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

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

By
4 mins. to read
4 Mar 2013

Cantor Opening Call

  • The FTSE is seen starting the week down around 30 points lower

 
Cantor Capital Graphs

UK Corporate Announcements

  • Debenhams states that H1 pre-tax profit of seen at around £120m and states that the hit of snow outcome for H1 is disappointing
  • BPI announces a full year pre-tax profit of £19.4m from £19.2m and states that the results was ahead of the expectations and that the prospects for 2013 are looking good
  • Intertek reports a full year operating profit of £335.1m from £281m on full year revenues of £2.05bn
  • Ultra Electronics announces a full year underlying pre-tax profit of £115.6m with revenues up 4% to £760m
  • Amlin details a full year pre-tax profit of £264m on return of equity of 17.4% from 8.6%
 

UK Market News

  • Arsenal responds to market talk and states that it is not for sale
  • The FT suggests that CVC Capital Partners is looking at a possible move for McCarthy & Stone the UK’s largest retirement home builder
  • The Sunday Times suggests that The UK’s largest coalmine Daw Mill could close as early as next week
  • Hometrack has UK house prices up for the first time in nine months, up 0.1%
  • TalkTalk announces that its CFO is to step down end of September
  • Deloitte writes that UK companies are looking for opportunities to invest in India, especially in infrastructure
 

UK Analyst Changes

  • Anglo American Cut To Reduce Vs Neutral At Nomura
  • Avocet Raised To Buy At Liberum
  • Bunzl Raised To Neutral Vs Sell At Ubs
  • Capita Pt Raised To 955P Vs 870P At Berenberg; Kept At Buy
  • Gkn Raised To Neutral Vs Sell At Goldman
  • Home Retail Cut To Neutral Vs Buy At Ubs
  • Old Mutual Cut To Neutral Vs Buy At Ubs
  • Taylor Wimpey Cut To Sell Vs Neutral At Citi
  • Ubm Pt Raised To 835P Vs 670P At Berenberg; Kept At Buy
  • William Hill Pt Raised To 460P Vs 410P At Morgan Stanley
 

UK Insider Buying

  • Dialight Plc, (DIA), 2 insider(s) bought 3000 shares, £12.52
  • Guinness Peat Group P, (GPG), 1 insider(s) bought 150000 shares, £0.33
  • Natasa Mining Ltd, (NSN), 1 insider(s) bought 50000 shares, £0.84
  • Pan African Resources, (PAF), 4 insider(s) bought 283000 shares, £0.16
  • Panmure Gordon & Co P, (PMR), 1 insider(s) bought 125000 shares, £0.18
  • Rio Tinto Plc, (RIO), 2 insider(s) bought 772 shares, £35.47
  • Shaftesbury Plc, (SHB), 1 insider(s) bought 8000 shares, £5.86
  • Top Level Domain Holdi, (TLDH), 1 insider(s) bought 1000700 shares, £0.09
  • Wessex Exploration Plc, (WSX), 1 insider(s) bought 200000 shares, £0.04
  • Whitbread Plc, (WTB), 1 insider(s) bought 600 shares, £25.44
 

UK Insider Selling

  • Capita Plc, (CPI),  insider(s) sold 15940 shares, £8.51
  • Domino&Apos;S Pizza Group P, (DOM), 2 insider(s) sold 7465462 shares, £5.22
  • Gooch & Housego Plc, (GHH), 3 insider(s) sold 22398 shares, £4.38
  • Gulf Keystone Petroleu, (GKP),  insider(s) sold 1268219 shares, £1.89
  • Hays Plc, (HAS), 1 insider(s) sold 27407 shares, £0.98
  • Senior Plc, (SNR), 1 insider(s) sold 7500 shares, £2.43
 

FTSE 100 Movers
FTSE 100 Movers Graphic

Major European Companies Reporting

  • Amlin PLC, R, 0.464,  Bank of Ireland, R, -0.047,  Exor SpA, R, 2.875,  HSBC Holdings PLC, R, 0.883,  Intertek Group PLC, R, 1.283,  Kuehne + Nagel International AG, R, 4.395,  Ultra Electronics Holdings PLC, R, 1.217
 

European Market Summary

  • European Finance Ministers meet again today in Brussels with the focus this session more on the outlook for Italy and the details on the restructuring of Cyprus
  • UBS is reportedly set to close its mergers investment banking unit in Toronto
  • Swiss voters have now backed plans for additional curbs on banker pay, forcing companies to give binding votes on remuneration
  • Moody’s has revised its outlook on Credit Agricole to stable


S&P 500 Companies Reporting

  • Autodesk Inc, Q4, 0.493,  Berkshire Hathaway Inc, Q4, 1793.24,  FirstEnergy Corp, Q4, 0.794,  Health Care REIT Inc, Q4, 0.841,  Lowe’s Cos Inc, Q4, 0.231,  ONEOK Inc, Q4, 0.45
 

US Market News

  • Lockheed Martin warns that across the board spending cuts in the US could trigger contract terminations and factory closures
  • Warren Buffet has detailed in his annual letter to investors that the long run of out-performing the S&P 500 may end this year, based on a five year basis, due to the strong rally in the markets in recent months, and details he was still looking for acquisitions
  • Herbalife stays in the news as Carl Icahn has two of his executives nominated for the board and as he details he now holds 14m shares, a 13.6% stake
  • Barron’s suggests that BB&T is set to regain market share, the paper also suggests that Danone could gain as it focuses on margins more than market share, and also flags up Forestar Group stating that it could gain 70% as investors discover the value of its real estate
 

Overnight Market News

  • Asian markets cooled as China property price data causes some jitters as the government orders fresh measures to dampen down speculation, the Shanghai Composite came of 2.9%
  • Bank of Japan governor Kuroda has stated that the bank would do whatever is needed to end the 15 years of deflation
  • Japan’s 5 year not has fallen to a record of 0.1%
 

Economic Data Due

  • 09:30 UK February PMI Construction, 48.7 previous
  • 10:00 Eurozone January Eurozone PPI, 0.4% exp. -0.2% previous
 

Economic Events

  • Euro Area Finance Ministers Meet in Brussels
 

UK PMI

Comments (0)

Comments are closed.