Day Ahead, November 15th

Friday, November 15, 2013, Marketing Communication Opening Call The FTSE is called up around 10 points higher today UK Corporate Announcements Rotork announces Q3 revenues gained 13% and states that the sterling appreciation significantly reduced the tailwinds Vedanta Resources announces an H1 EBITDA of $2.2bn on revenues of $6.2bn down 17% and an H1 loss of $217m from the profit of $173.6m IAG announces a new operating profit target of €1.8bn for 2015 from its previous target of €1.6bn it makes the statements ahead of a capital markets day today UK News Sky suggests that Aviva is attempting to sell its £1bn asbestos liabilities WPP is the subject of market rumours that it is a possible bidder for Interpublic Arria is the latest to join the ever growing list of potential IPOs, the company specialises in data mining software AstraZeneca is named amongst three generic drugmakers in a class action lawsuit that they overcharged consumers by delaying low cost versions of Nexium, the heartburn drug for six years Infinis starts trading today the Renewable Energy business owned by Terra Firma from its acquisition of Waste Recycling Group, the IPO price is at 260p the indicative range was 260-310p, the IPO will be eyed as the early gloss set by Royal Mail already appears to be waning London Capital group announces that its Finance Director has stepped down from the board Client Notice The LSE is due to upgrade its systems over the weekend as a result existing GTC orders placed through Cantor Capital will need to be re-entered on Monday 18th, November 2013.It is the clients responsibility to ensure that these GTC orders are re-entered. Please contact the desk this afternoon to confirm the procedure to re-enter GTC orders and to confirm that the LSE upgrade is still scheduled to take place as the LSE has previously postponed this upgrade. UK Analyst Changes Hargreaves Lansdown Rated New Overweight At Jpmorgan; Pt 1,415P Intertek Cut To Neutral Vs Overweight At Jpmorgan Legrand, Rolls-Royce Added To Bofaml Cap. Goods Most Preferreds Perform Group Cut To Equalweight Vs Overweight: Morgan Stanley Rsa Insurance Cut To Hold Vs Buy At Berenberg Serco Raised To Buy Vs Neutral At Ubs UK Insider Buying Bowleven Plc, (BLVN), 1 insider(s) bought 100000 shares, £0.45 Bwin.Party Digital Ente, (BPTY), 1 insider(s) bought 150000 shares, £1.23 Dialight Plc, (DIA), 2 insider(s) bought 20870 shares, £9.08 Ipplus Plc, (IPP), 2 insider(s) bought 41415 shares, £0.27 Norcros Plc, (NXR), 1 insider(s) bought 150000 shares, £0.21 Purecircle Ltd, (PURE), 1 insider(s) bought 20000 shares, £3.65 Shire Plc, (SHP), 1 insider(s) bought 22000 shares, £28.19 UK Insider Selling Berendsen Plc, (BRSN), 1 insider(s) sold 30000 shares, £9.51 Bunzl Plc, (BNZL), 1 insider(s) sold 36639 shares, £14.04 Smiths News Plc, (NWS), 2 insider(s) sold 235197 shares, £2.1 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Infinis Energy Plc 11/15/2013 Applied Graphene Materials PLC 11/19/2013 Oxford Immunotec Global PLC 11/21/2013 GameAccount Network plc 11/25/2013 Rightster Group plc 11/30/2013 Mincon Group Plc 11/30/2013 Major European Companies Reporting Ackermans & van Haaren NV, Q3, 0,  GN Store Nord A/S, Q3, 1.14,  GSW Immobilien AG, Q3, 0.42,  Koninklijke Boskalis Westminster NV, Q3, 0,  Vedanta Resources PLC, S1, 0.425 European Market Summary S&P has cut its rating on Telecom Italia Spa to junk status and keeps the negative outlook Vivendi announces that it is to split off its phone carrier business SFR by the summer of next year and transform the remaining business into a pure media group Both Spain and Ireland stated yesterday that they are looking to exit the international bailouts within the next two-three months French football clubs have now postponed the planned strike over the top rate 75% tax Moody’s has lifted its outlook on Egypt to B- from CCC+ with a stable outlook Global Market Footprint Major US Stock Movers After Hours Agilent gained 5% as it announces Q4 EPS ahead of the forecasts and despite lowering its Q1 outlook S&P 500 Companies Reporting Covidien PLC, Q4, 0.896 US Market News Moody’s has cut its rating on four of the major US banks, Morgan Stanley, Goldman, JP Morgan and Bank of New York after deciding that the US government is now less likely to step in and help them repay creditors in any future crisis Berkshire Hathaway details that it has taken a $3.7bn stake in Exxon Mobil, its largest new holding since IBM in 2011 The Fed states that the US did not intervene in currency markets in the last quarter Kimberley Clark announces that it is to spin off its health care unit American Woodmark is to replace Nash Finch in the S&P 500 Smallcap 600 Google has won its its efforts to scan millions of books and place them online, as US judge dismisses the case brought by the US Authors guild Snapchat has turned down a $3bn offer from Facebook Today's Bloomberg Social Velocity Alerts, (BSV) Coca-Cola Co/The (KO) Comcast Corp (CMCSA) Exxon Mobil Corp (XOM) Globalstar Inc (GSAT) Linn Energy LLC (LINE) Tile Shop Holdings Inc (TTS) Youku Tudou Inc (YOKU) Overnight Market News The Nikkei has moved back above 15,000 for the first time since May, attempting to follow the S&P 500 higher Sachin Tendulkar may have finished his last test match for India, scoring 74 in the first innings in the match against the West Indies, he is the highest scorer in test history at 15,921 Economic Data Due 10:00 Eurozone October CPI, -0.1% exp. 0.5% previous 13:30 US November Empire Manufacturing, 5.0 exp. 1.52 previous 14:15 US October Industrial Production, 0.1% exp. 0.6% previous 14:15 US October Capacity Utilisation, 78.2% exp. 78.3% previous 15:00 US September Wholesale Inventories, 0.4% exp. 0.5% previous Economic Events 08:00 EU Finance Ministers meet in Brussels US 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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