Day Ahead, November 12th

Tuesday, November 12, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged on the open today UK Corporate Announcements Vodafone confirms its full year guidance as it reports Q2 organic service revenues fell 4.9%, just worse than forecasts of 4.6, on H1 group revenues of £22.03bn Land Securities announces an H1 pre-tax profit of £397m from £131m, with adjusted NAV up 3.8% TalkTalk details that H1 total revenues gained to £843m from £828m and lifts its full year revenue growth guidance to at least 3% from 2% and lifts its medium term revenue growth target Babcock reports an H1 pre-tax profit of £141m from £121m on revenues of £1.7bn from £1.56bn CRH states that H2 EBITDA is expected to be in line with last year and added costs savings have been identified and that a detailed portfolio review is underway Speedy Hire announces an H1 adjusted pre-tax profit of £6.8m with revenues up 0.4% to £169m and states it is maintaining consistent strategy but is not expected to benefit from the recovery this year Oxford Instruments states that it is in talks to buy Andor Technology at 500p and states that it saw a marked improvement in trading in Q2 Premier Farnell reports Q3 sales gained 2.1% and expects to maintain its market share but states that it does have limited forward order visibility UK News The UK RICS house price balance has moved to an 11 year high as demand continues improve Marks & Spencer detailed yesterday that it aims to make India its second largest market with at least 44 new outlets by 2015 UK Analyst Changes Balfour Beatty Cut To Sell Vs Neutral At Ubs Bskyb Cut To Underperform Vs Neutral At Credit Suisse Catlin Raised To Hold Vs Reduce At Numis F&C Asset Management Rated New Underweight At Barclays; Pt 90P Iag Removed From Macquarie Conviction Buy List Morgan Advanced Materials Raised From Underperform At Bofaml Morgan Advanced Materials Raised To Neutral At Bofaml Randgold Resources Cut To Sector Perform Vs Outperform At Rbc Rbs Removed From Macquarie Conviction Sell List Royal Bank Of Scotland Cut To Neutral Vs Buy At Goldman UK Insider Buying None Detailed UK Insider Selling Mondi Plc, (MNDI), 1 insider(s) sold 20000 shares, £10.14 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials PLC 11/19/2013 EU Supply PLC 11/13/2013 GameAccount Network plc 11/25/2013 Infinis Energy Plc 11/15/2013 Just Retirement Group PLC 11/11/2013 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 Babcock International Group PLC, S1, 0.313,  Banca Popolare dell'Emilia Romagna SC, Q3, 0,  Banca Popolare di Milano Scarl, Q3, 0.01,  Banco Popolare SC, Q3, 0.02,  Bilfinger SE, Q3, 1.55,  BTG PLC, S1, 0.101,  CEZ AS, Q3, 10.95,  Cofinimmo, Q3, 0,  Deutsche Post AG, Q3, 0.345,  Deutsche Wohnen AG, Q3, 0.2,  Henkel AG & Co KGaA, Q3, 1.08,  Infineon Technologies AG, R, 0.239,  Land Securities Group PLC, S1, 0.197,  LANXESS AG, Q3, 0.218,  Mediaset SpA, Q3, 0,  OSRAM Licht AG, R, 1.344,  Pandora A/S, Q3, 4.061,  TalkTalk Telecom Group PLC, S1, 0.012,  Unione di Banche Italiane SCPA, Q3, 0.04,  Vodafone Group PLC, S1, 0.08 European Market Summary US based Vale Corp is to sell its stake in Norsk Hydro for as much as $1.8bn France’s Energy Minister has responded to reports and states that the government will not close any more of EDF nuclear reactors after its oldest plant closes in three years Icelandic business leaders are criticising the government for its moves to back out of EU accession talks, the government was voted into office earlier this year on the platform that it would end EU talks UniCredit announces a Q3 net of €204m ahead of the forecasts of €190.9m Reports suggest that Liberty Global the European based cable operator is in talks to buy the online pay-TV service under development at Intel Global Market Footprint Major US Stock Movers After Hours Solta Medical gained 12% despite announcing disappointing results as it also announces it has hired a team to advise on its best options S&P 500 Companies Reporting DR Horton Inc, Q4, 0.401,  NRG Energy Inc, Q3, 0.803 US Market News Google announces that it is to allow Nielsen to measure audiences for its ads on YouTube, in a move to digitise audience measurement News Corp detailed a 3% drop in revenues, which were eyed as they were the first results since the separation from 21st Century Fox, citing weakness in its Australian newspaper division PepsiCo announces that it is to invest over $4bn in India KKR announces that it is to buy Brickman Group for $1.6bn Today's Bloomberg Social Velocity Alerts, (BSV) Adobe Systems Inc (ADBE) BioFuel Energy Corp (BIOF) Gogo Inc (GOGO) Moody's Corp (MCO) Overnight Market News The China Securities Journal states that it is to restrict the use of land for industrial production to help ease the oversupply in certain key industries, such as in plate glass and steel production The Financial Stability Board has added ICBC to the list of banks that were deemed systemically important and too big to fail The Philippines continues to deal with the aftermath of the Typhoon with as many as 9.7m affected by the damage, and some estimates that 10,000 people may have been killed Economic Data Due 00:01 UK October RICS, 58% exp. 54% previous 09:30 UK October CPI, 0.4% exp. 0.4% previous Economic Events MSCI Quarterly Index Review 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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