bank into a good and bad bank, potentially within the next few weeks Conditional dealing in Stock Spirits (STCK) starts today, as it raises £258m The OFT has launched a call for info on undergraduate higher education BSkyB announces a deal to show certain UEFA Champions League highlights on Twitter through a live feed UK Education Secretary Gove has given approval to fund 60 schools buying 3D printers and training teachers how to use them UK Analyst Changes Dana Gas Says Starts Arbitration Proceedings In London Dcc Rated New Buy At Cantor; Pt 3,120P Dunelm Group Rated New Overweight At Barclays; Pt 1,100P Etalon Cut To Neutral Vs Buy At Ubs Grainger Raised To Overweight Vs Neutral At Jpmorgan Iag Cut To Hold Vs Buy At Cantor Pik Raised To Buy At Ubs Shanks Rated New Buy At Liberum, Pt 125P UK Insider Buying Plus500 Ltd, (PLUS), 1 insider(s) bought 50000 shares, £1.69 UK Insider Selling None Detailed FTSE 100 Movers Upcoming UK IPO's Issuer Name - Pricing Date (If given) Applied Graphene Materials 12/31/2014 Everyman Media Group Plc 11/07/2013 Infinis Energy Ltd 11/30/2013 Merlin Entertainments plc Oxford Immunotec Global PLC Riverstone Energy Ltd 10/29/2013 Stock Spirits Group PLC 10/31/2013 Major European Companies Reporting Akzo Nobel NV, Q3, 0.796,  Koninklijke Philips NV, Q3, 0.304,  SAP AG, Q3, 0.79 European Market Summary Telecom Italia is seen backing away from plans to spinoff of its telephone grid The Bundesbank states that apartment prices in Germany’s major cities could be overvalued by as much as 20% Spanish press highlights how Bill Gates has taken a 6% stake in Spanish construction group FCC for €113m Global Market Footprint Major US Stock Movers After Hours Netflix gained over 10% in late trading as it announced strong quarterly earnings, and higher subscriber numbers, the stock has already quadrupled from last year Transocean is to replace Dell in the S&P 500, causing the stock to gain 3.7%, to take place after the close October 28, Dell is being purchased in a $24.9 LBO by CEO Michael Dell VMWare gained 8% as it announced that Q3 EPS of 83c ahead of the forecasts, with revenues up 14% to £1.29bn S&P 500 Companies Reporting Discover Financial Services, Q3, 1.212,  Gannett Co Inc, Q3, 0.41,  Halliburton Co, Q3, 0.816,  Hasbro Inc, Q3, 1.283,  McDonald's Corp, Q3, 1.509,  Netflix Inc, Q3, 0.47,  Texas Instruments Inc, Q3, 0.531,  Varian Medical Systems Inc, Q4, 1.113,  VF Corp, Q3, 3.778,  Zions Bancorporation, Q3, 0.423 US Market News The focus in the US today is naturally on the nonfarm payroll numbers, as it will help to give an indication on timing for QE tapering, which was seen being delayed due to the recent spats in Washington on the budget ceiling The vice chairman at Goldman, Michael Evans has stepped down after 20 years at the bank, he had been seen as potentially replacing Blankfein Facebook is in the news as users experienced difficulties updating their status yesterday, due to system issues Today's Bloomberg Social Velocity Alerts, (BSV) Gladstone Investment Corp (GAIN) Netflix Inc (NFLX) NYSE Euronext (NYX) Rio Tinto PLC (RIO) Overnight Market News Home prices in four of China’s major cities have gained 20% over the past year, with prices in 69 of 70 cities higher, increasing concerns of a house price bubble Economic Data Due 09:30 UK September PSNCR, -3.0bn exp. 13:30 US September Change in Non Farm Payrolls, 180k exp. 169k previous Economic Events EU General Affairs Ministers meet in Brussels Change in Non Farm Payrolls Contact Us 0044 (0) 207 894 8883 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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