Day Ahead, October 24th

Thursday, October 24, 2013, Marketing Communication Opening Call The FTSE is seen up around 30 points on the open today UK Corporate Announcements WPP announces Q3 reported revenues of £2.68bn up 7.4% and reiterates its headline operating margin target of 15.3% Unilever reports Q3 underlying sales growth of 3.2%, just missing the forecasts of 3.3% and states that it has not yet seen an improvement in market conditions in Europe or North America Debenhams announces a full year pre-tax profit of £154m down 2.7% and states that it remains cautious on the strength and pace of the consumer recovery Inchcape announces Q3 revenues gained 7.8% on constant currencies and maintains its full year targets St James Place reports AUM gained 4% to £41.8bn and states that it remains confident of growth in line with its targets Spirent details Q3 numbers largely in line, but states that Q4 will see an impact due to customers delaying orders UK News Goldman details that it is to sell 16m shares in Sports Direct through an accelerated bookbuild Asos management announces that its senior management is selling 1.88m shares, around 2.3% of the company, in an accelerated bookbuid through JP Morgan ENRC remains in focus over its corporate governance and the Kazak based mining group has stated that foreign companies listing in Britain should be given a ‘quarantine’ period to adapt to life on the main market, admitting that business practises amongst many foreign firms does not meet the basic international standards Aberdeen Asset Management has reportedly made an all share offer for Scottish Widows The FT highlights how Brevan Howard has now largely moved out of the UK, and into the Channel Islands and Switzerland in order to avoid increasing US and EU legislation UK Analyst Changes Arm Cut To Neutral Vs Buy At Ubs Bt Added To Ubs’S Least Preferred List Bt Cut To Sell Vs Neutral At Ubs Inmarsat Rated New Hold At Berenberg; Pt 775P UK Insider Buying None Detailed UK Insider Selling Smiths News Plc, (NWS), 1 insider(s) sold 59704 shares, £2.08 FTSE 100 Movers UK IPO Issuer Name Pricing Date 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 Major European Companies Reporting ABB Ltd, Q3, 0.364,  Aixtron SE, Q3, -0.058,  Amer Sports Oyj, Q3, 0.557,  Banco de Sabadell SA, Q3, 0.04,  Banco Santander SA, Q3, 0.11,  Bankinter SA, Q3, 0.068,  Credit Suisse Group AG, Q3, 0.536,  Daimler AG, Q3, 1.288,  Dassault Systemes SA, Q3, 0.855,  Debenhams PLC, R, 0.097,  DNB ASA, Q3, 2.38,  Elan Corp PLC, Q3, -0.002,  Holmen AB, Q3, 2.291,  Husqvarna AB, Q3, 0.388,  Intrum Justitia AB, Q3, 2.802,  JM AB, Q3, 3.261,  Kesko OYJ, Q3, 0.479,  Metso OYJ, Q3, 0.603,  Neste Oil OYJ, Q3, 0.44,  Sandvik AB, Q3, 1.278,  Shire PLC, Q3, 0.554,  Skandinaviska Enskilda Banken AB, Q3, 1.523,  Software AG, Q3, 0.363,  Telefonaktiebolaget LM Ericsson, Q3, 1.165,  Telenet Group Holding NV, Q3, 0.445,  UPM-Kymmene OYJ, Q3, 0.17,  Wartsila OYJ Abp, Q3, 0.488 European Market Summary President Obama has felt the need to state to Angela Merkel that the US was not monitoring her mobile phone India is attempting to cancel a $748m contract to buy 12 AgustaWestland helicopters, a unit of Finmeccanica, alleging high level bribes Global Market Footprint Major US Stock Movers After Hours Symantec came off 13.5% as it announces Q2 adjusted EPS just ahead of the forecasts, but on revenues that missed Boston Scientific gained 1% in late trading as it announced that it was cutting 1,500 jobs worldwide ETrade fell 3% as it announces it is selling its market making business for $75m S&P 500 Companies Reporting 3M Co, Q3, 1.754,  Alexion Pharmaceuticals Inc, Q3, 0.792,  Altria Group Inc, Q3, 0.636,  Amazon.com Inc, Q3, -0.108,  AutoNation Inc, Q3, 0.767,  Ball Corp, Q3, 0.932,  Bemis Co Inc, Q3, 0.603,  Boston Scientific Corp, Q3, 0.093,  CA Inc, Q2, 0.727,  Cabot Oil & Gas Corp, Q3, 0.175,  Cameron International Corp, Q3, 0.832,  Celgene Corp, Q3, 1.54,  Cerner Corp, Q3, 0.355,  Chubb Corp/The, Q3, 1.869,  Cincinnati Financial Corp, Q3, 0.57,  Cliffs Natural Resources Inc, Q3, 0.74,  Coca-Cola Enterprises Inc, Q3, 0.8,  Colgate-Palmolive Co, Q3, 0.725,  Diamond Offshore Drilling Inc, Q3, 1.166,  Dow Chemical Co/The, Q3, 0.536,  Eastman Chemical Co, Q3, 1.636,  Ensco PLC, Q3, 1.666,  EQT Corp, Q3, 0.496,  Express Scripts Holding Co, Q3, 1.083,  FLIR Systems Inc, Q3, 0.33,  Flowserve Corp, Q3, 0.842,  Ford Motor Co, Q3, 0.373,  Franklin Resources Inc, Q4, 0.865,  Hershey Co/The, Q3, 1.003,  International Paper Co, Q3, 0.925,  KLA-Tencor Corp, Q1, 0.653,  McKesson Corp, Q2, 2.043,  Mead Johnson Nutrition Co, Q3, 0.794,  Microsoft Corp, Q1, 0.546,  Noble Energy Inc, Q3, 0.951,  Precision Castparts Corp, Q2, 2.83,  Principal Financial Group Inc, Q3, 0.872,  PulteGroup Inc, Q3, 0.358,  Raytheon Co, Q3, 1.331,  Southwest Airlines Co, Q3, 0.333,  Starwood Hotels & Resorts Worldwide Inc, Q3, 0.631,  T Rowe Price Group Inc, Q3, 0.964,  VeriSign Inc, Q3, 0.566,  Western Digital Corp, Q1, 2.049,  Wynn Resorts Ltd, Q3, 1.659,  Xcel Energy Inc, Q3, 0.771,  Xerox Corp, Q3, 0.249,  Zimmer Holdings Inc, Q3, 1.243 US Market News Bank of America was found liable for fraud over its selling of defective home loans to government backed mortgage companies, in what is seen as a significant victory for the US government Pintertest the social networking site is now seen worth around $3.8bn after its latest round of fundraising Today's Bloomberg Social Velocity Alerts, (BSV) Akamai Technologies Inc (AKAM) Altera Corp (ALTR) Cree Inc (CREE) Juniper Networks Inc (JNPR) Starbucks Corp (SBUX) Overnight Market News Samsung has been criticised in Chinese media for its alleged poor customer service on seven of its models which were malfunctioning, the South Korean firm states that it will provide free repairs on the models and sincerely apologises for any inconvenience caused Chinese PMI numbers moved to a seven month high, as the economy stabilises, but is yet to post a strong rebound Economic Data Due 09:00 Eurozone October Manufacturing PMI, 51.5 exp. 51.1 previous 13:30 US Initial Jobless Claims, 358k previous 15:00 US September New Home Sales, 425k exp. 421k previous Economic Events Carney speaks in London EU Leaders meet in Brussels US Initial Jobless Claims 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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