Navigate

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

For more interesting research & professional Technical Analysis from Cantor Index click here to register for free.

Cantor Opening Call

  • The FTSE is seen opening around flat to just a touch higher
 

 

UK Corporate Announcements

  • Centrica announces a full year profit of £1.27bn with 2012 revenues up 5% to £23.9bn and details that Phil Bentley is to step down as MD of British Gas
  • Barratt Developments reports an H1 pre-tax profit of £46.1m from £21.6m on revenues of £951m from £952m and states that it has made a strong start to the year buoyed by increased mortgage lending
  • Segro announces a full year net loss of £197.3m from a loss of £30.4m, and plans up to £500m in disposals this year
  • Weir Group reports full year revenues of £2.58bn just under the estimates of £427m and forecasts low single digit revenue growth in 2013
  • Restaurant Group details a full year adjusted pre-tax profit of £64.6m with revenues up to £533m in line with the forecasts
  • ITV announces a full year adjusted pre-tax profit of £464m, on revenues of £2.2bn and states it has seen a positive start to 2013
  • Dewhurst warns that it sees full year profits significantly lower as customer demand in the UK started slowly for the new year
  • Carillion states that it remains well positioned to achieve its annual aims and that market conditions remain challenging in 2013
  • Petrofac details full year revenues of $6.3bn and an operating profit of $758m
  • Bodycote announces a pre-tax profit of £89.8m up 18.5% with revenues up 3% to £587m
 

UK Market News

  • Esure the UK care and home insurer announces today plans to list in the UK, valued at around £1bn
  • Bank of England’s Paul Fisher states that he favours a prolonged period of asset purchases at a slower pace, while The Telegraph writes how Paul Tucker suggest that the central bank is considering the idea of negative interest rates on banking reserves
  • Bloomberg suggests that Vodafone has now put on hold its possible moves for Kabel Deutschland after leaks of the move complicated discussions
  • Local surveys suggests that local food and farm shops have been buoyed by the recent supermarket horse meat scandals
  • Tesco has been charged to pay £6.5m due to its part in a dairy price fixing settlement
  • Shell has agreed to buy LNG assets from Repsol SA for $4.4bn in cash to expand in Latin America
  • The Guardian highlights how Barclays is expected to detail that more than 100 of its staff earn more than £1m/year with its annual report next week
  • FTSE 100 Dividends: Diageo, DGE, (18.1)
  • FTSE 250 Dividends: Beazley PLC, BEZ, (5.60),  Beazley PLC, BEZ, (8.40),  easyJet PLC, EZJ, (21.50),  HICL Infrastructure Co Ltd, HICL, (3.575),  Witan Investment Trust PLC, WTAN, (7.20)
  • FTSE Small Share: Carclo PLC, CAR, (.80),  F&C Capital & Income Investment Trust PLC/Fund, FCI, (2.15), Standard Life Equity Income Trust PLC, SLET, (3.20)
 

UK Analyst Changes

  • 888 Pt Raised To 175P Vs 140P At Morgan Stanley
  • Britvic Resumed At Citi With Buy, Pt 475P
  • Bt Pt Raised To 265P Vs 220P At Ubs
  • Bwin.Party Pt Raised To 200P Vs 160P At Morgan Stanley
  • Bwin.Party Raised To Neutral Vs Sell At Citi
  • Gkn Cut To Neutral Vs Overweight At Jpmorgan
  • Kerry Group A Pt Raised 2% To Eu45 At Exane; Kept At Outperform
  • Northern Petroleum Added To Conviction Buy List At Goldman
  • Robert Walters Raised To Hold Vs Sell At Berenberg
  • Serica Added To Conviction Buy List At Goldman
 

UK Insider Buying

  • Coms Plc, (COMS), 1 insider(s) bought 2331550 shares, £0.01
  • Jarvis Securities Plc, (JIM), 1 insider(s) bought 1170 shares, £2.14
  • Liontrust Asset Manag, (LIO), 1 insider(s) bought 16153 shares, £1.77
  • Trakm8 Holdings Plc, (TRAK), 1 insider(s) bought 23560 shares, £0.15
 

