Day Ahead, November 18th

Monday, November 18, 2013, Marketing Communication Opening Call The FTSE is called to start the week around unchanged UK Corporate Announcements Mitie Group announces an H1 pre-tax profit of £62.3m from £55m on revenues of £1.04bn and states that it is in a good position to deliver higher growth Aveva Group announces that it remains confident that it will deliver on its full year forecasts as it reports an H1 pre-tax profit of £27.3m Petrofac states that it remains on track to post a modest net profit growth in 2013 Capita states that its year to date performance has been strong and that sales activity is buoyant as it also details its CEO is to retire March 2014 Diploma announces full year revenues of £285.5m up 10% and an adjusted pre-tax profit of £54.3m largely in line Majestic Wine details H1 revenues of £130m and a pre-tax profit of £9.5m up 4.2% and states it is well prepared for the Christmas trading period UK News FTSE 100 directors pay has gained by an average of 14% over the past year The FT highlights how the global retail head at Barclays has warned that further job cuts could be ahead, on top of the 1700 UK job branch job cuts it detailed last week Lloyds announces that it is selling its asset management business Scottish Widows to Aberdeen Asset Management for £660m The Telegraph writes on how a lack of a government end date on the Help to Buy program could cause a serious distortion in the housing market City AM itself is in the news as its co-founder Leonid Rozhetskin’s body has been identified as the body found in a remote Latvian wood last year, he had disappeared in March 2008 during a ‘bitter business dispute’ with parties seen close to president Putin, although doubts remain amongst some due to the long delays in the DNA testing UK Analyst Changes Daily Mail Raised To Buy Vs Hold At Liberum Debenhams Cut To Sell Vs Neutral At Goldman Drax Raised To Buy Vs Hold At Liberum Lancashire Raised To Add Vs Hold At Numis UK Insider Buying Conroy Gold And Natura, (CGNR), 1 insider(s) bought 276500 shares, £0.02 Geopark Ltd, (GPK), 3 insider(s) bought 2382 shares, £5.49 Highcroft Investments, (HCFT), 1 insider(s) bought 2250 shares, £6.94 Ipplus Plc, (IPP), 2 insider(s) bought 41415 shares, £0.27 Ladbrokes Plc, (LAD), 1 insider(s) bought 28000 shares, £1.76 Norcros Plc, (NXR), 2 insider(s) bought 250000 shares, £0.21 Reckitt Benckiser Grou, (RB/), 1 insider(s) bought 10000 shares, £47.8 Sig Plc, (SHI), 2 insider(s) bought 114 shares, £2.17 W.H. Ireland Group Plc, (WHI), 1 insider(s) bought 65000 shares, £0.7 UK Insider Selling Berendsen Plc, (BRSN), 1 insider(s) sold 30000 shares, £9.48 Boot (Henry) Plc, (BHY), 1 insider(s) sold 5000 shares, £2.02 Euromoney Instl Investo, (ERM), 1 insider(s) sold 22485 shares, £11.19 Sabmiller Plc, (SAB), 4 insider(s) sold 8222 shares, £31.84 FTSE 100 Movers UK IPO's Issuer Name Pricing Date 11/19/2013 Applied Graphene Materials PLC 11/21/2013 Oxford Immunotec Global PLC 11/25/2013 GameAccount Network plc 11/30/2013 Mincon Group Plc Major European Companies Reporting Aveva Group PLC, S1, 0.356,  Mitie Group PLC, S1, 0,  Sonova Holding AG, S1, 2.36,  Subsea 7 SA, Q3, 0.346 European Market Summary The chair of the European Banking Authority has stated that Europe’s ability to effectively manage any future crisis is being undermined by ‘nationalist’ tendencies Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting Jacobs Engineering Group Inc, Q4, 0.871,  Salesforce.com Inc, Q3, 0.087,  Tyson Foods Inc, Q4, 0.697,  Urban Outfitters Inc, Q3, 0.448 US Market News The S&P 500 and Dow closed at fresh records on Friday The CME confirms that in July it had a cyber intrusion and that some customer information was compromised Timothy Geithner is joining private equity group Warburg Pincus as president and managing director The WSJ writes on how the US diplomatic moves in Iran have strained the alliance with Israel ‘in ways not seen in decades’ JP Morgan announced late on Friday that it has reached a $4.5bn pact with institutional investors over its mis-selling of securities Barron’s highlights analysts that see a possible fall of 20% for American Railcar, Trinity Industries and Greenbrier as optimistic demand estimates could create excess capacity The paper also highlights others that see gains of 20% or more in the year ahead of Blount International, Carlyle Group, Discovery Communications and NRG Energy Today's Bloomberg Social Velocity Alerts, (BSV) Gladstone Investment Corp (GAIN) Overnight Market News Sony has sold 1m of its PlayStation 4 consoles in the US in the first 24 hours of sales, as it releases its next generation product just ahead of the Xbox One released by Microsoft later this week Gulf Airlines have paid out over $150bn in new orders at the Dubai Airshow Bitcoin continues the latest surge and now has traded up through $580 as demand continues to grow in China, in early October it was trading at $115 Economic Data Due 00:01 UK November Rightmove, 2.8% previous 10:00 Eurozone September Trade Balance, €12.3bn previous Economic Events 17:15 Fed's Dudley speaks in New York UK Rightmove 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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