Market news round up, upgrades & downgrades courtesy of Cantor Index

By
4 mins. to read

13 Feb 2013

Cantor Opening Call

  • The FTSE is seen opening at around 6315, AZN, BP and RDSA all going ex div today taking around 17.5 points off the index
 

 

Cantor Capital Graphs
 
 

UK Corporate Announcements

  • Tullow Oil announces 2012 sales gained 2% to $2.3bn with a pre-tax profit of $1.1bn up 4%
  • Reckitt Benkiser details Q4 comp sales ex pharma gained 6%, well ahead of the forecasts, with full year adjusted net income of £1.94bn and states that the markets remain challenging
  • Pan African Resources announces H1 revenues gained 8.15% and looks to double gold production next year
  • African Barrick Gold details full year sales of $1.08bn and net earnings of 14.5c/share
  • Telecity reports full year revenues of £283m up 18% and a full year adjusted EBITDA of £129m up 22%
  • Speedy Hire reiterates its confidence in meeting its full year targets
 

UK Market News

  • The UK Food agency continues its investigations, after the recent scandal was discovered by the press, as the agency raids two more meat processing plants
  • The UK press talks about possible merger talk around the likes of Man Group, ITV, Sage and Marks & Spencer
  • The UK Public Accounts Committee is to scrutinise the tax affairs of IT companies that supply the public sector
  • FTSE 100 Dividends: AstraZeneca PLC, AZN, ($1.90),  BP PLC, BP/, ($0.09),  Royal Dutch Shell PLC, RDSA, ($0.43), Sage Group PLC/The, SGE, (6.67)
  • FTSE 100 Dividend Impact: 17.5 points expected
  • FTSE 250 Dividends: F&C Commercial Property Trust Ltd, FCPT, (0.50),  UK Commercial Property Trust Ltd/fund, UKCM, (1.3125),  Utilico Emerging Markets Ltd, UEM, (1.525)
  • FTSE Small Share: Avon Rubber PLC, AVON, (2.40),  Medicx Fund Ltd, MXF, (1.425),  Photo-Me International PLC, PHTM, (3),  Picton Property Income Ltd, PCTN, (.75)
 

UK Analyst Changes

  • Dunelm Cut To Neutral Vs Buy At Ubs
  • Imi Cut To Sell Vs Neutral At Ubs
  • Petrofac Raised To Buy Vs Neutral At Ubs
  • Thomas Cook Cut To Underperform Vs Neutral At Exane
  • Virgin Media Cut To Equalweight Vs Overweight At Evercore
 

UK Insider Buying

  • Avanti Communications G, (AVN), 1 insider(s) bought 10000 shares, £2.77
  • 3I Group Plc, (III), 1 insider(s) bought 3921 shares, £2.86
  • Lpa Group Plc, (LPA), 1 insider(s) bought 10000 shares, £0.68
  • Terrace Hill Group Plc, (THG), 1 insider(s) bought 130 shares, £0.19
 

FTSE 100 Movers

FTSE 100 Movers Graphic
 
 

Major European Companies Reporting

  • Corio NV, R, 2.778,  Edenred, R, 0.927,  Heineken Holding NV, R, 2.84,  Heineken NV, R, 2.821,  Husqvarna AB, R, 2.256,  ING Groep NV, R, 0.928,  Modern Times Group AB, R, 22.821,  Peugeot SA, R, -4.904,  Reckitt Benckiser Group PLC, R, 2.474,  Saipem SpA, R, 2.079,  Sampo, R, 2.31,  Schibsted ASA, R, 8.882,  Societe BIC SA, R, 5.735,  Societe Generale SA, R, 2.793,  Storebrand ASA, R, 3.848,  Telecity Group PLC, R, 0.307,  Telenor ASA, R, 6.329,  Total SA, R, 5.421,  Trelleborg AB, R, 6.899,  Tullow Oil PLC, R, 0.756
 

European Market Summary

  • Heineken announces full year EBIT ex items of €2.9bn just ahead of the forecasts
  • Slovenia’s credit rating has been cut to A- from A by S&P
  • Ryanair states that the EC has not given it a ‘fair hearing’ after officials have signalled that they would block a move to takeover Aer Lingus
  • Italian police have arrested the head of Finmeccanica under allegations he bribed Indian officials to win contracts
  • Italy sells up to €5bn in bonds at 11:00, while Germany sells €5bn in notes at 11:30
 

Major US Stock Movers After Hours

  • Trulia gained 15% after hours as it announces strong Q4 and full year numbers and after a record revenue in Q4
  • Netgear came off 5% as it Q1 revenues of around $300m under the forecasts of $315m seen
 

S&P 500 Companies Reporting

  • Applied Materials Inc, Q1, 0.031,  CenturyLink Inc, Q4, 0.673,  Cisco Systems Inc, Q2, 0.479,  Comcast Corp, Q4, 0.535,  Dean Foods Co, Q4, 0.288,  Deere & Co, Q1, 1.397,  Dr Pepper Snapple Group Inc, Q4, 0.848,  Duke Energy Corp, Q4, 0.642,  EOG Resources Inc, Q4, 1.353,  Hospira Inc, Q4, 0.544,  Lorillard Inc, Q4, 0.76,  MetLife Inc, Q4, 1.183,  Mondelez International Inc, Q4, 0.374,  NetApp Inc, Q3, 0.563,  NVIDIA Corp, Q4, 0.296,  Pioneer Natural Resources Co, Q4, 0.877,  TripAdvisor Inc, Q4, 0.266,  Whole Foods Market Inc, Q1, 0.766
 

US Market News

  • President Obama has asked for the minimum wage to be increased to $9/hour as a measure to stimulate the economy
  • Comcast announces that it agrees to buy GE’s remaining 49% NBC Universal stake for $16.7bn in cash and GE details that it has increased its share buyback program buy $10bn, and Comcast gained 7% after hours on the news, and GE gained 3%
  • Apple reportedly has a team of 100 working on a watch based device, and Tim Cook states that he was ‘seriously considering’ returning some of its $137bn cash pile to shareholders
  • Goldman’s chief responds to some recent talk and states that he has no plans to leave
  • Dell’s third largest shareholder, T Row Price Group, has publicly put pressure on Michael Dell to sweeten the $24.4bn LBO
  • Nasdaq states that it is planning to start daily premarket trading at 4am from the current 7am start
  • Two major US copper consumers have attempted to block moves by JP Morgan to create a physical copper ETF on concerns it could ‘lead to an investor financed squeeze of the market’
 

Overnight Market News

  • Australian equities have closed at their highest level since 2010
  • The yen rallied yesterday after an ‘unidentified’ G7 official stated that the currency would be discussed at a G20 meeting
  • US regulators have now cleared the CNOOC takeover of Canada’s Nexen
 

Economic Data Due

  • 10:00 Eurozone December Industrial Production, -0.2% exp. -0.3% previous
  • 13:30 US January Advance Retail Sales, 0.1% exp. 0.5% previous
  • 23:50 Japan Q4 GDP, 0.1% exp. -0.9% previous
 

Economic Events

  • 10:30 UK Bank of England Quarterly Inflation Report
 

US Advance Retail Sales

Comments (0)

Comments are closed.

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.