Day Ahead, November 20th

Wednesday, November 20, 2013, Marketing Communication Opening Call On a relatively slow news day the FTSE is seen opening around unchanged UK Corporate Announcements UK Mail Group reports an H1 pre-tax profit of £11.9m and a basic EPS of 17p against forecasts of 16p seen, on revenues of £243m up 8% and stays confident on the full year Avon Rubber announces full year revenues of £124.9m and a basic EPS of 35.4p just ahead of the consensus of 33p seen Hyder Consulting details H1 revenues of £150m and a pre-tax profit of £7.7m UK News The FCA is reportedly taking preliminary investigations into the London gold fixing mechanism, set twice daily by five banks The British Bankers Association has lobbied the government to allow savers to be able to put their full Isa allowance in cash accounts Telecom Plus announces that it is to buy Electricity Plus for £218m from Npower and states it sees the purchase as being materially earnings enhancing FTSE 100 Dividends: Carnival PLC, CCL, ($0.25),  J Sainsbury PLC, SBRY, (5),  Next PLC, NXT, (36),  Tate & Lyle PLC, TATE, (7.80),  Vodafone Group PLC, VOD, (3.53) FTSE 100 Estimated Dividend Impact: 7.4 Points FTSE 250 Dividends: Edinburgh Dragon Trust PLC/Fund, EFM, (2.20),  Edinburgh Investment Trust PLC/The, EDIN, (5),  Euromoney Institutional Investor PLC, ERM, (15.75),  Genus PLC, GNS, (11.10),  HICL Infrastructure Co Ltd/Fund, HICL, (3.50),  Synergy Health PLC, SYR, (8.57),  TalkTalk Telecom Group PLC, TALK, (4),  Witan Investment Trust PLC, WTAN, (3.30) FTSE Small Share: Hill & Smith Holdings PLC, HILS, (6),  Keystone Investment Trust PLC, KIT, (32),  Keystone Investment Trust PLC, KIT, (7),  MJ Gleeson Group PLC, GLE, (2),  Scottish American Investment Co PLC/fund, SCAM, (2.55),  Securities Trust of Scotland PLC, STS, (1.15) UK Analyst Changes Barratt Developments Rated New Overweight At Barclays Bellway Rated New Underweight At Barclays; Pt 1498.1P Intertek Cut To Underperform Vs Sector Perform At Rbc U.K. Pound Little Changed Vs Dollar, Weakens Versus Euro Wh Smith Raised To Overweight Vs Underweight At Jpmorgan UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers UK IPO's Issuer Name Pricing Date 11/20/2013 Bonmarche Holdings Plc 11/21/2013 Oxford Immunotec Global PLC 11/25/2013 GameAccount Network plc 11/30/2013 Mincon Group Plc 12/02/2013 SyQic plc Major European Companies Reporting OPAP SA, Q3, 0.069,  Zodiac Aerospace, R, 6.417 European Market Summary Telecom Italia states that it aims to move out of junk status by 2016 Global Market Footprint Major US Stock Movers After Hours La-Z-Boy gained 6% after hours when it reported a Q2 adjusted EPS of 31c ahead of forecasts of 26c seen China Digital gained 9% as it announces Q3 net revenues of $23m S&P 500 Companies Reporting ADT Corp/The, Q4, 0.46,  Deere & Co, Q4, 1.903,  JC Penney Co Inc, Q3, -1.703,  JM Smucker Co/The, Q2, 1.602,  L Brands Inc, Q3, 0.277,  Lowe's Cos Inc, Q3, 0.478,  Staples Inc, Q3, 0.419 US Market News Bernanke states that the US labor market has shown meaningful improvement and that US interest rates will probably stay low long after Fed purchases end JP Morgan details that it is paying a record $13bn to settle US Justice Department claims that it mis-sold mortgage related products, while lawyers argue that the proposed $8.5bn settlement from Bank of America for similar violations is not enough Microsoft’s board met yesterday to discuss some of the candidates to replace outgoing CEO Steve Ballmer The WSJ writes that three exchange companies are seen interested in making a move for Euronext, being spun off by Intercontinental Exchange Yahoo announces that it is increasing its share buyback by $5bn Johnson & Johnson announces that it has agreed to pay $2.5bn to settle a large number of lawsuits alleging injury from its hip replacements Mayor Mike Bloomberg has signed a local law that lifts the minimum age to purchase  tobacco products in the city to 21 Today's Bloomberg Social Velocity Alerts, (BSV) Best Buy Co Inc (BBY) Comcast Corp (CMCSA) Devon Energy Corp (DVN) Home Depot Inc/The (HD) Intel Corp (INTC) LSI Corp (LSI) Tyson Foods Inc (TSN) UQM Technologies Inc (UQM) Overnight Market News Iran’s national gas company states that it is close to financial collapse, as international sanctions continue to pressure the economic activity in the country Bloomberg details how Robin Li the founder of Baidu, the leading search engine in China, has become the country’s second richest man with $11.9bn, buoyed by Baidu’s gains of 63% so far this year Economic Data Due 13:30 US October Retail Sales Advance, 0.1% exp. -0.1% previous 13:30 US October CPI m/m, 0.0% exp. 0.2% previous 15:00 US October Existing Home Sales, 5.16m exp. 5.29m previous 19:00 US Fed Releases Minutes Economic Events MPC minutes Bernanke Speaks in Washington to Economists Club US Retail Sales 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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