Day Ahead, November 7th

Thursday, November 7, 2013, Marketing Communication Opening Call The FTSE is seen starting the day around unchanged, ahead of the Bank of England rate announcement due midday UK Corporate Announcements Coca Cola HBC states that trading conditions remain difficult with Q3 volumes down 3% on net sales of €1.92bn and under forecasts of €1.99bn seen Rightmove remains confident on its full year forecasts and sees further progress in 2014 if there was no downturn in the market Cable & Wireless Communications announces H1 sales of $935m from $945m and an H1 EBITDA of $298 against forecasts of $288m and confirms its full year targets WM Morrison maintains its full year outlook, and remains on track to start online food deliveries from January, Q3 LFL sales, ex fuel, fell 2.4% just worse than the forecasts Tate & Lyle reports H1 adjusted pre-tax profit of £173m largely in line on sales of £1.74bn just ahead of the estimates and sees another year of profitable growth ahead Invensys announces H1 revenues of £862m and an operating profit of £57m from £53m Schroders states that it remains well positioned for long term growth and details assets under management of £256bn from £202bn and net revenues of £315m from £246m last year and at a record Reed Elsevier confirms its full year outlook as it details nine month underlying revenue growth gained 3% and states it will complete the remainder of the buybacks in 2013 Wincanton states that it is trading in line with the full year forecasts Halfords announces an H1 gross profit of £260.6m and a gross margin of 53.1% Supergroup reports total group sales gained 18.5% and that sales momentum continues and states that the results give confidence on market expectations Spirax Sarco states that organic sales gained 4% in the four months to end October and that trading has been in line UK News Shell is reportedly close to soon file a formal plan with the US to explore for oil off the northwest coast of Alaska Shire has declined to comment on a report in the FT that it is set to announce a restructuring program Poundland has hired JP Morgan and Credit Suisse to prepare its IPO plans, with the retailer seen having a valuation of around £750m UK think tank Policy Exchange states in a new report that the next government must commit to building 1.5m homes by 2020 to halt a mounting social and economic crisis UK Analyst Changes Easyjet Rated New Buy At Liberum, Pt 1,500P Laird Rated New Buy At Liberum, Pt 290P Provident Financial Raised To Buy Vs Hold At Berenberg Quintain Estates Raised To Overweight Vs Neutral At Jpmorgan Ryanair Rated New Buy At Liberum, Pt Eu6.40 UK Insider Buying French Connection Grou, (FCCN), 1 insider(s) bought 33000 shares, £0.37 Swallowfield Plc, (SWL), 3 insider(s) bought 120000 shares, £0.78 Telecity Group Plc, (TCY), 1 insider(s) bought 2000 shares, £7.12 UK Insider Selling Adept Telecom Plc, (ADT), 3 insider(s) sold 450000 shares, £1.3 Berendsen Plc, (BRSN), 1 insider(s) sold 18850 shares, £9.73 Camco Clean Energy Plc, (CCE), 1 insider(s) sold 2041933 shares, £0.07 Laird Plc, (LRD), 1 insider(s) sold 67009 shares, £1.25 Rps Group Plc, (RPS), 1 insider(s) sold 100000 shares, £2.89 Smiths News Plc, (NWS), 1 insider(s) sold 89786 shares, £2.09 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 11/19/2013 EU Supply PLC 11/13/2013 Everyman Media Group Plc 11/07/2013 Infinis Energy Plc 11/15/2013 Merlin Entertainments plc 11/08/2013 Mincon Group Plc 11/30/2013 Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Servelec Group Plc Universal Movers Corp Major European Companies Reporting Adidas AG, Q3, 1.756,  Aegon NV, Q3, 0.1,  Amadeus IT Holding SA, Q3, 0.346,  ArcelorMittal, Q3, -0.07,  Arkema SA, Q3, 1.677,  Assicurazioni Generali SpA, Q3, 