UK Insider Selling

  • Beazley Plc, (BEZ),  insider(s) sold 690560 shares, £2.14
  • Bunzl Plc, (BNZL), 1 insider(s) sold 90000 shares, £12.21
  • Domino’s Pizza Group P, (DOM), 1 insider(s) sold 425695 shares, £5.26
  • Genus Plc, (GNS), 1 insider(s) sold 21162 shares, £14.38
  • Gulf Keystone Petroleu, (GKP), 1 insider(s) sold 11000 shares, £1.92
  • Intercontinental Hotel, (IHG),  insider(s) sold 71850 shares, £19.2
  • Rathbone Brothers Plc, (RAT), 1 insider(s) sold 3091 shares, £14.14
  • Xp Power Ltd, (XPP), 1 insider(s) sold 120000 shares, £10.8
 

FTSE 100 Movers
 
 

Major European Companies Reporting

  • Aalberts Industries NV, R, 1.391,  BASF SE, R, 5.337,  CRH PLC, R, 0.733,  Croda International PLC, R, 1.267,  Elementis PLC, R, 0.232,  Fresenius Medical Care AG & Co KGaA, R, 2.778,  Fresenius SE & Co KGaA, R, 5.41,  Georg Fischer AG, R, 35.951,  GKN PLC, R, 0.241,  Jyske Bank A/S, R, 10.898,  Kerry Group PLC, R, 2.349,  Mediobanca SpA, S1, 0.14,  Provident Financial PLC, R, 1.01,  SEB SA, R, 4.297,  Teleperformance, R, 2.304,  Vivendi SA, R, 2.009,  William Demant Holding A/S, R, 21.118
 

European Market Summary

  • Moody’s has put Italy on negative credit watch citing the recent inconclusive election
  • While EU chiefs states that Italy has no alternative to austerity
  • Italy sells up to €6.5bn in bonds at 11:00
 

Major US Stock Movers After Hours

  • Guidewire was the leading gainer after hours, gaining over 12% as it announces it was lifting its full year revenue targets
  • Accretive Health fell over 17% as it announces that it is evaluating the timing of revenue recognition
 

S&P 500 Companies Reporting

  • American Tower Corp, Q4, 0.77,  AutoZone Inc, Q2, 4.75,  Ecolab Inc, Q4, 0.889,  Edison International, Q4, 1.038,  Expeditors International of Washington Inc, Q4, 0.43,  First Solar Inc, Q4, 1.757,  Home Depot Inc/The, Q4, 0.646,  Macy’s Inc, Q4, 1.986,  MetroPCS Communications Inc, Q4, 0.09,  priceline.com Inc, Q4, 6.533,  Range Resources Corp, Q4, 0.29,  Sempra Energy, Q4, 0.963,  Tenet Healthcare Corp, Q4, 0.708,  Vornado Realty Trust, Q4, 1.077
 

US Market News

  • The New Jersey Governor has now signed the Internet Gambling Bill
  • Reuters suggests that the founder takeover bid for Best Buy may yet fail on financing
  • VIX continues the recent gains, with CBOE detailing that it hit a single day volume record yesterday
  • JP Morgan is to cut 17,000 jobs over the next two years, and its chief states that regulators were pushing lenders to build up more capital than they can use
  • Goldman details that its electronic trading chief is leave the company
  • Cablevision is suing Viacom for what the practice of bundling channels which it stated forced it to carry 14 less watched ‘ancillary’ channels that its customers do not want
 

Overnight Market News

  • AIA the third largest Asia based insurer announced an 89% increase in net income, ahead of the forecasts, the group was a target of Prudential in 20-12 and is a former unit of AIG
  • China Asset Management that largest Chinese fund manager states that the local stocks are set to resume the rally as the government increasingly works to support the economic recovery
 

Economic Data Due

  • 09:30 UK Q4 GDP, -0.3% exp. -0.3% previous
  • 10:00 Eurozone Consumer Confidence, -23.6 exp. -23.6 previous
  • 13:30 US January Durable Goods, -4.7% exp. 4.6% previous
  • 15:00 US January Pending Home Sales 1.8% exp. -4.3% previous
  • 23:50 Japan Industrial Production m/m, 1.5% exp. 2.4% previous
 

UK GDP
Swen Lorenz: