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

Cantor Opening Call The FTSE is seen opening around unchanged on the open today

UK Corporate Announcements Antofagasta announces full year net sales of $6.74bn from $6.08bn, with net profit down 17%, citing costs and impairment charges, but lifts its dividend payment Inchcape reports a full year pre-tax profit of £251.5m just ahead of the estimates of £248m on revenues of £6.1bn largely in line, and sees exciting growth prospects in emerging markets and states it sees a gradual recovery in the UK car industry in 2013 IG Group reports Q3 revenues gained 18% to £88.6m stronger than its guidance, and that operating costs had been ‘held in check’ and states that it is well positioned for growth Imagination Technologies states that royalty revenues are strong and in line with the expectations SDL states that the pipeline is strong and was giving confidence for 2013 as it details a full year pre-tax profit of £27.4m down 19% with revenues up 185 to £269.3m Computacenter announces a full year pre-tax profit of £71.3m on revenues of £2.91bn just under the estimates of £2.95bn and plans to return up to £75m Fresnillo states that it is to continue to focus on costs as it announces 2012 revenues of $2.16bn and an attributable profit of $736.09m

UK Market News Reuters suggests that RBS is looking at the possible listing of its business lending unit The RICS survey has house prices down again in February, while the FT suggests that a group of private equity companies are interested in Commerzbank’s UK property Lloyds Banking Group is to sell its 20% stake in St James Place HP states that UK SFO is looking into Autonomy

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 West African Minerals C, (WAFM), 1 insider(s) bought 500000 shares, £0.54 Energy Technique Plc, (ETQ), 1 insider(s) bought 50000 shares, £0.47 Goldplat Plc, (GDP), 1 insider(s) bought 145084 shares, £0.1 Acal Plc, (ACL), 1 insider(s) bought 4000 shares, £2.4

UK Insider Selling Hargreaves Lansdown Pl, (HL/), 1 insider(s) sold 333333 shares, £8.81

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 Greece remains locked in talks with international creditors about reducing the government workforce by enough to keep bailout funds flowing Italy’s central bank has asked some of its larger banks to increase their bad loans provisions by around €21bn Germany sells €1bn in bonds at 11:30 and Italy sells €7.75bn in 365 day bills, and Spain sells bills at 10:30

Major US Stock Movers After Hours IRobot gained 9% after hours as it lifts its Q1 forecasts and details that its CFO has quit Verifone announces that its CEO has quit, as it misses Q2 estimates, and the stock gained 6% on the news Yum Brands detailed that Q1 comparable sales fell in China fell 20%, less than the forecasts of 24.7%, and it gained 6% on the news Lakeland Industries was the major faller off 23% as it is in talks with lenders on a potential default

S&P 500 Companies Reporting Urban Outfitters, Q4, 0.573

US Market News Apple is now expected to detail what it plans to do with its cash hoard of $137bn by next month, with analysts stating that with a straight forward buy back there would seem to be a natural floor on the share price John Paulson is reportedly looking at a possible move to Puerto Rico where a new law would remove taxes on gains from the $9.5bn he invested in his own hedge funds BlueCrest Capital Management the $35bn hedge fund started by Michael Platt states the it is planning a return to stocks and is to start hiring stock traders Mexico is seen overhauling its telecom industry by introducing new proposals to limit the control of Carlos Slim and Televisa

Overnight Market News Sources suggest that John Phizackerley has left Nomura Holdings as CEO of Europe, Africa and the Middle East Chinese authorities continue to check water quality levels in Shanghai after 3000 pig carcasses were found in the river

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

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