0.3,  Azimut Holding SpA, Q3, 0.19,  Barry Callebaut AG, R, 42.653,  Cable & Wireless Communications PLC, S1, 0,  CGG SA, Q3, 0.282,  Coca-Cola HBC AG, Q3, 0.45,  Commerzbank AG, Q3, 0.036,  Continental AG, Q3, 2.46,  Corio NV, Q3, 0,  Credit Agricole SA, Q3, 0.28,  Delhaize Group SA, Q3, 1.048,  Deutsche Telekom AG, Q3, 0.202,  Enel SpA, Q3, 0,  Finmeccanica SpA, Q3, 0.068,  Freenet AG, Q3, 0.453,  HeidelbergCement AG, Q3, 1.68,  Hellenic Telecommunications Organization SA, Q3, 0.19,  Hufvudstaden AB, Q3, 0.973,  Invensys PLC, S1, 0,  Komercni Banka AS, Q3, 80.538,  Legrand SA, Q3, 0.505,  Muenchener Rueckversicherungs AG, Q3, 3.304,  OMV AG, Q3, 0.91,  Pargesa Holding SA, Q3, 0,  ProSiebenSat.1 Media AG, Q3, 0.53,  Randgold Resources Ltd, Q3, 0.653,  Repsol SA, Q3, 0.299,  Rhoen Klinikum AG, Q3, 0.225,  Securitas AB, Q3, 1.463,  Siemens AG, R, 5.433,  Skanska AB, Q3, 2.604,  Societe Generale SA, Q3, 0.71,  Swiss Re AG, Q3, 2.197,  Swisscom AG, Q3, 7.933,  Tate & Lyle PLC, S1, 0.305,  Telecom Italia SpA, Q3, 0.031,  Telefonica Deutschland Holding AG, Q3, 0.005,  Vallourec SA, Q3, 0.527 European Market Summary Commerzbank announces a Q3 net income of €77m, ahead of forecasts of around €32m seen Deutsche Telekom reports a Q3 adjusted EBITDA of €4.66 just ahead of the forecasts Global Market Footprint Major US Stock Movers After Hours Activision Blizzard fell 2% as it announces Q4 EPS and revenues under the forecasts Qualcomm dropped 4% as it announces a Q4 EPS of $1.05 against the estimates of $1.08 S&P 500 Companies Reporting AES Corp/VA, Q3, 0.342,  Ameren Corp, Q3, 1.233,  Apache Corp, Q3, 2.149,  Cablevision Systems Corp, Q3, 0.125,  CareFusion Corp, Q1, 0.393,  International Game Technology, Q4, 0.339,  Monster Beverage Corp, Q3, 0.569,  NVIDIA Corp, Q3, 0.249,  priceline.com Inc, Q3, 16.236,  Rockwell Automation Inc, Q4, 1.519,  Scripps Networks Interactive Inc, Q3, 0.836,  Walt Disney Co/The, Q4, 0.756,  Windstream Holdings Inc, Q3, 0.091,  WPX Energy Inc, Q3, -0.212 US Market News Twitter prices its IPO at $26, ahead of the already increased indicative range on strong institutional and retail demand, raising $1.8bn, valuing the 6 year old group at $14.2bn, trading is due to start today Jamie Dimon has felt the need to warn employees at JP Morgan to be vigilant on the type of language used in electronic communications as regulators increase monitoring of all forms of communications, reportedly stating ‘don’t exaggerate, don’t ruminate, don’t bullshit’ Bitcoin moved back to a fresh all time high yesterday at $265, above the spikes posted earlier in the year, and continues to lobby for greater acceptance The Dow closed at a fresh all time high yesterday as two papers from the Fed suggest that loose monetary policy is still required to support growth Google announces that it is to appeal a French court’s ruling that it must remove from its search results nine images of Max Mosley The US Treasury is to auction its first ever two year floating notes in 2014, the first new security launched since 1997 Today's Bloomberg Social Velocity Alerts, (BSV) Activision Blizzard Inc (ATVI) AOL Inc (AOL) Citigroup Inc (C) Costco Wholesale Corp (COST) Penn West Petroleum Ltd (PWE) QUALCOMM Inc (QCOM) Whole Foods Market Inc (WFM) Overnight Market News Australian employers cut full time workers in October by 27,900, the largest move for over a year Economic Data Due 12:00 UK MPC Rate Announcement, 0.5% exp. 0.5% previous 12:45 ECB Rate Announcement, 0.5% exp. 0.5% previous 13:30 US Weekly Initial Jobless Claims 13:30 US Q3 GDP, 1.9% exp. 2.5% previous Economic Events 13:30 EU Draghi Press Conference UK Manufacturing 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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