Navigate

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

Cantor Opening Call

  • The FTSE is seen starting the week flat to marginally higher

 
 

UK Corporate Announcements

  • Anite states that nine month revenues were broadly in line with the expectations
  • Hansteen reports full year revenues of £77m from £64m and an adjusted pre-tax profit of £46.2m from £8.9m
  • Soco announces its full year pre-tax profit more than doubles to $207m and details full year revenues of $621m and states that it is poised to take advantage of growth prospects
  • Diageo today details the results of its global supply and procurement review and states that its regional structures are to be reduced and details the revised segmental information
 

UK Market News

  • The Telegraph suggests that Virgin Atlantic is looking set to record losses of around £135m a record for the carrier, and that fears of additional job cuts are seen by staff
  • St Ives announces that it is to buy amaze for £15.3m in cash
 

UK Analyst Changes

  • Cobham Pt Raised To 195P Vs 175P At Morgan Stanley
  • Icap Cut To Sell Vs Neutral At Ubs
  • Tullett Prebon Cut To Sell Vs Neutral At Ubs
 

UK Insider Buying

  • Aga Rangemaster Group, (AGA), 2 insider(s) bought 41690 shares, £0.87
  • Cupid Plc, (CUP), 1 insider(s) bought 865000 shares, £1.15
  • Drax Group Plc, (DRX), 1 insider(s) bought 7900 shares, £6.29
  • Goldplat Plc, (GDP), 1 insider(s) bought 145084 shares, £0.1
  • Innovation Group Plc, (TIG), 1 insider(s) bought 40014 shares, £0.25
  • International Personal, (IPF), 1 insider(s) bought 15000 shares, £4.69
  • Intu Properties Plc, (INTU), 1 insider(s) bought 6000 shares, £3.35
  • Lpa Group Plc, (LPA), 1 insider(s) bought 5000 shares, £0.7
  • Rolls-Royce Holdings P, (RR/), 5 insider(s) bought 864 shares, £10.56
  • Rotork Plc, (ROR), 1 insider(s) bought 1050 shares, £29.75
 

UK Insider Selling

  • Amlin Plc, (AML), 1 insider(s) sold 6900 shares, £4.23
  • Diageo Plc, (DGE), 1 insider(s) sold 50000 shares, £20.23
  • Jupiter Fund Management, (JUP),  insider(s) sold 50000 shares, £3.46
  • Rathbone Brothers Plc, (RAT), 1 insider(s) sold 360 shares, £14.39
  • Rolls-Royce Holdings Pl, (RR/),  insider(s) sold 10000 shares, £10.52
 

FTSE 100 Movers
 
 

Major European Companies Reporting

  • Aryzta AG, S1, 1.51,  Enel Green Power SpA, R, 0.089,  Exor SpA, R, 2.875,  GEA Group AG, R, 1.665,  Helvetia Holding AG, R, 38.614,  Pirelli & C. SpA, R, 0.847
 

European Market Summary

  • Following the general election Fitch has downgraded Italy to BBB+ and keeps a negative outlook
  • Ireland is expected to announce its mortgage debt plan this week
  • Sanofi is in the news after the FDA announces that it is investigating it and Teva over allegations of the possible sale of medications destined for humanitarian aid outside of the EU
  • The founder of Absolute Capital Management Holdings, Jurgen Homm was arrested by Italian police at the Uffizi Gallery in Florence on Friday, he is accused of defrauding investors of some $200m
  • Germany sells €4bn in bills at 11:30 and France sells bills at 3:30
 

S&P 500 Companies Reporting

  • Urban Outfitters, Q4, 0.573
 

US Market News

  • Pimco’s Bill Gross announces that he was lifting his US 2013 GDP forecast to possibly as high as 3%, from previous forecasts of 1.25-1.75%
  • Barron’s suggests that Target looks good value as it expects its Canadian store rollout to be a success
  • The paper also flags up analysts that suggest that Medtronic could gain as it moves into emerging markets, and also highlights positives notes in Ecolab, suggesting its merger with Nalco has gone well
  • Yahoo is in the news on reports on Friday that it had a brief outage across the majority of its site son Friday
 

Overnight Market News

  • China’s industrial output has fallen to its weakest start to a year since 2009, as production ‘only’ gains 9.9%, and retail sales gained 12.3% but under the forecasts
  • Tensions in Korea stay highs as North Korea states that a South Korean former deputy commander would be the ‘first target for the great war for national reunification’ after he stated that he would respond to an attack from the North by toppling the regime
  • The Nikkei has gained 41% in the past 74 days in its strongest rally since 1987
  • Alibaba announces that Jonathan Lu is to replace Jack Ma as CEO
  • Sony’s chairman details that he will retire in June
  • In general news the bus driver accused of leading the gang rape and murder of a physiotherapy student in New Delhi has killed himself in his prison cell ahead of his trial
 

Economic Data Due

  • 07:00 Germany January Trade Balance, £15.1bn exp. £12.0bn previous
 

Economic Events

  • EU Foreign Ministers meet in Brussels
 

German Trade Balance
Swen Lorenz: