Day Ahead, November 11th

Monday, November 11, 2013, Marketing Communication Opening Call The FTSE is seen opening up around 30 points this morning UK Corporate Announcements Admiral announces that year on year market premiums are down and that revenues fell 7% to £528m but that it remains on track to meet its full year expectations Lonmin announces a full year underlying pre-tax profit of $158m from $57m and maintains its sales guidance FlyBe reports an H1 net profit of £13.6m on revenues of £351.1m and reports a significantly improved final performance and states that its turnaround was gaining momentum Catlin announces that gross written premiums gained 8% to $4.42bn and premium rates gained 1% in the nine months and states its overall performance has been strong Cobham maintains its 2013 full year targets and states that commercial markets have partly offset the US defence market Hammerson details occupancy rates of 97.1% with new leases up 84% from last year Carr’s Milling announces full year revenues gained 15.8% and a full year EBITDA of £22.2m Redrow states that private reservations are up 52% from last year and cancellations are down to 12% from 17% and that help to buy was used in 35% of private reservations, with average reserved selling price up 11% at £271,000 UK News The Telegraph suggests that the Co-op bank may look to spin off its renewable energy lending unit The FT writes on how major banks are considering banning the use of electronic chat rooms on their trading floors due to the liability it creates if/when regulators come knocking The Times writes on how the SFO has been increasingly reforging ties with British spying agencies as it looks to strengthen its investigations into corporate theft and fraud Barclays and Deutsche Bank have lost in their efforts to keep the latest Libor claims out of the courts BT has defended its £900m champions league deal, suggesting that exclusivity of showing the European matches is worth the cost and that consumers will pay to buy both Sky and BT packages Shire announces that it is to acquire ViroPharma for $50/share in cash UK Analyst Changes Ab Foods Cut To Equalweight Vs Overweight At Barclays Bskyb Cut To Reduce Vs Buy At Nomura Bt Group Raised To Overweight Vs Neutral At Jpmorgan Itv Cut To Neutral Vs Buy At Citi Paragon Raised To Outperform Vs Sector Perform At Rbc RSA Insurance Cut to 'Underperform' at RBC Capital Schroders Raised To Add Vs Hold At Numis UK Insider Buying Croda International Pl, (CRDA), 1 insider(s) bought 4233 shares, £23.51 International Ferro Me, (IFL), 6 insider(s) bought 600000 shares, £0.09 Meggitt Plc, (MGGT), 1 insider(s) bought 15000 shares, £5.08 UK Insider Selling Mondi Plc, (MNDI), 1 insider(s) sold 20000 shares, £10.19 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 11/19/2013 EU Supply PLC 11/13/2013 Infinis Energy Plc 11/15/2013 Just Retirement Group Ltd Mincon Group Plc 11/30/2013 Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Servelec Group Plc Universal Movers Corp Major European Companies Reporting Kabel Deutschland Holding AG, Q2, 0.68,  Lonmin PLC, R, 0.132,  UniCredit SpA, Q3, 0.03,  Wincor Nixdorf AG, R, 2.913 European Market Summary Renault-Nissan announce that they now do not expect to meet their 2016 electric car targets stating that the market was failing to live up to its expectations, suggesting the investor enthusiasm for the likes of Tesla is yet to be matched by wider consumer interest Late on Friday S&P moved its rating on Portugal to stable from negative 11:30 Germany sells €3bn in bills Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting News Corp, Q1, 0.02 US Market News Data out on Friday showed that US Consumer Confidence dropped in November to 72, from 74.5 in October and under the expectations US press continues to speculate the next generation of smart phones will have curved screens and enhanced enhanced sensors Barron’s highlighted analysts that see strength ahead on Gulfmark Offshore, Allianz, International Paper, Hanesbrands, L-3 Communications, Xerox and Devon Energy Michale Kors is to replace NYSE in the S&P 500 delayed by the NYSE, Intercontinental Exchange merger which is now expect to complete November 13th Today's Bloomberg Social Velocity Alerts, (BSV) Achillion Pharmaceuticals Inc (ACHN) Alexion Pharmaceuticals Inc (ALXN) DaVita HealthCare Partners Inc (DVA) Gladstone Investment Corp (GAIN) Hewlett-Packard Co (HPQ) National Bank of Greece SA (NBG) Pretium Resources Inc (PVG) Southwest Airlines Co (LUV) United Technologies Corp (UTX) Overnight Market News Chinese industrial output gained by 10.3% on October ahead of the forecasts, Xi Jinping meets with top communist leaders tomorrow to conclude a four day meeting to work on an economic blueprint on its continues expansion The Philippine market has had a softer session as the widespread devastation caused by the super typhoon Haiyan is expected to weigh on economic growth Economic Data Due 09:00 Italy September Industrial Production, 0.1% exp. -0.3% previous Economic Events 09:00 EU Finance aides meet on 2014 budget in Brussels Italian Industrial Production 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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