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Day Ahead, November 22

Friday, 22 November 2013


Friday, November 22, 2013, Marketing Communication
Opening Call
  • The FTSE is called to open down around 20-25 points this morning
Cantor Capital Markets Image
UK Corporate Announcements
  • Fuller Smith & Turner announces an H1 revenue of £146.3m up 6% and an H1 adjusted pre-tax profit of £18.1m and states that H2 has started well
UK News
  • The UK press highlights how UK stamp duty revenues have moved back to levels not seen since before the financial crisis as the housing market continues to recover
  • Goldman suggest that the FTSE 100 could gain to 7,500 over the next 12 months
  • Ofgem announces that it challenges electricity companies to cut consumer costs and that price regulation will see distribution costs cut by 11.6%
  • The management at Game Group are considering a possible £200m return to the stock market with an IPO, just 18 months after it was bought out of administration
  • While the Daily Telegraph suggests that Polypipe was looking at a possible £400m IPO in spring 2014
  • The UK sells £2bn in Bills at 11:10
UK Analyst Changes
  • Morrison Reinstated Buy At Bofaml, Pt 325P
UK Insider Buying
  • Aimshell Acquisitions P, (ASAP), 1 insider(s) bought 244870 shares, £0.33
  • Bowleven Plc, (BLVN), 1 insider(s) bought 20000 shares, £0.43
  • Imi Plc, (IMI), 1 insider(s) bought 3000 shares, £14.97
UK Insider Selling
  • Personal Group Holding, (PGH), 1 insider(s) sold 4500 shares, £4.42
FTSE 100 Movers
UK IPO's
  • Issuer Name Pricing Date
  • 11/28/2013 Eclectic Bar Group Plc
  • 12/02/2013 SyQic plc
Major European Companies Reporting
  • None Detailed
European Market Summary
  • BMW details that it has orders for around 10,000 of its i3 electric cars
  • Telecom Italia states that it is welcome to mergers, acquisitions and deals to share networks in Mexico, after recent talk of possible deals with Telefonica
Global Market Footprint
Major US Stock Movers After Hours
  • Marvell Technologies gained 5% after hours as it announced Q3 results and gave a forecast for Q4 just ahead of consensus and declines to comment on talk it is being taken private
  • Gap fell 1.8% as it confirmed its full year forecasts but did signal that holiday period sales may disappoint
S&P 500 Companies Reporting
  • PetSmart Inc, Q3, 0.858
US Market News
  • The Dow posted its first close ever above 16,000
  • The US government states that it will sell its remaining shares in General Motors this year in a gradual basis in the open market, it has 31m shares remaining and has already sold 70m. The US taxpayer is seen losing around $10bn on the bailout overall
  • Morgan Stanley is reportedly in talks to sell its oil unit to Rosneft
  • The FCC confirms that it is considering plans to end the ‘outdated’ policy to ban the use of cell phones during flights
  • The CEO of Tesla Elon Musk has been named as Fortune’s businessperson of the year
  • Spotify is now valued at around $4bn after it raises $250m in a new round of funding
Today's Bloomberg Social Velocity Alerts, (BSV)
  • Bristol-Myers Squibb Co (BMY)
  • Gladstone Investment Corp (GAIN)
  • Home Depot Inc/The (HD)
  • IntelliPharmaCeutics Internati (IPCI)
  • JPMorgan Chase & Co (JPM)
  • Merck & Co Inc (MRK)
Overnight Market News
  • Dan Loeb confirms that he has taken a $1bn position in Japan’s Softbank, as he also continues to push for restructuring at Sony
  • Apple won the latest round of patent battles with rivals, with Samsung ordered to pay $290m from a jury in California
Economic Data Due
  • 07:00 German GDP q/q 0.3% exp. 0.3% previous
Economic Events
  • None Detailed
German GDP
Contact Us
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  • 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).
  • Major European Companies defined as those companies in the STOXX Europe 600 Index
  • FTSE 100 Movers, Blue >0.25%, Green <0.25% > -0.25%, Red < -0.25%, Font size dependent on percentage size of move
  • BSV is a Bloomberg Terminal filter searching for unusually high social media mentions on a stock
  • This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media
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Risk WarningFull Risk Warning

Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. Cantor Index provides an execution only service and does not offer investment advice. You should ensure you fully understand the risks and seek independent financial advice if necessary. These products are not intended for people under the age of 18 or for US residents.