Day Ahead, November 25th

Monday, November 25, 2013, Marketing Communication Opening Call The FTSE is called to open up around 20-25 points this morning UK Corporate Announcement Highlights Essar Energy announces 6M group revenues gained 5% to $13.4bn and an EBITDA of $543m from $582m and states it looks to further improve its margins Chemring states that its full year expectations are in line with guidance Quintain Estates announces an H1 adjusted net profit of £7.1m from the loss of £22.5m Cranswick reports a 6 month adjusted pre-tax profit of £23.2m and sees its full year in line UK Corporate Announcements Due Arm Holdings Plc, ARM, (SM), Astrazeneca Plc, AZN, (Pr), Chemring Group Plc, CHG, (R), Cranswick Plc, CWK, (R), Essar Energy Plc, ESSR, e, (CC), Essar Energy Plc, ESSR, (R), Pantheon Intl Particip-Ord, PIN, (SM), Quintain Estates & Dev Plc, QED, e, (CC), Quintain Estates & Dev Plc, QED, (R) UK News The latest survey suggests that real high street spending is expected to fall this year, inflation adjusted from 1.6% seen, while online sales are seen gaining 19% to £5bn Recent reports suggest that Transport for London is to close most of the London Underground ticket stations, and that it is already in talks with the likes of Amazon to rent out the space as possible parcel drop off points The Times writes on how tax advantages for buy to let landlords, but not owner occupiers, was giving the sector an unfair advantage The Telegraph writes that Poundland is readying for a share sale early in 2014 The CEO of Saga states that the company is likely to float in the next 12-24 months, with the AA expected to be sold separately UK Analyst Changes Schroders Removed As A Most Preferred Stock At Citi Smith & Nephew Raised To Outperform At Bernstein Smith & Nephew Raised To Outperform At Bernstein UK Insider Buying Aimshell Acquisitions P, (ASAP), 1 insider(s) bought 154630 shares, £0.32 Enteq Upstream Plc, (NTQ), 1 insider(s) bought 19248 shares, £0.52 Oxford Biomedica Plc, (OXB), 1 insider(s) bought 208000 shares, £0.02 Tissue Regenix Group Pl, (TRX), 1 insider(s) bought 148000 shares, £0.13 UK Insider Selling Diploma Plc, (DPLM), 3 insider(s) sold 198350 shares, £6.75 Essentra Plc, (ESNT), 1 insider(s) sold 3072 shares, £7.69 G4S Plc, (GFS), 1 insider(s) sold 100000 shares, £2.64 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 Seadrill Ltd, Q3, 0.657 European Market Summary Greece’s Central Bank governor states that its banks have enough bailout funds to cope with any additional capital needs from bad loans Global Market Footprint Major US Stock Movers After Hours S&P announces that Allegion is to replace JC Penney in the S&P 500 S&P 500 Companies Reporting None Detailed US Market News US press writes that Comcast and Charter Communications have considered a joint move for Time Warner Cable, looking to divide its assets between them Oil prices have come off after Iran agrees to some limits on its nuclear program in return for an easing of sanctions An FT survey details that holiday shoppers using Google can pay a premium of 34% to buy items that appear on the first page of searches The WSJ suggests that Lockheed Martin has moved closer to secure a 40 F35 joint strike fighter deal with South Korea Barron’s highlights analysts that suggest Qualcomm could gain 20% as mobile device chip demand stays high A consortium of major banks has reportedly agreed to a tentative deal to create a new electronic bond trading venue on Tradeweb, the company owned by Thomson Reuters and a consortium of banks Apple confirms press reports that it has acquired Prime Sense, the technology company best known for providing the motion detection software used in Microsoft’s Kinect Today's Bloomberg Social Velocity Alerts, (BSV) Qihoo 360 Technology Co Ltd (QIHU) Lions Gate Entertainment Corp (LGF) Overnight Market News China Petroleum & Chemical stays in the news after operations at its ‘super-large complex in Qingdao will be disrupted after a pipeline explosion that killed at least 55 people Tensions between Japan and China stay high as China states that it will protect the air zone over the disputed islands, risking the early signs of recovery in trade relations Economic Data Due 15:00 US October Pending Homes Sales, 2.0% exp. -5.6% previous Economic Events None Detailed US Pending Home 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). 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 Dividends:- net prices are given as default, however where applicable gross dividends are detailed (g) UK Corporate Announcements Key:- est, UK earnings estimates when available, (CC) Conference Call, (Pr) Press Event, News Conference, (R) Results, Interims/Finals, (SM) Shareholder Meeting,  (Oth) Other Event 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 Regulatory Disclaimer This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). 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