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

18 Feb 2013

Cantor Opening Call
  • The FTSE is seen around unchanged today
 
UK Corporate Announcements
  • BATM announces a full year EBITDA of $3.1m from $3.5m and a net income of $0.7m from $3.7m and sees revenue growth in 2013 significantly higher than 2012
 
UK Market News
  • Reports suggest that Vodafone may make a move for Kabel Deutschland as early as next week
  • The FT suggests that Man Group is announce a management reshuffle when the new CEO moves in at the end of this month
  • Capital Shopping Centre’s name change to INTU Properties comes effective today
  • The FT writes that the UK is outgunned as talks on EU bank reforms enter a ‘potentially decisive week’
  • Rightmove has UK house asking prices up to a 5 year high
  • WH Ireland announces it has agreed to buy the private wealth management unit from Tenebris, formerly Seymour Pierce, for £25,000
 
UK Analyst Changes
  • Ab Foods Pt Raised To 2,000P Vs 1,705P At Ubs, Reiterates Buy
 
UK Insider Buying
  • E-Therapeutics Plc, (ETX), 1 insider(s) bought 15000 shares, £0.32
  • Havelock Europa Plc, (HVE), 1 insider(s) bought 115000 shares, £0.16
  • Impax Asset Managemen, (IPX), 1 insider(s) bought 100000 shares, £0.42
  • Legendary Investments, (LEG), 1 insider(s) bought 10000000 shares, £0
  • Lo-Q Plc, (LOQ), 1 insider(s) bought 40000 shares, £4.35
  • Water Hall Group Plc, (WTH), 2 insider(s) bought 11000000 shares, £0.02
 
UK Insider Selling
  • Burberry Group Plc, (BRBY),  insider(s) sold 61171 shares, £13.61
  • Charles Stanley Group, (CAY),  insider(s) sold 9420 shares, £3.51
  • Imperial Tobacco Group, (IMT), 6 insider(s) sold 48087 shares, £23.09
  • Rurelec Plc, (RUR), 1 insider(s) sold 100000 shares, £0.1
 
FTSE 100 Movers
Major European Companies Reporting
  • Carlsberg A/S, R, 35.82,  TNT Express NV, R, 0.195
 
European Market Summary
  • Heinz is in the news on reports that the SEC has sued traders over some suspicious trading in the stock
  • Telefonica details that the value of its assets in Venezuela dropped by €1bn due to the recent currency devaluation, and that its full year results were impacted by a €438m FX charge
  • France sells up to €7.5bn in bills at 14:50
 
Major US Stock Movers After Hours
  • There were no major movers after hours on Friday
 
S&P 500 Companies Reporting
  • Express Scripts Holding Co, Q4, 1.044
 
US Market News
  • The G 20 members have states that they will not target FX for competitive purposes and would not target exchange rates to aid economies
  • Readers Digest files for bankruptcy and states that it expects to emerge from the protection in less than 6 months
  • Facebook states that its systems were targeted by a sophisticated attack
  • Best Buy is to make its price matching policy permanent as it looks to end the practice of ‘showrooming’ where potential customers use the store to view and demo items, but then leave to find the cheapest price online
  • Barron’s flags up analysts that see Rochester Medical could gain as much as 50% in 18 months, and suggests that Samsung could out-perform Apple
  • The paper also suggest that Linn Energy  could be vulnerable to losses ahead after an analysts questions its accounting methods on available cash flow
 
Overnight Market News
  • S&P has confirmed its AA- rating on Japan and keeps its outlook negative
  • Asian markets gained as the yen fell after the G20 comments on FX
  • Thailand details that its quarterly GDP gained 18.9% well ahead of the 15.3% expected, and its fastest rate since 1993
  • Singapore reportedly is looking at dropping the Sibor and may instead use the US dollar Libor rate
  • Bloomberg suggests that George Soros has made $1bn on the yen on its moves from November 2012
 
Economic Data Due
  • 00:01 February Rightmove House Prices, 0.2% previous
  • 09:00 Eurozone Current Account December €19.8bn previous
 
Economic Events
  • EU Foreign Ministers Meet In Brussels
 
Eurozone Current Account
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