Day Ahead, October 30th

Wednesday, October 30, 2013, Marketing Communication Opening Call The FTSE is called up around 10 points higher today UK Corporate Announcements C&C affirms its full year operating guidance of €125-132m on revenues of €336.7m up 27.8% Next announces Q3 retail sales gained 0.4% and states Next branded sales were just above guidance and details it plans to enhance its share buybacks by at least £300m Standard Life details nine month sales of £17.3bn against forecasts of £17.4bn seen, with fee based revenues up 15% in the first nine months of the year Barclays announces nine month adjusted pre-tax profit fell 20% to $4.97bn, with Q3 adjusted pre-tax profit of £1.39bn broadly in line African Barrick announces Q3 sales fell 17% to $221.1m with net income of $17.8m from $23.8m Pearson confirms its full year outlook as nine month sales gained 4% and states its restructuring programme remains on track Lookers states that it sees its full year results significantly ahead of the market views UK News A US court rules that Barclays will need to pay $700m to US hedge fund Black Diamond as it loses its appeal against previous rulings that it was in breach of contract over a large credit derivatives transaction The UK government is reportedly looking at a 0.75% cap on Pension Fund charges in order to help savers UK press highlights how the UK arm of Blockbuster is set to go into administration for the second time in 10 months as the business continues to struggle with the increasingly online rental market The ONS detailed that the UK population passed on £37bn through inheritance over the past year, with 76% of the inherited wealth going to 25% of the population The Times writes that Servelec, the Sheffield based software company, is set to announce today its plans for an IPO UK Analyst Changes BP Raised To Buy Vs Hold At Socgen Glanbia Rated New Buy At Cantor; Pt Eu11.9 Petrofac Raised To Buy Vs Neutral At Goldman UK Insider Buying None Detailed UK Insider Selling Utilitywise Plc, (UTW), 1 insider(s) sold 2712500 shares, £1.9 FTSE 100 Movers UK IPO's 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 Rightster Group plc 11/30/2013 Universal Movers Corp Major European Companies Reporting Abertis Infraestructuras SA, Q3, 0.42,  Barclays PLC, Q3, 0.066,  C&C Group PLC, S1, 0.173,  Clariant AG, Q3, 0.27,  Ebro Foods SA, Q3, 0,  Eni SpA, Q3, 0.298,  Erste Group Bank AG, Q3, 0.32,  Fiat SpA, Q3, 0.02,  Imerys SA, Q3, 0,  Jyske Bank A/S, Q3, 4.866,  Kerry Group PLC, Q3, 0,  Mapfre SA, Q3, 0,  Orkla ASA, Q3, 0.585,  Outotec OYJ, Q3, 0.174,  Pohjola Bank PLC, Q3, 0.275,  Sanofi, Q3, 1.438,  Schibsted ASA, Q3, 1.625,  Sika AG, Q3, 0,  Snam SpA, Q3, 0,  Statoil ASA, Q3, 3.653,  Storebrand ASA, Q3, 0.96,  Volkswagen AG, Q3, 3.91,  YIT OYJ, Q3, 0.239 European Market Summary Rabobank agrees to pay $1bn to US and British authorities for rigging Libor and other benchmark rates for a number of years, the bank’s chairman also announced he was stepping down Germany sells €4bn in bonds at 11:30, Italy sells up to €6bn in bonds at 12:00 Global Market Footprint Major US Stock Movers After Hours Buffalo Wild gained 10% as it reported Q3 revenues of $315m from $312m and lifts its full year targets Dreamworks Animation gained 8% as it reported a Q3 EPS of 12c well ahead of the estimates of around 0c seen, buoyed by strong revenues on its library of films Amarin fell 17% as the FDA announces that it rescinds the anchor study on a previous approval announcement stating that substantial scientific issues had been found S&P 500 Companies Reporting AGL Resources Inc, Q3, 0.145,  Allstate Corp/The, Q3, 1.408,  American Tower Corp, Q3, 0.91,  Automatic Data Processing Inc, Q1, 0.658,  BorgWarner Inc, Q3, 1.339,  Comcast Corp, Q3, 0.609,  Computer Sciences Corp, Q2, 0.848,  Corning Inc, Q3, 0.32,  Equity Residential, Q3, 0.724,  Exelon Corp, Q3, 0.665,  Expedia Inc, Q3, 1.349,  Garmin Ltd, Q3, 0.596,  General Motors Co, Q3, 0.933,  Hess Corp, Q3, 1.437,  JDS Uniphase Corp, Q1, 0.116,  Kraft Foods Group Inc, Q3, 0.696,  Lincoln National Corp, Q3, 1.222,  Marriott International Inc/DE, Q3, 0.448,  MetLife Inc, Q3, 1.36,  Microchip Technology Inc, Q2, 0.597,  Murphy Oil Corp, Q3, 1.468,  Owens-Illinois Inc, Q3, 0.768,  PerkinElmer Inc, Q3, 0.482,  PG&E Corp, Q3, 0.792,  Phillips 66, Q3, 0.934,  Praxair Inc, Q3, 1.514,  Public Service Enterprise Group Inc, Q3, 0.758,  Sealed Air Corp, Q3, 0.334,  Southern Co/The, Q3, 1.117,  Starbucks Corp, Q4, 0.595,  TE Connectivity Ltd, Q4, 0.892,  Visa Inc, Q4, 1.853,  Williams Cos Inc/The, Q3, 0.141,  Wisconsin Energy Corp, Q3, 0.587,  XL Group PLC, Q3, 0.537 US Market News CBS Corp is reportedly looking to launch a 24 hours news channel to be streamed live online, and would primarily include output from its existing television channels The WSJ reports that Blackberry executives met with Facebook in recent days to measure their level of interest in buying the struggling smartphone maker BlackRock CEO Laurence Fink states that the Fed is contributing to bubble like markets stating that it was imperative that the Fed starts to taper Today's Bloomberg Social Velocity Alerts, (BSV) Baidu Inc (BIDU) InvenSense Inc (INVN) Sears Holdings Corp (SHLD) Overnight Market News Toshiba has lifted its full year sales targets after a gain in memory chip prices China Construction Bank is reportedly close to securing a deal to buy Brazil’s Banco Industrial & Comercial SA Economic Data Due 10:00 Eurozone October Consumer Confidence, -14.5 exp. -14.5 previous 12:30 US September CPI m/m, 0.2% exp. 0.1% previous 18:00 US October FOMC Rate Decision, 0.25% previous Economic Events None Detailed US CPI 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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