Day Ahead, November 4th

Monday, November 4, 2013, Marketing Communication Opening Call The FTSE is seen starting the day up around 30 points UK Corporate Announcements Telecity states that its financial position remains strong and that its earnings outlook remains in line with expectations Weir Group states that Q3 revenues and profits were slightly below targets and sees its full year profit around £425-435m Hiscox announces grow written premiums gained 10% to £1,370m benefitting from low catastrophes and additional losses Ryanair announces H1 sales of €3.26bn from €3.11bn and a pre-tax profit of €602m from €596m and plans an additional buyback of at least €150m, but trims its full year profit outlook to €500-520m citing continued weak pricing E2V Technologies states that it still remains cautious on the broader economic conditions, as it reports H1 adjusted pre-tax profit of £11.4m from £13.1m broadly in line UK News The CBI lifts its UK growth forecasts as the recovery seems to be building some momentum, it sees 1.4% growth this year, and 2.4% in 2014, from 1.2% and 2.3% Centrica is threatening to pull out of a an offshore wind farm plan on concerns that the government subsidies are not high enough RBS is reportedly in talks with the government to cancel its B shares Merlin Entertainment is seen closing the books for its IPO ahead of schedule to to strong demand Infinis Energy is expected to start conditional dealings in 15th November, and sets its indicative range at 260-310p giving a market cap of £780-930m UK Analyst Changes Astrazeneca Cut To Neutral Vs Buy At Ubs Bp Raised To Equalweight Vs Underweight At Morgan Stanley Dcc Raised To Overweight Vs Neutral At Jpmorgan G4S Removed From Ubs’S Least Preferred List Smith & Nephew Removed From Ubs’S Most Preferred List UK Insider Buying Arden Partners Plc, (ARDN), 1 insider(s) bought 25000 shares, £0.49 Barclays Plc, (BARC), 1 insider(s) bought 10000 shares, £2.68 Berkeley Group Holdin, (BKG), 1 insider(s) bought 1200 shares, £24.67 Inchcape Plc, (INCH), 5 insider(s) bought 1605 shares, £6.43 Ipplus Plc, (IPP), 1 insider(s) bought 35430 shares, £0.28 Ixico Plc, (IXI), 2 insider(s) bought 13729 shares, £0.52 Puricore Plc, (PURI), 1 insider(s) bought 1000000 shares, £0.45 Renewable Energy Gene, (WIND), 1 insider(s) bought 50000 shares, £0.79 Spirit Pub Co Plc, (SPRT), 3 insider(s) bought 66036 shares, £0.74 Symphony Internationa, (SIHL), 1 insider(s) bought 500000 shares, £0.48 Travis Perkins Plc, (TPK), 5 insider(s) bought 1231 shares, £18.58 UK Insider Selling Croda International Plc, (CRDA), 1 insider(s) sold 300 shares, £24.23 Informa Plc, (INF), 1 insider(s) sold 4000 shares, £5.59 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 12/31/2014 EU Supply PLC 11/30/2013 Everyman Media Group Plc 11/07/2013 Infinis Energy Ltd 11/30/2013 Merlin Entertainments plc 11/12/2013 Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Servelec Group Plc Universal Movers Corp Major European Companies Reporting Banco Comercial Portugues SA, Q3, -0.013,  Dufry AG, Q3, 1.638,  Fuchs Petrolub SE, Q3, 0.822,  HSBC Holdings PLC, Q3, 0.21,  Ryanair Holdings PLC, S1, 0.42 European Market Summary The fallout from the US spying in Europe continues to threaten the EU US relations with reports that Germany is to seek data protection rules as part of any new EU US trade deal Global Market Footprint Major US Stock Movers After Hours Sanmina gained 3% after hours as S&P details it is to be included in its S&P SmallCap 600 S&P 500 Companies Reporting Anadarko Petroleum Corp, Q3, 1.151,  CF Industries Holdings Inc, Q3, 3.916,  CME Group Inc/IL, Q3, 0.73,  Dun & Bradstreet Corp/The, Q3, 1.875,  Kellogg Co, Q3, 0.894,  Marathon Oil Corp, Q3, 0.764,  Pioneer Natural Resources Co, Q3, 1.347,  Spectra Energy Corp, Q3, 0.333,  Sysco Corp, Q1, 0.473,  Tenet Healthcare Corp, Q3, 0.449,  Unum Group, Q3, 0.815,  Vornado Realty Trust, Q3, 1.095,  Vulcan Materials Co, Q3, 0.263 US Market News SAC Capital could as early as today announce that it is settling with authorities and paying over $1bn in fines The Twitter IPO is seen boosting smaller web based technology companies as reports suggest that following the listing Twitter is set to make a ‘substantial investment’ to expand its developments, the IPO is due this week Barron’s suggests that Coca-Cola looks interesting at 8% under its 2013 high with a 2.8% yield, the paper also highlights analysts that see upside in Discover Financial and Covanta US junk rate bond are on pace to exceed pre 2007 levels and could even top $1tn this year raising concerns that investors are lowering their standards Today's Bloomberg Social Velocity Alerts, (BSV) iShares 20+ Year Treasury Bond (TLT) Arena Pharmaceuticals Inc (ARNA) Overnight Market News Blackstone announces it is taking a 40% stake in Chinese shopping mall developer SCP Co, Blackstone is also in the news as it offers investors this week the opportunity to invest in the cash flow generated from the 3,000 foreclosed homes it has acquired across the US Australia’s Nine Entertainment is seeking an IPO which would be the country’s largest for three years, giving the second largest media company a market cap of around $2.2bn Economic Data Due 09:00 Eurozone October PMI Manufacturing, 51.3 exp. 51.3 previous 09:30 UK October Construction PMI, 58.6 exp. 58.9 previous 15:00 US September Factory Orders, 1.8% exp. Economic Events None Detailed US Manufacturing Orders 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 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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